Halifax Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 2.94% | * 0.01% |
| 2009: | 18.23% | 0.07% |
| 2008: | 11.18% | 0.05% |
| 2007: | 10.59% | 0.04% |
| 2006: | 12.94% | 0.05% |
| 2005: | 14.12% | 0.06% |
| 2004: | 9.41% | 0.04% |
| 2003: | 12.35% | 0.05% |
| 2002: | 8.23% | 0.03% |
The following depicts the individual monthly volume history for Internet mortgage pre-approval applications received from Halifax, NS.
This graph illustrates the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Halifax occur during our first quarter (represented by the brown bars) with 34.71% while our slowest is the fourth quarter (represented by the red bars) with 14.71%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 18.2% | |
| 2: | May: | 10.6% | |
| 3: | March: | 10.0% | |
| 4: | April: | 8.8% | |
| 5: | July: | 8.2% | |
| 6: | August: | 8.2% | |
| 7: | September: | 8.2% | |
| 8: | October: | 7.1% | |
| 9: | February: | 6.5% | |
| 10: | June: | 6.5% | |
| 11: | December: | 4.1% | |
| 12: | November: | 3.5% |
The bar graph listed below compares the busy days for mortgage applications that were received by CanEquity. Each day represents a combined total of all occurrences of that day in the past 5 years. In Halifax the busiest day, with approximately 17.65% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 9.41% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 17.6% | |
| 2: | Monday: | 16.5% | |
| 3: | Wednesday: | 15.9% | |
| 4: | Thursday: | 15.3% | |
| 5: | Sunday: | 13.5% | |
| 6: | Friday: | 11.8% | |
| 7: | Saturday: | 9.4% |
In Halifax, mortgage applications are received 24 hours a day from the CanEquity web site. The statistics shown below represents the peak hours in the day. The data is taken from all days of all years. Only 34.1% of all mortgages are received before noon, while 56.5% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 0.6% |
| 02:00 to 02:59: | 0.6% |
| 03:00 to 03:59: | 2.9% |
| 04:00 to 04:59: | 1.2% |
| 05:00 to 05:59: | 2.4% |
| 06:00 to 06:59: | 1.8% |
| 07:00 to 07:59: | 7.1% |
| 08:00 to 08:59: | 8.8% |
| 09:00 to 09:59: | 6.5% |
| 10:00 to 10:59: | 7.6% |
| 11:00 to 11:59: | 4.1% |
| 12:00 to 12:59: | 7.1% |
| 13:00 to 13:59: | 3.5% |
| 14:00 to 14:59: | 5.3% |
| 15:00 to 15:59: | 4.1% |
| 16:00 to 16:59: | 8.2% |
| 17:00 to 17:59: | 11.2% |
| 18:00 to 18:59: | 7.1% |
| 19:00 to 19:59: | 3.5% |
| 20:00 to 20:59: | 0.6% |
| 21:00 to 21:59: | 4.1% |
| 22:00 to 22:59: | 0.6% |
| 23:00 to 23:59: | 1.2% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.14% |
| British Columbia: | 10.92% |
| Manitoba: | 2.10% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.89% |
| Northwest Territories: | 0.31% |
| Nunavut: | 0.09% |
| Ontario: | 48.84% |
| Prince Edward Island: | 0.43% |
| Quebec: | 4.05% |
| Saskatchewan: | 5.08% |
| Yukon Territories: | 0.25% |
| Location | Contribution | |
|---|---|---|
| 001: | HALIFAX, NS | 0.407% |
| 002: | DARTMOUTH, NS | 0.285% |
| 003: | SYDNEY, NS | 0.141% |
| 004: | TRURO, NS | 0.115% |
| 005: | LOWER SACKVILLE, NS | 0.110% |
| 006: | YARMOUTH, NS | 0.086% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 29.4% | |
| First-time Buyer: | 24.1% | |
| No Money Down: | 15.3% | |
| Renewal: | 11.8% | |
| Refinance: | 9.4% | |
| Purchase: | 4.1% | |
| Variable Rate: | 2.4% | |
| Pre-approval: | 1.2% | |
| Equity Mortgage: | 1.2% | |
| Other: | 1.2% | |
| Total Application Types Found: 11 | ||
Average age: 36
Oldest age: 85
Youngest age: 23
The following depicts the average income of people living in Halifax who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Halifax: | $50,860.84 |
| applicants within all of Canada: | $58,448.42 |
| Difference: | ($7,587.58) |
| mortgage co-applicants in Halifax: | $37,540.84 |
| co-applicants within all of Canada: | $41,110.46 |
| Difference: | ($3,569.62) |
The table and pie chart below represents the residential status of people living in Halifax who have applied for a home loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 61.8% | |
| Own: | 28.2% | |
| Other: | 1.2% | |
| No Comment: | 8.2% | |
| Live with parents: | 0.6% |
The information below shows the marital status of applicants from Halifax, Nova Scotia using the mortgage application found on canequity.com. In Halifax, 52% of the mortgage applicants are living with someone, while only 47% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 39.4% | |
| Married: | 34.7% | |
| Common-law: | 17.6% | |
| Divorced: | 5.9% | |
| Separated: | 2.4% |
