Housing market confidence builds
By Mario Toneguzzi
By Mario Toneguzzi
Herald News Services
Calgary Herald
November 18, 2009
Canadians are emerging from the recession confident their homes' value is rising and optimistic about their local housing markets, says a new report.
The Canadian mortgage market is also rebounding and will surpass the $1-trillion mark in 2010, says the Canadian Association of Accredited Mortgage Professionals.
The association said the survey, conducted by maritz research canada in October, indicated the majority of those surveyed (40 per cent), expect house prices to go up, more than double the opinion of those surveyed in the spring (18 per cent).
"Mortgage consumers have been busy and have effectively capitalized on low interest rates to shop and renegotiate," said Jim Murphy, president and CEO of the organization
The Canadian mortgage market is also rebounding and will surpass the $1-trillion mark in 2010, says the Canadian Association of Accredited Mortgage Professionals.
The association said the survey, conducted by maritz research canada in October, indicated the majority of those surveyed (40 per cent), expect house prices to go up, more than double the opinion of those surveyed in the spring (18 per cent).
"Mortgage consumers have been busy and have effectively capitalized on low interest rates to shop and renegotiate," said Jim Murphy, president and CEO of the organization
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