In the mortgage market of
Canada
the banks play a very significant role. To the end of the year 2004, Canada's Banks had $368 billion in outstanding residential
mortgages, which is 62.1% of total mortgage market ($593 billion).
In the
mortgage market of Canada there are different rates on mortgages.
In case of fixed rate mortgage in Canada you can use finance up to 75% of the value of the mortgaged property. There is the use of variable rate mortgage, capped rate mortgage and money saver mortgage in Canada.
