BMO has piqued the interest of mortgage consumers and the mortgage industry in general this morning by announcing a 2 week special rate of 2.99% on a 5 year fixed mortgage. Like any mortgage product offered by any lender, this offering will meet the needs of certain clients but certainly not all. What you need to know about BMO’s 2.99% 5 year fixed rate offer...
- The Scoop On Mortgages
- "Empowering clients to make sound mortgage and financial decisions through education"
Friday, January 13, 2012
Thursday, January 12, 2012
Aging population helping shape future housing market - CMHC
The Canadian Mortgage and Housing Corporation’s latest study on housing trends predicts that an aging Canadian population will help continue to drive demand for condominiums and smaller homes, institutional buildings such as old age facilities, as well as a lively market for renovators.
The oldest of the baby boomer generation are now entering their retirement years and by 2036, seniors will represent about one quarter of the total population in Canada. That will mean an increase in older households and more headed by single seniors, who will demand a different kind of residence from the two-story detached home they raised families in.
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