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Home Financing Choices of Canadians
As part of this year’s survey, we asked a series of new questions to help mortgage professionals, the housing industry and Canadians better understand the ever-changing mortgage landscape. Here are the key facts you need to know.
We have the data, and now you can too.
Download the Home Financing Choice of Canadians infographic.
Most homebuyers and refinancers obtained a mortgage loan only, a fixed interest rate, a 5-year renewal term and 25-year amortization period.
48% of all mortgage consumers would consider a longer renewal term at a fixed interest rate.
Of those impacted by the mortgage qualification rule changes, the main way it caused them to review their purchase plan was to decrease non-essential expenses.
Of all respondents with a HELOC, the main way they plan to use their HELOC is as a safety net or emergency fund.
