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Canadian Mortgage Safe

Blog by | December 28th, 2009

Canadian Mortgages Safe
CIBC released a report last week stating that even with mortgage rates being as low as they currently have been, we are no where near ending up in a housing bubble similar to what the US has been experiencing over the course of the past two years. Part of  the reason is because homeowners have larger amounts of equity in their properties. Attached is an articles briefly explaining why that is. http://www.mortgagebrokernews.ca/news/39382/details.aspx

For more information on Okanagan Real Estate please contact:
Alexandra Rebagliati
MacDonald Realty
Associate Broker/Property Manager
Tel: 250.870.2792