How Do Ottawa First-Time Buyers Use the FHSA in 2026?
Save up to $8,000 a year, $40,000 in total, tax-deductible going in and tax-free coming out for your first home. How the FHSA works for Ottawa buyers.
Should You Take a Variable Rate When It’s Cheaper Than Fixed?
Only if you could still afford the fixed payment. On a $450,000 mortgage, variable at 3.70% starts $206 a month below fixed at 4.54%. How to decide.
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.