Home Financing Choices of Canadians

As part of this year’s survey, we asked a series of new questions to help mortgage professionals, the housing industry and Canadians better understand the ever-changing mortgage landscape. Here are the key facts you need to know.

We have the data, and now you can too.

Download the Home Financing Choice of Canadians infographic.


  • Most homebuyers and refinancers obtained a mortgage loan only, a fixed interest rate, a 5-year renewal term and 25-year amortization period.
  • 48% of all mortgage consumers would consider a longer renewal term at a fixed interest rate.
  • Of those impacted by the mortgage qualification rule changes, the main way it caused them to review their purchase plan was to decrease non-essential expenses.
  • Of all respondents with a HELOC, the main way they plan to use their HELOC is as a safety net or emergency fund.

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Date Published: October 18, 2018