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18Oct/09Off

Propped Up Market?

A year ago this week, the plug was pulled on controversial 40-year mortgages as the federal government tightened mortgage rules. The Canadian Association of Accredited Mortgage Professionals estimated that 37% of all new Canadian mortgages taken from the one-year period ending in the fall of 2007 were longer than the standard 25-year amortization period.  And according to [...]
Filed under: 40 year mortgages, calgary housing bubble, Calgary real estate, calgary real estate bubble, Calgary Real Estate Discussion, chmc Comments Off
   

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