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Ian Watt Personal Real Estate Corporation - Sotheby's International Realty Canada

Blog by Ian Watt

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No more 40 year mortgages for the fry guy at Mcdonalds

Vancouver Condo Real Estate Video Blog #92 - July 11, 2008

No more 40 year mortgages for the fry guy at Mcdonalds

Ian Watt video blogs about the announcement that lending in Canada is getting tougher and the banks are getting smarter, no more 40 year mortgages. If want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs.


Ian Watt: Hi good afternoon it's Ian Watt here. Today in the Vancouver Sun or yesterday in the Vancouver Sun. Pass across the front page is that no 40 year advertisers anymore which is that it's really front page in news. I know newspaper will sell sell more newspapers with this you know this airplane land safely at the airport never make any news. They ant to make some big drama this is not big drama this is good news. You know what it the past three years I've probably had three people with a 40 year mortgage it's really not that comment and we don't need what happen in the United States, we don't need the fry guy for the Mcdonalds. Getting a prove for a million dollar mortgage was zero down. That happen in the States and look where they are now. That's great that the banks tightening up. That's my opinion if you don't like it you can always email me at ianwatt@ianwatt.caThank you very much and have a great day!