In case you didn’t see the article yesterday on CBC Seeking the advice of a mortgage professional is becoming more important with each mortgage change that hits the Canadian market. In the past few years we have seen the Government institute guidelines for Lenders that are aimed at slowing the Canadian housing market and reducing… Continue reading If You Aren’t Careful You May Wind Up With A Subprime Mortgage.
As the big banks get choosier about who they’ll lend money to in this hot housing market, Canada’s once-small subprime mortgage industry is quietly booming. The Canadian Real Estate Association released figures Monday showing Canadian home sales rose 2.5 per cent in March, and the average Canadian home sold for $369,677 last month. That was actually a… Continue reading Marcus Talks to CBC and the huffington post about SubPrime Borrowing