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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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: C4 R0 J5 R8 V( XTuesday, November 25, 2008 % j+ r! {0 q; s4 ^' _" U% _
# b$ g$ e0 T, x7 e! h- A 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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1 W$ H- d/ j9 V: A5,250,000: The number of Canadian home owners with mortgages.
- V+ Z( s. [+ P1 a3 N9 k29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months. ' H; ~% y$ Y" C4 n5 b8 y
86%: The percentage of people renewing or refinancing that stayed with their existing lender. 8 F2 u7 f6 e* H' q
$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average.
& q9 W6 x! T* Y7 ^ D22%: 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%. - c- N* t3 Z; O9 `0 l m+ M) x
$41,000: The average equity that borrowers took out of their homes this year. That's up 16% from last year. The most common reason for borrowing this equity? Debt consolidation.
7 U' A# A( H) u; |" q50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years. 0 Z' n4 ^$ i4 X4 w
5.41%: The average Canadian's mortgage rate. Last year it was 5.56%. 9 g) x% P2 Q0 s* h
0.40%: The average interest rate improvement realized by people who refinanced in the past year. , X# @# U( N" E8 X5 x
1.59%: The average discount off of bank-posted rates.
! T+ O) i9 k4 y3 E c" x$ y. d% L1.96: The average number of quotes people get when shopping for a mortgage.
6 A! d$ u8 Q: Z, S% V3 ?: \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.
, V0 n+ i+ O4 K$ X10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009.
, `6 I1 s! N' y+ q4 f! C. f x, D- o36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared. 3 q9 |9 R7 R- w$ @0 n6 F U
Peoples' favourite mortgage terms:
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1-3 years: 29% of borrowers s* t: u. W( \; V, |4 p
4-5 year: 61% of borrowers 8 K6 S& z5 B8 C4 c% u. {
Over 5 years: 10% of borrowers
0 j2 k- I2 |4 NCAAMP says there's a noticeable trend in borrowers taking shorter terms when compared to last year.& d2 m! a% O" f: V1 w
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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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1 s! C9 S( h, ?+ H1 YWhere did people get their new mortgages this year?# o# L, _1 R) A' A" z: e0 a5 b8 C
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Major banks: 47%
% ~) [7 W c5 ~* PMortgage brokers: 35% # h; `" O2 F: w
Credit Unions: 11%
3 r( H; m9 P9 e! E2 ^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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