INFOGRAPHICS: Is Canada heading for a sub-prime mortgage crisis?

Not likely, and here’s why

Source: Hannif Highclass c/o Genie Sabre Realty Inc.
Publish: Toronto Real Estate BLOG:/span>

MYTH THAT THE CANADIAN HOUSING MARKET WILL CRASH

It says that Canadians have four protective shields that they can rely on.

• One, we have stricter underwriting standards.
• Two, our legislation is different than the U.S.’s.
• Three, we have less risky product types than they do. And
• Four, we have mortgage-backed securities.

All four of these shields, it finds, will protect us from the crash that many predict. Take a look for yourself. 

So while the housing market might cool, it’s not expected to crash anytime soon. You’re still safe to go ahead with your homeownership plans. If you’re looking for a great interest rate, why not check out the rates currently being offered BY GENIESABRE ~~~ Guaranteed bank rates or better?