Real estate blog entries tagged with rental property ownership by Michael Peterson (rentalproperties.ca)

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Home : Blogs : Michael Peterson : Michael Peterson's Blog : Tag "rental property ownership"

rental property ownership: Rental Markets Rise as Home Sales Slump - 10/30/07 01:51 PM

Two years ago, thousands of people rushed to get a piece of the booming housing market. Mortgages were easy to get, even for buyers with little or no credit. Once interest rates shifted however, buyers who received sub prime mortgages were no longer able to make their monthly payments. Now the housing market is being flooded with foreclosures.
Lenders have learned their lesson, and are much stricter with their lending policies. Now, many people who would like to enter the housing market are unable to obtain sufficient financing. This has led to a serious drought in the buyers' pool.
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Michael Peterson

Vancouver, BC

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