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Mortgage Rates are down again temporarily in Ottawa! - March 29, 2011

Submitted by Eric Manherz on Tue, 2011-03-29 16:32
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Mortgage rates are suddenly down again for a short period - if you can close on a property in the next 45 to 60 days you could take advantage of some amazing rates that are currently available.

Despite all the hoopla about mortgage rates going up they are suddenly down again and apparently going to stay down for the next while.  So much so that some lenders are offering some extremely great rates if you have a quick close coming on within the next 45 to 60 days.  Especially the variable rates which are at prime minus 75 points and less and also some of the 3 and 4 year fixed rates are really great! 

Ottawa's skyline about to get more interesting with the launch of the new Condo building - The Merit by Charlesfort

Submitted by Eric Manherz on Sun, 2011-02-27 13:13
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Charlefort's The Merit - new condo complex in the heart of downtown OttawaEarlier this month what I consider to be one of Ottawa's best condo builders Charlefort ( builder - Doug Casey) announced the sales of it's newest condo building which will be situated across from City Hall at the corner of Lisgar and Cartier streets. 
 

Latest Ottawa Real Estate Newsletter

Submitted by Eric Manherz on Sun, 2011-02-27 12:58
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The latest email newsletter deals with the following topics

Summary of January 2011 Ottawa Real Estate Market and

Ontario Land Transfer Tax Calculator

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Ontario Land Transfer Tax

Tax must be paid when property in the province of Ontario changes hands.  There are very few exemptions from this tax.  (Certain jurisdictions, such as Toronto, levy an additional transfer tax but most other jurisdictions, including Ottawa, currently do not.)  This is a one-time levy that occurs when the property is purchased, and is separate from Ontario Property Tax.

Yes - I'd Like To Buy A House Or Condo

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Eric Manherz - Ottawa Real Estate Buying a property

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Mortgage Rates have started to rise!

Submitted by Eric Manherz on Wed, 2010-03-31 10:32
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Just in case you haven't yet heard, Monday, for the first time in a while the mortgage rates from some of the big banks has started to creep up.  The spread between bond yields and fixed mortgage rates is such that only desire for market share has kept the banks from raising rates to date.
 
Yesterday morning RBC (Royal Bank)  and TDCT (TD-Canada Trust) announced a .60% increase in their 5 year posted rate, it will be only a matter of time before others follow suit. It's a sign that interest rates are probably on the upswing as has been predicted for quite a while. 
 

Ottawa properties are about to cost more - Stop the HST – Cost of buying, owning and selling a home to go up by 8%

Submitted by Eric Manherz on Tue, 2009-11-17 13:49
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Subject: Stop the HST – Cost of buying, owning and selling a home to go up by 8%

Recommended Ottawa Mortgage Professionals that Provide Great Rates and Superb Service

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There are many many places to get your mortgage but if you're looking for someone who will not only give you the best rates but will also give you superb service - then we highly recommend you call any of the people we list below.  Most of them will actually come to you - so no need to travel to a bank and look for parking etc.
Give any or all of them a call or email and tell them Eric and Steve sent you!.
 
Mike Hatch and Donna White from Dominion Lending Centres
Mike Hatch  -  (613) 203-2030
Donna White  - (613) 612-2111
info@ottawashometeam.com
www.ottawashometeam.com

 

Time to Mortgage your Future? - Are you missing a great opportunity to buy!

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Many consumers are missing out on opportunities to determine how much they can afford and are overlooking available tools, writes Derek Sankey. By Derek Sankey, Canwest News Service -April 1, 2009

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