Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 10.71% | 0.01% |
| 2010: | 10.71% | 0.01% |
| 2009: | 14.29% | 0.01% |
| 2008: | 14.29% | 0.01% |
| 2007: | 10.71% | 0.01% |
| 2006: | 3.57% | 0.00% |
| 2005: | 7.14% | 0.00% |
| 2004: | 7.14% | 0.00% |
| 2003: | 10.71% | 0.01% |
| 2002: | 10.71% | 0.01% |
The graph listed below illustrates the busy days for online mortgage applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Bedford, the day with the most volume, having more than 28.57% of all applications, is Monday. In comparison, Thursday's are the slowest day with only 7.14% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 28.6% | |
| 2: | Tuesday: | 28.6% | |
| 3: | Sunday: | 10.7% | |
| 4: | Saturday: | 10.7% | |
| 5: | Friday: | 7.1% | |
| 6: | Wednesday: | 7.1% | |
| 7: | Thursday: | 7.1% |
Inquiries are received 24 hours a day via the CanEquity web site. The graph shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years. Only 39.3% of all mortgages are received before noon, while 60.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 07:00 to 07:59: | 14.3% |
| 08:00 to 08:59: | 7.1% |
| 09:00 to 09:59: | 3.6% |
| 10:00 to 10:59: | 7.1% |
| 11:00 to 11:59: | 7.1% |
| 12:00 to 12:59: | 7.1% |
| 13:00 to 13:59: | 7.1% |
| 14:00 to 14:59: | 14.3% |
| 16:00 to 16:59: | 14.3% |
| 17:00 to 17:59: | 7.1% |
| 18:00 to 18:59: | 3.6% |
| 20:00 to 20:59: | 3.6% |
| 21:00 to 21:59: | 3.6% |
| 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 | |
|---|---|---|
| 004: | TRURO, NS | 0.159% |
| 005: | LOWER SACKVILLE, NS | 0.121% |
| 006: | AMHERST, NS | 0.100% |
| 007: | YARMOUTH, NS | 0.094% |
| 008: | GLACE BAY, NS | 0.072% |
| 009: | BEDFORD, NS | 0.053% |
| 010: | BRIDGEWATER, NS | 0.053% |
| 011: | KENTVILLE, NS | 0.051% |
| 012: | PICTOU, NS | 0.047% |
| 013: | LIVERPOOL, NS | 0.045% |
| 014: | NORTH SYDNEY, NS | 0.042% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 21.4% | |
| Qualification: | 17.9% | |
| No Money Down: | 14.3% | |
| Purchase: | 14.3% | |
| First-time Buyer: | 10.7% | |
| Refinance: | 10.7% | |
| Pre-approval: | 3.6% | |
| Commercial: | 3.6% | |
| Equity Mortgage: | 3.6% | |
| Total Application Types Found: 9 | ||
Average age: 37
Oldest age: 60
Youngest age: 21
The following figures show the average income of applicants living in Bedford who have applied for a loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Bedford: | $79,239.20 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $19,740.73 |
| mortgage co-applicants in Bedford: | $36,117.92 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($6,285.21) |
The information below represents the residential status of people living in Bedford who have submitted an inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 50.0% | |
| Own: | 39.3% | |
| Other: | 7.1% | |
| No Comment: | 3.6% |
The following information represents the marital status of applicants from Bedford, Nova Scotia using the online mortgage application found at the CanEquity web site. Over 60% of the mortgage applicants are living together with someone, while only 35% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 46.4% | |
| Single: | 32.1% | |
| Common-law: | 14.3% | |
| Divorced: | 3.6% | |
| Widowed: | 3.6% |
