The COVID-19 pandemic has caused a massive shock to the economies of many nations around the world. While federal governments have responded in a fairly consistent manner through a combination of looser monetary policies and fiscal stimulus packages, most countries have experienced significant job losses and declines in gross domestic product over consecutive quarters.
Canada, Australia and the United Kingdom (UK) have all been impacted by the health crisis.
This report explores COVID-19 implications, and the ensuing economic impact on the mortgage markets in Canada, Australia and the UK. To succeed over the next 12 to 24 months, lenders need to understand the changing needs and expectations of this important customer segment and repositions their product and service offerings accordingly if they are to win the fight for mortgage customers.
There are many challenges for financial institutions to address as they look to win in the mortgage market.
Download this edition of KPMG’s 2020 Mortgage report to explore:
To learn more about the analysis and topics raised in this report, please contact the KPMG contributors in this publication.