Halifax Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 10.85% | * 0.04% |
| 2007: | 13.95% | 0.06% |
| 2006: | 17.05% | 0.07% |
| 2005: | 18.61% | 0.07% |
| 2004: | 12.40% | 0.05% |
| 2003: | 16.28% | 0.07% |
| 2002: | 10.85% | 0.04% |
The following displays the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Halifax happen to occur during our first quarter (represented by the brown bars) with 36.43% while our slowest is the fourth quarter (represented by the red bars) with 11.63%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 19.4% | |
| 2: | May: | 11.6% | |
| 3: | March: | 10.1% | |
| 4: | April: | 9.3% | |
| 5: | July: | 7.8% | |
| 6: | August: | 7.8% | |
| 7: | June: | 7.8% | |
| 8: | September: | 7.8% | |
| 9: | February: | 7.0% | |
| 10: | October: | 7.0% | |
| 11: | December: | 3.1% | |
| 12: | November: | 1.6% |
The bar graph below compares the busy days for mortgage applications that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In Halifax the busiest day, with 17.83% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 8.53% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 17.8% | |
| 2: | Tuesday: | 17.8% | |
| 3: | Wednesday: | 17.1% | |
| 4: | Sunday: | 13.9% | |
| 5: | Friday: | 12.4% | |
| 6: | Thursday: | 12.4% | |
| 7: | Saturday: | 8.5% |
Applications are received 24 hours a day on the CanEquity web site. The statistics shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 16.3% of all mortgages are received before noon, while 56.6% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 0.8% |
| 02:00 to 02:59: | 0.8% |
| 03:00 to 03:59: | 1.6% |
| 04:00 to 04:59: | 1.6% |
| 05:00 to 05:59: | 3.1% |
| 06:00 to 06:59: | 2.3% |
| 07:00 to 07:59: | 7.0% |
| 08:00 to 08:59: | 10.1% |
| 09:00 to 09:59: | 6.2% |
| 10:00 to 10:59: | 6.2% |
| 11:00 to 11:59: | 3.9% |
| 12:00 to 12:59: | 6.2% |
| 13:00 to 13:59: | 3.1% |
| 14:00 to 14:59: | 7.0% |
| 15:00 to 15:59: | 3.9% |
| 16:00 to 16:59: | 10.1% |
| 17:00 to 17:59: | 11.6% |
| 18:00 to 18:59: | 8.5% |
| 19:00 to 19:59: | 0.8% |
| 21:00 to 21:59: | 3.9% |
| 22:00 to 22:59: | 0.8% |
| 23:00 to 23:59: | 0.8% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.06% |
| British Columbia: | 11.34% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.04% |
| Newfoundland and Labrador: | 1.16% |
| Nova Scotia: | 2.82% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.09% |
| Ontario: | 48.69% |
| Prince Edward Island: | 0.37% |
| Quebec: | 3.78% |
| Saskatchewan: | 5.51% |
| Yukon Territories: | 0.22% |
| Location | Contribution | |
|---|---|---|
| 001: | HALIFAX, NS | 0.404% |
| 002: | DARTMOUTH, NS | 0.304% |
| 003: | SYDNEY, NS | 0.144% |
| 004: | LOWER SACKVILLE, NS | 0.110% |
| 005: | TRURO, NS | 0.094% |
| 006: | YARMOUTH, NS | 0.085% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 31.0% | |
| First-time Buyer: | 21.7% | |
| No Money Down: | 14.0% | |
| Renewal: | 13.2% | |
| Refinance: | 10.9% | |
| Variable Rate: | 3.1% | |
| Purchase: | 2.3% | |
| Equity Mortgage: | 1.6% | |
| Other: | 2.4% | |
| Total Application Types Found: 11 | ||
Average age: 36
Oldest age: 85
Youngest age: 23
The information below represents the average income of people living in Halifax who have applied for a mortgage loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Halifax: | $49,413.14 |
| applicants within all of Canada: | $56,689.29 |
| Difference: | ($7,276.15) |
| mortgage co-applicants in Halifax: | $39,652.26 |
| co-applicants within all of Canada: | $39,622.06 |
| Difference: | $30.20 |
The information shown below represents the residential status of people living in Halifax who have applied for a home loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 57.4% | |
| Own: | 29.5% | |
| Other: | 1.6% | |
| No Comment: | 10.9% | |
| Live with parents: | 0.8% |
The following information represents the marital status of applicants from Halifax, Nova Scotia using the mortgage application found on canequity.com. Over 47% of the mortgage applicants are living common-law or married, while only 52% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 43.4% | |
| Married: | 32.6% | |
| Common-law: | 14.7% | |
| Divorced: | 6.2% | |
| Separated: | 3.1% |
