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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 4 _* O6 J. e4 V9 K' D! I! M5 k
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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:: r/ i. I/ r! |' |( j, a% ~
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5,250,000: The number of Canadian home owners with mortgages. 9 Z) W* \7 o/ V0 z1 t
29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months.
5 m' s9 }: q! L3 e86%: The percentage of people renewing or refinancing that stayed with their existing lender.
- {! j. E1 {7 Z) R& ]9 w, H/ f$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average. 3 Z' E- ^" F U2 X& V+ L3 C) A& N9 w9 G
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%. # C4 \ ~0 E- t1 e8 B* O# q- r
$41,000: The average equity that borrowers took out of their homes this year. That's up 16% from last year. The most common reason for borrowing this equity? Debt consolidation. ; u! s( }( w# [: r h
50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years. # W% o# |# `% n4 c3 E" L. U$ t- I; k
5.41%: The average Canadian's mortgage rate. Last year it was 5.56%.
; z) C5 v0 ]* s0.40%: The average interest rate improvement realized by people who refinanced in the past year. 2 I8 P4 v0 X, r, B7 n" v: p$ w
1.59%: The average discount off of bank-posted rates. + b& f) c: K* u( D, Q9 U% B# Z
1.96: The average number of quotes people get when shopping for a mortgage. ( \0 r; d$ S4 s; k
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 p1 G& Q1 h: x2 U/ z( W10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009.
! S% P; D4 t+ O) d36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared. 6 l& R2 K2 @- d e: B$ R
Peoples' favourite mortgage terms:5 U; t) o2 q6 z
5 r6 b. m5 E' J: k1 Z1-3 years: 29% of borrowers
3 G# [* y, R- `0 v4-5 year: 61% of borrowers . h' Q. x0 `1 N! C$ |1 M+ b0 |
Over 5 years: 10% of borrowers. r1 W; P7 g' P& A5 c) N7 ?0 F
CAAMP 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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! g! a! b% \. n$ A% [* H; ]Where did people get their new mortgages this year?* |4 |3 t$ g' t7 ~% p
3 ?+ N; A- x6 `0 N; s0 QMajor banks: 47% ; y: i+ x! f8 y' w% S
Mortgage brokers: 35% : Y+ ~7 ]& O) U1 K0 N
Credit Unions: 11% . A/ j* r$ f$ \ c9 D
Other: 6%0 C) X% @" T M$ a. i" S
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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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