60 to 70% of Canadians are home owner and no foreclosure crisis
Canada leads the world in financially-sound homeownership. Based on a survey conducted by the Canadian Association of Accredited Mortgage Professionals, Canadians could afford to pay additional $1,000 per month on average on their mortgages if rates went up. Is there something we could learn from them?
Source(s):
Real estate: comparing Canada and the US – The Vancouver Sun