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CAAMP Mortgage Insights January 2015

The Canadian Association of Accredited Mortgage Professionals (CAAMP) does a great job of compiling information about the Canadian economy and housing market as it relates to the mortgage consumer. Here are some of the highlights from the January 2015 Mortgage Insights where CAAMP interviewed over 2000 Canadians.

Economy

Despite the often negative economic narrative perpetrated by the media, our study continues to find strong, but cautious optimism among the majority of Canadians. Although some uncertainty exists in the short-term economic outlook, the majority of Canadians remain cautiously optimistic in our economy, very comfortable with their own financial positions, and continue to feel that Canadian real estate is a good long-term investment

their own financial positions… A continuing trend we have noticed over the past five years shows that while Canadian homeowners overwhelmingly feel comfortable with their own mortgage and financial situation, there is significant concern that others may not be in such a good situation.

Three-quarters of Canadians (76%) say they would be well-positioned to weather a potential economic storm.

While a similar proportion (73%) say they do not regret taking on the size of their mortgage. However, when asked for perceptions about other Canadians, a similar three-quarters (78%) agree that low interest rates mean many Canadians have bought homes who should not have.

This is kind of funny if you think about it. 3 out of 4 Canadians believe they are in a good place financially, whereas that same 3 out of 4 Canadians believe their neighbours aren’t. Funny especially given the fact that everyone qualifies by the same rules!

  • Canadians say real estate is a good long term investment. 84%
  • Canadians agree that mortgages are ‘good debt’. 82%
  • Canadians are optimistic about the economy in the next 12 months. 68%
  • Canadians consider a home an investment. 30%
  • Canadians believe a home is a place to live. 70%
  • Canadians who plan to buy property in 2015. 5%
  • Canadians who said they could not have qualified for their mortgage if the minimum downpayment was 10% instead of 5%. 22%
  • Canadians who ran some calculations on an online mortgage calculator 34%
  • First time Home Buyers consulted a mortgage broker to help them arrange financing. 61%

If you want to read the report in it’s entirety, I have included it for your reference below. Enjoy!

CAAMP Mortgage Insights

If you are among the 5% of Canadians buying property in 2015, we should have a conversation. I would love to help you arrange mortgage financing.

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Here is an example of the quality of blog post we can publish on your website.

Author

Jackson Middleton

Jackson Middleton

Content Writer

Hey, I’m The KiltedBroker. Thanks for checking out my portfolio.

“CAAMP Mortgage Insights January 2015” was written in response as a summary of the CAAMP Report.

Obviously this post would be published on mortgage brokers blogs who are CAAMP members and are looking to share this type of information. This type of post contains lots of valuable information and is relatively shareable. It takes a dry report and adds some life to it.

My goal is to use my years of experience as a mortgage broker to create content that is accurate and relevant to publish on your blog in order to make you more referable.

I would love to work with you!

Jackson is extremely knowledgeable and has been a great resource to me for social media. When we looked at working together on the website, I didn’t realize how awesome it would look when it was done. I spent months looking for the right website designer and the costs I was looking at were insane.

Jackson was well within my budget and the results are amazing! Love it!

Sabeena Bubber

Mortgage Consultant, Xeva Mortgage

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