Ottawa Affordability Shift Stayed Modest

For those of you keeping an eye on Ottawa’s housing affordability, the latest numbers show only a modest change this month. The required qualifying income to buy in Ottawa nudged up by just $20 month-over-month—not a dramatic shift, so buyers aren’t facing a major new hurdle. The central bank’s overnight rate held steady at around 2%, which supports stability for anyone considering a variable-rate mortgage. Fixed-rate options are also available under 4%, and rate holds can secure today’s best pricing for up to 120 days. If you’re planning your next move, it’s worth watching the Bank of Canada’s decision on September 2, as it could influence where rates head next. In times like these, my role is to provide you with clear, honest guidance—so you can make decisions with confidence and as little stress as possible.