For the first time in almost three years, the Bank of Canada’s minimum mortgage qualifying rate has dropped to 5.19% from 5.34%. The central bank’s new rate has a slight effect on the mortgage stress test for those with uninsured mortgages.
Surface is celebrating 10 years of creating award-winning residential spaces that people love and are excited to come home to. Since the company started in 2009, we've evolved from designing unique custom homes for individual clients to becoming one of Ottawas most sought after condominium developers.
Build Canada Magazine is a national publication that spotlights the Canadian construction industry. From Vancouver to St. John’s, and everywhere in between, Build Canada Magazine shines an engaging light on companies with big stories to tell. Each issue, features top executives and profiles successful and ambitious companies within the residential, commercial, industrial, and civil sectors.
Further details have just been released about the First Time Home Buyer Incentive program that was initially announced during the last federal budget. The initiative could see Canada's housing agency contribute up to 10% of the purchase price of a buyer's first home.
CBC News just released an article stating Canadian homebuyers are being offered some of the lowest mortgage rates seen in years as lenders battle for borrowers business. Rates on a standard five-year fixed-rate mortgage have fallen to their lowest level in two years, according to rate comparison website, Ratehub.ca.
The layout of your condo, the features you want, the finishes, colours and materials are all very personal decisions that are unique to you. What's important to you may not be important to someone else. We choose the clothes we wear, the decor on our walls and even the cases on our phones. Why settle for a space designed for the masses when you have the opportunity to create something exactly how you want it?
In the hunt for a perfect home, there are a variety of reasons why many people decide to purchase a new or pre-construction condo. Some may be drawn to the ease of incrementally paying the deposit, while others want to be the first person to live in a home, picking their finishes and customizing the layout. Many still are drawn to the benefit of their home rising in value while it's being built.
Who's excited for Spring? We certainly are. Getting outside and enjoying some warmer weather is on most of our minds. For those of you thinking of moving to Wellington West Lofts or Hintonburg in general, this could be a perfect time to soak in some sun and explore your potential new neighbourhood.
It's no secret, Wellington West is a walkers paradise ( 96 walk score feels like an understatement ). The area is also becoming a popular destination for cyclists as well. Whether it be for commuting, running errands or pure pleasure Wellington West, Westboro and The Ottawa River Parkway are all perfect areas to roll around on two wheels.
