CAAMP publishes a regular report on Canadian mortgage market. The report made an argument that the mortgage regulation changes made in 2012 were detrimental towards housing market.
The report pointed out that growth of residential mortgage demand is slowing down year-over-year.
According to its author, Will Dunning, it is highly unlikely that mortgage rate is going to go up by a big factor in coming two years.
The report says fixed rate is the most popular choice among the borrower’s. Variable rate has fallen from its popularity in the late 2010’s.
The report has many interesting information. Some of which are presented in graphical form in this post. We hope that you enjoy the pictures.