Ottawa Select Real Estate Blog

Closed vs Open Variable Rate Mortgage

Closed vs Open Variable Rate Mortgage

With interest rates trending low, Variable Rate Mortgages (VRMs) have shown to be a tremendous money-saving option. And like Fixed Rate Mortgages, VRMs come with open and closed terms. An open VRM allows the borrower to pay off the mortgage at any ...

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Price Dropped-Is it a good deal?

Price Dropped-Is it a good deal?

It sure may look like one, but keep in mind, it's not about, "they came down 10k or even 50k." It's about, "Was the property priced right to begin with?" Some properties hit the market out of sync with the neighbourhood. As few people are interested ...

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Buyer Agreement-Why You Should Want One

Buyer Agreement-Why You Should Want One

Some Buyers might be wary of signing a Buyer Agency Agreement because they are concerned that the relationship might not work out. And they don't want to be stuck with a 'crummy agent.' That's understandable. Having a relationship with a Buyer Agent ...

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Cost planning now, reduces stress later

Cost planning now, reduces stress later

A detailed plan is key when buying your home. Let's get together and go over all the calculations now, so you're prepared at 'deal time.' Mortgage financing is just one component. Here are other expenses to keep in mind. Mortgage Loan Insurance ...

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The Resale Market Settles Back to a Typical August

The Resale Market Settles Back to a Typical August

Members of the Ottawa Real Estate Board sold 1,572 residential properties in August through the Board’s Multiple Listing Service® System, compared with 2,006 in August 2020, a decrease of 22 per cent. August’s sales included 1,175 in ...

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