This year is almost over and the last few months have been very busy. The mortgage market in Halifax ended 2006 on a high note. Our office expanded to just under 20 brokers in order to keep up with demand. It seem that more and more Nova Scotian's are discovering how by working with a mortgage broker they can save thousands of dollars and have more choice in how their money is used.
Over the last year we have seen many changes in the Canadian Mortgage Industry. Longer amortizations, higher lending ratios, true 100% mortgages, just to name a few. What will 2007 bring? We will likely see lower interest rates, new insurers will be entering the market and with them mortgages will be even easier to get. All in all the choice that will be available to Canadians will continue to grow.
Have a great New Years, I think that 2007 will be fantastic!
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