The impact of Covid-19 on the real estate market

In this unprecedented time, more and more information is now being released by the lenders as well the three mortgage default insurers in terms of relief measures for Canadians who are facing financial difficulty as a result of the effects of the COVID-19 virus.

Covid-19: Mortgage Payment Difficulties

In a surprise move, the Bank of Canada cut the overnight lending rate by 0.50% to 0.75% today.

Falling interest rates could add fuel to spring home buying season

Should I chose a Fixed Term Mortgage over a Variable Mortgage

In a highly anticipated move the Bank of Canada lowered their overnight lending interest rate to 1.25% this morning, the first interest rate cut since 2015.

Multiple Offers continue to dominate the housing market in Ottawa

Housing market seeing many instances of 'multiple offers' in this listing starved market

Recently released statistics by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020.

Bill Morneau, Minister of Finance, has announced that the qualifying rate for the mortgage stress test will change effective April 6, 2020.

Low inventory and price increases continue to sellers' market in Ottawa real estate. All this and more on this edition of Open House: The Real Estate and Mortgage Show.