Mortgage Broker

Spring 2014

Mortgage Broker is the magazine of the Canadian Mortgage Brokers Association and showcases the multi-billion dollar mortgage-broking industry to all levels of government, associated organizations and other interested individuals.

Issue link: http://digital.canadawide.com/i/309414

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industrystatistics MortgageBroker mbabc.ca spring 2014 | 21 By The Numbers *Homeowners who purchased their homes between 1999 and 2008. Chawla, Raj K. 2011. e distribution of mortgage debt in Canada. Perspectives on Labour and Income. Summer 2011, vol.23, no. 2. Statistics Canada Catalogue no. 75-001-XIE. The percentage of Canadians who consider mortgages are 'good debt.' Canadian Association of Accredited Mortgage Professionals: Mortgage Insights 2013, by Kyle Davies, account director for Maritz Research Council. www.caamp.org The percentage of outstanding mortgages originated by mortgage brokers – the highest share for mortgage brokers over five years of tracking. Canadian Association of Accredited Mortgage Professionals: Mortgage Insights 2013, by Kyle Davies, account director for Maritz Research Council. www.caamp.org e number of times Canada's banking system has been ranked Number 1 by the World Economic Forum for the most sound banking system in the world. Canadian Bankers Association. www.cba.ca e "low and stable" percentage of bank mortgages in arrears in Canada (as of December 2013). Evan Siddall, president and CEO of Canada Mortgage and Housing Corporation, speaking at the Canadian Home Builders' Association in Whistler (April 4, 2014). 80% 28% .32% 20¢ In B.C. households* spent 20 cents of every dollar of their disposable income on mortgage payments, compared with the national average of 17 cents. 6 p20-21_ByTheNumbers.indd 21 14-05-08 2:35 PM

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