McVeigh Mortgages Mortgage Agent

04/01/2026

Ontario is proposing a temporary full HST rebate on new homes valued up to $1 million — potentially saving buyers up to $130,000.
This enhanced relief could apply to new builds, owner-built homes, and qualifying long-term rentals, with specific timing and eligibility rules.
Swipe to learn the key details and what this could mean for your future build or purchase. 🏡
Federal approval and conditions apply.

01/28/2026

Bank of Canada holds rates steady.
Today, the BoC kept the overnight rate at 2.25%, with the Bank Rate at 2.5% and deposit rate at 2.20%—a signal of stability as the economy navigates global uncertainty.
Key takeaways:
🇺🇸 US growth remains strong, driven by AI investment and consumer spending, but US tariffs are still disrupting Canadian exports.
📉 Canadian growth stalled in Q4, though employment has picked up and domestic demand is improving.
📊 Inflation is trending near the 2% target, with core inflation easing—good news for long‑term rate stability.
🌍 Risks remain: US trade policies, geopolitical tensions, and the upcoming CUSMA review all create uncertainty.
🏡 What this means for homeowners & homebuyers:
With the policy rate unchanged and inflation near target, mortgage rates should remain stable in the short term. Excess supply in the economy and slowing population growth reduce pressure for future rate hikes. This environment could support more predictable borrowing costs for both fixed and variable-rate mortgages.
The Bank remains ready to respond if economic conditions shift—but for now, today’s hold helps reinforce confidence and stability.
For full details, check out our latest article: https://mortgagebrokersottawa.com/news-and-events/news/

12/11/2025

📢 Bank of Canada Holds Rate at 2.25%!

Good news for homeowners and buyers: The overnight rate stays steady, meaning no changes for variable-rate mortgages and continued stability for fixed-rate holders.

✅ Fixed = Predictable payments
✅ Variable = No hike (for now!)

Thinking about buying or renewing? Now’s the time to review your options!

👉 Contact Mortgage Brokers Ottawa for expert advice.

10/29/2025

10/23/2025

I wanted to thank everyone that came and visited us at the fair. It was great to see everyone. Please feel free to reach out with any of your mortgage questions!

09/16/2025

05/04/2023

Most people ignore this when they’re buying a house (but YOU shouldn’t!)

It’s important to be working with a great TEAM when you’re purchasing a new home. And by team, we mean a Mortgage broker/agent, realtor, appraiser, lawyers…everyone involved in your home purchase from start to finish.

You’re only as strong as the weakest link.

We can recommend great professionals you can trust at each stage of the mortgage process.

We should be your first step when buying a new home. We can help you figure out what you can afford and what is best for you.

We value putting YOUR needs first and we want to ensure that the entire process is smooth for you.

Experience matters.

Now more than ever.

We hope you reach out if you have any questions!

04/20/2023

The First Home Savings Account (FHSA) has been introduced to Canada, combining perks of an RRSP and a TFSA. Here's everything you need to know about it.

Read full article here: https://mortgagebrokersottawa.com/news-and-events/news/first-home-savings-account

04/19/2023

A pre-approval should ALWAYS be your first step when buying a home. Here’s why:

A mortgage pre-approval gives you an estimate on how much you can borrow for a mortgage and the interest rate you will pay on the loan.

This is VERY useful when you are shopping for a home because it can help you narrow down your search.

It also shows sellers that you are a serious buyer who is ready and able to make an offer (you can get a pre-approval letter from the lender to show them).

It doesn’t take long. We typically do a review of your credit score, income, and employment history to give you a good estimate.

But keep in mind that a pre-approval is not a guarantee that you will be approved for a mortgage. You will still need to provide additional documentation and undergo further review by the lender before your mortgage is approved.

BUT a mortgage pre-approval is an extremely helpful first step in the homebuying process.

So if you’re thinking of buying, please reach out to me first! We can get a pre-approval done quickly so you can get into this Spring Market with confidence.

04/13/2023

With the Spring Market in full swing and people house hunting, I’m getting lots of questions about down payments. Here’s the explanation:

If you’re purchasing a home that is less than $500,000, you will need 5% down payment minimum.

If you're purchasing a home between $500,000 and $999,999, you will need to put down 5% on the first $500,000 and 10% on the next $499,999.

Anything $1M+ will need 20% down payment on the whole thing (so a $1,000,000 home will need $200,000 down).

If you have any questions, please let me know!

Follow me at McVeigh Mortgages Mortgage Agents for more advice and tips!