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Ottawa Mortgage Brokers

Ottawa is Canada's capital and is the country's fourth largest municipality. With a metropolitan population of over 1.1 million people, Ottawa is also the second largest city in Ontario. It is located in the Ottawa Valley on the banks of the Ottawa River, a major waterway that forms the boundary between Ontario and Quebec.

Across the Ottawa River, which forms the border between Ontario and Quebec, lies the city of Gatineau. Although technically they are two separate cities in two separate provinces, Ottawa and Gatineau collectively make up the National Capital Region, which is considered a single metropolitan area.

Climate

Ottawa has a humid continental climate, with a temperature range of over 37 degrees (record high) in the summer to minus 39 degrees (record low) in the winter. This extreme range in temperature is quite unique when compared with capital cities from around the world, with only 2 others having a colder average January temperature (Ulaanbaatar, Mongolia and Astana, Kazakhstan ). Ottawa does have warm summers and with the humidity which is very common can actually get quite hot with temperatures in the 40's on the humidex. The average daily high in July is 27 degrees but again depending on the humidity can vary from comfortable to very uncomfortable.

As with many places in Canada, spring and fall are quite variable. One day in April can bring temperatures in the 30's and the next can bring snow. Living in Ottawa definitely requires a large wardrobe for the different seasons, which you can experience all in one week.

Industry

Obviously it goes without saying the biggest industry in Ottawa is the Government of Canada. It is the biggest employer in the region and likely will be for the foreseeable future. The next biggest industry is the high tech industry, which has led to Ottawa being known as "Silicon Valley North".

What our Ottawa mortgage brokers are saying:

Ottawa is a great city to live and even a better city to be mortgage broker! There is such a great range of mortgage options for first time buyers right up to those looking for executive homes. Unlike some of the other major cities in Canada, first time buyers can still get into a single detached home at a reasonable price. With Ottawa's lowest mortgage rates financing their homes, buyers are keeping their mortgage payments down and their quality of life up! Compare mortgage rates here to see how much Verico Mortgage Options Ltd. can save you on your mortgage.

Verico Mortgage Options Ltd. offers:

-Ottawa's best mortgage rates

-the best selection of mortgage products in Ottawa

-the best Ottawa mortgage brokers

Call one of our Ottawa mortgage brokers today to compare what your bank is offering you to the best mortgage rates in Ottawa through Verico Mortgage!

Mortgage Brokers

Call one of our Ottawa Mortgage Brokers today, or apply online for a Free Pre-Approval today.

More Mortgage Information

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Current
Mortgage Rates
Term Rate 'It Pays' Promo
Variable 1.85 1.80
1 Year 2.60 2.55
2 Year 2.90 2.85
3 Year 3.24 3.19
4 Year 3.64 3.59
Hybrid 2.94 2.94
5 Year 3.74 3.69
10 Year 5.10 5.05
Zero Down 5.34 5.29

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