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Real Estate
The Real Estate Adviser |
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February 8, 2007
The Real Estate Adviser: U.S. lenders not racing into Canadian market
By TOM KELLY
Special to the Journal
Special to the Journal
While U.S. mortgage lenders are heading south of the border to finance real estate in Mexico and Central America, enthusiasm about the Canadian mortgage market is considerably cooler — even with the 2010 Olympic Games in Vancouver just around the corner.
Retirees and aging baby boomers from the states are drawn to Canada for its wonderful skiing, health care, bargain medicine, terrific sailing and clean air, but the number of second home buyers and older full-time residents has not been as attractive to lenders as the thousands of snowbirds who head south.
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Previous columns:
- The Real Estate Adviser: Legislators, lenders brace for more reverse mortgages, 02-01-2007
- Real Estate Adviser: Borrowers with 100% loans worry Wall Street, 01-25-2007
- The Real Estate Adviser: More fuel on the fire of commission fees, 01-18-2007
- The Real Estate Adviser: Mexico options improve for second-home buyers, 01-11-2007
- What's in, what's out for homes in 2007, 01-04-2007
- The Real Estate Adviser: Taking a look at the 2006 housing scene, 12-28-2006
- The Real Estate Adviser: Our first Christmas in an empty nest, 12-21-2006
- The Real Estate Adviser: Long term housing outlook is still bright, 12-14-2006