Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 15.39% | * 0.01% |
| 2009: | 20.51% | 0.02% |
| 2008: | 23.08% | 0.02% |
| 2006: | 10.26% | 0.01% |
| 2005: | 7.69% | 0.01% |
| 2004: | 17.95% | 0.01% |
| 2003: | 2.56% | 0.00% |
| 2002: | 2.56% | 0.00% |
The bar graph listed below plots the busy days for online inquiries that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Corner Brook, the day with the most volume, generating 17.95% of all applications, is Friday. In comparison, Monday's are the slowest day with only 7.69% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Friday: | 17.9% | |
| 2: | Wednesday: | 17.9% | |
| 3: | Saturday: | 17.9% | |
| 4: | Tuesday: | 12.8% | |
| 5: | Thursday: | 12.8% | |
| 6: | Sunday: | 12.8% | |
| 7: | Monday: | 7.7% |
In Corner Brook, mortgages are received 24 hours a day from the CanEquity web site. The information shown below represents the busy hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 02:00 to 02:59: | 2.6% |
| 04:00 to 04:59: | 2.6% |
| 05:00 to 05:59: | 5.1% |
| 07:00 to 07:59: | 5.1% |
| 08:00 to 08:59: | 2.6% |
| 09:00 to 09:59: | 7.7% |
| 10:00 to 10:59: | 7.7% |
| 11:00 to 11:59: | 5.1% |
| 12:00 to 12:59: | 15.4% |
| 13:00 to 13:59: | 5.1% |
| 14:00 to 14:59: | 7.7% |
| 15:00 to 15:59: | 7.7% |
| 16:00 to 16:59: | 2.6% |
| 17:00 to 17:59: | 10.3% |
| 18:00 to 18:59: | 7.7% |
| 19:00 to 19:59: | 2.6% |
| 20:00 to 20:59: | 2.6% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.20% |
| British Columbia: | 10.79% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.19% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.60% |
| Prince Edward Island: | 0.47% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.29% |
| Location | Contribution | |
|---|---|---|
| 001: | ST JOHN'S, NL | 0.322% |
| 002: | MOUNT PEARL, NL | 0.088% |
| 003: | CORNER BROOK, NL | 0.086% |
| 004: | PARADISE, NL | 0.046% |
| 005: | CONCEPTION BAY SOUTH, NL | 0.042% |
| 006: | GRAND FALLS-WINDSOR, NL | 0.042% |
| 007: | GANDER, NL | 0.035% |
| 008: | PORTUGAL COVE-ST PHILIPS, NL | 0.033% |
| 1 | Mount Moriah, Newfoundland and Labrador |
| 2 | Pasadena, Newfoundland and Labrador |
| 3 | Rocky Harbour, Newfoundland and Labrador |
| 4 | Deer Lake, Newfoundland and Labrador |
| 5 | Stephenville, Newfoundland and Labrador |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 33.3% | |
| First-time Buyer: | 23.1% | |
| No Money Down: | 20.5% | |
| Refinance: | 7.7% | |
| Purchase: | 5.1% | |
| Low Doc: | 2.6% | |
| Pre-approval: | 2.6% | |
| Second Mortgage: | 2.6% | |
| Renewal: | 2.6% | |
| Total Application Types Found: 9 | ||
Average age: 36
Oldest age: 56
Youngest age: 22
The following figures show the average income of applicants living in Corner Brook who have applied for a loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Corner Brook: | $51,937.11 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | ($7,008.77) |
| mortgage co-applicants in Corner Brook: | $26,133.33 |
| co-applicants within all of Canada: | $41,522.27 |
| Difference: | ($15,388.94) |
The information shown below represents the residential status of people living in Corner Brook who have applied for a loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 53.8% | |
| Own: | 25.6% | |
| Other: | 5.1% | |
| No Comment: | 2.6% | |
| Live with parents: | 12.8% |
The information below shows the marital status of applicants from Corner Brook, Newfoundland and Labrador using the mortgage application found on the CanEquity Mortgage web site. In Corner Brook, approximately 61% of the mortgage applicants are living common-law or married, while only 38% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 43.6% | |
| Single: | 33.3% | |
| Common-law: | 17.9% | |
| Divorced: | 2.6% | |
| Separated: | 2.6% |
