Welcome to the Hatch Blog, where the experienced mortgage brokers and advisors, at Hatch Online Mortgages, explore the ins and outs of the industry in Canada, especially the key factors that affect the local Ottawa market. We keep a close eye on current trends influencing mortgage rates, rules governing mortgage applications and eligibility, and a whole lot more interesting stuff relating to homeownership in Ottawa. The Hatch Blog is your trusted source for important mortgage developments on a national level, with a local focus. Stay tuned as our latest mortgage insights are hatched on our blog.
Rising mortgage rates over the past year and the new stress test for mortgage applicants, which commenced January 1st, 2018, have had a significant slowdown effect on key areas of the Canadian housing market, especially during the first quarter in Vancouver and (more...)