Canada Homebuyers Like 35-Year Terms

November 2008
American Banker;11/19/2008, Vol. 173 Issue 224, p13
Trade Publication
The article reports that the Canadian Association of Accredited Mortgage Professionals has found that most Canadians prefer 35 year amortizations rather than the traditional 30 year loans. Jim Murphy, president of the trade group, said he thinks 35 year loans will become the most common form of mortgages because of increased home prices.


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