Mortgage Consumer Report Now Available
CAAMP released its fall consumer report, Annual State of the Residential Mortgage Market in Canada.
The report, written by Will Dunning, CAAMP’s chief economist and compiled based on research by Bond Brand Loyalty (formerly Maritz Research), indicates that many Canadian mortgage holders are growing their equity – 85% of all homeowners have 25% or more equity in their homes.
The report also delves into the habits and attitudes of first-time homebuyers as well as how Canadians are managing their mortgage debt.
Significant statistics have been extrapolated from the report for easy reference.