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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 ) H$ d: J; O& X, y# `% r& |5 V7 n
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Tuesday, November 25, 2008
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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:7 c/ C) S- Y! G) h9 F/ E U: J" W
T1 ?- k) I6 t% x" j; [: @/ V5,250,000: The number of Canadian home owners with mortgages. . o$ J9 |8 P/ w0 c! m
29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months.
$ D5 Z3 |; G' j, v86%: The percentage of people renewing or refinancing that stayed with their existing lender.
6 A4 W: k/ N# s @) L4 u; a$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average. . ], B6 N, C0 w/ \% {# Y {; Y% M
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%.
& q1 J4 y7 ?+ B$41,000: The average equity that borrowers took out of their homes this year. That's up 16% from last year. The most common reason for borrowing this equity? Debt consolidation.
/ \, n. m! K) L, S50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years.
+ A# v: ~1 s5 z- f, k5.41%: The average Canadian's mortgage rate. Last year it was 5.56%. 5 c, }8 |- L l; H7 h8 M
0.40%: The average interest rate improvement realized by people who refinanced in the past year.
0 ]) x2 o9 A3 N/ c7 h1.59%: The average discount off of bank-posted rates. 0 D; L4 D* ]: u! Q9 W% F/ E
1.96: The average number of quotes people get when shopping for a mortgage.
8 b, ~; B9 c1 S7 ]0.28%: The percentage of Canadians who are 90 days or more past due on their mortgage. That's up just slightly from last year.
( `" T6 _+ R6 y9 b10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009.
7 n4 c% |% Z9 ~% V3 ]$ Y36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared. % @6 C4 {/ z2 u0 ?" H8 O3 @
Peoples' favourite mortgage terms:; n9 z& w- p* I/ R2 J
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1-3 years: 29% of borrowers / y* X* C+ u( H7 q5 }, B
4-5 year: 61% of borrowers 9 M( C# b3 N' c2 j, i
Over 5 years: 10% of borrowers
4 `- m* O/ _1 l- c3 b$ L ~+ }6 C8 VCAAMP 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.
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+ ]$ P3 L5 B" D' Q0 \& hWhere did people get their new mortgages this year?
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1 y$ Z0 u: @. Y$ o+ T9 ~Major banks: 47% . z& @3 {5 n/ u* ^9 L/ W
Mortgage brokers: 35% . E1 C$ [ Q& }3 S4 d" f
Credit Unions: 11% 5 U& l& X, a) F
Other: 6%
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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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