Nova Scotia Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
Disclaimer:
CanEquity Mortgage has compiled the following data for educational and informational purposes as outlined in our privacy policy. All names, street and e-mail addresses, telephone numbers, dates of birth, and other forms of identification have been removed before the following data was compiled. These statistics are anonymous and contain no personal information, and cannot be used to gather such information.
The statistics gathered are from CanEquity’s web site and do not include inquiries via fax, e-mail, contact forms, phone-ins or walk-ins. The statistics gathered represent the growing Internet usage and mortgage trends found within Canada.
All information, charts and graphs represented are deemed accurate and reliable but no warranty or guarantee is implied. Data may be noticeably affected from time to time by changes in CanEquity Mortgage marketing efforts. Data may also be affected by Internet connectivity, outages and service (or lack of) to areas within Canada. The range of data collected is from 30,000 to 60,000 mortgage applicants from across Canada. All data has a deviation of +/- 1.00% for added anonymity. No statistic contained herein represents a single person.
This information may be used freely for educational or non-commercial use. For more information about this service, please e-mail marketing@canequity.com. Copyright © 2001-2009 CEG Research, The Canadian Equity Group Inc.
| Year | Volume Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 5.16% | * 0.15% |
| 2009: | 20.06% | 0.58% |
| 2008: | 12.57% | 0.37% |
| 2007: | 11.85% | 0.34% |
| 2006: | 12.17% | 0.35% |
| 2005: | 10.88% | 0.32% |
| 2004: | 9.43% | 0.28% |
| 2003: | 9.91% | 0.29% |
| 2002: | 7.98% | 0.23% |
The 6-year bar graph below shows the individual monthly volume history for Internet mortgage applications originating from Nova Scotia.
The following bar graph represents the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our first quarter (represented by the brown bars) with 31.91% while our slowest is the fourth quarter (represented by the red bars) with 17.32%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 11.3% | |
| 2: | February: | 10.4% | |
| 3: | January: | 10.2% | |
| 4: | May: | 9.3% | |
| 5: | July: | 9.1% | |
| 6: | August: | 8.5% | |
| 7: | April: | 8.2% | |
| 8: | September: | 7.8% | |
| 9: | June: | 7.7% | |
| 10: | October: | 6.4% | |
| 11: | November: | 5.8% | |
| 12: | December: | 5.2% |
The bar graph listed below displays the busy days for online inquiries that were received by the CanEquity web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Nova Scotia the busiest day, with approximately 18.05% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 9.91% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.1% | |
| 2: | Wednesday: | 17.1% | |
| 3: | Tuesday: | 17.0% | |
| 4: | Thursday: | 15.6% | |
| 5: | Friday: | 11.3% | |
| 6: | Sunday: | 11.1% | |
| 7: | Saturday: | 9.9% |
Mortgage applications are received 24 hours a day via our web site. The report shown below indicates the peak hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.3% |
| 01:00 to 01:59: | 0.2% |
| 02:00 to 02:59: | 0.3% |
| 03:00 to 03:59: | 1.0% |
| 04:00 to 04:59: | 1.1% |
| 05:00 to 05:59: | 2.3% |
| 06:00 to 06:59: | 3.8% |
| 07:00 to 07:59: | 5.7% |
| 08:00 to 08:59: | 7.0% |
| 09:00 to 09:59: | 6.7% |
| 10:00 to 10:59: | 7.2% |
| 11:00 to 11:59: | 7.0% |
| 12:00 to 12:59: | 6.8% |
| 13:00 to 13:59: | 6.5% |
| 14:00 to 14:59: | 4.1% |
| 15:00 to 15:59: | 4.8% |
| 16:00 to 16:59: | 6.0% |
| 17:00 to 17:59: | 9.8% |
| 18:00 to 18:59: | 7.9% |
| 19:00 to 19:59: | 4.3% |
| 20:00 to 20:59: | 3.1% |
| 21:00 to 21:59: | 2.0% |
| 22:00 to 22:59: | 1.0% |
| 23:00 to 23:59: | 1.1% |
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 724.3% |
