Yesterday’s news from the Canadian mortgage industry is most interesting.  Some of the highlights include.

- Canadian mortgage products and lending arrangements are safer than those in the U.S.
- Mortgage arrears in the U.S. are 6.5 times higher than in Canada
- President and CEO of the Canadian Association of Accredited Mortgage Professionals believes the "most likely outcome" is for global markets and credit conditions in Canada to gradually improve even though he feels 2009 will be difficult
- Canadian real estate market is slowing, but we have different products, we are in better shape, credit is available, and interest rates are low.
- The percentage of Canadian mortgages in arrears is at historical lows (September 2008 was 0.29 per cent, or 11,362 of about 3.9 million mortgages in the country)
- American lenders rely much more heavily on securitization - which means the loans are packaged with other financial products and sold off to banks, insurance companies or private investors.
- In Canada, the banks and other home loan lenders tend to hold the mortgages they originate.

At AltaPacific we believe that investing in mortgages, even in times of economic uncertainty, is an effective way to diversify your investment portfolio.  While it sounds self promoting we think you should talk with us and learn about our experience and poise in the mortgage market.  The principals in AltaPacific are committed and experienced in the western Canadian real estate and mortgage industry.

If you’re contemplating the option of investing in Mortgages we invite you to speak with us.  Place a portion of your RSP investments, or private placement funds, into our mortgage pool to diversify your portfolio. Some of your questions might be answers on our Questions and Answers page on www.altapacificmortgages.com website.

Not just in Canada, but around the world the performance of mutual funds, stocks and bonds are puzzling, unpredictable and more than anything frustrating to investors. At AltaPacific we like real estate because it’s something we can all touch; we can see it, we can drive by it... we can understand it.

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