Canadian Real Estate Magazine |
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Taking the Private Route
With new, stricter mortgage rules for real estate investors and business-for-self borrowers, securing funds from an institutional lender can be a difficult task. Alta West Mortgage shares insight into the option of private lending and explains how investors can tap into this source of funding...(Read More) |
Prudence will pay off for Canadian homeowners as interest rates rise: Report |
Canadians appear well prepared to face the new phase of the residential mortgage market, where interest rates are rising and house activity is easing off, according to the sixth biannual review of the Canadian mortgage market by the Canadian Association of Accredited Mortgage Professionals released today.
Highlights of the report include: consumer concern about rising rates is offset by increasing home equity; many mortgages were renegotiated at lower rates and amortization periods are declining; many Canadians have used cost savings from low rates to pay more than required, providing flexibility to deal with mortgage rate increases; mortgage debt is a priority the vast majority of Canadians have never missed a payment and; a high percentage of Canadians still believe it is a good time to buy a home.
The report entitled Prudence Paying Off For Canadian Mortgage Borrowers is authored by CAAMP Chief Economist Will Dunning and based on information gathered by Maritz Research Canada in a survey of Canadian consumers conducted in April 2010. Click Here to continue reading. |
