Mortgage Pre-Approval: What’s Involved
November 24, 2022If you’re planning to buy property in Ottawa, you’ve probably heard mortgage and real estate experts, or friends recommend getting a mortgage pre-approval before you start. It’s something I strongly recommended to my buyer clients, for many reasons. With a pre-approval, a lender approves you for a specific mortgage and rate for...
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OTTAWA RESALE MARKET ADJUSTING TO RISING RATES
November 4, 2022Ottawa’s resale residential real estate market is continuing to see adjustments and corrections stemming in part from rising interest rates, the Ottawa Real Estate Board says in its report on sales results for October. While the average sale price for condominium properties in Ottawa was up 9% over October of 2021,...
