Canada’s Prime Rate drops after third Bank of Canada rate cut

March 30, 2020

With all the uncertainty we’re facing these days because of the virus pandemic, it’s nice to share some good news this week: Canada’s prime lending rate is falling to 2.45% after the Bank of Canada just announced another emergency rate cut. On March 27, the Bank of Canada lowered its target for the overnight rate...

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Refinancing & Future home financing

March 26, 2020

If you’re following the real estate market, likely you know that mortgage rates are at an all time low. We at Nancy Benson & Associates, with our strategic partners in the finance sector, are suggesting that this is a great time to get pre-qualified for a mortgage, or perhaps to think about refinancing....

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Low Interest Rates, Mortgage Payment Deferrals Among Good Housing News

March 26, 2020

If you’re a homeowner facing uncertain cash flow because of the current virus pandemic, there’s some positive news from Canada’s major banks and the City of Ottawa about deferral of mortgage and property tax payments. There is also good news for those who are thinking of buying property soon and are shopping for mortgage...

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Ottawa’s Affordable Market Attracting Millennials & Entrepreneurs

March 16, 2020

The trend is certainly noticeable as the prices in Ottawa have started to increase. I’ve helped a number of clients moving to Ottawa from abroad and from other parts of Canada and the United State as they find Ottawa a very affordable city and notably a “green” city. So I wasn’t surprised at...

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Average Ottawa Home & Condo Prices up 21% in Hot February Market

March 4, 2020

If you’ve been thinking about selling your home or condo in the near future, the news from Ottawa’s resale home market in February shows why the numbers are in your favour. The numbers, just released by the Ottawa Real Estate Board, tell the story of a very hot market in February of 2020. ...

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