Canadian Home Buyers Savvy and Optimistic

Header_14_2Canada Mortgage and Housing Corporation (CMHC) released the results of a survey that they conducted on consumer mortgages.  They indicate that 90 percent of the people who bought homes recently believe that home ownership is a good long-term investment and that almost 70 percent of them think that now is a good time to buy.

CMHC says:

Given the current economy, this study indicates that Canadians continue to be optimistic about home ownership and are astute mortgage consumers,” said Francois Blouin, Director, Insurance Products and Strategic Direction, CMHC. “Our results reaffirm what we have seen in previous surveys—when it comes to their mortgages, Canadians are informed and manage their debt prudently.”

For the complete press release, check this out.

The area home buyers seem to agree.  With sales continuing briskly in July, the housing market continues to defy the economic odds.

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