Canada Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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Disclaimer:
CanEquity Mortgage has compiled the following data for educational and informational purposes as outlined in our privacy policy. All names, street and e-mail addresses, telephone numbers, dates of birth, and other forms of identification have been removed before the following data was compiled. These statistics are anonymous and contain no personal information, and cannot be used to gather such information.
The statistics gathered are from CanEquity’s web site and do not include inquiries via fax, e-mail, contact forms, phone-ins or walk-ins. The statistics gathered represent the growing Internet usage and mortgage trends found within Canada.
All information, charts and graphs represented are deemed accurate and reliable but no warranty or guarantee is implied. Data may be noticeably affected from time to time by changes in CanEquity Mortgage marketing efforts. Data may also be affected by Internet connectivity, outages and service (or lack of) to areas within Canada. The range of data collected is from 30,000 to 60,000 mortgage applicants from across Canada. All data has a deviation of +/- 1.00% for added anonymity. No statistic contained herein represents a single person.
This information may be used freely for educational or non-commercial use. For more information about this service, please e-mail marketing@canequity.com. Copyright © 2001-2008 CEG Research, The Canadian Equity Group Inc.
| Year | Volume |
|---|---|
| 2008: | * 9.08% |
| 2007: | 19.17% |
| 2006: | 20.74% |
| 2005: | 15.48% |
| 2004: | 13.77% |
| 2003: | 13.29% |
| 2002: | 8.47% |
The bar graph below shows the individual monthly volume history for online mortgage applications.
The following bar graph shows the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our first quarter (represented by the brown bars) with 31.09% while our slowest is the fourth quarter (represented by the red bars) with 18.05%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 11.0% | |
| 2: | April: | 10.8% | |
| 3: | January: | 10.3% | |
| 4: | February: | 9.7% | |
| 5: | May: | 9.4% | |
| 6: | July: | 8.3% | |
| 7: | June: | 7.6% | |
| 8: | August: | 7.5% | |
| 9: | September: | 7.2% | |
| 10: | October: | 7.0% | |
| 11: | November: | 6.3% | |
| 12: | December: | 4.7% |
The graph below plots the busy days for online applications that were received by CanEquity's web site. Each day is a representation of the combined 6-year total of all instances of that day. In Canada, the day with the most volume, generating 17.97% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 9.36% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.0% | |
| 2: | Tuesday: | 17.9% | |
| 3: | Wednesday: | 16.0% | |
| 4: | Thursday: | 15.2% | |
| 5: | Friday: | 12.4% | |
| 6: | Sunday: | 11.1% | |
| 7: | Saturday: | 9.4% |
In Canada, mortgage applications are received 24 hours a day on the CanEquity web site. The following represents the rush hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.3% |
| 01:00 to 01:59: | 0.7% |
| 02:00 to 02:59: | 0.4% |
