Ottawa Select Real Estate Blog

New mortgage stress test rules coming June

New mortgage stress test rules coming June

As of June 1st, Canadians seeking an uninsured mortgage – aka mortgages with a down payment of at least 20% – will need to pass a stricter stress test and prove they can afford payments at a higher qualifying rate. The Office of the ...

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How to get Pre-Approved for a Larger Mortgage

How to get Pre-Approved for a Larger Mortgage

House hunting is a funny thing – you can go in thinking you know exactly what kind of place you want, but then a home unexpectedly blows you out of the water! That’s a wonderful experience, but it can be a challenge to your budget. If ...

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April’s Resale Market Starts Strong and Sputters

April’s Resale Market Starts Strong and Sputters

Members of the Ottawa Real Estate Board sold 2,402 residential properties in April through the Board’s Multiple Listing Service® System, compared with 911 in April 2020, an increase of 164 per cent. April’s sales included 1,859 in ...

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