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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 - z+ M7 C0 {: k- M3 n s% M5 y
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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:; K I( X" e7 a, M8 B
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5,250,000: The number of Canadian home owners with mortgages.
. f( `# Q, a5 K1 x2 P29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months.
0 G! S J/ [; i2 r' u( Q2 X86%: The percentage of people renewing or refinancing that stayed with their existing lender. % C5 p! o2 A; `/ p8 R
$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average. w% Q8 ]. o7 B; w( t
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%. ! ?( W' S7 v: F( v
$41,000: The average equity that borrowers took out of their homes this year. That's up 16% from last year. The most common reason for borrowing this equity? Debt consolidation.
' U2 ]% N' s* w# G% ~) D50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years.
3 _( g: t7 J3 Z4 c" C, z5.41%: The average Canadian's mortgage rate. Last year it was 5.56%. 5 b- f1 ^/ J: H
0.40%: The average interest rate improvement realized by people who refinanced in the past year.
2 }9 m% t9 E2 X3 u9 @1.59%: The average discount off of bank-posted rates. 1 _- V1 _. ]/ o
1.96: The average number of quotes people get when shopping for a mortgage. & X, |, N, x! f
0.28%: The percentage of Canadians who are 90 days or more past due on their mortgage. That's up just slightly from last year. 8 C2 C1 I! d. h% U$ A* Z
10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009.
0 y7 `! t4 w+ {% q# p36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared. ( |& t- u- \1 f
Peoples' favourite mortgage terms:. q+ O2 }7 }& x; j+ @8 k
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1-3 years: 29% of borrowers 7 T% U& ^7 r) S- o
4-5 year: 61% of borrowers
# z- v% y# r2 C) y8 R3 wOver 5 years: 10% of borrowers
2 [- { f" |! }1 \7 [) P. A S7 }CAAMP says there's a noticeable trend in borrowers taking shorter terms when compared to last year.
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9 I& }: |+ f' j+ \$ }; iThere'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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' |& v9 B8 f1 G. y+ DWhere did people get their new mortgages this year?
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1 e* Z- e0 F- \! UMajor banks: 47% 8 H0 |" G3 b1 W& o; `2 r* F$ ?
Mortgage brokers: 35% , m1 n3 T* j* l3 A& q
Credit Unions: 11% , h3 ?0 n+ W! `3 G4 i
Other: 6%5 Y Y- \6 g% b v1 I! g
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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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