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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 w. [7 f1 F% {, ^" A& ?- j1 b
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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:5 q$ |& r, }: c' E
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5,250,000: The number of Canadian home owners with mortgages. 7 C/ q: C* I% ]3 h& Q9 I
29%: The percentage of Canadian homeowners who got a new mortgage in the last 12 months. 2 j1 c9 B- Q1 Y$ Z
86%: The percentage of people renewing or refinancing that stayed with their existing lender.
- g2 i! X- L- }' o) a+ n6 \' ?$136,000: The average mortgagor's equity. This equity equals 51.7% of their home value on average.
# ~3 V6 b3 k/ `8 T9 O) s1 N22%: 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% j+ A/ ?: m6 [$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& {4 @6 T2 @50%: The ratio of new mortgages taken out in the last year with amortizations greater than 25 years.
$ D( ]0 E" w* e/ @5.41%: The average Canadian's mortgage rate. Last year it was 5.56%. 0 R( c$ \5 b& ?; ~$ g4 r% T
0.40%: The average interest rate improvement realized by people who refinanced in the past year.
* J) k! s9 {# N0 H* `& \: l1.59%: The average discount off of bank-posted rates. & s9 Q5 ~( t. ^6 F* a, ?; O' i
1.96: The average number of quotes people get when shopping for a mortgage.
8 }' r! L8 d( A7 {1 `0 g0 ~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. ! ~: O0 N, L' G
10%: The approximate decline in mortgage approvals that CAAMP foresees in 2009. " H2 d1 G1 M+ Y E
36%: The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared.
- k* q5 D0 M. lPeoples' favourite mortgage terms:
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) w6 x6 H+ o1 V1-3 years: 29% of borrowers
; a" E. r8 C$ Y- l, H' h/ E4 k, l4 j4-5 year: 61% of borrowers
9 Z4 @& V8 Z6 }7 ^Over 5 years: 10% of borrowers/ S4 j+ J8 G" |" e1 s# ?
CAAMP says there's a noticeable trend in borrowers taking shorter terms when compared to last year.* W5 m# B! Y$ q$ r0 S! D0 r* @9 L
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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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' Y" v5 ~7 O d: `$ lWhere did people get their new mortgages this year?
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* V( v k5 y1 n" j; R: _Major banks: 47%
; D) p% R% n! Z. v! pMortgage brokers: 35% * @: {0 y2 ^% p/ X* t7 u! N- L
Credit Unions: 11% ' _/ F8 I) R7 |/ e8 K2 {
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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