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Teranet Monthly Market Insights Report for June 2020 – The Impact of the COVID-19 Pandemic on Mortgage Registrations in Ontario

Against the backdrop of the COVID-19 pandemic, the mortgage industry continues to experience uncertainty and change.

To help provide you up-to-date information and address your questions about the state of the mortgage market, we have pulled our authoritative data together to create a Monthly Market Insights Report.

This report highlights trends related to lender market share and provides an analysis of the mortgage registration activity across Ontario compared to previous years.

The report for June 2020 looks at mortgage registration data from January 2020 to May 2020, including:

  • As of May 2020, there were 38,800 residential mortgage transactions, which was a decrease from the 42,300 transactions in 2019 and 45,600 transactions in 2018.
  • Within the first five months of 2020, there have been 190,780 mortgage registrations, representing a total dollar amount of $91 billion.
  • All of the top 20 municipalities experienced a decrease in mortgage registration volume compared to the same time last year.
  • Lenders in all categories (including banks, individual lenders, private lenders, and mortgage finance companies) experienced a decrease in mortgage registration volumes compared to May 2019.

See more data in the full June 2020 Monthly Market Insights Report. Download your copy here: https://a2216.actonsoftware.com/acton/attachment/2216/f-7dd6a7ae-c9b6-43a3-89aa-f2cee2ad00c7/1/-/-/-/-/Teranet%20Monthly%20Market%20Insights%20Newsletter%20June%202020%20R2.pdf

Sign up to receive the Teranet Monthly Market Insight Reports straight to your inbox: https://ci23.actonsoftware.com/acton/fs/blocks/showLandingPage/a/2216/p/p-0065/t/page/fm/0

Purview has more in-depth property insights in our solutions for mortgage and financial professionals. Learn more by calling 1-855-787-8439 or visiting www.purview.ca.

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