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CanEquity Mortgage Shows Record First Quarter Results

CALGARY, Alberta, April 28, 2010 — The economic climate seems to be stabilizing and many Canadians are starting to believe that things are getting back to normal. As people become more comfortable they will also become more confident in their spending.

CanEquity Mortgage has experienced this increased confidence in consumer spending as the company has achieved record results in the first quarter of 2010.

“The traffic on our website continues to grow every month which shows us that consumers are ready to buy new homes or even refinance their existing mortgages,” said Anthony De Almeida, CEO of the National Mortgage Brokerage CanEquity.

“Record profits mean growth. Growth means new jobs. New jobs means consumer spending and so on. This is a strong indicator that things are looking much better for consumers than they did last year.”

CanEquity Mortgage foresees a very strong year on the mortgage transaction side of the economy especially as the government continues to talk about raising rates by June.

“When the government talks about raising rates, it means the economy can stand the increase. Typically, it also means there is activity and when people think the rates will increase, they will act quickly to secure their financing at a lower more affordable rate,” said De Almeida.

CanEquity Mortgage is available to meet all of your mortgage needs. Visit the company’s website at www.canequity.com.

News source: The Canadian Equity Group (CEG)

 

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