The mortgage industry is changing, but it’s strong

by | May 21, 2014 | Mortgages

Reading Time: < 1 minute

Bloomberg Nanos Research recently published a paper stating that “Canadian consumer confidence surged to the highest in more than three years amid rising optimism over the outlook for real estate and the economy.”
The Bank of Canada recently reported that it “continues to see a gradual strengthening in the fundamental drivers of growth and inflation in Canada.”
Despite recent changes by CMHC to restrain growth of taxpayer-backed mortgage insurance, Canadians are still buying homes and taking out mortgages to do so.
What these homebuyers are discovering is that it’s a challenge to keep track of the new changes in policies and qualifications. That’s why it’s important to work with a mortgage professional. At Mortgage Design Group, we’ve spent hours studying the changes so  you don’t have to.
If you’re buying your first home or your tenth, if you want to refinance your home, if you’re self-employed, or if you need a way to consolidate debts, come see us. Every mortgage situation is different, and we can find a solution that works best for you.