CanEquity Mortgage Canada
Canadian mortgage rates,
mortgage calculator & news.

Canadian Mortgage News

April 2003 National News Archive


Related Links:
National Archive
2003 Archive
January 2003
February 2003
March 2003
April 2003
May 2003
June 2003
July 2003
August 2003
September 2003
October 2003
November 2003
December 2003

CanEquity Mortgage News RSS 2.0 Feed

CanEquity Mortgage News Atom Feed

About RSS and Atom Feeds

Portable Document Format Printable Version Page d'accueil franšais

Mortgage Market Showed Healthy Growth In 2002

OTTAWA, Ontario, April 16, 2003 — Low mortgage rates, robust employment and income growth, and weak equity markets laid the foundation for the remarkable performance of housing and mortgage markets last year, according to the latest issue of Canada Mortgage and Housing Corporation's (CMHC), CMHC Mortgage Market Trends.

"Residential mortgage credit grew 7.2 per cent in 2002, up from 4.2 per cent in 2001" said Ali Manouchehri, Senior Economist with CMHC's Market Analysis Centre.

The CMHC report also says, more than $22 billion in National Housing Act Mortgage-Backed Securities (NHA MBS) was issued in 2002, more than double that of 2001.

Mortgage Market Trends examines developments in the primary and secondary mortgage markets and explores topical issues of interest to mortgagees, mortgagors, policy makers, and the public. It is a quarterly publication of CMHC's Market Analysis Centre.

For further information contact:

Ali Manouchehri
(613) 748-2506 / 2868

News source: Canada Mortgage and Housing Corporation (CMHC)


Top of page