According to CMHC ( Canada Mortgage and Housing Corporation) in the fourth quarter of 2006 , it looks like the trend for mortgage rates is they have moved slightly lower and looks like they will remain near current levels for the balance of 2006 and into 2007. They are expected to edge higher in the second half of 2007. They also state that mortgage carrying costs will still be increasing due to the rising house prices. This could slow demand for home ownership, especially for the first time buyers.
Source: CMHC
posted by Helen Gambling @ 3:49 p.m.
2 comments
2 Comments:
Great stuff. I can’t stand it when we see real estate again with only 1 generic picture in MLS and they wonder why their property isn’t being showed
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I appreciate this post. Very interesting Real estate blog. Hope it will always be alive! Thanks for this
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