Canada Mortgage and Housing Corporaon (CMHC) released today its annual Mortgage Consumer Survey (MCS). The largest survey of its kind, the MCS has been conducted since 1999 and provides insight into the behaviours, atudes and expectaons of Canadians when they acquire, renew or reﬁnance a mortgage. In April 2018, CMHC completed an online survey of 4,000 recent mortgage consumers, all prime household decision makers who had undertaken a mortgage transacon in the past 12 months. Sixty-eight percent had renewed their mortgage, 15% had reﬁnanced their mortgage, and 16% had purchased a home with mortgage ﬁnancing (9% ﬁrst-me buyers and 7% repeat buyers). Total results were weighted to reﬂect the actual proporon of households in each region.
Published by SHAWN VENASSE - Sales Representative (Royal LePage Real Estate Services Ltd., Brokerage)