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Canadians Optimistic about the Housing Market

November 23rd, 2009 No comments

Canadians are confident that home values are increasing and are optimistic about local housing markets, the Canadian Association of Accredited Mortgage Professionals said in a report.

An October survey conducted saw citizens reply with an average score of 6.56 out of 10 when asked if this was a good or bad time to buy a home in their community, said the report, released yesterday.

Citizens are also “highly satisfied” with the terms of their mortgages, it said. For those who renewed or refinanced a mortgage in the past 12 months, the average new rate was 1.12 percentage points lower than the previous one.

With interest rates at a low it is a great time to see if it is worth your while to switch to a new rate.

Source: Carla Wilson, Times Colonist

For any information call Charmaine Idzerda at 1.866.824.8057

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