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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 # q8 q8 W: U* Y2 l5 X- P4 M, V
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Tuesday, November 25, 2008 , h# ]5 x5 `1 C" N! @! G0 S: F
. c3 n$ n* c% L" R9 r CAAMP has released its annual mortgage report and it's chock full of mortgage stats. Here's a rundown on the more notable ones:1 u& n. j7 E! Q6 R* z2 B" R9 U
; s c1 y2 _) B7 ~: H5,250,000: The number of Canadian home owners with mortgages. . Q5 h4 P8 M8 J9 e4 ]: Z. {+ k
29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months.
! h" m% j+ ~- n% m+ G* \( S% s86%: The percentage of people renewing or refinancing that stayed with their existing lender.
2 J) R/ {' a$ k. k% P; x: W# d% J$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average.
2 x' g, l2 I( |+ i5 b22%: The percentage of mortgagors who took equity out of their homes in the past 12 months. People are spending more because last year it was 17%.
9 ?) g5 e$ ^: Y$41,000: The average equity that borrowers took out of their homes this year. That's up 16% from last year. The most common reason for borrowing this equity? Debt consolidation. 5 c A% o4 i- h- w9 {% @
50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years.
' j' D) t0 s* B4 D+ h- e5.41%: The average Canadian's mortgage rate. Last year it was 5.56%. 9 Q2 V+ K7 `: r: |+ X
0.40%: The average interest rate improvement realized by people who refinanced in the past year.
5 O- ]+ u+ c4 ~ [, e1.59%: The average discount off of bank-posted rates. 7 X( B# I/ J3 L' h
1.96: The average number of quotes people get when shopping for a mortgage.
1 {/ s2 L9 a2 v: v, N0.28%: The percentage of Canadians who are 90 days or more past due on their mortgage. That's up just slightly from last year.
( l8 [/ {$ w" O9 S/ @10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009.
3 t. R9 W' N) _. C" ^( [36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared.
8 y7 L6 y" [; w4 tPeoples' favourite mortgage terms:
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$ u2 l( a/ v5 h) ^6 ^1-3 years: 29% of borrowers ' n. @& u# C) [5 K. Z- y% P
4-5 year: 61% of borrowers
" P& w* \0 \. Q! h- F f( [Over 5 years: 10% of borrowers
3 Z* v& ^: ^! C, ~: n7 z8 k% yCAAMP says there's a noticeable trend in borrowers taking shorter terms when compared to last year.
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: C% _0 G9 b8 o( p0 O, b2 D& s cThere'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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7 e. |3 v& {0 pWhere did people get their new mortgages this year?
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6 s$ U) R: q* A1 l m- p1 ~% T& r: zMajor banks: 47%
! `* s% Z; z+ h) Q' h/ l: lMortgage brokers: 35% ! Z+ N0 ?+ w7 e Z) u1 k F7 {
Credit Unions: 11% + [3 L- P" x: ~& q" }' t
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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