mortgage statistics Archives - Mortgage Rates & Mortgage Broker News in Canada

Exclusive: 76% of mortgage holders are anxious about their upcoming renewal: MPC survey

June 11, 2024 No Comments

Growing financial anxiety is affecting both Canadian mortgage holders and non-owners alike, according to the latest consumer survey from Mortgage Professionals Canada.

Youngest households reduce mortgage debt

Under-35 households lead the way in reducing mortgage debt, StatCan reports

January 25, 2024 1 Comment

Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.

Most mortgage borrowers to see payments rise 34% to 54% vs. early 2022: Bank of Canada

December 20, 2023 No Comments

If you had a mortgage as of February 2022, chances are you will be facing a payment increase before the end of 2025.

Mortgage interest costs now up over 80% since the start of the BoC’s rate hikes

September 13, 2023 No Comments

Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest rates.

Mortgage Debt Grew at its Fastest Monthly Pace Ever in June

August 20, 2021 No Comments

Mortgage debt in Canada soared above $1.7 trillion in June, growing at a monthly pace never before seen, according to Statistics Canada. The new figures

Majority of Canadian Buyers Borrowing Their Maximum Approved Mortgage

July 20, 2021 No Comments

Soaring home prices over the past year have forced a majority of today’s homebuyers to use the maximum mortgage amounts they’ve been approved for.

The State of the Residential Mortgage Market: 2020

March 26, 2021 15 Comments

Despite the headwinds of a global pandemic, Canadians’ interest in real estate and the resulting rise in prices took even the most seasoned experts by

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