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INFOGRAPHIC: 2015 Canadian Mortgage Stats
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Did you know - there are 5.71 million mortgages in Canada, and $3 trillion in home equity nation-wide? That's a lot of lending - and 2015 was no exception, with 660,000 new home purchases. The action has been compiled by Mortgage Professionals Canada (formerly CAAMP) in their Annual State of the Residential Mortgage Market in Canada report - check out our handy infographic for the highlights!
Penelope Graham,
A first-time homeowner and newbie investor, Penelope Graham is the quintessential millennial, navigating the world of personal finance and wealth management. A self-professed monetary policy nerd, she follows the often-controversial housing market closely and specializes in mortgage, credit card and personal finance news.
Latest News Articles
Ongoing rounds of tariffs may continue to strain homeowner's pockets - especially when it comes to home and auto insurance.
The Bank of Canada has cut its key interest rate by 25 basis points, lowering it to 2.75%, as it navigates ongoing trade tensions.
The Bank of Canada has cut its key interest rate by 25 basis points, lowering it to 3%, as it navigates trade tensions, inflationary concerns, and a cooling housing market.
With the overnight rate now at 3.25%, the housing market may be set to embark on a bumpy ride.
Could you pay your mortgage after a job loss? Here’s how to protect your ability to pay in a worst-case scenario.
Today the Bank of Canada cut its key interest rate by 50-basis points. Is today's double rate cut enough to incentivize buyers to re-enter the housing market? Let’s see what it means for the Canadian housing market.
The Bank of Canada cuts the overnight rate for the third consecutive time by another quarter percentage point to 4.25%.
Tenant insurance is like a safety net for your belongings, protecting you from unexpected events like theft or fire. However, it doesn’t cover the building itself. Here’s what you need to know in case of accidental damage.
Mortgage life insurance is like the extra warranty for your laptop or fridge—an add-on that boosts the lender’s profits. Here’s what you need to know to avoid getting taken for a ride.
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