OTTAWA, December 18, 2013 — Canada Mortgage and Housing Corporation (CMHC) today released the 11th 2013 Canadian Housing Observer publication that provides a detailed annual review on the state of housing in Canada. This trusted yearly publication assists housing planners; researchers; policy makers; home builders; mortgage and real estate professionals; and municipal, provincial/territorial, and federal housing specialists.
Highlights of the Publication includes an annual review of the state of Canada’s housing and a substantial collection of online data resources helping to improve your understanding of housing trends and conditions and of key factors driving Canadian housing markets. Find statics and trends for the Residential mortgage lending market. One important statistic for mortgage rates 2013 has the average posted 5-year fixed mortgage rate at 5.19% in the first quarter of 2013, down from an average of 5.27% in 2012 and variable mortgage rates holding steady at 3%.
About the CMHC
Since it’s inception on January 1, 1946, the Canada Mortgage and Housing Corporation (CMHC), initially called Central Mortgage and Housing Corporation, has assisted helping Canadians access a wide choice of quality, affordable homes, while making vibrant, healthy communities and cities a reality across the country.
One of Comparemyrates.ca objectives is to help Canadians find and compare the best mortgage rates in Canada potentially saving thousands of dollars over the life of their mortgage.