Mortgage News
The Real Estate and Mortgage Show - November 23
Join Steve, Frank and Paul for another information-packed Podcast. This week, the guys share real estate and mortgage stats.
Published
On this week's episode of the Real Estate and Mortgage Show, Frank Napolitano and Paul Rushforth join host Steve Gregory to talk about all things related to the Canadian housing market. This week, the trio discuss mortgage rates, the best upgrades for selling your home, and debt consolidation.
Some interesting statistics from this week's show, courtesy of Ottawa Mortgage Broker Frank Napolitano:
- 82% of Canadians who signed a mortgage this year took a fixed rate.
- 38% of Canadian borrowers increased their mortgage payments, either by increasing the amount, the frequency, or making lump sum payments.
- 80% of Canadians surveyed believe their mortgage is "good debt", and that same 80% said that home ownership is a positive investment.