| 03:00 to 03:59: | 0.4% |
| 04:00 to 04:59: | 0.6% |
| 05:00 to 05:59: | 1.1% |
| 06:00 to 06:59: | 2.0% |
| 07:00 to 07:59: | 3.6% |
| 08:00 to 08:59: | 4.9% |
| 09:00 to 09:59: | 5.9% |
| 10:00 to 10:59: | 6.8% |
| 11:00 to 11:59: | 6.9% |
| 12:00 to 12:59: | 7.3% |
| 13:00 to 13:59: | 7.0% |
| 14:00 to 14:59: | 6.7% |
| 15:00 to 15:59: | 6.0% |
| 16:00 to 16:59: | 5.4% |
| 17:00 to 17:59: | 5.8% |
| 18:00 to 18:59: | 5.9% |
| 19:00 to 19:59: | 5.4% |
| 20:00 to 20:59: | 5.5% |
| 21:00 to 21:59: | 4.7% |
| 22:00 to 22:59: | 3.4% |
| 23:00 to 23:59: | 2.4% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.48% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.78% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.35% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.59% |
| Yukon Territories: | 0.21% |
| City or Town within Canada | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Home Loan | |
|---|---|---|---|---|---|---|
| 001: | CALGARY, AB | 7.339% | 36 | $61,400.43 | $42,244.17 | $197,118.42 |
| 002: | TORONTO, ON | 5.018% | 37 | $70,013.65 | $51,312.98 | $241,204.52 |
| 003: | EDMONTON, AB | 4.598% | 35 | $54,086.57 | $39,417.90 | $176,095.18 |
| 004: | MISSISSAUGA, ON | 2.625% | 37 | $63,616.20 | $40,502.52 | $208,159.66 |
| 005: | REGINA, SK | 2.469% | 33 | $45,812.74 | $34,858.56 | $119,075.29 |
| 006: | OTTAWA, ON | 2.334% | 36 | $61,699.80 | $47,096.09 | $187,258.72 |
| 007: | LONDON, ON | 1.632% | 36 | $49,220.31 | $38,703.29 | $149,776.82 |
| 008: | BRAMPTON, ON | 1.566% | 38 | $55,402.59 | $37,851.28 | $183,628.80 |
| 009: | HAMILTON, ON | 1.463% | 37 | $50,960.16 | $35,234.95 | $136,927.47 |
| 010: | WINNIPEG, MB | 1.185% | 36 | $46,833.91 | $31,199.08 | $109,177.72 |
| 011: | VANCOUVER, BC | 1.092% | 37 | $61,595.19 | $40,760.82 | $255,533.62 |
| 012: | SCARBOROUGH, ON | 0.990% | 37 | $54,185.64 | $38,140.45 | $201,142.93 |
| 013: | KITCHENER, ON | 0.973% | 37 | $55,699.92 | $47,245.34 | $158,545.13 |
| 014: | WINDSOR, ON | 0.930% | 36 | $55,787.46 | $38,673.19 | $128,613.46 |
| 015: | BARRIE, ON | 0.920% | 36 | $54,404.16 | $34,510.51 | $154,731.99 |
| 016: | BURLINGTON, ON | 0.854% | 40 | $68,635.95 | $43,903.08 | $183,140.24 |
| 017: | SURREY, BC | 0.821% | 38 | $60,255.51 | $38,900.07 | $204,653.28 |
| 018: | MONTREAL, QC | 0.818% | 36 | $64,951.09 | $43,137.70 | $207,136.23 |
| 019: | VICTORIA, BC | 0.748% | 38 | $58,087.65 | $37,784.60 | $208,171.87 |
| 020: | SASKATOON, SK | 0.718% | 36 | $48,785.05 | $37,362.39 | $134,154.53 |
| 021: | OAKVILLE, ON | 0.705% | 40 | $73,231.54 | $43,418.10 | $200,911.84 |
| 022: | OSHAWA, ON | 0.645% | 37 | $54,210.90 | $40,564.79 | $142,068.32 |
| 023: | RED DEER, AB | 0.602% | 33 | $52,656.95 | $36,578.70 | $172,377.20 |
| 024: | ST CATHARINES, ON | 0.573% | 35 | $49,861.76 | $34,278.53 | $146,777.67 |
| 025: | BRANTFORD, ON | 0.569% | 35 | $48,754.99 | $33,827.59 | $134,868.97 |
| 026: | ETOBICOKE, ON | 0.556% | 36 | $52,588.85 | $39,950.94 | $207,652.61 |
| 027: | GUELPH, ON | 0.553% | 36 | $56,857.56 | $37,898.24 | $160,172.40 |
| 028: | CAMBRIDGE, ON | 0.540% | 38 | $53,041.15 | $39,093.47 | $147,571.46 |
