CAAMP’s recent findings (that 86% of 2009 home buyers chose fixed rates) is being questioned by Scotia Capital economist, Derek Holt.
This is from a recent Macleans article:
Risk assessment should include what happens on the reset, not just what happens during that first 5 years at the ultra-low 4% fixed rate.
And, those lovely 40-year / 0% down mortgages from 2006 are all coming up for renewal in 2011.
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