CMT Team·General·March 18, 2007The Latest Canadian Mortgage Trends Here’s some interesting mortgage stats from a recent CMHC survey: 50% of Canadians plan to pay down their mortgage if they come into extra money. Note: Only 34% do according to Manulife. According to the survey, 30% would rather have more monthly cash flow than pay off their mortgage sooner. 40% of Canadians would rather make higher mortgage payments than put more money down or defer their home purchase. Despite that, 74% believe the advantages to putting more money down outweigh the disadvantages. The CMHC also finds that mortgage brokers are highly adept at securing mortgages for the self-employed. 20% of mortgage broker business is from self-employed borrowers, double the rate of banks. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.