Nick Bachusky, Mortgageinottawa.com

03/08/2024

Happy International Women's Day! Today, we celebrate the incredible achievements and contributions of women around the world. As a mortgage agent in Canada, I'm privileged to work alongside strong, talented women every day who inspire me with their determination and resilience.

On this special day, let's not only celebrate how far we've come but also recognize the importance of continuing to strive for gender equality in all aspects of society. From the boardroom to the ballot box, we need more women leading the way and shaping the future. Let's empower each other to break barriers, challenge stereotypes, and create a world where every woman has the opportunity to thrive.

Here's to strong women everywhere—may we know them, may we be them, and may we raise them. Happy International Women's Day! 🌟

04/10/2023

Happy first warm week Monday Ottawa! Bond yields up today, BoC rate announcement 10am on Wednesday and 1 and 2 year rates increased last week. Here are your lowest mortgage rates and news this week! -

Non-mortgage debt and delinquencies on the rise: Equifax HERE Ottawa home prices drop $143,000 year-over-year Here Will the Bank of Canada hold rates? Here's what to expect this week Here Why aren't federal politicians talking about housing more? Strategists weigh in HERE

04/03/2023

Happy first Monday of April! First Time Homebuyer Savings account now available, bond rates up slightly, still no real chance of BoC increase on April 12. Here are your lowest mortgage rates and news this week! -

New tax-free home savings account to provide significant boost for buyers: executive HERE Nearly half of Canadians buying or renewing concerned about mortgage qualification: survey Here Inside the Industry Efforts to Amend the Foreign Buyer Ban Here Here's what to expect from the Canadian cottage...

03/27/2023

Happy last Monday of March Ottawa! Bond rates down still, CPI numbers lower than expect, many rates lowered across the board last week. Here are your lowest mortgage rates and news this week! -

How to keep your credit score high and your borrowing costs down ...and the top credit self-dence tips for 2023 HERE Mortgage brokers encouraged by renewed interest in home buying and renewals Here LACKIE: The real estate market is rallying but why? Here Sharp drop in inflation suggests interest ...

03/20/2023

Happy first day of spring Ottawa! What a wild week for bond rates, still no major rate changes, we might see that this week. CPI numbers out tomorrow morning, this is key for the Bank of Canada key rate. Here are your lowest mortgage rates and news this week! -

Canadian housing prices had smaller decline in February: Housing index HERE Sidelined Canadian Buyers Now Looking to Return to the Housing Market: Report Here How Canadians have cut back one year into interest rate hikes Here PM Trudeau says 2023 budget will include affordability measures 'that w...

03/13/2023

Happy daylight savings Monday ! Huge banking news south of border efffecting rates here, big bond yield drops today. Here are your lowest mortgage rates and news this week! -

Bank of Canada not ruling out additional rate hikes just yet HERE Canadian economy gained nearly 22,000 jobs in February: StatsCan Here Sold in Three Days For $300K Over Asking? It’s Happening Again Here Ontario has over a million homes in the pipeline, but needs developers to put shovels in th...

02/27/2023

Happy last Monday of February! Bond rates up again, economists increasing odds of rate hike in summer. Still no real housing plan. Here are your lowest mortgage rates and news this week! -

Nearly half of Canadians think mortgage fraud is common, some are willing to do it: survey HERE Home prices to decline another 5-7% this year, but remain above pre-pandemic levels due to demand: Fitch Here Housing affordability 'significantly worse today' than a year ago: Broker Here Here’s how...

02/21/2023

Happy Mardi Gras! We saw CPI numbers this morning come in at 5.9% almost completely ruling out a rate increase in March but bond yields still up a lot and we could see fixed rate increases this week. Here are your lowest mortgage rates and news this week! -

Canada's inflation rate slowed to 5.9% in January, but food costs continue to rise HERE How Buying A House Today Differs From 1990 Here Here's what you'll need to earn to afford a house in Ottawa in 2023 Here All’s Fair in Love and Real Estate: Pre-Con Controversy is a Lesson in Investing Wisel...

02/13/2023

Happy Superbowl Monday! Bond rates up last week after surging jobs report. Now economists predicting 70% chance of one more rate increase in summer. Here are your lowest mortgage rates and news this week! -

6 plaintiffs from Toronto's Chinese community accuse broker of mortgage fraud HERE Posthaste: Worried about mortgage rates? Four reasons not to panic about Canada's jobs shocker Here Builders say Canada's foreign buyers ban is stopping construction of new homes Here This Ottawa neighbourhood was ...

02/06/2023

Happy first Monday of February! Bond rates up this morning, no rate changes this week, big BoC speech tomorrow at 12:45 and great articles included. Here are your lowest mortgage rates and news this week! -

BoC's first summary of deliberations coming this week. Here's what to expect HERE Ottawa home sales down 35 per cent to start 2023 Here Turning empty offices into housing is a popular idea. Experts say it's easier said than done Here Vast majority of Canadians impacted by rising interest rates: p...

01/30/2023

Happy last Monday of January! Some more fixed rates down, variable rates up. Next Bank of Canada announcement on March 8th. Here are your lowest mortgage rates and news this week! -

Hurdles to homeownership driving up rental demand: CMHC HERE Ottawa one of the least expensive capital cities for homebuyers, report suggests Here Fewer Canadians able to save money amid tough economic times: ‘Huge shift and not a good one’ Here Bank of Canada’s first rate hike of 2023 coul...

01/23/2023

Happy rate announcement week Monday ! Rents up across Canada, more talk about reverse mortgages, inflation numbers down last week. Here are your lowest mortgage rates and news this week! -

What can we expect from the housing market in 2023? HERE More Canadians turning to reverse mortgages amid savings crunch Here Vacant Unit Tax is a 'misguided attempt to deal with the housing crisis': Ottawa Small Landlords Association Here High rent, mortgage rates keeping upward pressure on infl...