{"id":7648,"date":"2020-10-01T20:22:16","date_gmt":"2020-10-02T00:22:16","guid":{"rendered":"https:\/\/www.teranet.ca\/insights\/the-market-insights-report-by-teranet-examines-the-state-of-the-ontario-mortgage-market-as-summer-season-ends\/"},"modified":"2024-07-09T09:38:22","modified_gmt":"2024-07-09T13:38:22","slug":"the-market-insights-report-by-teranet-examines-the-state-of-the-ontario-mortgage-market-as-summer-season-ends","status":"publish","type":"post","link":"https:\/\/www.teranet.ca\/fr\/insights\/the-market-insights-report-by-teranet-examines-the-state-of-the-ontario-mortgage-market-as-summer-season-ends\/","title":{"rendered":"The Market Insights Report by Teranet Examines the State of the Ontario Mortgage Market As Summer Season Ends"},"content":{"rendered":"<p>The impact of the COVID-19 pandemic on the Canadian mortgage market became more visible during the summer months.<\/p>\n<p>This trend has continued in August. The month witnessed the sharpest year-over-year drop in 2020, as it recorded 41,000 residential mortgage transactions.<\/p>\n<p>As COVID-19 cases rise and uncertainty remains, our Market Insights Report aims to provide you with a detailed analysis of the current state of the Ontario mortgage market to help you make more informed decisions.<\/p>\n<p>In this report, you can find an in-depth analysis of:<\/p>\n<ul>\n<li>Mortgage Registrations Volume &amp; Dollar Amount from January 2020 to August 2020.<\/li>\n<li>Mortgage Registrations by Municipality.<\/li>\n<li>Mortgage Registrations by Lender Category.<\/li>\n<li>Mortgage Registrations by Property Type.<\/li>\n<li>And Sales Registrations.<\/li>\n<\/ul>\n<p>While the residential mortgage transactions in August 2020 exhibited a decline for the first time in 3 years, the dollar value of mortgage registrations showed a positive trend.<\/p>\n<p>Within the first eight months of 2020, there were 321,860 mortgage registrations, representing a total dollar amount of $149.5 billion. This is a significant increase from 2019, which saw a total dollar amount of $135.1 billion in the first eight months of the year.<\/p>\n<p>As multiple factors come into play \u2013 like rising COVID-19 numbers, reopening of schools, and a possible second COVID-19 wave coming to Canada \u2013 our data scientists continue to monitor the market and provide you up-to-date mortgage market insights.<\/p>\n<p>Download the latest Teranet Market Insights Report here:\u00a0 <a href=\"https:\/\/financialservices.teranet.ca\/acton\/attachment\/2216\/f-cb79b8e3-c1b2-4e69-aab5-f249fd8c7481\/1\/-\/-\/-\/-\/Teranet%20Monthly%20Market%20Insights%20Newsletter%20September%202020%20Final.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Teranet Monthly Market Insights Report<\/a><\/p>\n<p>Sign up for our email list to receive future reports as soon as they are released: <a href=\"https:\/\/ci23.actonsoftware.com\/acton\/fs\/blocks\/showLandingPage\/a\/2216\/p\/p-0065\/t\/page\/fm\/0\">https:\/\/ci23.actonsoftware.com\/acton\/fs\/blocks\/showLandingPage\/a\/2216\/p\/p-0065\/t\/page\/fm\/0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The impact of the COVID-19 pandemic on the Canadian mortgage market became more visible during the summer months. This trend has continued in August. The month witnessed the sharpest year-over-year&#8230;<\/p>\n","protected":false},"author":2,"featured_media":3441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[120],"tags":[],"class_list":["post-7648","post","type-post","status-publish","format-standard","has-post-thumbnail","category-market-insight-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Market Insights Report by Teranet Examines the State of the Ontario Mortgage Market As Summer Season Ends - Teranet<\/title>\n<meta name=\"description\" content=\"The impact of the COVID-19 pandemic on the Canadian mortgage market became more visible during the summer months.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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