http://briarpatchmagazine.com Fiercely independent (and often irreverent) news & views. Fri, 21 Nov 2008 05:36:16 +0000 http://wordpress.org/?v=2.5.1 en http://briarpatchmagazine.com/2008/04/29/stretched-buyers-fuel-boom/ http://briarpatchmagazine.com/2008/04/29/stretched-buyers-fuel-boom/#comments Wed, 30 Apr 2008 05:20:19 +0000 dave http://briarpatchmagazine.com/?p=644 Stretched buyers fuel boom in housing: Engine behind the country's housing boom has been increasingly leveraged first-time buyers By Tavia Grant Globe and Mail April 23, 2008 Canada may not have the sizable subprime market of the U.S., but the engine behind the country's housing boom has been increasingly leveraged first-time buyers. Legions of first-timers are adding years of extra mortgage payments so they can buy a house, or putting little or no money into a down payment, a Re/Max survey revealed yesterday. Nearly two-thirds of buyers in major centres now favour extended amortization periods of up to 40 years, while putting little or no money down was prevalent in 38 per cent of regional markets surveyed across Canada.]]> http://briarpatchmagazine.com/2008/04/29/stretched-buyers-fuel-boom/feed/