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CMHC Releases Comprehensive Report on Housing in Canada

This is a discussion on CMHC Releases Comprehensive Report on Housing in Canada within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; OTTAWA, Ontario, November 13, 2008 ? New analysis that tracked how long Canadians living in core housing need* remained in ...


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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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Old 11-14-2008, 09:02 PM
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Default CMHC Releases Comprehensive Report on Housing in Canada
OTTAWA, Ontario, November 13, 2008 ? New analysis that tracked how long Canadians living in core housing need* remained in this situation over a three-year period is unveiled in the 2008 Canadian Housing Observer, released today by Canada Mortgage and Housing Corporation (CMHC)."The 2008 Canadian Housing Observer provides an in-depth picture of housing trends and developments in Canada," ?

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(Source: CanEquity.com)
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