Drop in permit values, online mortgage rates connected: CanEquity

“If building construction is down, then the need for mortgages is likely to decrease as well,” said Anthony De Almeida, chief executive officer of the Canadian Equity Group Inc.

Statistics Canada reported the drop in building permit values this week, surprising economists who had predicted a 0.5% to 0.7% increase instead.

In a subsequent news release, De Almeida connected the building permits to online mortgages. Citing data from CanEquity’s internal marketing research and Google Insights for Search, the release said online mortgages had dropped 20% since last year.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?