What Does Mortgage Default Insurance Cost You?
Under 20% down, you pay a 2.80% to 4.00% premium plus Ontario sales tax. On a $600,000 Ottawa home at minimum down: a $22,600 premium and $1,808 in tax.
How Does a Mortgage Rate Hold Work?
A rate hold keeps your rate for up to 120 days while you shop, and it protects what you qualify for. What it covers, what it doesn’t, and when it expires.
Posted Rate vs Discounted Rate: What’s the Difference?
The posted rate is a lender’s sticker price; the discounted rate sets your payment. On a $500,000 mortgage, the gap was about $335 a month in fall 2026.
What Are Mortgage Conditions, and When Are They Cleared?
Mortgage conditions are what a lender needs before it funds: income, down payment, appraisal, insurance. Clear them before your financing deadline in Ottawa.
What Credit Score Do You Need to Buy a Home in Ottawa?
There’s no single minimum. CMHC needs one borrower at 600+ for an insured mortgage; banks prefer 680+, and 760+ gets the best rates. How to raise yours.
Ottawa Mortgage Pressure Is Rising—and More Buyers Need Help to Qualify
Ontario mortgage stress is rising as more first-time buyers rely on joint borrowing. Here’s what Ottawa buyers and homeowners should know.