What Will be the COVID19 Impact on the Ottawa Residential Real Estate Market?

 Prior to the COVID-19 pandemic, the Ottawa real estate market was experiencing a profound boom. By January 2020, the prices of average residential houses had increased by 19.3% from last year to $516,000, and condos by 19% to $338,000 average selling price. In these uncertain times, the Ottawa real estate

What to do if You Have Bad Credit When You Need a Loan

 A good credit score is crucial to having healthy finances. The sad truth is that without it, you won’t be eligible for loans or a mortgage. Imagine having chosen a new car, knowing full well you can afford it, but your application doesn’t pass the credit check at the car

How mortgages have changed

 If you're like millions of Canadians, you're busy paying down your mortgage. It could take 25 years or so, but it can be a great way to accumulate personal wealth, especially if house prices rise. However, with changes to mortgages in recent years, it's important to understand just how they

Mortgage Industry Leaders Offer Insight into the Changing Landscape of Canadian Home Financing

 What are the worst-case scenarios? Why are you seeing them? What can be done? By Gretchen Casey You’re behind on credit card payments, mortgage payments, property taxes and/or utilities – as a home owner, this is a worst-case scenario. As a mortgage agent, we’re here to evaluate the situation and