2013: Mortgage Year in Review

With rate changes, economic factors south of the border and natural disasters boosting home sales in Calgary, 2013 was a big year for mortgage headlines and news. Let’s take a look back at some of the biggest news and statistics from last year. Statistics from 2013 2/3 of first-time homebuyers are under the age of 35 (CMHC) 65% of first-time homebuyers make $90,000 or less per year (CMHC) 76% of Canadians are confident with the size of their mortgage (CAAMP) 71% of Canadians think real estate will remain stable or grow over next 5 years (CAAMP) 40% of new mortgages this year came through a…