5 Things You Didn’t Know About the Canadian Mortgage Market [Infographic]

Each year, the Canadian Association of Accredited Mortgage Professionals (CAAMP) releases a report on the state of the Canadian residential mortgage market. This year the report examined everything from the growing popularity of fixed mortgage rates, to the economic impact of the new mortgage rules. The data is compiled through multiple sources, including an online survey of more than 2,000 participants made up of both homeowners and renters.

Because the report is filled with a wealth of data, it can be overwhelming for the mortgage newbie. And it’s always been a dream of mine to bring the year’s most interesting facts to life. The report was released Monday and, since then, the RateHub team has been working with PushPullLabs, scrambling to make sense of the facts and figures and communicate them in the clearest way possible.

I hope you enjoy and learn a little on the way.

Canadian Mortgage Market Statistics
Mortgage Infographic by RateHub.ca

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Alyssa Furtado

Founder
Alyssa studied business and math at Queen’s University, before going into management consulting for two years. She left the corporate world in 2009, launched RateHub.ca on January 1, 2010 and hasn’t looked back since. Passionate about building amazing products that help Canadians make smart financial decisions, Alyssa uses her expertise in SEO to drive people to the site. She empowers the team to do their best work, which is a large part of what makes the company culture so great. Family, friends, travelling and kiting are important to her, and she is happiest when all four are combined.
  • Again the ratehub team gets it right bringing timely info to the people in a great fun way. Well done guys. I’ve shared it on my blog…

  • Ian Mackay says:

    Great information Alyssa, keep up the good work.

  • The average Canadian home is 70% paid off (Great stat!). This shows the equity that people have built throughout the years. The new rule changes (although slightly too aggressive in my opinion) will continue to keep our equity portions high for many years to come. Ratehub is doing a great job giving clients an online choice besides just the Big 5 and providing them instant access to some of the Top Mortgage Professionals in the Country. Great work Ratehub and let’s all do our part to help Canadians grow their wealth and achieve financial freedom!

    • RateHub says:

      Thanks Drew. One stat that you isn’t on our infographic is that mortgage broker market share is at 47%, up from 30% because of top quality mortgage brokers such as yourself!

      • Jake says:

        I don’t think broker share is at 47%. That includes mobile brokers from big banks with no access to anything but one line of products (their own). CAAMP’s stats are wrong – the broker market share is in and around the mid 20s to low 30s.

  • Jason Friesen says:

    Another great job Ratehub!!! I am going to share this with some of my clients/realtors.

    People will love this as much as they love the last infographic you did!!!!

  • Easy to understand and keeps the audience engaged. Thumbs Up!!!

  • Melanie says:

    This is great work! Very informative. Thanks Ratehub!

  • [...] 5 THINGS YOU DIDN’T KNOW ABOUT THE CANADIAN MORTGAGE MARKET. Share this:TwitterFacebookLike this:LikeBe the first to like this. Bookmark the permalink. [...]

  • This is a great infograph with some interesting stats. We have created our own infograph for the Housing Prices in Toronto that you will all probably find relevant. https://www.canadianmortgagesinc.ca/wp-content/uploads/2012/10/Toronto_housing_prices.jpg

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  • Great Infographic! Definitely sharing this!

  • [...] would put a strain on your household budget. And homeowners are apparently listening. The share of new fixed rate mortgages in Canada skyrocketed to 79 per cent, a sign that homeowners are aware of the threat rising interest rates can [...]