Why more mortgage consumers are working with...

The CMHC recently released their 2017 Mortgage Consumer Survey results, which outline key trends about home buying and home buyers in Canada. In March 2017, CMHC completed an online survey of 3,002 recent mortgage consumers, all prime household decision-makers who had undertaken a mortgage transaction in the past 12 months. Sixty-five percent had undergone a mortgage renewal, 15% had refinanced their mortgage, and 20% had purchased a home with mortgage financing (11% First-Time Buyers and 9% Repeat Buyers). CMHC has conducted this survey since 1999. It is the largest and most comprehensive survey of its kind in Canada. [CMHC] Most notably from the survey, is…