Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 8.00% | 0.00% |
| 2010: | 32.00% | 0.01% |
| 2009: | 8.00% | 0.00% |
| 2007: | 20.00% | 0.01% |
| 2006: | 4.00% | 0.00% |
| 2005: | 8.00% | 0.00% |
| 2004: | 4.00% | 0.00% |
| 2003: | 12.00% | 0.01% |
| 2002: | 4.00% | 0.00% |
The graph below plots the busy days for online inquiries that were received by the CanEquity web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Paradise, the day with the most volume, generating 24.00% of all applications, is Sunday. In comparison, Wednesday's are the slowest day with only 8.00% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Sunday: | 24.0% | |
| 2: | Monday: | 20.0% | |
| 3: | Friday: | 20.0% | |
| 4: | Tuesday: | 16.0% | |
| 5: | Saturday: | 12.0% | |
| 6: | Wednesday: | 8.0% |
In Paradise, mortgage applications are received 24 hours a day on the CanEquity web site. The following represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 8.0% of all mortgages are received before noon, while 56.0% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 05:00 to 05:59: | 4.0% |
| 06:00 to 06:59: | 4.0% |
| 07:00 to 07:59: | 4.0% |
| 08:00 to 08:59: | 12.0% |
| 09:00 to 09:59: | 8.0% |
| 10:00 to 10:59: | 4.0% |
| 11:00 to 11:59: | 8.0% |
| 12:00 to 12:59: | 4.0% |
| 13:00 to 13:59: | 24.0% |
| 14:00 to 14:59: | 4.0% |
| 15:00 to 15:59: | 4.0% |
| 16:00 to 16:59: | 4.0% |
| 17:00 to 17:59: | 8.0% |
| 18:00 to 18:59: | 4.0% |
| 19:00 to 19:59: | 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% |
| 008: | PORTUGAL COVE-ST PHILIPS, NL | 0.032% |
| 009: | HAPPY VALLEY-GOOSE BAY, NL | 0.019% |
| 010: | LABRADOR CITY, NL | 0.019% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 32.0% | |
| Refinance: | 20.0% | |
| Renewal: | 12.0% | |
| Purchase: | 12.0% | |
| Pre-approval: | 12.0% | |
| First-time Buyer: | 8.0% | |
| No Money Down: | 4.0% | |
| Total Application Types Found: 7 | ||
Average age: 38
Oldest age: 51
Youngest age: 23
The amounts below are the average income of Canadians living in Paradise who have applied for a home loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Paradise: | $77,038.33 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $17,539.87 |
| mortgage co-applicants in Paradise: | $36,667.86 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($5,735.27) |
The table and pie chart below represents the residential status of people living in Paradise who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 28.0% | |
| Own: | 64.0% | |
| Other: | 4.0% | |
| No Comment: | 4.0% |
The following information represents the marital status of applicants from Paradise, Newfoundland and Labrador using the preapproval application found on canequity.com. Over 96% of the mortgage applicants are living common-law or married, while only 4% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 72.0% | |
| Common-law: | 24.0% | |
| Single: | 4.0% |
