5 Year Fixed 2.74%

5 Year Variable 2.85%

Current Mortgage News

Following three months of increased home sales, June data suggests that the housing market has stabilized resulting from nearly even local markets where sales we up, such as Quebec and Southern Ontario, and markets where sales were down, namely the GVA, Calgary, Halifax, and Newfoundland and Labrador.

The Bank of Canada has announced that it will maintain they key interested rate at 1.75%.

A new report released by Generation Squeeze, a not-for-profit group that advocates for young Canadians, suggests that the affordability gap between millennials and baby-boomers is larger than people realize.

In the Budget Plan 2019 announcement made by the Liberal government earlier this spring, an announcement was made in regard to a new first time home buyers assistance program. Though at the time, few details were made available more information has now been released regarding the proposed $1.25 billion dollar equity sharing program.

Canadian households are spending record amounts of their disposable income to service their debt payments according to a new report released by Statistics Canada.

Bank of Canada maintains overnight rate at 1.75%, marking the 5th consecutive announcement that has left the rate unchanged.

The average mortgage amount increased to $209,570, up by more than 3% from a year ago.

Real estate sales increased 0.4% year over year in the Ottawa market according to the Ottawa Real Estate Board (OREB).

With the federal election only 6 months away no party has presented a clear plan to turn the home ownership trend around.

Bank of Canada Governor Stephen Poloz kept the benchmark rate stable at 1.75% in the most recent announcement made this morning marking a fourth straight hold by the bank.

Following a sharp decline in February, Canadian home sales edged up 0.9% month-over-month in March according the monthly report from The Canadian Real Estate Association (CREA).

Despite stress tests and house prices, most Canadians still aim to own rather than rent.