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Private Mortgage Ottawa

For smaller developers and investors who do not have the means or contacts to obtain conventional financing, this is a time for Private Mortgage Lenders in Ottawa to step up and fill the niche. One such Lender is TempBridge Inc out of Montreal. They have expanded into the Ottawa area and are ready to provide private mortgages to qualified individuals and companies in the Ottawa area. With flexible terms and competitive rates they could be just what is needed at this time. Some private lenders are inflexible when it comes to terms, or take an inordinate amount of time for approval. If you require the services of a private lender do your research. But check out TempBridge for it’s competitiveness.

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Private Mortgage Ottawa

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  1. TempBridge Inc. Private Mortgage Ottawa

  2. Private Mortgage Ottawa

  3. TempBridge Inc. - Private Mortgage Ottawa Recently I wrote an article that began: “Is this a sign that the Ottawa market is about to explode? An article from the Real Estate News Exchange might indicate this:” Well according to an article in The Ottawa Business Journal it has begun: “Ottawa real estate market hits new highs in May. The 2,300 properties sold last month ‘blows the previous record out of the water,’ Ottawa Real Estate Board says. After months of gaining steam, Ottawa’s housing market surged in May as buyers set an all-time record for sales in a single month and average resale prices, new figures from the Ottawa Real Estate Board show. OREB members sold 2,300 residential properties last month, an increase of 19.9 per cent over May 2016. To put that number in further context, the five-year average for May sales is 1,946. OREB president Rick Eisert said in a statement that last month’s sales numbers “(blow) the previous record out of the water by 315 units.”

  4. “One of the reasons for these stellar numbers can be attributed to the condo market, which has really helped strengthen the whole market over the past several months,” Mr. Eisert added. Ottawa’s real estate market currently favours sellers. OREB says listings are down and homes are sitting on the market for fewer days, often attracting multiple offers. Prices, however, remain relatively steady in the eyes of the board. The average resale price in May was $436,625, an all-time high. That’s up from about $435,900 in April and $406,000 in May 2016.

  5. Private Mortgage in Ottawa

  6. The latest real estate sales figures come just ahead of the release of a separate report that shows Ottawa’s business community believes the local housing market will continue to gain strength in the months ahead. The Ottawa Business Growth Survey found that 61 per cent of respondents believed that residential real estate prices will increase over the next 12 months, up from 44 per cent a year earlier. “There is strong demand and less supply,” said Rick Snell, a real estate broker at Royal LePage Performance Realty. “I think the main reasons are low interest rates and confidence in the Ottawa economy.” For investors who do not have the means or contacts to obtain conventional financing, this is a time for Private Mortgage Lenders in Ottawa to step up and fill the niche.  One such Lender is TempBridge Inc out of Montreal.  They have expanded into the Ottawa area and are ready to provide private mortgages to qualified individuals and companies in the Ottawa area. With flexible terms and competitive rates they could be just what is needed at this time. Some private lenders are inflexible when it comes to terms, or take an inordinate amount of time for approval. If you require the services of a private lender do your research. But check out TempBridge for it’s competitiveness.

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