The new stress test announcement takes effect as of January 1st, 2018. This means that any mortgage application, regardless of the down-payment size, will need to qualify at a rate 2% higher than the  rate being offered, or the posted bank rate, whichever is higher. So what does this mean exactly? Any Buyers being […]

Ottawa Real Estate Welcome back, rental apartments. New construction home developers are looking for various other revenue streams. Many developers such as Brigil, Minto, Claridge, Cardel, Richcraft and Pheonix Homes and others are opting for more purpose-built rental apartments. Ottawa developers are concentrating on smaller, more efficient apartments in 10-15 unit buildings, specifically near LRT […]