Halifax Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 4.62% | * 0.02% |
| 2009: | 17.92% | 0.07% |
| 2008: | 10.98% | 0.04% |
| 2007: | 10.40% | 0.04% |
| 2006: | 12.72% | 0.05% |
| 2005: | 13.87% | 0.06% |
| 2004: | 9.25% | 0.04% |
| 2003: | 12.14% | 0.05% |
| 2002: | 8.09% | 0.03% |
This graph depicts the individual monthly volume history for Internet mortgage applications received from Halifax, NS.
The bar graph below depicts the volumes of 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 35.84% while our slowest is the fourth quarter (represented by the red bars) with 14.45%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 17.9% | |
| 2: | March: | 11.0% | |
| 3: | May: | 10.4% | |
| 4: | April: | 8.7% | |
| 5: | July: | 8.1% | |
| 6: | August: | 8.1% | |
| 7: | September: | 8.1% | |
| 8: | February: | 6.9% | |
| 9: | October: | 6.9% | |
| 10: | June: | 6.4% | |
| 11: | December: | 4.0% | |
| 12: | November: | 3.5% |
The data below plots the busy days for online applications that were received by CanEquity. A combined total of all occurrences of each day are represented for the past 5 years. In Halifax, the day with the most volume, generating 17.92% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 9.25% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 17.9% | |
| 2: | Monday: | 16.8% | |
| 3: | Wednesday: | 15.6% | |
| 4: | Thursday: | 15.0% | |
| 5: | Sunday: | 13.3% | |
| 6: | Friday: | 12.1% | |
| 7: | Saturday: | 9.3% |
In Halifax, mortgage applications are received 24 hours a day from the CanEquity web site. The statistics shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years.
| 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: | 2.3% |
| 06:00 to 06:59: | 1.7% |
| 07:00 to 07:59: | 7.5% |
| 08:00 to 08:59: | 8.7% |
| 09:00 to 09:59: | 6.4% |
| 10:00 to 10:59: | 7.5% |
| 11:00 to 11:59: | 4.6% |
| 12:00 to 12:59: | 7.5% |
| 13:00 to 13:59: | 3.5% |
| 14:00 to 14:59: | 5.2% |
| 15:00 to 15:59: | 4.0% |
| 16:00 to 16:59: | 8.1% |
| 17:00 to 17:59: | 11.0% |
| 18:00 to 18:59: | 6.9% |
| 19:00 to 19:59: | 3.5% |
| 20:00 to 20:59: | 0.6% |
| 21:00 to 21:59: | 4.0% |
| 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: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 001: | HALIFAX, NS | 0.406% |
| 002: | DARTMOUTH, NS | 0.291% |
| 003: | SYDNEY, NS | 0.141% |
| 004: | TRURO, NS | 0.117% |
| 005: | LOWER SACKVILLE, NS | 0.115% |
| 006: | YARMOUTH, NS | 0.092% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 29.5% | |
| First-time Buyer: | 23.7% | |
| No Money Down: | 15.0% | |
| Renewal: | 12.1% | |
| Refinance: | 9.8% | |
| Purchase: | 4.0% | |
| Variable Rate: | 2.3% | |
| Pre-approval: | 1.2% | |
| Equity Mortgage: | 1.2% | |
| Other: | 1.2% | |
| Total Application Types Found: 11 | ||
Average age: 35
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 the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Halifax: | $50,922.12 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | ($7,660.27) |
| mortgage co-applicants in Halifax: | $37,540.84 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | ($3,684.98) |
The chart and pie-graph below depicts the residential status of people living in Halifax who have applied for a mortgage using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 61.8% | |
| Own: | 28.3% | |
| Other: | 1.2% | |
| No Comment: | 8.1% | |
| Live with parents: | 0.6% |
The following table and pie chart represents the marital status of applicants from Halifax, Nova Scotia using the online mortgage application found on the CanEquity Mortgage web site. Approximately 52% of the mortgage applicants are either married or living common-law, while only 47% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 39.3% | |
| Married: | 34.7% | |
| Common-law: | 17.9% | |
| Divorced: | 5.8% | |
| Separated: | 2.3% |
