Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 18.31% | 0.05% |
| 2010: | 14.09% | 0.04% |
| 2009: | 13.38% | 0.04% |
| 2008: | 10.56% | 0.03% |
| 2007: | 7.75% | 0.02% |
| 2006: | 8.45% | 0.02% |
| 2005: | 8.45% | 0.02% |
| 2004: | 4.93% | 0.01% |
| 2003: | 13.38% | 0.04% |
| 2002: | 0.70% | 0.00% |
The following bar graph depicts the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Fredericton mostly occur during our second quarter (represented by the green bars) with 27.46% while our slowest is the fourth quarter (represented by the red bars) with 21.83%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 13.4% | |
| 2: | May: | 10.6% | |
| 3: | October: | 10.6% | |
| 4: | July: | 9.9% | |
| 5: | August: | 9.9% | |
| 6: | January: | 8.4% | |
| 7: | April: | 8.4% | |
| 8: | June: | 8.4% | |
| 9: | November: | 7.0% | |
| 10: | March: | 4.9% | |
| 11: | December: | 4.2% | |
| 12: | September: | 4.2% |
The bar graph below illustrates the busy days for Internet applications that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Fredericton the busiest day, with approximately 19.72% of all submissions, is Wednesday. In comparison, Saturday's are the slowest day with only 7.75% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 19.7% | |
| 2: | Monday: | 17.6% | |
| 3: | Sunday: | 16.2% | |
| 4: | Thursday: | 15.5% | |
| 5: | Friday: | 12.0% | |
| 6: | Tuesday: | 11.3% | |
| 7: | Saturday: | 7.8% |
In Fredericton, mortgage applications are received 24 hours a day via the CanEquity web site. The report shown below represents the busy hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.4% |
| 04:00 to 04:59: | 0.7% |
| 05:00 to 05:59: | 4.2% |
| 06:00 to 06:59: | 10.6% |
| 07:00 to 07:59: | 4.2% |
| 08:00 to 08:59: | 6.3% |
| 09:00 to 09:59: | 6.3% |
| 10:00 to 10:59: | 7.7% |
| 11:00 to 11:59: | 4.2% |
| 12:00 to 12:59: | 7.0% |
| 13:00 to 13:59: | 4.9% |
| 14:00 to 14:59: | 4.2% |
| 15:00 to 15:59: | 5.6% |
| 16:00 to 16:59: | 6.3% |
| 17:00 to 17:59: | 5.6% |
| 18:00 to 18:59: | 6.3% |
| 19:00 to 19:59: | 3.5% |
| 20:00 to 20:59: | 4.9% |
| 21:00 to 21:59: | 4.2% |
| 22:00 to 22:59: | 1.4% |
| 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 | |
|---|---|---|
| 001: | MONCTON, NB | 0.323% |
| 002: | SAINT JOHN, NB | 0.289% |
| 003: | FREDERICTON, NB | 0.268% |
| 004: | RIVERVIEW, NB | 0.091% |
| 005: | DIEPPE, NB | 0.083% |
| 006: | MIRAMICHI, NB | 0.081% |
| 007: | OROMOCTO, NB | 0.072% |
| 008: | BATHURST, NB | 0.057% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 29.6% | |
| First-time Buyer: | 28.2% | |
| No Money Down: | 12.0% | |
| Purchase: | 12.0% | |
| Refinance: | 7.0% | |
| Renewal: | 4.2% | |
| Pre-approval: | 2.8% | |
| Variable Rate: | 2.8% | |
| Other: | 1.4% | |
| Total Application Types Found: 10 | ||
Average age: 35
Oldest age: 65
Youngest age: 21
The information below represents the average income of Canadians living in Fredericton who have applied for a home loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Fredericton: | $45,006.97 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($14,491.50) |
| mortgage co-applicants in Fredericton: | $31,222.63 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($11,180.50) |
The chart and pie-graph below depicts the residential status of people living in Fredericton who have applied for a mortgage using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 71.8% | |
| Own: | 21.8% | |
| Other: | 1.4% | |
| No Comment: | 1.4% | |
| Live with parents: | 3.5% |
The following table and pie chart represents the marital status of applicants from Fredericton, New Brunswick using the preapproval application located at canequity.com. Approximately 55% of the mortgage applicants are living together with someone, while only 44% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 38.7% | |
| Single: | 34.5% | |
| Common-law: | 16.9% | |
| Divorced: | 4.9% | |
| Separated: | 4.9% |
