Quote:
Originally Posted by chemgear
I found this back in 2010 and posted it in this thread then.
http://2.bp.blogspot.com/_0YOsyi5WbL...quity+5%25.Bmp
I haven't seen updated numbers in it - it's pretty nuts if it is correct though. It shows equity, not even the downpayment. How many 0% or 5% downpayments do you need to drag down the average when you include people who have paid off most of their home already. |
Doesn't that graph only show purchases though? Not overall equity.
As a result of stringent and prudent underwriting standards, the quality of CMHC’s loan portfolio is strong. As reported in CMHC’s
2010 Annual Report, (
p. 46 of annual report) 58 per cent of CMHC-insured mortgages have outstanding balances with a loan to value ratio less than 80 per cent, based on the original lending value. As reported in CMHC’s third quarter Quarterly Financial Report, if the current value of the properties is considered, more than 73 per cent of these mortgages have loan to value ratios less than 80 per cent.
Additionally, homeowners with outstanding CMHC-insured mortgages had, on average, equity of 45 per cent of the value of their homes.