It’s tulip season again in the Capital! The Canadian Tulip Festival kicks off May 9th in Ottawa and will continue until the 19th. Every year, local residents and visitors alike look forward to North America’s largest Tulip Festival, a tradition originating from the Dutch Royal Family’s gift of tulips for Canada’s role in spearheading the […]
Tag Archives: canada
Spring Is Here: Is Your Ottawa Home Ready to Sell?
Video: Canadian First Time Home Buyer Guide
If you are new to Canada, or new to home buying, it is very important to understand the steps that one must go through to purchase a home in Canada. The following video will give you very informative, but basic, information about the following topics: 1) Application Process 2) Pre-approval and Approval 3) Types of […]
Understanding the New Mortgage Rules
The new rules being enforced by the Canadian government is basically to protect the nation’s citizens from getting into the same bubble-bursting situation that the Unites States has been and is currently dealing with. Interest rates are at an all-time low, and as a result, people are buying homes with very little down. While this […]
Minister of Finance Limits Mortgage Rules
While industry experts and housing reports have issued warning about household debt levels and the possibility of an impending housing bubble, Finance Minister, Jim Flaherty, stated that the federal government was making changes to make securing a mortgage more difficult. The rule tightening will require all borrowers to meet strict qualifications for a five-year fixed-rate […]
Housing Starts Enjoy New Boost
Housing starts in the nation’s capital have increased in leaps and bounds within the last 6 months. New construction activity has been popping up everywhere, and the numbers don’t seem to be slowing down. The Canada Mortgage and Housing Corporation (CMHC) reported that this November was the first time that housing starts showed a significant […]
Moving to Canada? Learn About Different Home Types
Canada is a popular place for relocation with over a million immigrants coming to settle here over the past decade. Luckily, Canada has wonderful programs to help new residents get started in their new home, such as ScotiaBank’s StartRight Program. OttawaMove has put together some information on different types of houses found in Canada, as […]
Canadian Housing Prices Slightly Down
According to Statistics Canada data that was released last week, housing prices in Canada rose only 0.1 percent in August, which is less than housing experts expected. Since the July increase of 0.3 percent, analysts were predicting a healthier August, forecasting a 0.2 percent rise in prices. Millan Mulraine, a TD Securities economics strategist, said, […]
Ontario Homeowners Receive Grants for Energy Upgrades
The Canadian government has been giving grants away to homes that qualify for energy renovations. However, there are several essential steps that home owners must go through before qualifying. Ottawa Move has compiled all the information below to make the process easier to understand. What is an Energy Audit? An Energy Audit is basically a […]
Purchasing a Home in Canada
The home buying process is different in every country. Some regions, gaining access to real estate is rather tricky, and other areas it can straightforward and trouble-free. Newcomers to Canada may find that both of these hold true, but having the right information and tools at their disposal can greatly facilitate the home buying process. […]