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The June Monthly Market Insights Report by Teranet Examines the Impact of COVID-19 on the Ontario Mortgage Market

By June 29, 2020May 13th, 2022Market Insight Report

The effects of the ongoing COVID-19 pandemic are being felt across the Canadian real estate and mortgage sectors.

To help you navigate through these uncertain times, we have developed a Monthly Market Insights Report that addresses questions about the current state of the Ontario mortgage market.

In addition to analyzing market data, this monthly report investigates trends related to lender market share and provides a snapshot of the mortgage registration activity across Ontario.

The report provides an in-depth analysis of:

  • Mortgage Registrations Volume & Dollar Amount from January 2020 to May 2020.
  • Mortgage Registrations by Municipality.
  • Mortgage Registrations by Lender Category.
  • Mortgage Registrations by Property Type.
  • And Sales Registrations.

Using the data from May 2020, we can now start to quantify the impact that COVID-19 is having on the Ontario mortgage market. For instance, May was the first month in 2020 that experienced a decline in mortgage registrations compared to the same time in the previous year.

As regions across Ontario begin to slowly open up, it will be interesting to see if the decline in mortgage registration volume continues or if these trends will change over the course of the next few months.

Download the complete June 2020 Teranet Monthly Market Insights Report here:

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