Hi John,
I wanted to share some exciting updates that have come out recently:
- Insured Mortgages
- Down Payment Requirements
- OSFI’s New Offering – NO MORE STRESS TEST
- Upcoming Changes: Starting November 21st, we can switch clients without having to qualify 200 basis points above the contract rate. This will increase competition and potentially free up the real estate market.
Overall, these changes are positive for the Ottawa and Kanata housing market and offer more options for borrowers. I believe we’re headed towards a late-year surge with lower rates and a slight increase in real estate prices.
Want to learn more and start looking at getting your first home?
Contact me:
No fees for buyers
Homes for sale in Ottawa
Homes for sale in Kanata
