Brett Nugent, Mortgage Agent, Dominion Lending Centres

11/11/2023

A day we use to remember the sacrifices that were made so we could have all that we do today.
🌺

07/31/2023

As rates have risen over the past year along with the cost of renting, people have been finding it increasingly more difficult to afford their living spaces.

In a recent blog posting, we see the comparison between paying rent vs mortgages across major cities in Canada. It’s important to note these are average costs and they don’t include other expenses like utilities or property tax. The comparable in some areas may surprise you as we reach record highs for rent and the steep rise in interest rate.

You can follow the link to read more about the markets and what’s effecting the prices. You can also see what areas are almost the same when it comes to the cost of rent and mortgage payments.

To learn more about planning for your financial future by buying or renting, reach out to me and I can help you get into the best position possible!

Renting is often seen as more affordable than buying, but how much more affordable is it really? In this comprehensive study analyzing average rental prices vs. average monthly mortgage payments, find out exactly how renting and buying a home differs in major cities across Canada.

07/12/2023

Well the BOC is back at it again… I know a lot of people were hoping that the hikes would be stopped, but unfortunately the BOC continues with its quantitative tightening.

To keep up to date on the changes and what the rate hikes mean for you, contact me and I’d be happy to explain the situation!
📞819-743-8689
📧[email protected]

07/10/2023

Are you dreaming of a way to beat the heat this summer? Have you always wanted the perfect cottage getaway or perhaps a beautiful backyard oasis to kick back and relax in?

Let me help you find a way to make it happen. Summer weather is heating up and there is no better time to get into your cool getaway than now!!

📞819-743-8689
📧[email protected]

06/21/2023

A lot of people have been worried about the housing market lately, but first time buyers are still willing to shop around. Follow the link to learn more!!

https://www.canadianmortgagetrends.com/2023/06/optimism-prevails-among-first-time-and-prospective-homebuyers-despite-economic-challenges-survey-finds/

There are always multiple ways to look at purchasing your home. It might be much easier to get what your looking for than you think.

Reach out to me if you want to know what you can do to get into your dream home and how I can make that happen.
📞819-743-8689
📧[email protected]

Despite rising interest rates and a challenging economic environment, first-time and prospective homebuyers are much more optimistic about Canada's housing market compared to the general population.

06/07/2023

The unfortunate, but somewhat expected rate increase today. The BoC increased the bench mark rate by 0.25%. Given the continuing fight against inflation it was anticipated the BoC may increase rates again today, which turned out to be the case following two consecutive announcements where it did not make any changes previously.

You can expect banks to increase their fixed rates as well now and for anyone in a variable mortgage, you will see an increase in your payments following this change. For more info on how this may effect you, contact me and I can help you understand what this change means for you!
📞819-743-8689
📧[email protected]

05/16/2023

With the Bank of Canada slowly battling the inflation that has taken over the economy, the interest rate hikes have also slowed and rates are starting to normalize a little. Although nothing is for certain, the anticipation is that the BoC will be able to lower the benchmark rate by the end of 2024 and effectively bring interest rates back to where they were prior to the Covid-19 pandemic. This is great news for home buyers and for people with personal loans in general. Check out the link below for more information on the future outlook for the BoC and interest rates moving forward!

If you have any questions on how this may effect you, or what the best plan of action might be for your homeownership goals, feel free to reach out and I'd be happy to discuss how I can help!

The Bank of Canada's benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses from market participants.

05/02/2023

Are you a renter in Canada? Have you noticed the constant increases in the cost of rent over the years? The rise in rental costs have made it more and more difficult for renters to find affordable living and to keep being able to afford those places as their rent increases. In Ottawa alone, research shows an annual increase of 15.4% year-over-year from 2022 to 2023.

Here is a link to find out for yourself how rent has been effected recently over the past few years. Sometimes the difference in home ownership and renting is not as big as people think!

After easing over the winter months, rent prices are back on the rise across Canada.

03/30/2023

Congrats to our Ottawa Home and Garden Show Grand Prize Winner, Alina Sauve!!! She won our $400 gift certificate for the Wakefield Mill Hotel & Spa. If you’re not jealous, you should be! This give away is already giving me some serious FOMO

We would like to thank everyone who came out to see us at the Home Show over the weekend. For those of you who weren’t able to make it, but may still have questions, feel free to reach out to your favourite handicapable broker!

📞819-743-8689
📧[email protected]

03/25/2023

GIVEAWAY ALERT!!!

For everyone who isn’t able to make it out to the Ottawa Home Show this weekend, don’t worry you can still enter our grand prize giveaway! We’re giving away a $400 gift card for the Wakefield Spa and Hotel!

Follow the link below to enter for a chance to win a wonderful spa getaway!!

https://form.jotform.com/230824397729265

03/23/2023

The boys are back in town!! Come by to see your favourite mortgage agents! We’re doing another great Prize Giveaway too so come try your luck while you’re at it!

From this Thursday through Sunday get out and see some great companies at the Ottawa Home Show

03/01/2023

With March finally upon us and Spring around the corner, I think it’s a good to keep everyone up to date on the Bank of Canada’s rate announcement schedule.

The next announcement to see if there will be any changes to the prime rate again, is Wednesday March 8th. This is extra important for people with variable mortgages and is something to keep an eye on as the year moves on! Hopefully no more rate hikes!! (A decrease would be great…)

If you have questions about these rate announcements or how your mortgage may be effected, then just give your man a holla!

📞819-743-8689
📧[email protected]