The Mortgage Market:

• 6.08 million: The number of homeowners with mortgages

• 1.72 million: The number of Home Equity Line of Credit holders

Mortgage Types

• 73% of mortgage holders with fixed-rate mortgages


• Mortgages on homes purchased specifically in 2020, fixed-rate mortgages were chosen 77% of the time

Mortgage Sources

• 55% of borrowers who took out a new mortgage in 2020 who obtained the mortgage through a Canadian bank


• Up slightly from 54% in 2019


• 31% of overall outstanding mortgages that were arranged by a mortgage broker this rises to 40% for mortgages obtained in 2020


• 9% of borrowers who obtained their mortgage through a credit union