Canadian Banks Call Truce in Easy Money Mortgage Battle

 Toronto Globe and Mail , February 8, 2012-this article indicates that two Canadian banks have called an end to “the bonanza of dirt-cheap mortgages.” As  rates edge higher, it would seem that with low asking prices, and still very reasonable financing rates of 3.39%, now could be the time to take advantage of the ” Buyer’s market” to secure your piece of real estate. The signs are there that we are approaching a balanced situation where demand meets supply for properties.

Read their article:http://www.theglobeandmail.com/globe-investor/canadian-banks-call-truce-in-easy-money-mortgage-battle/article2331673/

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