Ottawa Mortgage Blog

Category: Financing (23 posts)

Refinancing Your Home to Add Additional Units

January 27, 2025 | Posted by: Jamie Small

Have you ever thought about turning your home into more than just a home? With an exciting new program recently launched by CMHC, you can do just that. This program is designed for homeowners to add a ...

Understanding Capital Gains in Canada

November 11, 2024 | Posted by: Jamie Small

What Are Capital Gains? Capital gains refer to the profit you earn when you sell a capital asset-such as property or investments-for more than its original purchase price. For example, if you bough ...

Canada’s Inflation Rate Cools to 2.7% in June

July 22, 2024 | Posted by: Jamie Small

Canada’s annual inflation rate cooled in June, dropping to 2.7% after experiencing an uptick in May, where inflation increased to 2.9%. This latest figure came in below market expectations of 2. ...

7 Financial Tips for People Looking to Buy an Investment Property in Canada

July 19, 2024 | Posted by: Jamie Small

Investing in real estate can be a powerful way to build wealth, but it's essential to approach it with a well-thought-out strategy. Here are seven financial tips to help you purchase an investment pro ...

Navigating Today’s High Mortgage Rates

July 11, 2024 | Posted by: Jamie Small

Canadians are currently experiencing the highest mortgage rates in 23 years, all while home prices remain near record highs. This puts considerable pressure on borrowers. If you're feeling the st ...

Tips for Improving Your Credit Score Before Applying for a Mortgage

November 1, 2023 | Posted by: Jamie Small

Tips for Improving Your Credit Score Before Applying for a Mortgage For many people, buying a home is a significant milestone in their lives. However, getting approved for a mortgage is ...

Bank Of Canada Rate Update June 7, 2023

June 7, 2023 | Posted by: Jamie Small

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the ...

A Six-Step, Back to Basics Financial Plan for Most Every Canadian

November 21, 2022 | Posted by: Jamie Small

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 ...

What are credit scores and how are they important?

September 1, 2021 | Posted by: Jamie Small

A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ...

2021 Mortgage Stress Test - Latest Updates

April 21, 2021 | Posted by: Jamie Small

On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ...

April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

April 21, 2021 | Posted by: Jamie Small

Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The ...

April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy

April 12, 2021 | Posted by: Jamie Small

The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank ...

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing

March 10, 2021 | Posted by: Roar Solutions

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The B ...

How Good vs Bad Debt Impacts Your Household in Ottawa, Ontario

January 20, 2021 | Posted by: Jamie Small

In order to understand the difference between good and bad debt, it's important to track your income and expenses and established saving goals for your family. Financial stability allows you to mee ...

Bank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing

January 20, 2021 | Posted by: Roar Solutions

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The B ...

Dec 9-2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program

December 9, 2020 | Posted by: Roar Solutions

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. ...

3 Tips on How to Better Your Credit Score in Ottawa, Ontario

December 2, 2020 | Posted by: Jamie Small

Having a good credit score is of paramount essence as it affects your ability to access loans and borrow money. Your credit score rating influences the amount of mortgage you qualify for. You may ...

Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing

September 9, 2020 | Posted by: Roar Solutions

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...

July 15 - 2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing

July 15, 2020 | Posted by: Roar Solutions