Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 14.29% | 0.01% |
| 2010: | 9.52% | 0.00% |
| 2009: | 4.76% | 0.00% |
| 2008: | 28.57% | 0.01% |
| 2007: | 4.76% | 0.00% |
| 2006: | 9.52% | 0.00% |
| 2005: | 4.76% | 0.00% |
| 2004: | 9.52% | 0.00% |
| 2003: | 4.76% | 0.00% |
| 2002: | 9.52% | 0.00% |
Inquiries are received 24 hours a day from the CanEquity web site. The report shown below represents the rush hours in the day. The data is taken from all days of all years. Only 9.5% of all mortgages are received before noon, while 85.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 4.8% |
| 05:00 to 05:59: | 4.8% |
| 11:00 to 11:59: | 4.8% |
| 12:00 to 12:59: | 4.8% |
| 13:00 to 13:59: | 14.3% |
| 14:00 to 14:59: | 19.0% |
| 16:00 to 16:59: | 14.3% |
| 17:00 to 17:59: | 9.5% |
| 18:00 to 18:59: | 9.5% |
| 19:00 to 19:59: | 4.8% |
| 21:00 to 21:59: | 4.8% |
| 22:00 to 22:59: | 4.8% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.57% |
| Manitoba: | 2.06% |
| New Brunswick: | 2.43% |
| Newfoundland and Labrador: | 1.25% |
| Nova Scotia: | 3.28% |
| Northwest Territories: | 0.40% |
| Nunavut: | 0.10% |
| Ontario: | 48.07% |
| Prince Edward Island: | 0.53% |
| Quebec: | 3.97% |
| Saskatchewan: | 4.94% |
| Yukon Territories: | 0.41% |
| Location | Contribution | |
|---|---|---|
| 046: | DRUMHELLER, AB | 0.043% |
| 047: | DIDSBURY, AB | 0.043% |
| 048: | REDCLIFF, AB | 0.043% |
| 049: | ONOWAY, AB | 0.043% |
| 050: | GRANDE CACHE, AB | 0.042% |
| 051: | ST PAUL, AB | 0.040% |
| 052: | VEGREVILLE, AB | 0.040% |
| 053: | MORINVILLE, AB | 0.038% |
| 054: | NANTON, AB | 0.036% |
| 055: | HIGH LEVEL, AB | 0.036% |
| 056: | GIBBONS, AB | 0.034% |
| 1 | Elk Point, Alberta |
| 2 | Glendon, Alberta |
| 3 | Bonnyville, Alberta |
| 4 | Myrnam, Alberta |
| 5 | Ardmore, Alberta |
| 6 | Marwayne, Alberta |
| 7 | Mannville, Alberta |
| 8 | Islay, Alberta |
| 9 | Kitscoty, Alberta |
| 10 | Andrew, Alberta |
| 11 | Cold Lake, Alberta |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| No Money Down: | 23.8% | |
| Refinance: | 19.0% | |
| First-time Buyer: | 19.0% | |
| Purchase: | 14.3% | |
| Qualification: | 14.3% | |
| Renewal: | 9.5% | |
| Total Application Types Found: 6 | ||
Average age: 34
Oldest age: 66
Youngest age: 23
The figures below represent the average income of applicants living in St Paul who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in St Paul: | $81,085.14 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $21,586.68 |
| mortgage co-applicants in St Paul: | $40,536.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($1,867.13) |
Since the average income of St Paul is notability higher than our Canadian national average, we have included the MEDIAN annual gross income for this location. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.
| Median annual gross income for | |
|---|---|
| mortgage applicants in St Paul: | $70,000.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $10,501.53 |
The information shown below represents the residential status of people living in St Paul who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 52.4% | |
| Own: | 33.3% | |
| Other: | 4.8% | |
| No Comment: | 9.5% |
The following table and pie chart represents the marital status of applicants from St Paul, Alberta using the mortgage application located at the CanEquity web site. Approximately 71% of the mortgage applicants are living with someone, while only 28% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 42.9% | |
| Common-law: | 28.6% | |
| Single: | 23.8% | |
| Divorced: | 4.8% |
