Abhi (Abby) Uppal
Mortgage Specialist - MB608062
Tel: 250-391-2933 | Cell: 250-883-7069
Toll-Free877-391-2933 | Fax: 250-391-2985
Abhi (Abby) Uppal
Mortgage Specialist - MB608062
Tel: 250-391-2933 | Cell: 250-883-7069
Toll-Free877-391-2933 | Fax: 250-391-2985
From this new dataset BoC found that:
-As of September 2024, around 70% of outstanding mortgages have a current loan-to-value ratio of 65% or less.
-The median amount of principal owing on outstanding mortgages is $245,000.
-About 60% of outstanding mortgages will renew before the end of 2026. As well, about 40% of outstanding mortgages could be subject to a higher interest rate at renewal over the same period.
-The demographic characteristics of borrowers appear to be stable over time, with similar distributions between the overall stock and mortgage originations made in 2024.
source : https://www.bankofcanada.ca/2025/01/staff-analytical-note-2025-1/
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