Friday, July 16, 2010
Canadian Mortgage Meltdown
There has been a lot of talk about a mortgage meltdown like the US and a major housing bubble.I do not believe this is the case. We are seeing a normal slowdown and price correction in the marketplace as of today. Canada is gaining jobs, inflation is muted and interest rates are going to remain low for an exteneded period.Foreclosures in Canada are at all time low sstill and have not gathered any steam. We need to quit focusing on a bubble, meltdown and start looking at the good things going on in Canada today and for the future.