Ottawa Real Estate and Mortgage Solutions

09/12/2023

💼 As I have said before, nobody has a crystal ball to see what rates will be in the future. All I can do is my homework and provide my take on whats to come. A little research coupled with logic can go a long way so here is my prediction, in short as the longer explanation is in the post.

🏠 Fixed rates will slowly begin to drop as we are most likely headed into a recession. Bond yields tend to drop during a recession and as fixed rates are depending on bond yields, they will drop as well.

When rates drop, you can expect more buyers to enter the market.

🔑 If you are looking to purchase, refinance, or renew you mortgage, lets talk about your goals.

🤔 If you have a different take on the rates going forward, I would love to hear it.

07/22/2023

05/01/2023

If you have all the factors needed to purchase a property but are missing the down payment, your immediate family can gift you the funds needed to make that purchase. Immediate family, according to lenders, are your grandparents, your mom and dad, and your siblings.

To discuss your mortgage situation or property ownership goals, contact me:

☎ 613-262-5264

📧 [email protected] . . .

04/25/2023

Closing costs explained in brief.
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Contact me today to discuss.
☎ 613-262-5264
📧 [email protected]

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04/14/2023

This Sunday from 2:00 to 4:00pm, come by and see this gorgeous property. We will be on site to answer your home ownership and mortgage related questions. Look forward to seeing you!

03/24/2023

If you have enough income, downpayment, and can afford to pay the monthly mortgage, then consider paying for your own mortgage as opposed to paying for someone elses.

Start building equity for yourself!

03/12/2023

This Saturday March 18, 2023, come and join us between the hours of 12:00 to 9:00PM, as we take part in this years annual Spring Nowruz Bazaar at St. Elias Banquet Hall. We invite you to partake in the food, music, cultural performances, arts and crafts, and some of the many draws that that will be happening that day!

Additionally, with the spring real estate market upon us, this is a great opportunity to have your questions regarding real estate and mortgages answered by us in person. We are looking forward to seeing you there!

03/09/2023

https://www.facebook.com/reel/986896902471055

03/09/2023

February’s market data analysis
Resale Market Stabilizes in February with a Glimmer of Hope for Buyers and Sellers Alike!
Months of Inventory for the freehold-class properties has increased to 2.8 months from 0.7 months in February 2022.
Months of Inventory for condominium-class properties has increased to 2.5 months from 0.7 months in February 2022.
February’s new listings (1,366) were 22% lower than February 2022 (1,762) and up 3% from January 2023 (1,323). The 5-year average for new listings in February is 1,632.
Days on market (DOM) for freeholds decreased from 43 to 37 days and 47 to 43 days for condos compared to last month

03/09/2023