Confidence In The Canadian Mortgage Market
May 2012 - Significant Statistics
- There is currently $994 billion in mortgages on primary residences and $161 billion in Home Equity Lines Credit (HELOCs).
- 83% of Canadians have at least 25% equity in their home. The average amount of equity is estimated at $214,000.
- Individuals with HELOCs have an average of 82% equity in their homes. Those with mortgages and HELOCs have an average of 41% equity in their homes. For those with just mortgages, equity is 49%.