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Chinese Consumers Dominant Force in Next Decade

Some interesting highlights emerged from the Canadian Association of Accredited Mortgage Professionals (CAAMP) conference in Montreal last week. Senior economist for CIBC World Markets Benjamin Tal pointed to Chinese consumers and those from other emerging markets as driving forces in the future global economy. According to a report by Mortgage Broker News, Tal urged mortgage brokers ...

Housing Bubble Fears Appear Unfounded

A Canada Mortgage and Housing Corporation (CMHC) report shows national housing activity slowing in 2011. However, prices are not predicted to collapse as many homebuyers have feared. Overall, housing starts in Canada will slow to rates more in line with long-term trends. Sales activity - driven by the pent up demand that pushed home sales in Canada to record levels in 2009 ...

Report: Canadians Doing Well at Managing Mortgage Debt

A report by the Canadian Association of Accredited Mortgage Professionals (CAAMP) shows Canadian mortgage holders acting responsibly and even paying down their debts faster than required. The news was released today as part of CAAMP's sixth annual State of the Residential Mortgage Market. It suggests that despite carrying a total outstanding mortgage credit load of more than one ...

Less Than Half of Baby Boomers Have Paid Off Their Mortgages

The influential baby boomer generation is positioned to retire 'en masse' over the next decade. A recent TD Waterhouse survey shows that while three quarters of them think paying off their mortgage before they retire is important, less than half have done so. According to the TD report, about four in five Canadian boomers plan to move to smaller homes, ...
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