If you are a Canadian that has ever had a dream of owning your own home, but your mortgage application was refused by the bank, you may want to consider researching private mortgage lenders. The federal government has implemented new rules for mortgage borrowers, which has increasingly made private mortgages a more popular option among-st home buyers and property investors. It’s quite simple, banks are strict and it’s often hard to get approved.
Home ownership will be fantasy for Canadians with an average income, as wage hikes are unlikely to keep pace with housing marketHow Canada’s housing market will look in 2024: If you’re wealthy, it’s healthy.
If house prices rise from current levels by an average annual rate of 2.5 per cent over the next 10 years, the average Canadian home will cost half a million dollars. By my rough estimate, that would be a realistic purchase only for families with pretax income of at least $125,000 or so. Just for context, the most recent Statistics Canada numbers put the median total family income at $72,240 in 2011.
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Our National Kick Off will be held on Thursday January 23rd!!
Don’t miss this FREE one of kind event with 32 lender/insurer/MAC partner booths, lunch, awards ceremony, games & prizes, and much more!!!
We will connect live with all the different locations so the whole MAC Family can kickoff 2014 TOGETHER!
The experience with AKAL Mortgages Inc. is great!!! I recently got approved for a business loan thought them and the agent that helped me with the process was outstanding. I am impressed with the convenience and very helpful service. I hear their agents on the radio all the time making consumer aware of the options available about mortgages and loans. And, they way they do, touch my heart. So honest and ethical.
My wife and I visited AKAL mortgages Inc. due to their reputation in the market. We were attended in a timely fashion to discuss our mortgage and line of credit needs. We are so glad that we were provided with great options and solutions to choose from. We are very happy and satisfied from the services provided by AKAL mortgages Inc. We definitely recommend their services to our family and friends.
