Canadians are paying down their debts! Mortgage Market Alive and Well!

By
Mortgage and Lending with Mortgage Intelligence

The Bank of Canada may be thinking about raising interest rates but there’s apparently no need to because Canadians are hunkering down to cool debt obligations on their own.

 

When the Bank of Canada's Mark Carney speaks the public listens.  This is exactly the reason why the canadian detached/semi/rowhouse market will not correct significantly.

 

In fact one of Canada's largest bank is still offering zero down mortgages, and stated income products for the self employed.

 

Have a great day!

 

 

Comments (3)

David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

nice to hear there still is some common sense out in the marketplace.

Enjoy

May 10, 2012 03:52 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I'm am glad to see you have a healthy real estate market.

May 10, 2012 03:54 AM
Sharon Lord
Maracay Homes - Peoria, AZ
New Home Advisor

Kenzie - zero down mortgages and stated income loans....?  WOW, how I miss those options here in the U.S.!

May 10, 2012 04:03 AM