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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 / R: u* G% g8 o
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Tuesday, 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.
' k& F: P3 G5 g2 D8 W29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months.
1 r3 J# B: k! O6 P- l0 c86%: The percentage of people renewing or refinancing that stayed with their existing lender. / A0 p* f) q. x+ Y- t
$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average.
. N$ E# Z* q9 a M/ I- p22%: 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%. / i! K% [, z- Y5 K% |$ f
$41,000: The average equity that borrowers took out of their homes this year. That's up 16% from last year. The most common reason for borrowing this equity? Debt consolidation.
' q) V M& D; p5 J6 W0 P50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years.
+ B" F7 G! r2 V) I5.41%: The average Canadian's mortgage rate. Last year it was 5.56%.
, `) J; D/ s( [" e' D: Y0.40%: The average interest rate improvement realized by people who refinanced in the past year.
% H4 A" s2 l. G1.59%: The average discount off of bank-posted rates.
, N/ r, L @) D+ f5 C1.96: The average number of quotes people get when shopping for a mortgage.
) e1 K. A1 x/ b. D) i0 P, v0.28%: The percentage of Canadians who are 90 days or more past due on their mortgage. That's up just slightly from last year.
* p1 H$ }5 ]6 V10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009. # E; t3 K& Q" _
36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared. ( z( J* I0 G# _9 C/ n4 Q& v
Peoples' favourite mortgage terms:3 J' G: K7 X8 A `
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1-3 years: 29% of borrowers F! W! F4 S u: J/ W' y/ r
4-5 year: 61% of borrowers 3 S& {) A& @: h3 J; I! S% g5 F
Over 5 years: 10% of borrowers
2 y& C$ @" k$ HCAAMP says there's a noticeable trend in borrowers taking shorter terms when compared to last year.% t4 v- e1 t- m1 }
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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.* s, e; x: d. n1 V* E! Q' S0 j
3 R6 q# m* m5 _" V; z2 n/ JWhere did people get their new mortgages this year?
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Major banks: 47%
9 k6 `! f; O& ?1 r6 JMortgage brokers: 35%
" L" j/ W; D! s" ^/ HCredit Unions: 11% $ H" i9 b2 |8 l) Q
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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