Understanding New Mortgage Rules in Canada 2025 The Canadian real estate market is set to transform in 2025 with new mortgage rules designed to improve affordability and accessibility. Whether you’re a first-time home buyer or upgrading to your dream home, understanding these changes can help you make smarter financial decisions. Increased Borrowing Power for First-Time […]
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The January 2025 Ottawa Real Estate Board Stats are out! Market Snapshot: The January 2025 Ottawa Real Estate Stats are out! Ottawa’s real estate market is experiencing a shift, with unit sales down 4.2% compared to January 2024, while the average sale price has risen 5.8% year-over-year. Buyers now have more options, as inventory levels […]
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The December 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: The December 2024 Ottawa Real Estate Stats are out! Ottawa saw positive trends toward the end of 2024, with increased sales, interest rate drops, and improved mortgage lending rules. The 7.9% increase in December sales compared to the previous year is a promising […]
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The November 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Sales of homes in Ottawa saw an 11.8% increase in November 2023 yet still 3.1% below the five-year average. Despite the natural slowdown typical of the season as the holidays approach, some buyers are holding off, hoping for further interest rate reductions. […]
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Improving your credit score is one of the most effective ways to enhance your mortgage eligibility and secure favorable loan terms. Your credit score plays a crucial rule when it comes to securing a mortgage. Understanding how to boost your credit score for home buying in Ottawa can make the difference between an affordable mortgage […]
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Becoming a homeowner for the first time can be a rewarding, yet financially challenging process. Luckily, first-time buyers in Ottawa have access to several grants and incentives designed to ease the cost burden. Here’s a breakdown of these programs: 1. First-Time Home Buyer Incentive ( FTHBI) The First-Time Home Buyer Incentive offers a shared […]
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It happens: You walk into a home and completely fall in love with it. You can picture yourself living there, how you’re going to decorate, even how your furniture will fit. There’s just one little issue, though: You haven’t yet sold your current home. This can be a tough one, especially since emotions are involved.
You found your dream home, but haven’t sold your current house yet. Now what? Read More »
It’s no secret that purchasing a home almost always seems to be accompanied by “secret” additional costs. Lawyer fees, home inspection costs, taxes you didn’t know about until now – if you’re a first time home buyer (and even if you’re not!) it can all feel rather daunting. Today, I’d like to help demystify one
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March is officially here, which means the Ottawa spring housing market is just around the corner. The season marks a turning point in annual fluctuations of supply and demand as many homeowners opt to sell come March and April. With that in mind, I’ve put together this article on getting your property ready for spring
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Getting ready to buy your first home? 2023 is a great year to pull the trigger. Prices have dropped off their recent highs, and mortgage rates are still relatively low. That said, it’s important to do your homework before taking the plunge into homeownership. Here are five tips to keep in mind when buying a
What you Need to Know if You’re Buying Your First Home in 2023 Read More »