Big Banks Still Dominate Mortgage Market Share, Says CMHC

Author: External Author | Sep 30, 2020 | Categories: 1st Mortgage , 2nd Mortgage , Credit Counseling , Debt Consolidation , First Time Home Buyer , Home Equity Loan , Mortgage Broker , Mortgage Pre Approval , Mortgage Renewal , Mortgage Transfer , Mortgages , Private Mortgage , Refinance Mortgage , Self Employed Mortgage

Big banks originate nearly 7 out of 10 (67%) of new Canadian mortgages, although their market share has fallen slightly from last year, according to CMHC.

Of total mortgages outstanding, the big banks hold 72% of those loans, down from 75% in 2018, according to the latest Residential Mortgage Industry Report released by the Canada Mortgage and Housing Corporation (CMHC).

Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By: Steve Huebl

Original Article Posted on: September 14, 2020

Link to Original Article: https://www.canadianmortgagetrends.com/2020/09/big-banks-still-dominate-mortgage-market-share-says-cmhc/

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