Ottawa and Oshawa Market Update

2019 is here and it’s the time to make your homeownership dreams come true. If you have been on the fence about buying your first home, there is no better time to do so than right now. This time of year means that Ottawa and Oshawa mortgage rates are at an all-time low. Mortgage professionals are expecting these rates to rise in the spring and summer, so schedule an appointment with a broker now so you benefit from these current low rates.

To help you get started, your local broker with The Mortgage Emporium has listed the most current market update for the Ottawa and Oshawa region.


Ottawa Market Update

In reference to, the current average sold price for all property types in Ottawa is $515,000. According to the housing rates of the previous month, the current average price has massively increased by 160.4% and has increased by 30.4% since January 2018.

Prices are only expected to continue to rise throughout the year so it would be in your best interest, financially, to schedule an appointment with your Oshawa mortgage broker now before these rates become too expensive.

Houses are selling at a fast rate and the selling to listing ratio is at 100%, this makes Oshawa an excellent place to settle down and become a homeowner.


Oshawa Market Update

The current average sold price for a home in Oshawa is $476,000 according to This price is a 7.6% decrease since December 2018 and is a 2.8% decrease since January 2018. This current decrease in price is an excellent opportunity for those looking for an Oshawa mortgage.

As mentioned previously, experts are predicting that housing rates are going to get more expensive in the next few months, so take advantage of these current low prices and schedule a meeting with your broker today.

The housing inventory for Oshawa currently has about 293 listings. There were 117 homes sold within the last year, homes spend an average of 32 days on the market and the selling to listing ratio is 98%. Oshawa has a thriving residential market and would, therefore, be a wonderful place to purchase your dream home.


Contact Us

For more information about the current market trends for Oshawa and Ottawa or to get started on your home loan application, please contact your Ottawa and Oshawa mortgage broker with The Mortgage Emporium at 888-421-9330.

Oshawa Mortgage Broker – 5 Things Your Broker Wishes You Knew

As an Oshawa mortgage broker, I continue to dedicate my time to educating my clients as I help them find the perfect mortgage for their home financing needs.

Throughout my years in the mortgage industry, I have learned that while a lot of people research different home financing options before they meet with a mortgage broker, there are often a few things that are missed during this research that their mortgage broker wishes they knew.

If you are looking to purchase a home in the near future, take a look at the list below to find out what your mortgage broker will wish you knew before you got started with the mortgage process!

_ Always call your mortgage broker first! An excellent mortgage broker will want to be there to guide you through the entire process and will want to be kept in the loop on all matters that concern your finances and thoughts about the home-buying process.

_ Educate yourself on down payment requirements. Whether this means asking your mortgage broker right out of the gate or doing your own research beforehand, don’t wait until the last minute to find out your down payment funds can’t be used because they don’t follow financial regulations.

_ Find and hold onto ALL documentation. If you know you will be purchasing a home, do not discard any important documentation. Your mortgage broker will be able to provide you with a list of what they will need in advance, but it is better to be safe than sorry. Holding on to important paperwork will make things much easier as you progress through the process.

_ Don’t make any drastic or sudden changes. Don’t quit your job. Don’t buy a car. In some cases, even purchasing larger items you plan to use in your new home can mean the difference between getting approved or denied for your mortgage.

_ Mortgage brokers can’t do everything. While mortgage brokers are home financing superheroes most of the time, there are a few things we are not able to do. Mortgage brokers cannot approve your mortgage or determine the loan amount you will receive. It is, however, our job to work with top-rated mortgage lenders to ensure that you are getting the best options for these things.

If you are looking to purchase a home in the near future, it is also important for you to know that as an Oshawa mortgage broker, you will always be my top priority. Give me a call today to find out more about the mortgage process or to get your loan application started today!