Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 15.79% | 0.01% |
| 2010: | 13.16% | 0.01% |
| 2009: | 15.79% | 0.01% |
| 2008: | 5.26% | 0.00% |
| 2007: | 23.68% | 0.02% |
| 2006: | 15.79% | 0.01% |
| 2005: | 5.26% | 0.00% |
| 2003: | 5.26% | 0.00% |
The bar graph below plots the busy days for online applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Glace Bay the busiest day, with approximately 23.68% of all submissions, is Tuesday. In comparison, Sunday's are the slowest day with only 7.89% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 23.7% | |
| 2: | Monday: | 21.1% | |
| 3: | Wednesday: | 18.4% | |
| 4: | Saturday: | 10.5% | |
| 5: | Thursday: | 10.5% | |
| 6: | Friday: | 7.9% | |
| 7: | Sunday: | 7.9% |
Mortgage applications are received 24 hours a day on our web site. The information shown below represents the rush hours in the day. The data is taken from all days of all years. Only 36.8% of all mortgages are received before noon, while 63.2% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 06:00 to 06:59: | 2.6% |
| 07:00 to 07:59: | 10.5% |
| 08:00 to 08:59: | 7.9% |
| 09:00 to 09:59: | 2.6% |
| 10:00 to 10:59: | 13.2% |
| 12:00 to 12:59: | 5.3% |
| 13:00 to 13:59: | 5.3% |
| 14:00 to 14:59: | 5.3% |
| 15:00 to 15:59: | 7.9% |
| 16:00 to 16:59: | 2.6% |
| 17:00 to 17:59: | 15.8% |
| 18:00 to 18:59: | 10.5% |
| 19:00 to 19:59: | 5.3% |
| 20:00 to 20:59: | 5.3% |
| 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 | |
|---|---|---|
| 003: | SYDNEY, NS | 0.183% |
| 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% |
| 1 | Reserve Mines, Nova Scotia |
| 2 | Dominion, Nova Scotia |
| 3 | New Waterford, Nova Scotia |
| 4 | Sydney, Nova Scotia |
| 5 | North Sydney, Nova Scotia |
| 6 | Georges River, Nova Scotia |
| 7 | Baddeck, Nova Scotia |
| 8 | Sydney Mines, Nova Scotia |
| 9 | Northside East Bay, Nova Scotia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 23.7% | |
| No Money Down: | 21.1% | |
| Refinance: | 18.4% | |
| Qualification: | 18.4% | |
| Purchase: | 13.2% | |
| Pre-approval: | 2.6% | |
| HELOC: | 2.6% | |
| Total Application Types Found: 7 | ||
Average age: 39
Oldest age: 61
Youngest age: 22
The information below represents the average income of applicants living in Glace Bay who have submitted a mortgage inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Glace Bay: | $49,916.50 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($9,581.97) |
| mortgage co-applicants in Glace Bay: | $33,222.22 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($9,180.91) |
The following depicts the residential status of people living in Glace Bay who have submitted a mortgage inquiry using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 36.8% | |
| Own: | 55.3% | |
| Live with parents: | 7.9% |
The following information represents the marital status of applicants from Glace Bay, Nova Scotia using the online mortgage application located at canequity.com. In Glace Bay, approximately 44% of the mortgage applicants are living common-law or married, while only 50% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 42.1% | |
| Married: | 39.5% | |
| Divorced: | 5.3% | |
| Widowed: | 5.3% | |
| Common-law: | 5.3% | |
| Separated: | 2.6% |
