Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 17.19% | 0.02% |
| 2010: | 10.94% | 0.01% |
| 2009: | 14.06% | 0.02% |
| 2008: | 18.75% | 0.02% |
| 2007: | 6.25% | 0.01% |
| 2006: | 9.38% | 0.01% |
| 2005: | 7.81% | 0.01% |
| 2004: | 1.56% | 0.00% |
| 2003: | 4.69% | 0.01% |
| 2002: | 9.38% | 0.01% |
The bar graph below displays the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Lower Sackville occur during our third quarter (represented by the blue bars) with 29.69% while our slowest is the second quarter (represented by the green bars) with 20.31%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | August: | 14.1% | |
| 2: | November: | 10.9% | |
| 3: | February: | 10.9% | |
| 4: | March: | 10.9% | |
| 5: | May: | 9.4% | |
| 6: | July: | 9.4% | |
| 7: | January: | 6.3% | |
| 8: | October: | 6.3% | |
| 9: | June: | 6.3% | |
| 10: | September: | 6.3% | |
| 11: | April: | 4.7% | |
| 12: | December: | 4.7% |
The information below displays the busy days for Internet mortgage applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Lower Sackville the busiest day of the week, with 23.44% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 7.81% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 23.4% | |
| 2: | Friday: | 17.2% | |
| 3: | Tuesday: | 14.1% | |
| 4: | Thursday: | 14.1% | |
| 5: | Wednesday: | 12.5% | |
| 6: | Sunday: | 10.9% | |
| 7: | Saturday: | 7.8% |
In Lower Sackville, mortgage applications are received 24 hours a day from the CanEquity web site. The graph shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 39.1% of all mortgages are received during the morning, while 54.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 05:00 to 05:59: | 6.3% |
| 06:00 to 06:59: | 7.8% |
| 07:00 to 07:59: | 4.7% |
| 08:00 to 08:59: | 10.9% |
| 09:00 to 09:59: | 7.8% |
| 10:00 to 10:59: | 6.3% |
| 11:00 to 11:59: | 1.6% |
| 12:00 to 12:59: | 6.3% |
| 13:00 to 13:59: | 4.7% |
| 14:00 to 14:59: | 6.3% |
| 15:00 to 15:59: | 3.1% |
| 16:00 to 16:59: | 4.7% |
| 17:00 to 17:59: | 12.5% |
| 18:00 to 18:59: | 7.8% |
| 19:00 to 19:59: | 3.1% |
| 20:00 to 20:59: | 3.1% |
| 23:00 to 23:59: | 3.1% |
| 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% |
| 007: | YARMOUTH, NS | 0.094% |
| 008: | GLACE BAY, NS | 0.072% |
| 009: | BEDFORD, NS | 0.053% |
| 010: | BRIDGEWATER, NS | 0.053% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 25.0% | |
| Qualification: | 21.9% | |
| Refinance: | 20.3% | |
| No Money Down: | 10.9% | |
| Purchase: | 9.4% | |
| Renewal: | 4.7% | |
| Commercial: | 1.6% | |
| Second Mortgage: | 1.6% | |
| Short Term Open: | 1.6% | |
| HELOC: | 1.6% | |
| Variable Rate: | 1.6% | |
| Total Application Types Found: 11 | ||
Average age: 36
Oldest age: 52
Youngest age: 21
The following figures show the average income of Canadians living in Lower Sackville who have submitted an inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Lower Sackville: | $45,993.40 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($13,505.07) |
| mortgage co-applicants in Lower Sackville: | $35,477.78 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($6,925.35) |
The following depicts the residential status of people living in Lower Sackville who have submitted an inquiry using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 42.2% | |
| Own: | 34.4% | |
| Other: | 6.3% | |
| No Comment: | 6.3% | |
| Live with parents: | 10.9% |
The information below shows the marital status of applicants from Lower Sackville, Nova Scotia using the mortgage preapproval application located at canequity.com. Approximately 65% of the mortgage applicants are living with someone, while only 32% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 45.3% | |
| Single: | 26.6% | |
| Common-law: | 20.3% | |
| Divorced: | 3.1% | |
| Separated: | 3.1% | |
| Widowed: | 1.6% |
