Canadians seem to need more exotic mortgages these days to afford a roof over their head. Higher risk (subprime) mortgages have been growing 50% a year in Canada.
Of no coincidence, the Canadian Real Estate Association says the average Canadian home price jumped to a record $311,101 in February 2007, up 10% from 2006.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Join our mailing list to receive the latest news and updates as they happen. Unsubscribe any time.