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发表于 2008-11-25 15:19
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Canada's Mortgage Market - CAAMP Report
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Tuesday, November 25, 2008 / q! T: k `8 J6 |
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CAAMP has released its annual mortgage report and it's chock full of mortgage stats. Here's a rundown on the more notable ones: C. f6 `2 L3 Y0 M4 U% v$ w
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5,250,000: The number of Canadian home owners with mortgages. & }, e8 ^+ y8 G; i+ b" F& `& Q, t
29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months. 7 ?/ h: c9 r! ` {% f4 y: y
86%: The percentage of people renewing or refinancing that stayed with their existing lender.
9 |2 l; c' s% k, W$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average. 9 U: y- z: ^, |+ n6 O
22%: The percentage of mortgagors who took equity out of their homes in the past 12 months. People are spending more because last year it was 17%. 3 q* b; D+ m$ V$ e
$41,000: The average equity that borrowers took out of their homes this year. That's up 16% from last year. The most common reason for borrowing this equity? Debt consolidation. 7 j, g, O( Z7 m
50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years. 4 c" @( N8 J% V$ `
5.41%: The average Canadian's mortgage rate. Last year it was 5.56%.
- j. D8 z) i& |& j" Y$ y0.40%: The average interest rate improvement realized by people who refinanced in the past year.
( b% M% {% m; M M Y1.59%: The average discount off of bank-posted rates. ( t8 B2 G" c: X8 x
1.96: The average number of quotes people get when shopping for a mortgage. / F+ H+ {' N8 [ e% _ s: R) E* N
0.28%: The percentage of Canadians who are 90 days or more past due on their mortgage. That's up just slightly from last year. % i& j- @7 @ g& V: |
10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009.
* `8 P* w( |1 w* I8 e' C9 k* U6 d2 }36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared.
) E& p' A; E, l7 F/ @Peoples' favourite mortgage terms:
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4 j/ ], o. |2 q! b1-3 years: 29% of borrowers
5 X$ p, c' l8 ?3 i! P3 w! P4-5 year: 61% of borrowers
: \3 d" a3 }/ }- J5 jOver 5 years: 10% of borrowers1 @3 a* X( T; p1 y
CAAMP says there's a noticeable trend in borrowers taking shorter terms when compared to last year.
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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.0 |/ `4 P9 _9 T& P1 c
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Where did people get their new mortgages this year?, l; K) U8 t( Z- n& V
6 n" ~2 d4 i: z0 yMajor banks: 47% + f0 F" [, M& `3 J
Mortgage brokers: 35% 6 Y% W: V7 b" _4 L
Credit Unions: 11%
( [% |1 t q+ i tOther: 6%
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楼主: 郭森房贷
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发表于 2008-11-11 07:44
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