National Household Survey by Statistics Canada was released Wednesday September 11th, confirming what most Canadians already knew. We have a passion for home owning with 70% of us owning our own home. This level of homeownership ranks among the highest in the world.
Data from the Canadian Real Estate Association showed the average sale price of a listed home in Canada this July was $382,272 which is up from $362,304 in 2011. House prices still continue to increase at a comfortable rate over time so it’s no wonder that most Canadians consider our homes the cornerstone of our financial well being.
We are also getting more financially savvy and we have come to realize that mortgages are the most effective way of using debt to finance not only our home but other investments such as rental properties or even mutual funds and stocks. It’s not only the least expensive way to acquire money it also affords us a variety of different options and strategies that can be specifically tailored to almost any circumstance.
This information was provided to me by Sarah Strauss, Mortgage Broker, for Mortgage Alliance, Contact Sarah at 403- 307-2002 or firstname.lastname@example.org, Thank you for sharing Sarah.
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