Jim Murphy, President and CEO of the
Canadian Association for Accredited Mortgage Professionals, has recently commented on Canada's healthy mortgage market:
Key to the current stability in the mortgage market is the fact that Canadians continue to pay down their mortgage debt faster than they are required and they continue to take out five-year fixed rate mortgages.
Canadians who renew their mortgages are seeing their interest costs reduced, which is boosting their personal financial circumstances and this will continue to be a positive force during the coming year.
