Ottawa Affordability Shift Stayed Modest

Ottawa's latest affordability numbers show only a slight shift—required qualifying income edged up by just $20 month-over-month, pointing to stability rather than a dramatic change for local buyers. For those considering variable-rate mortgages, the central bank’s overnight rate held steady near 2%, offering a reassuring level of consistency. Meanwhile, discounted fixed-rate options remained available below 4%, with the opportunity to secure today’s lowest rates for up to 120 days. As someone focused on clarity and long-term planning, I know how important it is to track these subtle market movements. The next central bank update on September 2 will be one to watch, as it may influence both variable and fixed mortgage rates in the months ahead. My commitment is to help clients navigate these details with confidence and a clear strategy.