How to Remortgage for Renovations in Ottawa
There are many ways you can pay for a home renovation. One of the most popular ways is through a second mortgage. But you can also pay for a home renovation using a first mortgage, if you know how to do it. Here’s how to remortgage for renovations with your Ottawa mortgage. When you remortgage…
Read moreWhere are the Best Places to Retire in Canada?
With changes just being made to Old Age Security, and everyone worried about the debt they’re carrying now and possibly into retirement, everyone’s thinking about their Golden Years. Where will you be? Will you move, or stay right where you are? If you’re in the former group, you might be thinking about where you want…
Read moreOttawa Homes: Then & Now
We often hear about statistics that compare certain figures with those of the past year’s. Housing starts, average home prices, and consumer confidence are all things that are regularly measured, recorded, and then reported on. But the Ottawa Citizen has just released stats comparing Ottawa’s housing market in the early 90s to how it looks today,…
Read moreIs it Better to Rent an Apartment or Condo in Ottawa?
The Ottawa Citizen recently looked at two of the latest trends happening in Ottawa’s housing market that happen to coincide with one another: a drop in rental real estate construction and, just like everywhere else in the country, an increase in condo construction. These two trends have led to another trend: landlords that no longer…
Read moreCanadian Banks Competing for Mortgages
It’s no secret that banks have been looking to increase their profit margins for some time. With interest rates lower than they’ve ever been, the banks needed to come up with new ways to make money. While it might not sound like that’s great for the consumer or homeowner looking to refinance their home or…
Read moreWhat are High-Risk Mortgages?
Many people think that in order to get a mortgage in Canada, you must have a great credit score, and generally this is true. However, there is a certain type of mortgage, called a high-risk mortgage, that allows people even with blemished credit to still become a homeowner in Canada. So when your credit score…
Read moreA Financial Look Back
It’s a New Year! A time to look forward and hope for a new day. But before we start all that, let’s first take a look back at all the changes that took place last year, and how that may affect the year ahead. Tighter Mortgage Rules It was very early in the year when…
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