| 029: | RICHMOND HILL, ON | 0.533% | 40 | $72,494.17 | $56,807.99 | $202,552.45 |
| 030: | FORT MCMURRAY, AB | 0.506% | 35 | $83,011.68 | $43,465.95 | $255,598.42 |
| 031: | NORTH YORK, ON | 0.503% | 36 | $55,821.49 | $41,526.03 | $235,023.27 |
| 032: | KINGSTON, ON | 0.490% | 39 | $55,861.81 | $37,038.47 | $151,796.33 |
| 033: | MARKHAM, ON | 0.437% | 36 | $63,467.95 | $42,133.58 | $212,275.89 |
| 034: | SHERWOOD PARK, AB | 0.430% | 39 | $67,137.38 | $44,518.77 | $183,867.15 |
| 035: | LETHBRIDGE, AB | 0.430% | 39 | $50,729.89 | $28,036.81 | $162,237.74 |
| 036: | HALIFAX, NS | 0.414% | 35 | $48,734.72 | $39,102.32 | $138,437.01 |
| 037: | GATINEAU, QC | 0.410% | 36 | $57,158.98 | $39,143.70 | $152,162.65 |
| 038: | KELOWNA, BC | 0.387% | 39 | $62,035.19 | $29,497.96 | $175,224.83 |
| 039: | MOOSE JAW, SK | 0.381% | 37 | $44,234.63 | $33,164.22 | $102,730.46 |
| 040: | PETERBOROUGH, ON | 0.381% | 38 | $51,507.91 | $52,510.79 | $134,171.36 |
| 041: | NIAGARA FALLS, ON | 0.377% | 35 | $41,928.23 | $34,092.74 | $131,667.59 |
| 042: | THUNDER BAY, ON | 0.374% | 37 | $50,062.28 | $37,815.82 | $98,750.66 |
| 043: | WHITBY, ON | 0.371% | 38 | $61,065.81 | $43,557.44 | $155,234.49 |
| 044: | SAULT STE MARIE, ON | 0.367% | 36 | $41,293.17 | $42,619.00 | $98,618.29 |
| 045: | AJAX, ON | 0.364% | 39 | $58,804.70 | $37,939.15 | $180,895.32 |
| 046: | ABBOTSFORD, BC | 0.357% | 37 | $52,561.19 | $37,757.60 | $204,360.74 |
| 047: | GRANDE PRAIRIE, AB | 0.357% | 34 | $61,957.29 | $47,818.56 | $174,165.24 |
| 048: | BURNABY, BC | 0.344% | 35 | $53,405.80 | $39,686.60 | $217,841.09 |
| 049: | WATERLOO, ON | 0.341% | 36 | $61,765.34 | $40,030.97 | $181,725.93 |
| 050: | PICKERING, ON | 0.338% | 38 | $62,943.63 | $52,995.37 | $168,948.43 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 24.8% | |
| First-time Buyer: | 20.1% | |
| Refinance: | 18.0% | |
| No Money Down: | 12.1% | |
| Renewal: | 9.7% | |
| Purchase: | 6.1% | |
| Variable Rate: | 2.3% | |
| Pre-approval: | 1.6% | |
| Investment: | 1.0% | |
| Commercial: | 1.0% | |
| Other: | 3.3% | |
| Total Application Types Found: 22 | ||
Average age: 37
Oldest age: 88
Youngest age: 19
The information below represents the average income of applicants living in Canada who have applied for a loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| applicants within all of Canada: | $56,384.30 |
| co-applicants within all of Canada: | $39,375.53 |
| Difference: | $17,008.77 |
The information below represents the residential status of people living in Canada who have applied for a loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 42.1% | |
| Own: | 44.5% | |
| Other: | 2.1% | |
| No Comment: | 6.7% | |
| Live with parents: | 4.6% |
The following pie chart represents the marital status of applicants using the online mortgage application located at the CanEquity web site. In Canada, approximately 63% of the mortgage applicants are living common-law or married, while only 36% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 49.8% | |
| Single: | 27.8% | |
| Common-law: | 13.4% | |
| Separated: | 4.2% | |
| Divorced: | 4.1% | |
| Widowed: | 0.7% |
