The Canadian Association of Accredited Mortgage Professionals (or CAAMP) has published its “Annual State of the Residential Mortgage Market” report. The document includes some interesting facts and figures about the Canadian real estate industry. A sample:

  • There are about 13.6 million occupied homes in Canada. Of these, 9.6 million are owner-occupied, including 5.8 million with mortgages and 3.8 million without mortgages.
  • The total value of owner-occupied housing in Canada is estimated at $3 trillion.
  • Mortgages and lines of credit for these homes amount to $982 billion. That means Canadians have about $2 trillion in home equity, equal to 68 per cent of the total value of housing.
  • Two per cent of homeowners (about 150,000 to 170,000) may have negative equity in their homes.
  • Twelve percent of mortgage borrowers said they would have some problems if interest rates rose by even less than one percent.
  • The average dwelling value (as estimated by the occupants) is $316,000.

The full report can be downloaded here.

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