Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 13.12% | 0.06% |
| 2010: | 19.26% | 0.09% |
| 2009: | 12.71% | 0.06% |
| 2008: | 7.79% | 0.04% |
| 2007: | 7.38% | 0.03% |
| 2006: | 9.02% | 0.04% |
| 2005: | 9.84% | 0.04% |
| 2004: | 6.56% | 0.03% |
| 2003: | 8.61% | 0.04% |
| 2002: | 5.74% | 0.03% |
The bar graph below represents the individual monthly volume history for Internet mortgage applications from Halifax, NS.
The 6-year bar graph below shows the volumes of 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 28.28% while our slowest is the fourth quarter (represented by the red bars) with 18.85%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 15.2% | |
| 2: | August: | 9.8% | |
| 3: | May: | 9.4% | |
| 4: | September: | 9.4% | |
| 5: | April: | 9.0% | |
| 6: | October: | 9.0% | |
| 7: | July: | 8.6% | |
| 8: | March: | 8.2% | |
| 9: | June: | 6.6% | |
| 10: | November: | 5.7% | |
| 11: | February: | 4.9% | |
| 12: | December: | 4.1% |
The data below illustrates the busy days for online mortgage applications that were received by the CanEquity web site. Each day is a representation of the combined 6-year total of all instances of that day. In Halifax the busiest day of the week, with 16.80% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 9.02% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 16.8% | |
| 2: | Tuesday: | 16.8% | |
| 3: | Thursday: | 15.6% | |
| 4: | Sunday: | 15.2% | |
| 5: | Wednesday: | 13.5% | |
| 6: | Friday: | 13.1% | |
| 7: | Saturday: | 9.0% |
Halifax mortgage applications are received 24 hours a day via the CanEquity web site. The report shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 35.7% of all mortgages are received during the morning, while 58.2% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 0.4% |
| 02:00 to 02:59: | 0.4% |
| 03:00 to 03:59: | 2.0% |
| 04:00 to 04:59: | 0.8% |
| 05:00 to 05:59: | 2.5% |
| 06:00 to 06:59: | 2.0% |
| 07:00 to 07:59: | 6.6% |
| 08:00 to 08:59: | 8.2% |
| 09:00 to 09:59: | 7.0% |
| 10:00 to 10:59: | 7.4% |
| 11:00 to 11:59: | 4.5% |
| 12:00 to 12:59: | 7.8% |
| 13:00 to 13:59: | 4.5% |
| 14:00 to 14:59: | 4.9% |
| 15:00 to 15:59: | 4.5% |
| 16:00 to 16:59: | 7.0% |
| 17:00 to 17:59: | 10.2% |
| 18:00 to 18:59: | 7.4% |
| 19:00 to 19:59: | 4.1% |
| 20:00 to 20:59: | 2.5% |
| 21:00 to 21:59: | 3.7% |
| 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: | 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 | |
|---|---|---|
| 001: | HALIFAX, NS | 0.461% |
| 002: | DARTMOUTH, NS | 0.302% |
| 003: | SYDNEY, NS | 0.183% |
| 004: | TRURO, NS | 0.159% |
| 005: | LOWER SACKVILLE, NS | 0.121% |
| 006: | AMHERST, NS | 0.100% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 27.9% | |
| First-time Buyer: | 22.5% | |
| No Money Down: | 15.2% | |
| Purchase: | 11.9% | |
| Renewal: | 9.0% | |
| Refinance: | 8.2% | |
| Variable Rate: | 1.6% | |
| Pre-approval: | 1.2% | |
| Other: | 2.4% | |
| Total Application Types Found: 13 | ||
Average age: 36
Oldest age: 85
Youngest age: 20
The numbers below represent the average income of people living in Halifax who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Halifax: | $51,544.29 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($7,954.18) |
| mortgage co-applicants in Halifax: | $37,988.14 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($4,414.99) |
The information below represents the residential status of people living in Halifax who have submitted an inquiry using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 64.3% | |
| Own: | 26.2% | |
| Other: | 1.6% | |
| No Comment: | 5.7% | |
| Live with parents: | 2.0% |
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. In Halifax, approximately 54% of the mortgage applicants are living together with someone, while only 45% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 37.3% | |
| Single: | 36.1% | |
| Common-law: | 17.2% | |
| Divorced: | 5.7% | |
| Separated: | 3.3% | |
| Widowed: | 0.4% |
