The State of the Residential Mortgage Market: 2021
Despite the headwinds of a global pandemic, Canadians’ interest in real estate and the resulting rise in prices took even the most seasoned experts by surprise.
This, of course, had major implications for the mortgage market.
Mortgage Professionals Canada’s Annual State of the Residential Mortgage Market in Canada report provided a detailed look at borrower behaviour and mortgage market trends in 2020. The comprehensive report, compiled by MPC’s chief economist Will Dunning, looked at everything from average mortgage rates and sources of down payments to equity takeout and mortgage preferences.
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: March 26, 2021
Link to Original Article: https://www.canadianmortgagetrends.com/2021/03/the-state-of-the-mortgage-market-2021/