How Mortgage Loan Insurance is Calculated
November 19, 2021Mortgage loan insurance protects the lender from default and most Canadian lending institutions are required by law to have it. If the borrower defaults (fails to pay) on the mortgage, the lender is reimbursed by the insurer. The cost for this coverage is in the form of an insurance premium which...
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Electric Vehicles: A Q&A for Property Buyers
November 16, 2021It’s not a subject that comes up every day when I’m helping a client buy a house or condominium unit in Ottawa, but with the increased concern for the environment, I’m expecting to meet more and more buyers who have purchased an electric vehicle or are considering one. These buyers will be looking for...
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OPTIONS OF OWNERSHIP
November 8, 2021Is a freehold better than a condominium? It all depends on your circumstance - there are lots of reasons why some people are choosing the condominium alternative over classic freehold ownership. The Classic FreeholdYou own the land and the house outright and are the sole decision maker when it comes to maintenance,...
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Ottawa Resale House Prices up 19% in October
November 3, 2021The average sale price for a resale home in Ottawa in October of 2021 was up 19% from October of 2020, the Ottawa Real Estate Board has reported. In October, a month marked by continued lower-than-usual inventory, the average sale price for a residential-class property in Ottawa was $716,378, the Board...
