1 October 2010

Actually, it’s not far from the historical average 31%.
Home Equity
•    The average Canadian homeowner has about 74% equity. Compare with the U.S. homeowners who have only 43%.
•    60% of Canadian homeowners obtain a mortgage.
•    80% of mortgage borrowers have at least 20% equity.
•    Only 9% of mortgagors have less than 10% equity.
Mortgage Brokers
•    In 2009 38% of new mortgages were originated by mortgage brokers.
Mortgage Funding
•    60% of mortgages were funded with the help of deposits.
•    32% – through mortgage-backed securities
•    8% – via other means.
•    In 2009 the Canada Mortgage Bond (CMB) market grew by 7.8% and reached the level of $175.6 billion
Other important notes
•    Mortgage funding statistics:
o    NHA Mortgage-backed Securities: 30%
o    Chartered Banks: 48%
o    Credit Unions: 13%
o    Other: 9%
•    Mortgages by type of dwelling
o    Multi-family dwellings: 29.3%
o    Single-detached properties: 70.7%