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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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# ?0 K' f8 r9 v# l% u" J6 TTuesday, 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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5,250,000: The number of Canadian home owners with mortgages. & H0 k% t- \* f
29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months. * S5 Q9 [ _5 c2 M/ V! Y. ]
86%: The percentage of people renewing or refinancing that stayed with their existing lender.
- z8 o; D. D# o! ?# a$ {9 A$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average. 7 f5 x3 O- f. N$ ]0 K! y+ c7 {1 Q
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%.
& e( q( r }4 h" g; A9 i$41,000: The average equity that borrowers took out of their homes this year. That's up 16% from last year. The most common reason for borrowing this equity? Debt consolidation. 6 [1 J+ J/ ], `/ e+ d
50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years.
* f X5 I: l" h: m5.41%: The average Canadian's mortgage rate. Last year it was 5.56%.
4 u5 c1 R# i- F0 N0.40%: The average interest rate improvement realized by people who refinanced in the past year. 7 g D8 O% Y' y* h8 F
1.59%: The average discount off of bank-posted rates.
5 s, I9 _7 i4 Z# D( J3 c$ S% u1.96: The average number of quotes people get when shopping for a mortgage. 0 k# \# U( }( R: j; W. z
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.
% T5 {$ m/ d! D1 F10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009.
; P0 L8 \; K+ l6 W9 ?36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared. : ^' G. s) h9 M2 u
Peoples' favourite mortgage terms:
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+ f3 i% u/ y: o- w1-3 years: 29% of borrowers
3 Q! q! a9 k% l4-5 year: 61% of borrowers ( [( s/ x* P+ z5 W( O
Over 5 years: 10% of borrowers
1 t, R8 B5 Q+ C/ G. [. h3 U6 G, q; G/ ECAAMP 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.' w7 k" w' j2 x7 `& ~5 K/ P
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Where did people get their new mortgages this year?( b% c6 z8 D0 K' z5 r1 c
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Major banks: 47% , U' Z6 d& ?) ?
Mortgage brokers: 35%
' D2 S) u" |6 Z. q- @# P# s7 j6 B' X, sCredit Unions: 11% $ x7 n# K- H+ U, _' p L
Other: 6%% ~4 r/ s+ Q$ s' L) c
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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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