Mortgage Brokers Ottawa

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Mortgage Brokers Ottawa Mortgage Brokers Ottawa License #11759
Ottawa's largest mortgage brokerage. Choosing the right mortgage solution can be an overwhelming task.

At Mortgage Brokers Ottawa we take the time to learn about your unique situation and future financial goals. Each one of our professionally trained Mortgage Agents makes getting to know you and your requirements their top priority in order to tailor a mortgage solution which fits your specific needs.

Buying a new home before your current one sells? Bridge financing is usually how that gap gets covered. 🏡Here's the key ...
10/19/2026

Buying a new home before your current one sells? Bridge financing is usually how that gap gets covered. 🏡

Here's the key thing most people don't realize: to qualify for a bank or credit union bridge loan, you need a firm sale agreement on your existing home. Without it, lenders can't confirm your equity or timeline, and you end up in private financing territory — which is a noticeably more expensive place to be. With a firm sale in place, the all-in cost for a short bridge period — admin fees, legal costs included — typically lands between $1,000 and $2,000 total. Not a huge number given what's at stake.

Also worth knowing: bridge loan interest is calculated daily, so the gap between your two closing dates matters more than most people expect when they're deep in negotiations.

Have questions about how bridge financing might work in your situation? Drop a comment or reach out — we're happy to walk through it with you.

Mortgage Brokers Ottawa — License #11759

Here's something that surprises a lot of buyers when they first hear it: mortgage default insurance doesn't protect you ...
10/16/2026

Here's something that surprises a lot of buyers when they first hear it: mortgage default insurance doesn't protect you — it protects your lender. 🏠 That distinction matters more than most people realize.

If your down payment is less than 20%, you're in a high-ratio mortgage and this insurance is mandatory. The premium ranges from roughly 2.8% to 4.0% of your mortgage amount and gets added to your balance — but if you're buying in Ontario, the 8% PST on that premium must be paid in full at closing. That's a number worth factoring into your budget early.

Since December 2024, the insured mortgage cap sits at $1.5 million, which has opened doors for more Ottawa buyers. First-time buyers and those purchasing new builds can also access a 30-year amortization, which can make a real difference in monthly cash flow.

Have questions about how the down payment or insurance side of things works for your situation? We're always happy to walk through it together.

Mortgage Brokers Ottawa — License #11759

If you own your home and you're heading into — or already in — retirement, you've probably come across both reverse mort...
10/14/2026

If you own your home and you're heading into — or already in — retirement, you've probably come across both reverse mortgages and HELOCs. They both let you access your home equity, but they work very differently depending on your situation. 🏡

A HELOC offers flexible access to funds, but qualification is tied to your income and credit, and borrowing is capped at 65% of your home's value. For retirees on a fixed income, that qualifying step can be the real sticking point. A reverse mortgage removes that hurdle — no income qualification, no stress test, no required monthly payments. For Ottawa homeowners, eligibility comes down to a few key criteria: every owner on title must be 55 or older, the home must be your primary residence, and the property needs to meet lender guidelines.

There's no universal right answer here — it genuinely depends on your income picture, how you plan to use the funds, and your comfort with monthly payments. That's exactly why a real conversation matters more than a quick search.

What questions do you have about using your home equity in retirement? Drop them in the comments or reach out to us directly.

Mortgage Brokers Ottawa — License #11759

Something interesting is happening in Ottawa's housing market right now 🏡 — and it's worth understanding, not worrying a...
10/09/2026

Something interesting is happening in Ottawa's housing market right now 🏡 — and it's worth understanding, not worrying about.

In April 2026, 1,336 homes sold in Ottawa, down 1.9% from last year, while new listings jumped over 19% with 4,535 active listings. Homes are averaging 21 days to sell compared to 18 days in April 2025. And yet, Ottawa's average sale price still sits at $712,184 — up 0.8% year-over-year. That's a nuanced picture.

What does it mean for your next move? Whether you're buying, already own, or investing, we're happy to help you think it through. Drop a comment or reach out directly.

Mortgage Brokers Ottawa — License #11759

Ottawa's condo market is genuinely soft right now — and if you're a buyer, that's worth paying attention to. 🏙️Active li...
10/07/2026

Ottawa's condo market is genuinely soft right now — and if you're a buyer, that's worth paying attention to. 🏙️

Active listings are up roughly 44.5% compared to last year, sales are down 17% year-to-date, and benchmark condo prices have dipped around 5–6% year-over-year to approximately $384,500. That's a meaningful shift. Buyers have more options and more time than they've had in years — two things that were in short supply not long ago.

