Here’s some fresh data from CMHC’s newly-released Renovation and Home Purchase Report:
The report surveyed 5-10 metropolitan areas across the country. Here’s a link to the full report with all the details.
great post, thanks for those statistics. Any idea what the amount of homes were foreclosed on that had CHMC mortgages? It would be interesting to see what the foreclosure rate in Canada is in comparision to the U.S. If you find out that stat, would you be able to share it here? Thanks!
Rob, I just wanted to say that you keep the rest of us brokers so informed, you should have your own magazine! Thank you…I don’t think you get enough kudos for the hard work you do for the public and the other brokers like me with the in depth posts you do. Great job! One day I hope to have the honor of meeting you.
less than .3 percent default in GTA
You are very kind; thank you. If I could figure out how to do a blushing smiley face I would definitely include one. :)
Look forward to connecting at a future industry event!
Cheers for now,
I don’t recall seeing stats on CMHC-insured arrears but I suspect they’re somewhat close to the CBA figures (0.44%):
By comparison, the last U.S. arrears rate I saw was 9.54%:
It’s a dramatic difference.
Both of these stats measure 90-day arrears (i.e. serious delinquencies).
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