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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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6 o- ?9 c3 ^' ~. B$ W; q3 G, b/ iTuesday, 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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# S& j- Z7 N+ h1 {8 Q5,250,000: The number of Canadian home owners with mortgages. - Y. m, h$ ~% h0 @
29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months. 4 ~8 w* W6 Z4 C/ K
86%: The percentage of people renewing or refinancing that stayed with their existing lender.
; ^0 {4 |9 w \+ J" k( y5 Z$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average. " E3 @' D+ |) [6 X0 t" l" c
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%. & p+ r# v2 u4 ?4 M9 e# r( g3 P
$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.
. T3 }3 \5 m, \$ b5 ^* |50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years.
+ {- s1 [9 [8 p0 W) T- K5.41%: The average Canadian's mortgage rate. Last year it was 5.56%. 8 L! t7 u; V8 V1 O3 e @
0.40%: The average interest rate improvement realized by people who refinanced in the past year.
$ V& O$ L6 \6 m% y4 P1.59%: The average discount off of bank-posted rates. % q; V3 X6 V" Q8 W0 T" n5 m
1.96: The average number of quotes people get when shopping for a mortgage. 1 p6 Y+ a1 S+ \! 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.
( F8 X6 x8 {1 |: S8 s10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009. ( z1 o1 y* T% s3 t4 q
36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared.
1 l0 B3 R! J, ^Peoples' favourite mortgage terms:
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1-3 years: 29% of borrowers 4 I2 ~3 `/ w1 R; b, g y
4-5 year: 61% of borrowers
# K! P! t D* nOver 5 years: 10% of borrowers
( Q- Y. _) @' h# cCAAMP says there's a noticeable trend in borrowers taking shorter terms when compared to last year.
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" H+ c! H' K0 a; g0 w/ o" ?( ?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.7 T9 g$ V2 s# Q$ Z& p; U
$ r5 P- q! R3 S4 l; MWhere did people get their new mortgages this year?1 c- N! `! Q& T1 |1 C
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Major banks: 47% ( Z0 \9 l* g: F
Mortgage brokers: 35% 3 z9 z5 g% x; i/ S
Credit Unions: 11%
! x7 ^$ t7 e S8 W. Y& q: iOther: 6%; A% ^, t* z2 u2 N$ c i
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