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If you are considering investing with other people be very careful or this can lead to a lot of problems espe- cially if you have never been involved with them before in business or invest- ment ventures. And finally, choose your tenants with great care. It's advisable to obtain the maxi- mum financing so as to keep your downpayment as low as possible. The smaller the downpayment the greater the return on your investment down the road. Take your time and get one who is reliable and honest. With the agent's help, once you ftrtd a property you like you'll need to draft up an offer to purchase. The agent will do this. This offer should always be conditional on obtaining financing - unless the vendor is providing it and has made a firm commitment. The offer should also be conditional on a favorable engineering report from a registered building inspector. (They're in the book). This inspection is critical, especially for older build- ings. And if the inspection reveals seri- ous flaws, then unless you're a builder or developer yourself, it's best to walk away from it. (Continued from page 8) Pick reliable, honest agent This issue of Mortgage Market Trends also reports on a CMHC funded research study on mortgage holdings by young Canadian households during the mid-eighties. According to the study. In another article, issues of NHA Mortgage-Backed Securities remained high during the first quarter of 1993 totalling 118 new pools for a value of $1,912 million in comparison with 128 new pools totalling $2,057 million in the fourth quarter of 1992. Lenders continue to rely on the NHA Mortgage- Backed Securities Program to raise funds for mortgage lending purposes as these instruments remain a relatively inexpensive source of funds. "mortgage lending activity should pick up with the return of Spring and a bet- ter economy in coming months." Mortgage credit growth slowed sharply to 1.6 per cent during the first quarter of 1993, according to Mortgage Market Trends, a report released by Canada Mortgage and Housing Corporation. This is the slowest growth since the level of 1.7 per cent was post- ed in the fourth quarter of 1990. The total value of outstanding residential mortgage reached $291 billion. First quarter results reflect: "low activity in housing markets due to the exceptionally harsh winter especially in Atlantic and Central Canada." said Marc Pellerin, CMHC's Capital Markets Economist. Pellerin added. Mortgage credit growth slows sharply ntpneering report from building inspector. book). This inspection cially for older build- lion reveals scri- you'rc a builder it's best to walk i $449,” ,â€" Countrywlde Town Centre Realty Inc !ipaeNrte-ipasur- 1hestiaateiaketrrxeexariAn mam 'ea"hst-tteieymsheasteo, 'sgte,ttt,e.ge,,,T,',',2t scum my mammal: '/',lrhW22ht,'ltrstg Gunman . imam er0termAsrmrtrhsortetetriai. Wfl/y‘fl/rwwflm‘flw.”fl”#27:””flflflfl/rflfl/y‘flfifl'fl/rfl'flwxffiflfifl CumghstthetNtersore-s-es t&mnntorttesesstttmtqrtaramsme mawxsnrmsmwc mammmnma " 1a,900 households in this group tended to contract larger mortgage loans than necessary to acquire their principal residence. The amount contracted for nonhousing purposes mainly served to acquire or keep personal business assets, secondary homes, or rental units for investment purposes. $l%.900 $tei,900 Believe in. . . SERVICE If C ', (il: Eta . "ll,"'),)).:,:,.:.,,,,, Tti'_lf'sl,:i.itj HARVEY Just call Countrywide. 630 338-6550 lllllii 1m Illllllll Oakvrlllc Town Centre I mommmmm -y.f%rgartaoe.iarBet-s, camtmtta2Narxspius-alrratms WWW.” 1eirxam- out ”Aummam Li I iiiit .AKNSdmrMttTNs6tseixvntsrte "bitdLd+eexaghrtttqmgN 'ermNrta-rtttarmttao Quinn-nodal!) Wyn-“COM j,tl'1't,Tg,t2tt'e'egttea"' ”tummy $599,000 fa309so'r-fio00rnAuutarusers mmmMm 'r"naayamftxhqteymx19it, mmmmm 6206,000 -e.t Another article features a compari- son of the Canadian and U.S. Mortgage-Backed Securities market. In Canada, NHA Mortgage-Backed Mortgage debt devoted to these non- housing purposes represented nearly 40 per cent of the total residential mortgage credit of the group. $179,900; siaa,9otiT11i2 280 North Service Road West Oakvllle. Ontario. L6M 2S2 [ARROW MT ”Maximum 'l"'?') "'Cr-'rill ' a F 5186:9661 WNMWJW Petsrmtrt&x"rrtmmnt- kteNrxpnrary.r:mtre-ttti-r t"mer-ruzzLt6mteseert 2esuat'eexat"xt'satsetr- mamduimhlghnrm. mmwmmc ""3tnest"ty3ptee_rtetter. MtbdSMt mammary.“ mum mm "'dl'll'J'gh'Wr1rlt'Jrrd= "rtnr=harrAAxxxtkxxs3a.asatk $289,900 $209,ooo L Securities introduced in 1987 have been expanding rapidly to account for 4 per cent of the total residential mort- gage debt at the end of 1992. In the U.S., the market is larger as it was first introduced in 1970. It accounted for 40.9 per cent of the total residential mortgage credit at the end of 1992. bp SD Q)