Key Findings from the Canadian Mortgage and Housing Corporation 2012 Mortgage Consumer survey
Consumers are looking more to the Internet for mortgage information and use
of social media is also growing
Recent buyers continue to rely heavily on mortgage professionals and others
for advice and information on a range of mortgage related topics
terms of share and loyalty
mortgage sooner
improvement
consumers and have some unique needs
Recent buyers are exploring their mortgage options and are
actively engaged in the mortgage process
Mortgage brokers and lenders both continue to do well in
Post transaction follow-up continues to be an important factor
driving client satisfaction and potential future business
Recent buyers report taking actions to pay down their
While there are positive indicators regarding the
financial literacy of recent buyers, there is room for
First-time buyers differ from other mortgage
To read the entire survey, please visit www.cmhc.ca/2012survey
MAYBE THOSE "GREAT" BANK MORTGAGE OFFERS ARE NOT SO GREAT AFTER ALL
Gary Marr of the National Post has written a great article regarding those deal mortgages banks want to offer you. It’s almost a chicken-and-egg argument, deciding whether the government comes first in the crackdown on consumer borrowing or if the banks should be responsible for reining in Canadian debt. This month, Finance Minister Jim Flaherty sounded like he’d had enough of banks posturing for the federal government to get tougher on borrowers and called on financial institutions to clamp down on their own customers. “I’ve tightened up the mortgage insurance market three times … I really don’t want to do it again,” he told reporters while commenting on the condominium sector. While some bank chief executives have put it on themselves to tighten their own lending rules, others continue to look to Ottawa to take the lead. In the interim, all you have to do is walk into a branch, grab some pamphlets and you will see an array of offers that could get you into even more debt trouble...
Thanks for sharing this excellent blog. We are the Mortgage Brokers of Canada, and we aim to provide individuals and families with expert mortgage advice and customized options that meet their specific needs. For more info, visit our website.
ReplyDeleteMortgage loan advisor