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.
The past year has taken a severe toll on Canadian real estate markets, especially in vital areas such as the GTA. A new mortgage stress test, introduced in January, coupled with steadily rising mortgage rates, have put the brakes on sales volumes (more...)