(90% of new mortgages are for 35 years)The CAAMP survey indicates this is more like 30%.
From Cowtown moment:
Exacerbating things was a recession which knocked oil prices down, increased unemployment everywhere (it’s now a chilling 10% in the GTA) and actually led to a decrease in Calgary’s population last year.Calgary's population increased by 6,060 last year. There was a natural increase of 10,214 combined with a net migration out of 4,154.
Toronto's unemployment rate is 9.2%.
See Mike Fotiou's comment
See previous related posts here and here