Mortgages Made Easy Blog

Our brokers post interesting news, tips, and industry updates every week.

Canada’s new Mortgage Rules: A message to First Time Home Buyers 

New mortgage rules

Canada’s new mortgage rules came into effect this week. The bottom line is that they make it more difficult for anyone seeking a new mortgage, trying to buy a rental property, looking to transfer a mortgage or seeking to renew an existing mortgage.


Unfortunately, first time homebuyers will likely be hit hardest by what I describe as a crazy knee-jerk reaction by many lenders.

Some lenders have actually said things like “for now, we aren’t lending to anyone trying to buy rental properties” or “we won’t be doing any pre-approvals for home buyers!” This is a ridiculous response, but you don’t need to panic. Seriously, and here’s why:

Ottawa Carleton Mortgages has been a mortgage leader since 1989, back when rates were heading north in double digits! We’ve seen it all and we’ve solved the puzzle for thousands of clients for more than a quarter century.

We work directly with more than 30 mortgage sources for two reasons: We like having options, and our client is you, not them. So, we like them competing for the privilege of earning your business.

We are completely up to date and we can get you the answers you need fast. Often it’s right over the phone after you fill out our secure, completely confidential “no obligation” quick-form here [insert link here] on our website.

We’ll give you options & choices for what works for you & your family – not the lender. And don’t get frustrated if you have been told you don’t qualify for a mortgage by some lender or broker. Let us see if our network of lenders can help you meet your goals.

Now more than ever you need to protect yourself and your family. The best way to protect yourself is to arm yourself with the best information, and I guarantee you that when it comes to cracking the code on the new mortgage rules and getting you into the best mortgage possible for your situation, Ottawa Carleton Mortgages is without peers.

We take your success very personally. Now think about that.

Looking for a mortgage? Wondering if you qualify? Interested in refinancing? Our secure and completely confidential “no obligation” quick-form can give you answers, fast. Find it here.

It’s a Great Day to Refinance
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  • Ottawa-Carleton Mortgage Inc
    381 Richmond Road Ottawa,
    Ontario K2A 0E7
  • Phone: 613-563-3447
    (24 hours)
  • Fax: 613-563-3195

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