Ottawa Mortgages, Refinancing & Renewals

Review your mortgage alongside your property plans with Ian Charlebois and the CHARLEBOIS team. Whether you are staying in your home, approaching renewal, buying, or planning a sale, start with the numbers and the timing.

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Estimate payments using a Canadian mortgage calculator

Payment estimates depend on the mortgage amount, interest rate, amortization, and payment frequency. They are a starting point, not a lender approval or a quote.

Use the Financial Consumer Agency of Canada mortgage calculator, then review the result with your mortgage professional. Ask which fees, insurance costs, taxes, and other expenses are outside the estimate.

Refinancing or renewing an Ottawa mortgage?

If you are staying in your home, begin with your current balance, renewal date, monthly budget, and reason for making a change. Compare the overall cost of the options, including any fees and prepayment penalties.

Read our Ottawa mortgage refinancing guide or request a renewal review.

What happens during a mortgage review?

1. Discuss your goal. Explain the property, your timeline, and whether you are buying, refinancing, or renewing.
2. Review the documents. Your mortgage professional will explain the income, debt, property, and other information needed.
3. Compare suitable options. Review payments, conditions, costs, and next steps before proceeding.

Use the initial inquiry form for contact details and a brief description. Arrange a secure document-submission method with the team.

Look beyond the mortgage payment

Your budget should account for property taxes, heating, insurance, maintenance, condominium fees where applicable, and other debts. Lender qualification and what feels affordable for your household are separate questions.

A mortgage professional can explain the qualification rules that apply to your situation. Avoid relying on a single debt-ratio percentage or an online estimate as proof of approval.

Buying a home in Ottawa

Discuss financing before committing to a purchase. A pre-approval can help you plan, but final financing may still depend on the property, lender review, and the terms of your application.

Bring your intended price range, down-payment plan, and moving timeline to the conversation. If you also need to sell, connect the financing discussion with your Ottawa selling plan.

Down-payment and RRSP planning

Mortgage insurance requirements, minimum down payments, and available programs depend on the purchase and your circumstances. Confirm the current requirements before making an offer or withdrawing savings.

The Home Buyers’ Plan may allow eligible buyers to withdraw from an RRSP toward a qualifying home. Check the Canada Revenue Agency’s current eligibility, withdrawal limit, and repayment rules rather than relying on an old program summary.

Read the current CRA Home Buyers’ Plan guidance.

Before you commit

Review the lender’s written terms, all applicable costs, outstanding conditions, and the closing timeline. Ask questions before signing, and confirm how changes to your income, debt, or property plans could affect the application.

For independent information, read the Financial Consumer Agency of Canada’s guides to renewing a mortgage and prepayment penalties.