The Annual State of the Mortgage Market in Canada Year End 2019 from Mortgage Professionals Canada was recently released, and with it came interesting Canadian mortgage market statistics.
Mortgage Professionals Canada explored recent trends in:
- Homeownership composition in Canada, such as homeowners with mortgages and homeowners with HELOCs.
- The average amount of home equity available.
- How many people take out fixed-rate mortgages vs. variable-rate mortgages.
- Source of down payments for first-time homebuyers (and how many sources they typically use).
- And much more.
On the Purview blog, we have broken down highlights from the report that looks back at the 2019 Canadian mortgage market trends.
Access the full Annual State of the Mortgage Market in Canada Year End 2019 report here: https://mortgageproscan.ca/docs/default-source/consumer-reports/housing-market-report—year-end-2019-(english).pdf