Ottawa Mortgage Blog
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Bank of Canada lowers policy rate to 2.25%
October 29, 2025 | Posted by: Jamie Small - Ottawa Mortgage Broker
The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. With the effects of US trade actions on econo ...
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Canadian Home Sales Poised for a Strong Finish in 2025
October 20, 2025 | Posted by: Jamie Small - Ottawa Mortgage Broker
The Canadian housing market is showing signs of renewed strength as we approach the end of 2025. According to the latest report from the Canadian Real Estate Association (CREA), home sales across the ...
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How Falling Rates Open Doors for Gig Workers, Mortgages for Non-Traditional Incomes
October 6, 2025 | Posted by: Jamie Small - Ottawa Mortgage Broker
After several policy cuts, the Bank of Canada's overnight rate sits at 2.50% as of September 17, 2025, down from 3.00% in January. This easing has lowered borrowing costs and improved afford ...
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Financing Your Home Renovations
September 26, 2025 | Posted by: Jamie Small - Ottawa Mortgage Broker
Home renovations can add value to your property and make your living space more functional and enjoyable. From kitchen remodels to adding a basement suite, the right home renovation financing in Canad ...
read moreSeptember 17-2025 - Bank of Canada lowers policy rate to 2.5%
September 17, 2025 | Posted by: Jamie Small - Ottawa Mortgage Broker
The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. After remaining resilient to sharply higher ...
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CMHC - Monthly Housing Starts - July 2025
September 3, 2025 | Posted by: Jamie Small - Ottawa Mortgage Broker
Canadian Monthly Housing Starts and Other Construction Data Tables - July 2025 At our mortgage brokerage, we make it a priority to follow the Canada Mortgage and Housing Corporation's (CMHC) monthl ...
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With Inflation at 1.7%, What This Means for Canadians Considering a Home Purchase or Mortgage Refinance
August 19, 2025 | Posted by: Jamie Small - Ottawa Mortgage Broker
Did You Know? Did you know that Canada's latest inflation figure has cooled to 1.7% according to Statistics Canada? For everyday Canadians, this is more than a headline. It can point to lower bor ...
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Thinking About a Vacation or Cottage Property? Here's What You Should Know
August 15, 2025 | Posted by: Jamie Small - Ottawa Mortgage Broker
There’s something truly Canadian about escaping to the lake, enjoying a quiet cabin in the woods, or owning a getaway in one of our beautiful resort towns. In addition to being a great place for ...
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Is the Mortgage Stress Test on the Way Out?
August 7, 2025 | Posted by: Jamie Small - Ottawa Mortgage Broker
Is the Mortgage Stress Test on the Way Out? How OSFI's New Loan-to-Income Rules Could Reshape Borrowing in 2025-26 Canadian borrowers have spent the past seven years living with the mortgage "s ...
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Bank of Canada holds policy rate at 2.75%
July 30, 2025 | Posted by: Jamie Small - Ottawa Mortgage Broker
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. While some elements of US trade policy have started to become m ...
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