Canadian Attitudes on Mortgages

Canadians Attitudes on Mortgages 45% of Canadians would choose a fixed rate mortgage if they had to decide today 26% of Canadians would choose a variable rate mortgage 25% of Canadians were unsure of which type of mortgage they would choose

FACT: 76% of Canadian homebuyers consult their banker for mortgage advice and 40% feel that the bank is their primary source of information about financing their home purchase.

Percentage of Canadians who would choose a fixed rate mortgage if they were to acquire, refinance or renew a mortgage today, by region in 2013: 37% of Canadians in Atlantic Canada 45% of Canadians in Quebec 41% of Canadians in Ontario 64% of Canadians in Manitoba and Saskatchewan 47% of Canadians in Alberta 49% of Canadians in British Columbia Percentage of Canadians who would choose a variable rate mortgage if they were to acquire, refinance or renew a mortgage today, by region in 2013: 25% of Canadians in Atlantic Canada 32% of Canadians in Quebec 26% of Canadians in Ontario 18% of Canadians in Manitoba and Saskatchewan 26% of Canadians in Alberta 22% of Canadians in British Columbia

Quick facts about the Canadian Real Estate Market

40% of Canadians plan to buy a home within the next two years 52% of Canadians feel that now is the time to buy 43% feel that home prices will be higher at this time next year 40% feel that the housing market is balanced

*Sources: RBC, CIBC

Contact me for more information about the local market or to connect you with a reputable mortgage lender in my network.

 

   

Maureen Seguin

Maureen Seguin

Personal Real Estate Corporation
CENTURY 21 In Town Realty
Contact Me

Tags