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Mortgage credit expected to grow esidential mortgage credit is R expected to grow by 8 to 9% in 1994 compared to 5.4% in 1993 reports the firstâ€"quarter Mortgage Market Trends, released today by Canada Mortgage and Housing Corporation. The extent of mortgage credit growth is tied to housing market activity. "This year‘s expansion is based on expected stronger new construction and resale market activity, combined with rising prices in both markets," said Marc Pellerin, CMHC‘s capital Market Economist. "But, job uncertainty will prevent the housing market from booming in spite of very low interest rates," Pellerin added. : Mortgage Trends: Where do Canada‘s major lenders see mortgage markets heading in 19947? The consensus view of La Confédération des caissés populaires et d‘économie Desjardins du Québec, Canada Trust, Scotia Bank and the Bank of Montreal Mortgage Corporation is that mortgage lending activity should improve in 1994, albeit at a slow pace. Mortgage Debt: Although Canadians have seen their mortgage debt load rise steadily throughout the 1990‘s, tumbling interest rates have made the burden easier to bear. Residential mortgage debt stood at 67.5 per cent of total "This year‘s expansion is based on expected stronger new construction and resale market activity, combined with rising prices in both markets," said Marc Pellerin, CMHC‘s capital Market Economist. esidential mortgage credit is R expected to grow by 8 to 9% in 1994 compared to 5.4% in 1993 reports the firstâ€"quarter Mortgage Market Trends, released today by Canada Mortgage and Housing Corporation. The NHA MBS Program set new records in 1993 with the issuance of 428 new pools for a total value of $6,579.8 million. Analysis shows that this is not really worrisome given that mortgage debt in relation to what houses are worth, has not changed that much since 1979. In addition, servicing costs below 4% of personal disposâ€" able income, are lower than the 5.4% level observed in 1984. Mortgage Investments: The National Housing nonâ€" repayable Mortgageâ€"Backed Securities (MBSs) have outperformed Government of Canada Bonds (GOCs) as an investment over the past four years. The total rate of return on nonâ€"repayable MBSs averâ€" aged 13.50 per cent the 1990â€"1993 period comparison with 12.10 per cent for GOCs. disposable income at the end of 1993 in comparison with 46.1 per cent ten years ago. .Ili"t"fl/l"/l"’fia 418â€"2 North Service Rd.: E Approx. 1500 sq. ft., 3bdrm. in Glen i Abbey, w/o ffom kitchen to fenced yard, large principle rooms, ensuite bath, quiet : court location. Call for detaiils. CAROLYN LOFQUIST 842â€"7000. Charming 4 level backsplit, Northeast Oakville, 4 bdrms., cozy fam. room with gas fp and w/o to patio and inground heated pool, fin. bsmnt. with 6 person spa, master bdrm. has 4â€"pce. ens., sec. system, c/vac, c/air, mature well teed lot. $239,500. CAROLYN LOFQUIST Lovely 4â€"bdrm. in Glen Abbey, cathedral celling, sep. formal dining room, large sunshine kitchen with w/o to deck pri vate yard, mn. floor fam. room w/fp, beautiful neutral decor and loads of upgrades, sec. system, intercom, prof. landscaped front rear. A must to see! $480,000. CAROLYN LOFQUIST 842â€"7000. Gor?eous 3â€"bdrm. townhome, close to nte Harbour, upgraded brdim., new kit. floor, w/o to deck from liv. room, w/o from fin. bsmnt., decorated in neutral tones, moveâ€"in condition. Won‘t last, call now. CAROLYN LOFQUIST 842â€"7000. Beautiful detached 4â€"bdrm. on quiet street, lots of upgrades, solid mahogany doors, ceramics, top of line brdim., main fi. laundry, c/air, fireplace, large lot, easy access to QEW. CAROLYN LOFQUIST Charming det. 4â€"4bdrm. in lovely Bronte. Updated and upgraded "turmn of the century" home, enclosed porch area across front, 10‘ cellings in LR, DR and fam. rm., mn. fir. laundry. Call to view. CAROLYN LOFQUIST 842â€" Â¥000 Execuhve living in private wooded setâ€" , 3: bdrm. bungalow, open concept, edral celllngs skylights 2 fp‘s, B/l appliances, hardwood floors, w/o to deck. Call now for an appt. to view. $399,900. CROLYN LOFQUIST 842â€"7000. Assoc. Broker