Residential mortgage consumers remain remarkably positive as they weather the financial storm, according to a report released today by the Canadian Association of Accredited Mortgage Professionals (CAAMP). Attitudes towards local conditions have shifted only slightly with 38 per cent of Canadians believing now is a good time to purchase and 32 per cent believing it is a bad time. Mortgage arrears remain low and steady at 0.28 per cent and an overwhelming 84 per cent of home owners are satisfied with their mortgages. The information was gathered by Maritz from an online survey of over 2,000 Canadians in mid-October and analyzed in conjunction with CAAMP Chief Economist Will Dunning.

Opening paragraph from today's press release

 
 

Banks

Canada’s major banks are solid and solvent. They don’t need help to work through their subprime exposure because they didn't travel down the road of foolish and reckless subprime lending to Canadian homeowners that couldn't afford the home they were being enticed to purchase.

We think you too might find this article from MBN Mortgages very interesting.

With Canadian real estate being in a much different position than that of our neighbors to the south and with the financial markets (of which Mutual Funds invest) in peril and uncertainty... we think it's the most opportune time to invest in smart and responsible Canadian Real Estate Mortgages. Contact us for me details.

 
 

Canada’s national newspaper - The National Post - ran this article on Tuesday November 4th in the Financial Post section.  Perhaps you read it too and found yourself asking, “what should I do if mutual funds aren’t the most effective place for my RSP investments?”

If this thought crossed your mind, you’ll want to learn more about AltaPacific Mortgage Investment Co.

Please don’t hesitate to call or email us for more details on investing in Real Estate mortgages.