It’s time to buy now: rates are excellent, 35 year amortization still available, and there’s good inventory levels in all property classes. How does this affect the average home owners and potential buyers?
A new report by the Canadian Association of Accredited Mortgage Professionals stated that many Canadians are now increasingly “conservative in their mortgage choices” leading to less loan defaults. The report also stated that of the people surveyed, over 40,000 mortgages (which totalled $10 billion) last year, 86 per cent of those loans were fixed-rate mortgages, […]
