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发表于 2008-11-25 15:19
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Canada's Mortgage Market - CAAMP Report
Canada's Mortgage Market - CAAMP Report
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: A7 D' B. P' J- H2 Z0 fTuesday, November 25, 2008
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6 o" D( r& Q9 k/ P* g3 p CAAMP has released its annual mortgage report and it's chock full of mortgage stats. Here's a rundown on the more notable ones:
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5,250,000: The number of Canadian home owners with mortgages. . u& Y' e# G, \# T0 E
29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months. 2 s* o* B+ l% {
86%: The percentage of people renewing or refinancing that stayed with their existing lender.
6 l4 s* r* M7 `# a, j* r$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average.
% G2 l; b$ w9 ?1 P; [# ^! r22%: The percentage of mortgagors who took equity out of their homes in the past 12 months. People are spending more because last year it was 17%. + y* Z" K, W3 {9 y1 o/ N9 w4 r/ N
$41,000: The average equity that borrowers took out of their homes this year. That's up 16% from last year. The most common reason for borrowing this equity? Debt consolidation. ) v: u/ Q U) Z H+ _
50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years.
2 `7 T5 L+ H! S4 I5.41%: The average Canadian's mortgage rate. Last year it was 5.56%.
: Q+ }( R/ e4 ?0 z0.40%: The average interest rate improvement realized by people who refinanced in the past year.
1 h5 z7 j7 Y& I8 n3 F2 q- A( u1.59%: The average discount off of bank-posted rates. ) d& f2 z# I) L% H) e) }( [0 @
1.96: The average number of quotes people get when shopping for a mortgage.
+ E1 Y6 A: S! S$ {; J' c: K- |4 _1 c5 I0.28%: The percentage of Canadians who are 90 days or more past due on their mortgage. That's up just slightly from last year. 3 L$ f" r6 _) I$ Q! t! K, k
10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009. & r+ e/ r, B& d: D0 a' h, Z5 V( E2 L
36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared. ! Z1 k7 {& ]+ X5 t; H
Peoples' favourite mortgage terms:
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1-3 years: 29% of borrowers
0 I* `0 g5 B, |; `. e& I4-5 year: 61% of borrowers
5 f3 N; r+ l% T7 q; \Over 5 years: 10% of borrowers1 C, L0 O" A5 M1 t
CAAMP says there's a noticeable trend in borrowers taking shorter terms when compared to last year.0 b& u/ k6 }* u3 u/ g; G8 G
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There's also a big trend towards variable rates. 40% of mortgages were variable in the past year. In CAAMP's 2007 report the number was just 21%. CAAMP says that's because "consumers may be expecting interest rate reductions." We'd also like to think they're becoming more educated about the long-term advantage of variable rates.
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" E: i) K8 h h2 xWhere did people get their new mortgages this year?5 K% a. I, y! b ?
/ Z4 d" k, B( ?- UMajor banks: 47%
% `! R! C5 W2 Q7 v# l9 xMortgage brokers: 35%
p' K2 _# U/ E9 w2 pCredit Unions: 11% h$ o, y! n9 w& @+ M9 q, D
Other: 6%6 Z4 `6 k( b; P3 y& r/ [
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楼主: 郭森房贷
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发表于 2008-11-16 20:47
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