Our annual fall survey report, the Annual State of the Residential Mortgage Market in Canada is hot off the press!
Among the data and trends analyzed in the report by our Chief Economist Will Dunning, the report reveals:
· Broker market share among 2016 purchases is up to 43% (vs 47% who used a bank)
· Rental income and housing affordability represent a "new normal" for young Canadians
The report also surveys consumer expectations on the recent federal government mortgage insurance rule changes, the overall housing market and in the broader economy. Consumers expect negative impacts in all three areas, and especially in the impairment of potential homebuying under the new rules.
For more information and to view the full report - click here.