Pre-Qualified, Pre-Approved Mortages Ottawa, Ontario

Should I Buy a House Now?

Thinking of buying a home in today’s economy? While recent predictions on the state of the Canadian housing market are not exactly promising, there is good evidence that now is a good a time as any to start shopping for a home. International economists say that Canadian homes up for sale in the market are overvalued, which can dictate the state of the Canadian housing market in the immediate future. Predictions of Duetsche Bank analysts point to this same conclusion when they say that real estate in the national housing market is higher than the median and higher compared to average rental rates. However, these numbers are not likely to lead the Canadian market to a crash anytime soon. Here’s why.

Higher Chances for a Soft Landing
Instead of a catastrophic real estate crash, experts are expecting a softer landing or one characterized by the gradual lowering of real estate prices and the number of sales, and none of the sudden depreciation and drops in prices that indicate a market crash. One reason why this is likely is because demand is keeping up with supply. Records show that the numbers of newly-built homes and condos being sold are on par with historical averages. Sales are so steady, in fact, that claims of overbuilding, with no demand to counteract the investment in real estate in big cities like Toronto and Vancouver are largely unfounded. If there is one area of concern, it could be that there may be a slight disparity in the kind of real estate properties being put up for sale and properties that buyers are looking for. For example , there is an increasing trend towards the building of one-bedroom condos, when data suggests that more and more families are looking for apartments, condos and homes offering family-friendly accommodation.

What Experts are Saying
Experts will not hesitate to tell anyone with the money to buy right now, just as prices are getting comfortable. If buyers have the money now, there is no need to wait for housing prices to fall. Homeowners can weather lowered real estate prices during this period by putting down the highest down payment they can afford to build equity on the property and to opt for a fixed home mortgage.

At Capital Mortgages in Ottawa we strive to be your personal mortgage broker for life.

Barrhaven Santa Claus Parade

Capital Mortgages is happy to announce it will be participating in this years Barrhaven Santa Claus Parade. We’re looking forward to meeting and greeting as many Barrhaven residence, friends and family on the big day. We look forward to seeing you. Below is all the information and map of the parades route. See you soon!

WHEN
Sunday, November 18th, 2012 – 5:30 P.M.

WHERE
The parade runs down Strandherd Drive, starting at Beatrice Drive and ending at the park n ride, where it turns north for dispersal.

FOOD
You’ll find a variety of local food vendors along the parade route. See our sponsorship section for food vendors.

WASHROOMS
Several portable units will be stationed along the parade route.

CHARITIES

Please remember to bring non perishable food items or cash donations for the needy. We will collect these items along the parade route.

REMEMBER – please pick up after yourselves. We know there are many goodies distributed throughout the parade and Santa and his elves appreciate your help to make the world a cleaner place.

PARADE ROUTE

Welcome to our interactive parade route map.

Barrhaven Santa Claus Parade Map