Majority of Canadians see Real Estate as a good Long-Term Investment

In its latest report, Mortgage Professionals Canada found that the majority of Canadians consider real estate as a good long-term investment, despite inflamed housing prices and more stringent government measures. According to this year’s edition of MPC’s Annual State of the Residential Mortgage Market, majority of Canadians also viewed mortgage debt as “good debt”. “During the past decade, some commentators have taken a negative outlook of the housing market. Yet, Canadians have consistently shown confidence in residential real estate. These surveys have told us repeatedly that Canadians are happy with the real estate decisions they have made,” MPC president and CEO Paul Taylor said.

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