Ottawa continues to have a strong business framework and seem to be insulated from some of the financial repercussions of the COVID-19 business closures.
Mortgage rates continue to slip lower. Incredible never before seen rates available for those in the market for home buying.
Current 5 yr fixed rate, for an insured purchase is 2.19%
Current 5 yr fixed rate, with 20% down payment is 2.44%
Current 5 yr fixed rate, with 35% down payment is 2.19%
all above rates can be held for 120 days
Best variable rate still Prime less .44% or 1.99% today for an insured purchase.
CLICK HERE FOR THIS WEEKS POSTED RATES by Dan Faubert – Mortgage Broker
The Federal Government and hi-tech sector continue hiring, and service providers who assist business owners to place their business online are all helping to fuel the economy.
We present statistics each week to keep our Buyers & Sellers aware of the market. Should you be considering to buy or sell, do feel free to send me a note, a text, or to give me a call. 613-747-4747, I would be happy to discuss the market with you and to make a plan to achieve the best value possible, whether you are selling your home or purchasing a new property.