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Archive for May, 2007

Consumers cautious about mortgage debt

Posted: 2nd May 2007 by Laurin Jeffrey in First Time Buyers, Miscellaneous, Mortgages and Financial Information, Other Real Estate Markets, Toronto Real Estate
Tags: affordable, affordable homes, buy, buyer, buyers, canada, canada mortgage and housing, Canada Mortgage and Housing Corp, Canada Mortgage and Housing Corporation, canadian, canadians, cmhc, condo, condos, consumers, CREA, development, environment, environmental, extra money, financial institutions, financing, first, First-Time Homebuyers, greater toronto, greater toronto area, home, home reno, home renovation, home renovations, homebuyer, homebuyers, homeowners, homeownership, housing, housing agency, housing corp, improvements, increase, interest costs, lender, mortgage, mortgage broker, mortgage brokers, mortgage debt, mortgage industry, mortgage insurance, mortgage insurer, national housing, national housing agency, new, new home, new homes, new homes and condos, percentage point, purchaser, refinance, refinancing, Renovation, renovations, rent, time, toronto, Toronto area
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From New Homes & Condos Magazine Three-quarters of all respondents to the 2006 Mortgage Consumer Survey conducted by Canada Mortgage and Housing Corporation (CMHC) indicated that their goal is to pay off their mortgage as quickly as possible. Moreover, half agreed that, whenever possible, they would use extra money to pay down their mortgage. “This [...]

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