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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 j* e+ b3 p6 G$ qTuesday, November 25, 2008 / ~# i* c8 x$ \
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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.
; m, d; x, t$ ~29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months.
, \3 y& K, J$ a' \5 n5 O86%: The percentage of people renewing or refinancing that stayed with their existing lender.
# p) Q% Z8 S% }9 r$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average.
0 b, W+ O8 \+ J* K5 S' K22%: 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%. 5 N1 f, K0 x/ p0 o; Y& v6 G3 O
$41,000: The average equity that borrowers took out of their homes this year. That's up 16% from last year. The most common reason for borrowing this equity? Debt consolidation. . m) M8 U5 y) y* x1 S1 {: T% V
50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years.
; ?9 g. ^+ x' K/ t3 D/ c7 t5.41%: The average Canadian's mortgage rate. Last year it was 5.56%.
6 ?7 Q/ Q- }+ y W* f0.40%: The average interest rate improvement realized by people who refinanced in the past year. ! ] \' l* p' q7 q8 Y( L, G) Q" F
1.59%: The average discount off of bank-posted rates.
5 l/ J! P: v" y4 e. `* v# s# e5 s1.96: The average number of quotes people get when shopping for a mortgage.
C0 {! c, g0 p, ~0.28%: The percentage of Canadians who are 90 days or more past due on their mortgage. That's up just slightly from last year.
. C1 z& v& K9 J) j# f10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009. 8 y0 q7 i9 g& v3 J7 L& ]1 w
36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared.
+ I/ e5 h4 R& \1 ZPeoples' favourite mortgage terms:
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1 b% {0 q4 Q. N+ j1-3 years: 29% of borrowers
4 u3 O5 H6 ^# g/ [6 ]4-5 year: 61% of borrowers
" l1 V5 G) Z% MOver 5 years: 10% of borrowers$ ~& D8 o* T) E$ e, q! H7 A
CAAMP says there's a noticeable trend in borrowers taking shorter terms when compared to last year.( T& W9 K' {( j% \
6 W/ J. h( k5 ~7 F. ]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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Where did people get their new mortgages this year?
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$ s% G+ v6 B! [: \Major banks: 47% ) U8 ]/ X: u7 i$ u7 \" @/ t% M8 u
Mortgage brokers: 35% 7 H. ]% B" ~' @! f9 L! s3 m3 g/ U
Credit Unions: 11%
; `: O( \- A' MOther: 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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