Ottawa’s Housing Market

The Canadian housing market might be hot, but Ottawa’s residential and commercial real estate market is forecasted to be exceptional in 2017. In the first five months of 2017, Ottawa housing stats increased 48% year-over-year. Meanwhile, the average price for a residential property in Ottawa was up 7.4% in May to $436,000; the second consecutive month that prices have advanced in excess of seven percent. As for commercial real estate in Ottawa, it is expected that almost $1.4 billion in transactions will occur in 2017. This would make 2017 one of the three most active years on record for Ottawa.

Finding the Best Mortgage Rates in Ottawa

If you live in Ottawa and are looking for the best mortgage rates, consider using the licensed, independent, private lenders and mortgage experts at who have access to hundreds of different lenders. Canada’s big banks only promote their own financial products, whether they’re suited to your needs or not. An independent agent can help you find a mortgage that meets both your financial needs and long-term lifestyle goals.

Keep in mind, there’s more to finding the best mortgage than just interest rates. Interest rates are very important, after all, even a small increase in the interest rate can translate into tens of thousands of dollars in extra interest payment over the life of the mortgage, but there’s a lot more to the equation.

To find the best mortgage, you need to pay attention to the terms and conditions; including penalties, hidden costs, and switching to another lender. You also need to find a mortgage product that suits your financial and lifestyle needs, this includes looking at amortization periods, open vs. closed mortgages, fixed versus variable mortgages, and accelerated repayment options.

Here’s What Offers

Canada’s strict lending rules have made it more difficult than ever to qualify for a mortgage. In the not too distant past you could get a mortgage with a 40-year amortization period with zero down. Not anymore; amortization periods have been slashed to 25-years and the minimum down payment for new government-backed mortgages has been raised to 5%.

That’s for those with good credit. Tougher lending rules have made it difficult for those who are self-employed, do not have reliable income, divorced, have bad credit, saddled with debt, have lost a job, owe back taxes, or are non-residents.

That’s where comes in. Big banks need to adhere to strict lending rules which can make it very difficult for Canadian homebuyers to qualify for a mortgage. Independent mortgage brokers on the other hand are not shackled by the same rules and have more freedom and flexibility when it comes to finding you the right loan or financial product.

Our Mortgage Services

  • Mortgage for First-Time Home Buyers
  • Second Mortgages
  • Residential Mortgages
  • Mortgage Refinancing
  • Commercial Mortgage for Businesses
  • Home Equity Line of Credit (HELOC)
  • Mortgages & Tax Arrears
  • Debt Consolidation for Bad Credit
  • Home Equity Loans
  • Mortgages for Those with Bad Credit

Why Should You Choose

If you live in Ottawa and are a first-time home buyer, looking to refinance, consolidate debt, take out a second or even a third mortgage, have bad debt, are self-employed, or been turned down by the big banks, talk to a licensed agent at The mortgage brokers at can get you pre-approved for a mortgage or loan in 24-hours or less.

To see what kind of mortgage or loan you qualify for, contact today or apply online and a mortgage specialist will set up an appointment for a free personal consultation at your earliest convenience.


Apply Online in 60 Seconds & Get Approved Now!

Please note * are required fields

Loan Details

*Purpose of Loan
* Do you currently own a home?    Yes   No

Personal Details

*First Name
*Last Name
*Date of Birth
*Email Address
*Current Address
*Select Province
*Postal Code
*Residential Status
*Home Phone
Cell Phone


Preferred Agent
*Please tell us where you heard about us?

Sign Up for Free Promotions*

Would you like to sign up for FREE newsletters, offers and special promotions from CanadaLend? You may later unsubscribe.


Terms & Conditions

I Agree

We respect your privacy

Please note, if necessary, we may require further information from you to process your application. By clicking "Apply Now" you are consenting to receiving future such e-mails from us with regards to your application.

* Your consent is sought by 675 Cochrane Dr, #104, West Tower, Markham, ON L3R 0B8