Summary
"It used to be taboo to carry a mortgage -- people wanted to get their mortgage paid off as soon as possible," [Wayne McConnell] says. "That's changed now."
"I felt like I was back in Vancouver," says [Bob], who recently returned to Winnipeg from the coast. "Comparatively it's not on that scale, but when you're born and raised in Winnipeg, you know what $70,000 or $80,000 gets.""I just wanted to maintain my lifestyle," says Bob, who admits he's got the travel bug. "This way I'm not house poor."See the full content of this document
Extract
Mortgages Becoming Easy Money
Longer amortization, zero down rife with pitfalls
TRACY BRYKSA - AROUND THE MARKETWITH the rising cost of houses there is one burning question on many people's minds: Just how can people afford to buy a house? Especially younger people who are just starting out and want to buy their starter house? The high cost of real ...See the full content of this document
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