CAAMP has released its annual mortgage report and it`s chock full of mortgage stats.  Here`s a rundown on the more notable ones:

• 5,250,000:  The number of Canadian home owners with mortgages.
• 29%:  The percentage of Canadian homeowners who got a new mortgage in the last 12 months.
• 86%:  The percentage of people renewing or refinancing that stayed with their existing lender.
• $136,000:  The average mortgagor`s equity.  This equity equals 51.7% of their home value on average.
• 22%:  The percentage of mortgagors who took equity out of their homes in the past 12 months.  People are spending more because last year it was 17%.
• $41,000:  The average equity that borrowers took out of their homes this year. That`s up 16% from last year. The most common reason for borrowing this equity? Debt consolidation.
• 50%:  The ratio of new mortgages taken out in the last year with amortizations greater than 25 years.
• 5.41%:  The average Canadian`s mortgage rate.  Last year it was 5.56%.
• 0.40%:  The average interest rate improvement realized by people who refinanced in the past year.
• 1.59%:  The average discount off of bank-posted rates.
• 1.96:  The average number of quotes people get when shopping for a mortgage.
• 0.28%:  The percentage of Canadians who are 90 days or more past due on their mortgage.  That`s up just slightly from last year.
• 10%:  The approximate decline in mortgage approvals that CAAMP foresees in 2009.
• 36%:  The percentage of Canadians who are aware that insured 40-year and 100% LTV mortgages have disappeared.

• 1-3 years:  29% of borrowers
• 4-5 year:  61% of borrowers
• Over 5 years:  10% of borrowers

• Major banks:  47%
• Mortgage brokers:  35%
• Credit Unions:  11%
• Other:  6%