The Canadian Association of Accredited Mortgage Professionals has released its Annual State of the Residential Mortgage Market in Canada report for 2012.
Everyone who knows somebody contributing to the commercial mortgage sector needs to thank that person for contributing to the Canadian economy.
It’s likely that everybody – homeowners, potential homeowners, first-time buyers, people who know people with homes, Canadians in general – wants the best for the mortgage industry.
The new rules governing Canadian home loans might be putting a serious crimp in some peoples’ housing plans, but for wealthier homebuyers, they haven’t even caused a wrinkle.
After what seems like years of increasing home sales and low mortgage rates, could it be that the Canadian housing market is finally slowing down?
As the American economy continues its climb out of recession, more Canadian financial experts are gaining confidence in their southern neighbors. Still, any slips stateside could carry significant consequences for Canada.