How Recent Policy Changes to Interest Rates, Amortization, and Mortgage Rules Impact Ottawa Homebuyers and Sellers

Higher interest rates and mortgage rules are shaping Ottawa’s real estate market.

Inside the Industry: The Canadian mortgage landscape is rapidly evolving due to recent policy changes in interest rates, amortization length rules, and insured mortgage regulations. These updates will affect both homebuyers and sellers in Ottawa, as well as the overall housing market. Let’s break down these changes and explore how they might shape your decisions in 2024.