Every year, dozens of reports and surveys are released that explain the state of the Canadian residential mortgage market. After reading the ones released so far this spring, we decided to compile the results from Canada’s two authorities on mortgage reports and data and turn it into an easy-to-read infographic.
Pulling data from CMHC’s 2013 Mortgage Consumer Survey and CAAMP’s Change in the Canadian Mortgage Market, we’re sharing the good, the bad and the ugly things happening in Canada’s mortgage market. The good: Canadians put $10,000,000,000 in lump sum payments towards their mortgage debt last year! The bad: well, you’ll have to see to find out.
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