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.
On October 24th, the Bank of Canada raised its overnight benchmark rate by another quarter point to 1.75 per cent, the fifth such increase since the summer of 2017, which is having an immediate impact on any type of consumer debt pegged (more...)