Some mortgage terms at less than 3% in the competitive mortgage - TopicsExpress

Some mortgage terms at less than 3% in the competitive mortgage market. Good news for buyers shopping in this springs housing market. This Globe article cites good reasons why Canadian banks still appear confident in the housing market ...The bank CEOs and executives who spoke at the conference cited several reasons for confidence in the housing market: Sales-to-listing ratios aren’t out of whack; federal immigration policies have allowed for record numbers of household formations; unemployment is falling, so homeowners are better able to make their mortgage payments; and there hasn’t been a major uptick in mortgage loan losses at any of the Big Six banks. Its a quick good read. ow.ly/v4Q2y

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