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Housing Starts Remain Stable in November

Housing Starts Remain Stable in November

This is a discussion on Housing Starts Remain Stable in November within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; OTTAWA, Ontario, December 10, 2007 ? The seasonally adjusted annual rate1*of housing starts was 227,900 units in November, essentially unchanged ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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12-11-2007, 05:41 PM

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Housing Starts Remain Stable in November

OTTAWA, Ontario, December 10, 2007 ? The seasonally adjusted annual rate1*of housing starts was 227,900 units in November, essentially unchanged from 227,600 units in October, according to Canada Mortgage and Housing Corporation (CMHC).

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(Source: CanEquity.com)

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housing, november, remain, stable, starts

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