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Mortgage brokers taking a closer look at who is buying
Date Published: March 30, 2010
Author: Terrence Belford, For Canwest News Service
Article Category: Real Estate Articles

The Bank of Canada warned in late 2009 up to 10 per cent of Canadian homeowners might be in danger of losing their homes when interest rates started to rise from today's historic lows.

Is Canada heading down the same path as our neighbours to the south? Are we looking at a mortgage meltdown somewhere down the road? The answer from mortgage lenders and brokers is short and unequivocal: No.

Read more: http://www.vancouversun.com/business/Mortgage+brokers+taking+closer+look+buying/2742438/story.html

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