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5 things you didn't know about Canada's mortgage market

  • We're doing good job on increasing the equity in our homes. The average Canadian home is 70 per cent paid off.
    1/5

    We own the majority of our homes

    We're doing good job on increasing the equity in our homes. The average Canadian home is 70 per cent paid off.
  • Looks like Canada learned some lessons from the U.S. housing crisis. Canadians paid off their mortgages five years faster between 2008 and 2012.
    2/5

    We're paying off our mortgages faster

    Looks like Canada learned some lessons from the U.S. housing crisis. Canadians paid off their mortgages five years faster between 2008 and 2012.
  • Canada's new mortgage rules, which came into effect in July 2012, will affect 9 per cent of home buyers.
    3/5

    Mortgage qualification

    Canada's new mortgage rules, which came into effect in July 2012, will affect 9 per cent of home buyers.
  • A dangerous trend? Canadians are using home equity to consolidate their consumer debt.
    4/5

    Canadians rely on home equity to cover debt

    A dangerous trend? Canadians are using home equity to consolidate their consumer debt.
  • Fixed or variable? What kind of mortgage do Canadians favour?
    5/5

    Fixed or variable?

    Fixed or variable? What kind of mortgage do Canadians favour?
We're doing good job on increasing the equity in our homes. The average Canadian home is 70 per cent paid off.
Looks like Canada learned some lessons from the U.S. housing crisis. Canadians paid off their mortgages five years faster between 2008 and 2012.
Canada's new mortgage rules, which came into effect in July 2012, will affect 9 per cent of home buyers.
A dangerous trend? Canadians are using home equity to consolidate their consumer debt.
Fixed or variable? What kind of mortgage do Canadians favour?

Our friends at RateHub.ca have brought to life the best statistics from the 8th annual Canadian Association of Accredited Mortgage Professionals survey. Check out the top 5 facts you didn't know about the Canadian mortgage market.