This week's article on MSN Finance highlights a recent survey by the Canadian Association of Accredited Mortgage Professionals where 56 percent of respondents who took out larger mortgages said they used the money for debt consolidation and repayment while 30 percent went towards home repair and renovations.

read our complete blog post on this news.

 
 

This week's budget laid out by the Canadian Federal government included many incentives to Canadian homeowners

Read the full article here

Summary of the budget is here

The full budget page is here

We blogged about it as well - click here

 
 

Institutional investors are looking to take advantage of depressed housing prices and the rebound that could follow south of the border. Scott Minerd, of Guggenheim Partners; Len Blum, of Westwood Capital; and CNBC’s Diana Olick discuss in the following video on CNBC.

 
 

We will be posting regular updates on our Canadian mortgage blog in order to keep AltaPacific current and potential investors up to date on recent mortgages the company has funded.  See the latest here

 
 

The following news was published yesterday (January 5, 2009) in many sources across Canada.  This Financial Post article speaks directly to the Canadian housing market and how it compares to the current conditions of the U.S.

Visit AltaPacific's Canadian Mortgage blog for commentary about this recent news and learn how you can invest in Canadian mortgages for healthy investment returns of your RSP or private placement funds.