Monday, June 13, 2005

Real Estate Bubble In Canada?

Been speaking to a few mortagage brokers these days, it seems there is an increasing number of people falling behind on their mortgage payments.

What they are seeing is that people who have "traded up" by using the appreciated equity in their homes to purchase more expensive homes, with LARGER mortgages, are having trouble handling the larger monthly payments - and this in a low interest rate environment.

Is this a harbinger for bad times a head?


Post a Comment

Links to this post:

Create a Link

<< Home

 View My Public Stats on