(June 29 – 15:20 ET) – Nearly two thirds of Canadian households own their homes, and more than half are mortgage free, reports the latest issue of Canada Mortgage and Housing Corporation’s Mortgage Market Trends.

“Mortgage payments account for about one-fifth of a household’s disposable income for those who have a mortgage,” according to Ali Manouchehri, a senior economist at CMHC’s Market Analysis Centre. “This share ranges from a low of 1% in Saskatchewan to a high of 25% in British Columbia.”

Mortgage Market Trends is the sole source of objective and credible mortgage market data and analysis in Canada.
-IE Staff