That said, not all condos are equal in this environment. Well-located units — especially near major federal workplaces — are holding up better than others. And with longer days on market, there's real room to negotiate on price, conditions, and closing timelines. Getting your financing sorted before those conversations start puts you in a much stronger position.

Thinking about buying a condo in Ottawa? We'd love to have that conversation. Drop a comment or reach out directly — what's your biggest question about today's market?

Mortgage Brokers Ottawa — License #11759

Rental income can be a powerful asset — but lenders look at it differently than you might expect. 🏘️Most lenders only co...
09/30/2026

Rental income can be a powerful asset — but lenders look at it differently than you might expect. 🏘️

Most lenders only count a portion of your rental income (typically between 50–80%), and many want to see it reported on your tax returns before giving it full weight. There's also a big difference in how they treat owner-occupied rentals versus standalone investment properties — the documentation requirements and debt ratio calculations shift depending on how you use the property.

Getting this right at the file-preparation stage makes a real difference in what you qualify for.

Are you factoring rental income into your mortgage plans? Drop a comment or reach out — we're happy to walk through it with you.

Mortgage Brokers Ottawa — License #11759

Thinking about buying an apartment in Ottawa? Here are three numbers worth knowing before you make any moves.The benchma...
09/28/2026

Thinking about buying an apartment in Ottawa? Here are three numbers worth knowing before you make any moves.

The benchmark apartment price sits at $385,500 (July 2026), down 5.2% from a year ago. Inventory is at 5.4 months — well above balanced market territory — and the sales-to-new-listings ratio is just 41%. Buyers have more negotiating room right now than they have in a long time.

The Bank of Canada has held its overnight rate steady for six consecutive announcements, which has kept things fairly predictable on the financing side.

If you've been on the fence, this is a solid environment to at least have that conversation. Our 80 mortgage agents right here in Ottawa can walk you through your options — no pressure, just clarity.

What questions do you have about buying in Ottawa right now? Drop them in the comments!

Mortgage Brokers Ottawa — License #11759

A question we're hearing a lot lately: "Should I wait, or should I buy?"It's completely fair to wonder. The Bank of Cana...
09/25/2026

A question we're hearing a lot lately: "Should I wait, or should I buy?"

It's completely fair to wonder. The Bank of Canada held its overnight rate at 2.25% on September 2nd — but was clear that rate increases are back on the table if tariff-driven inflation spreads. Meanwhile, new home construction costs in Ontario have already risen an estimated $15,000–$25,000 per unit due to U.S. tariffs.

Right here in Ottawa, the average home price came in at $683,308 in July — down 6.9% from the previous month. Softer prices can create real opportunity, but we know confidence matters just as much as numbers.

What's the right move for YOU? That's exactly the conversation we have with clients every day.

Drop your questions in the comments or reach out — we're here to help you cut through the noise.

Mortgage Brokers Ottawa — License #11759

Bond yields have been climbing lately — and if you're thinking about a mortgage this fall, that's worth paying attention...
09/23/2026

Bond yields have been climbing lately — and if you're thinking about a mortgage this fall, that's worth paying attention to. 🍂

Here's a quick breakdown: The Bank of Canada has held its policy rate at 2.25% for seven consecutive holds, with most prime rates sitting at 4.75%. But fixed mortgage rates follow Government of Canada bond yields, not just the Bank of Canada — and those yields have been rising. That means some lenders have already adjusted their fixed rates upward, while variable rates remain relatively steady for now.

What does this mean for you? Fall 2025 is a great time to sit down with someone who watches these trends closely and can walk you through your options.

Are you currently navigating a renewal, a new purchase, or just trying to make sense of the market? Drop a comment or reach out — we're happy to help!

Mortgage Brokers Ottawa | License #11759

Ottawa's housing market is shifting — and if you're thinking about selling, now is a great time to understand what that ...
09/21/2026

Ottawa's housing market is shifting — and if you're thinking about selling, now is a great time to understand what that means for you.

As of June 2026, inventory is at 3.3 months and the sales-to-new-listings ratio sits at 48.8%. That combination is nudging things toward a more balanced market. The average sale price came in at $733,648 — up 1.3% year over year — so the market is steady, but buyers have more options than they did a year ago. Strategic pricing and presentation matter more than ever.

The good news? A balanced market still rewards well-prepared sellers. If you're thinking about your next move, our team at Mortgage Brokers Ottawa is here to help you navigate it with confidence.

What questions do you have about the current Ottawa market? Drop them in the comments!

Mortgage Brokers Ottawa — License #11759

Address

Ottawa, ON

Opening Hours

Monday 8:30am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8:30am - 5pm
Friday 8am - 5pm

Telephone

+16137981973

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