Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 18.00% | 0.02% |
| 2010: | 16.00% | 0.01% |
| 2009: | 16.00% | 0.01% |
| 2008: | 18.00% | 0.02% |
| 2006: | 8.00% | 0.01% |
| 2005: | 6.00% | 0.01% |
| 2004: | 14.00% | 0.01% |
| 2003: | 2.00% | 0.00% |
| 2002: | 2.00% | 0.00% |
The graph below illustrates the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Corner Brook mostly occur during our third quarter (represented by the blue bars) with 34.00% while our slowest is the fourth quarter (represented by the red bars) with 20.00%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 12.0% | |
| 2: | July: | 12.0% | |
| 3: | August: | 12.0% | |
| 4: | February: | 10.0% | |
| 5: | September: | 10.0% | |
| 6: | December: | 8.0% | |
| 7: | March: | 8.0% | |
| 8: | November: | 6.0% | |
| 9: | April: | 6.0% | |
| 10: | June: | 6.0% | |
| 11: | October: | 6.0% | |
| 12: | January: | 4.0% |
The information listed below compares the busy days for mortgage 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 Corner Brook the busiest day, with approximately 24.00% of all submissions, is Wednesday. In comparison, Sunday's are the slowest day with only 10.00% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 24.0% | |
| 2: | Saturday: | 16.0% | |
| 3: | Tuesday: | 14.0% | |
| 4: | Friday: | 14.0% | |
| 5: | Thursday: | 12.0% | |
| 6: | Monday: | 10.0% | |
| 7: | Sunday: | 10.0% |
In Corner Brook, mortgage applications are received 24 hours a day from the CanEquity web site. The information 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 |
|---|---|
| 02:00 to 02:59: | 2.0% |
| 04:00 to 04:59: | 2.0% |
| 05:00 to 05:59: | 6.0% |
| 07:00 to 07:59: | 4.0% |
| 08:00 to 08:59: | 6.0% |
| 09:00 to 09:59: | 6.0% |
| 10:00 to 10:59: | 6.0% |
| 11:00 to 11:59: | 8.0% |
| 12:00 to 12:59: | 12.0% |
| 13:00 to 13:59: | 4.0% |
| 14:00 to 14:59: | 8.0% |
| 15:00 to 15:59: | 10.0% |
| 16:00 to 16:59: | 2.0% |
| 17:00 to 17:59: | 8.0% |
| 18:00 to 18:59: | 8.0% |
| 19:00 to 19:59: | 4.0% |
| 20:00 to 20:59: | 4.0% |
| 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: | ST JOHN'S, NL | 0.315% |
| 002: | CORNER BROOK, NL | 0.094% |
| 003: | MOUNT PEARL, NL | 0.087% |
| 004: | CONCEPTION BAY SOUTH, NL | 0.047% |
| 005: | PARADISE, NL | 0.047% |
| 006: | GRAND FALLS-WINDSOR, NL | 0.043% |
| 007: | GANDER, NL | 0.038% |
| 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: | 26.0% | |
| No Money Down: | 22.0% | |
| Purchase: | 20.0% | |
| First-time Buyer: | 18.0% | |
| Refinance: | 6.0% | |
| Low Doc: | 2.0% | |
| Pre-approval: | 2.0% | |
| Second Mortgage: | 2.0% | |
| Renewal: | 2.0% | |
| Total Application Types Found: 9 | ||
Average age: 35
Oldest age: 56
Youngest age: 21
The amounts below are the average income of applicants living in Corner Brook who have submitted a mortgage inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Corner Brook: | $49,842.15 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($9,656.32) |
| mortgage co-applicants in Corner Brook: | $30,280.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($12,123.13) |
The table and pie chart below represents the residential status of people living in Corner Brook who have submitted a mortgage inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 54.0% | |
| Own: | 26.0% | |
| Other: | 4.0% | |
| No Comment: | 2.0% | |
| Live with parents: | 14.0% |
The following table and pie chart represents the marital status of applicants from Corner Brook, Newfoundland and Labrador using the mortgage preapproval application found at canequity.com. Approximately 66% of the mortgage applicants are either married or living common-law, while only 34% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 42.0% | |
| Single: | 30.0% | |
| Common-law: | 24.0% | |
| Divorced: | 2.0% | |
| Separated: | 2.0% |
