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My Rates

6 Months 7.85%
1 Year 5.74%
2 Years 5.44%
3 Years 4.84%
4 Years 4.89%
5 Years 4.54%
7 Years 5.90%
10 Years 5.80%
6 Months Open 9.75%
1 Year Open 8.00%
*Rates subject to change and OAC
AGENT LICENSE ID
12347
BROKERAGE LICENSE ID
12347
Greg Lemoine Mortgage Agent Level 2

Greg Lemoine

Mortgage Agent Level 2


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Address:
610 Bronson Ave, Ottawa, Ontario

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Finding the right mortgage solution to suit your needs can be a daunting task at best. As longstanding mortgage professionals, our team has the expertise and resources to provide you with the most comprehensive mortgage solutions. With over 68 years of combined experience in the financial services industry, we know what customer service is all about, and we strive to ensure that each of our clients’ mortgage plans meets their personal and financial goals. It is this commitment to my clients that lead me to move from one of Canada’s major banks to Capital Home Lending Ottawa, so that I would continue to be able help my clients achieve their home ownership dreams. With access to over 40 mortgage lenders, our team can ensure that our clients get the best, unbiased mortgage plan each and every time. We specialize in home purchase and refinance mortgage planning, so let our experience and expertise work for you. Call or email me today to discover how the right mortgage solution can help you save thousands and put you on the road to financial freedom. The Ottawa Capital Home Lending Team is built on Experience, Education and Exceptional Client Service. Thank you for the opportunity to earn your trust.


BLOG / NEWS Updates

TD: Mortgage Rule Changes to Add Fuel to Canadian Housing Recovery

Report by TD Economics Highlights On December 15th, the federal government will roll out mortgage rule changes that make it easier to purchase a home for those taking out insured mortgages. These measures should offer a lift to Canadian home sales and prices next year. However, their impact will be blunted by an array of factors, including the affordability erosion induced by their implementation. Mitigating the impacts of these policies may be positive from a financial stability perspective, as the measures will likely encourage households to take on more debt at a longer term, and insured borrowers have typically been more prone to bouts of financial stress. The federal government has recently announced two changes to Canadian mortgage rules (effective December 15th, 2024) that will make it easier to qualify for purchasing a home. As the surge in home sales early in 2024 (amid a steep drop in bond yields at the end of last year) and in the spring of 2023 (after the Bank of Canada paused its rate hiking campaign) taught us, Canadian housing market activity can be highly reactive. Yet, we dont think that these measures alone will unleash a housing boom. Instead, theyll likely offer a secondary tailwind to a market thats already gaining decent traction in 2025 on the back of lower borrowing costs and a gradually improving economy (see here). Whats more, the affordability boost offered by these measures will likely also erode as home prices are raised by their implementation, thereby limiting their effectiveness. https://economics.td.com/ca-mortgage-rule-changes

NBC BoC Policy Monitor: No more quarter pounders… Super-size me!

Rate Statement The rate cutting cycle was turned up a notch as the Bank of Canada lowered its target for the overnight rate by 50 basis points to 3.75%, a decision in line with consensus and market expectations. This fourth cut in as many meetings marks a cumulative rate reduction of 125 basis points and brings the policy rate to its lowest point since December 2022. The move also pushes the BoCs policy rate 125 basis points below the Federal Reserves, though an expected November Fed cut would narrow that gap. Meanwhile, balance sheet normalization will continue as expected. Here are some additional highlights from the communique and the opening statement to the press conference: Driving the decision to cut 50 bps was a desire to support economic growth and to keep inflation close to the middle of the 1% to 3% range. As for forward rate guidance, the Bank says, we expect to reduce the policy rate further if the economy evolves broadly in line with our latest forecast. As always, the timing and pace of further cuts, will be guided by incoming information. Despite recent soft data, the Bank still expects relatively solid GDP growth ahead: GDP growth is forecast to strengthen gradually over the projection horizon, supported by lower interest rates. The Bank appears to be looking the strength of the September jobs report, as the statement simply says the labour market remains soft. Still, they note that wage growth remains elevated relative to productivity growth. The Bank highlights that inflation has declined significantly thanks to excess supply in the economy. The breadth of price increases have normalized, as have inflation expectations. Policymakers now expect inflation to remain close to target over the projection horizon, with the upward and downward pressures roughly balancing out. https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/boc-policy-monitor.pdf

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