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Going Long in Alberta

Calgary The trend to extend continues.  65% of Albertans with less than 20% down are choosing amortizations over 25 years!  Nationwide the average is 55%. 

Even 55% is a big number–and a big surprise to many, given how new long-term amortizations are.  The demand for these products is increasingly insatiable–especially in high-priced markets.

In Alberta’s case we should remember, however, that its economy is forecast to grow 4.5% in 2008.  Canada, as a whole, is slated for “only” 2.5% growth.