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Now and Then: Understanding a Changing Canadian Mortgage Market

May 23 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwired) -- 05/23/13 -- From game changing affordability rules to record low mortgage rates, it has certainly been a tumultuous 5 years for home buyers in Canada. Just how much has the landscape of Canadian housing changed? To commemorate their 5-year anniversary, RateSupermarket.ca has compiled a snapshot of the Canadian mortgage market between 2008 and 2013.

The 5 Years of Mortgages infographic breaks down the most impactful mortgage milestones, and the resulting climate for today's home buyers. The analysis includes data collected by RateSupermarket.ca's RatePulse, the monthly mortgage digest.

The infographic can be viewed here, and includes insight on the following market trends:

-- A history of record low 5-year mortgage rates-- Changing consumer rate preferences-- How mortgage rule changes have affected Canadian home buyers and the market as a whole



"As Canada's most comprehensive financial rates comparison site, we strive to provide consumers with tools, resources and insight to Canadian personal finance products," says RateSupermarket.ca President Kelvin Mangaroo. "This historical data and market trend information can be of great use to consumers looking to understand mortgage markets."

To celebrate 5 years of service, RateSupermarket.ca is also offering a collection of special finance product rate offers, available until May 31, at http://www.ratesupermarket.ca/deals/5year/.

About RateSupermarket.ca (www.ratesupermarket.ca)

Over 3 million Canadians have found their best rate for personal finance products on RateSupermarket.ca. Launched in 2008, RateSupermarket.ca is Canada's largest and most comprehensive rate comparison site, offering visitors transparent access to the best mortgage rates as well as credit cards, bank accounts, insurance quotes and GIC rates.



Contacts:
RateSupermarket.ca
Penelope Graham
416-551-9445 ext 257
penelope@ratesupermarket.ca
www.ratesupermarket.ca





Source: Marketwire


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