Ottawa Mortgage Blog
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Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening
January 25, 2023 | Posted by: Jamie Small - Ottawa Mortgage Broker
The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening ...
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Should You Spend the Full Mortgage Amount You're Approved For?
December 28, 2022 | Posted by: Jamie Small - Ottawa Mortgage Broker
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...
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The Pros and Cons of Fixed vs. Variable Mortgages
December 8, 2022 | Posted by: Jamie Small - Ottawa Mortgage Broker
When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we'll take a look at the pros and c ...
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Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
December 7, 2022 | Posted by: Jamie Small - Ottawa Mortgage Broker
The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening ...
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10 Things to Know About the Offer Process
November 30, 2022 | Posted by: Jamie Small - Ottawa Mortgage Broker
10 Things to Know About the Offer Process Before making an offer on your dream house, here are the ten things you need to know about buying real estate to ensure your offer is solid. Buying real e ...
read moreA Six-Step, Back to Basics Financial Plan for Most Every Canadian
November 21, 2022 | Posted by: Jamie Small - Ottawa Mortgage Broker
It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ...
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10 Important Questions to Ask Your Contractor
November 9, 2022 | Posted by: Jamie Small - Ottawa Mortgage Broker
10 Important Questions to Ask Your Contractor Are you thinking about hiring a contractor before selling real estate? Here are ten important questions you should ask the contractor before signing a co ...
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Bank of Canada Rate Update October 26, 2022
October 26, 2022 | Posted by: Jamie Small - Ottawa Mortgage Broker
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.75%, with the Bank Rate a ...
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Best Ways to Plan for Your Down Payment
October 19, 2022 | Posted by: Jamie Small - Ottawa Mortgage Broker
Best Ways to Plan for Your Down Payment Do mortgages seem unaffordable? These tips will help you plan for your down payment so you can start talking to a private lender mortgage broker in no time. ...
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Common Mistakes That House Flippers Make & How to Avoid Them
October 12, 2022 | Posted by: Jamie Small - Ottawa Mortgage Broker
Mistakes That Can Make House Flipping a Flop Common Mistakes That House Flippers Make & How to Avoid Them Making it in the world of house flipping means making sound and prudent decisions. Read on t ...
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