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发表于 2008-11-25 15:19
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Canada's Mortgage Market - CAAMP Report
* ~) t9 ]; o# _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:
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/ x2 W6 S& N0 `5,250,000: The number of Canadian home owners with mortgages. ) V2 Z; B9 c2 s( [7 |) q5 w( g
29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months.
% |4 C" f5 Z3 Q! n$ D' B" U86%: The percentage of people renewing or refinancing that stayed with their existing lender. $ p6 j+ H7 U0 V; H2 y' m
$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average.
% [6 g' B' T3 i9 p0 X22%: 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%.
, I. @. U% Z3 D3 k( w$41,000: The average equity that borrowers took out of their homes this year. That's up 16% from last year. The most common reason for borrowing this equity? Debt consolidation.
( d4 d- T$ U. w. l1 K/ O1 L) b1 a/ m50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years. $ U- ?, J9 D+ _* O. [& v
5.41%: The average Canadian's mortgage rate. Last year it was 5.56%. 1 S- |, G/ U$ W& A) }2 E+ j7 S
0.40%: The average interest rate improvement realized by people who refinanced in the past year. 5 G; B9 E$ j6 V
1.59%: The average discount off of bank-posted rates.
0 F7 ]' X% Q ~" [! Q6 s& V1.96: The average number of quotes people get when shopping for a mortgage.
5 |4 u* S" q7 { m6 J) p0.28%: The percentage of Canadians who are 90 days or more past due on their mortgage. That's up just slightly from last year. 9 @+ ]! b I* R9 I3 s! |
10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009. ! G7 {) U$ r2 a# T9 D
36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared. 1 S4 p; c9 m% x6 m
Peoples' favourite mortgage terms:
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1-3 years: 29% of borrowers % d% v+ [$ U9 ]& H: Z7 r' z
4-5 year: 61% of borrowers
6 m- Z7 n' b& fOver 5 years: 10% of borrowers
* _5 J, i/ }& t% N2 RCAAMP 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.: c5 _, B; [1 f; L- `; y
% ^. u$ ]/ h5 h' ]Where did people get their new mortgages this year?
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Major banks: 47%
: d2 E" n3 L5 c) z2 x; KMortgage brokers: 35%
3 b+ _' {7 ?8 {+ y$ N6 o; i' E; RCredit Unions: 11%
" g8 ^: N% M( u: a4 i# _Other: 6%; M- Z3 h+ N5 Q5 R& k4 N$ v
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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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