| British Columbia: | 373.1% |
| Manitoba: | 71.8% |
| New Brunswick: | 72.2% |
| Newfoundland and Labrador: | 39.4% |
| Nova Scotia: | 100.0% |
| Northwest Territories: | 11.0% |
| Nunavut: | 2.9% |
| Ontario: | 1676.2% |
| Prince Edward Island: | 15.0% |
| Quebec: | 142.2% |
| Saskatchewan: | 173.9% |
| Yukon Territories: | 8.9% |
| City or Town within the province of Nova Scotia | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Loan | |
|---|---|---|---|---|---|---|
| 001: | HALIFAX, NS | 13.940% | 35 | $50,922.12 | $37,540.84 | $150,625.88 |
| 002: | DARTMOUTH, NS | 9.992% | 38 | $54,449.36 | $38,150.82 | $127,402.28 |
| 003: | SYDNEY, NS | 4.835% | 41 | $41,904.36 | $28,469.73 | $83,835.46 |
| 004: | TRURO, NS | 4.029% | 36 | $37,761.52 | $28,046.11 | $102,843.10 |
| 005: | LOWER SACKVILLE, NS | 3.948% | 36 | $43,116.33 | $33,894.16 | $129,192.68 |
| 006: | YARMOUTH, NS | 3.143% | 38 | $50,390.08 | $27,479.07 | $100,400.00 |
| 007: | GLACE BAY, NS | 2.176% | 37 | $44,481.89 | $28,714.29 | $72,958.33 |
| 008: | BEDFORD, NS | 1.853% | 38 | $85,499.00 | $39,281.44 | $159,756.95 |
| 009: | AMHERST, NS | 1.692% | 41 | $41,558.00 | $30,325.71 | $93,317.65 |
| 010: | PICTOU, NS | 1.612% | 37 | $39,256.11 | $24,057.33 | $79,660.00 |
| 011: | NEW GLASGOW, NS | 1.450% | 33 | $40,189.56 | $25,869.86 | $71,181.25 |
| 012: | LIVERPOOL, NS | 1.450% | 38 | $37,377.93 | $26,550.00 | $119,438.46 |
| 013: | NEW WATERFORD, NS | 1.370% | 34 | $32,630.31 | $19,176.00 | $52,458.33 |
| 014: | EASTERN PASSAGE, NS | 1.370% | 32 | $42,482.35 | $40,707.14 | $103,562.38 |
| 015: | BRIDGEWATER, NS | 1.289% | 35 | $43,263.31 | $67,000.00 | $128,928.57 |
| 016: | NEW MINAS, NS | 1.209% | 34 | $44,420.27 | $21,316.67 | $132,816.67 |
| 017: | WOLFVILLE, NS | 1.209% | 44 | $76,481.40 | $35,400.00 | $238,800.00 |
| 018: | KENTVILLE, NS | 1.128% | 39 | $50,607.69 | $26,005.00 | $110,706.36 |
| 019: | ANTIGONISH, NS | 1.048% | 37 | $43,941.67 | $19,750.00 | $78,708.33 |
| 020: | NORTH SYDNEY, NS | 1.048% | 36 | $44,891.69 | $30,987.00 | $84,000.00 |
| 021: | GREENWOOD, NS | 0.886% | 36 | $51,725.91 | $16,650.00 | $109,180.00 |
| 022: | TIMBERLEA, NS | 0.886% | 40 | $45,906.50 | $26,283.33 | $180,571.43 |
| 023: | CENTREVILLE, NS | 0.806% | 38 | $38,094.50 | $20,929.00 | $80,125.00 |
| 024: | WINDSOR, NS | 0.806% | 35 | $29,733.44 | $93,360.00 | $140,806.40 |
| 025: | STELLARTON, NS | 0.725% | 42 | $39,214.29 | $19,400.00 | $72,935.11 |
| 026: | MIDDLETON, NS | 0.725% | 39 | $36,746.67 | $28,120.00 | $80,471.43 |
| 027: | SYDNEY MINES, NS | 0.645% | 39 | $99,125.00 | $25,166.67 | $138,000.00 |
| 028: | HAMMONDS PLAINS, NS | 0.645% | 37 | $65,142.86 | $51,200.00 | $197,402.80 |
| 029: | HUBBARDS, NS | 0.645% | 37 | $83,857.14 | $31,000.00 | $125,000.00 |
| 030: | SHELBURNE, NS | 0.645% | 29 | $49,285.71 | n/a | $111,285.71 |
| 031: | SHEARWATER, NS | 0.645% | 35 | $54,625.00 | $16,000.00 | $171,600.00 |
| 032: | KINGSTON, NS | 0.564% | 40 | $47,387.00 | $16,044.50 | $118,423.00 |
| 033: | LAWRENCETOWN, NS | 0.564% | 33 | $55,116.67 | $46,000.00 | $168,500.00 |
| 034: | WESTVILLE, NS | 0.564% | 39 | $48,571.43 | n/a | $68,000.00 |
| 035: | PORT HAWKESBURY, NS | 0.483% | 43 | $33,608.80 | $29,987.50 | $65,769.00 |
| 036: | FALL RIVER, NS | 0.483% | 41 | $69,786.33 | $130,750.00 | $140,000.00 |
| 037: | MAHONE BAY, NS | 0.483% | 34 | $43,420.00 | $35,000.00 | $88,200.00 |
| 038: | DIGBY, NS | 0.483% | 34 | $36,026.83 | $20,355.00 | $90,416.67 |
| 039: | WEYMOUTH, NS | 0.483% | 31 | $30,854.83 | n/a | $81,750.00 |
| 040: | DEBERT, NS | 0.483% | 37 | $26,205.00 | $30,500.00 | $82,150.00 |
| 041: | LANTZ, NS | 0.483% | 37 | $60,483.33 | $65,750.00 | $136,550.50 |
| 042: | STEWIACKE, NS | 0.483% | 40 | $44,960.00 | n/a | $120,275.00 |
| 043: | ELMSDALE, NS | 0.403% | 40 | $37,368.00 | n/a | $69,500.00 |
| 044: | FALMOUTH, NS | 0.403% | 30 | $46,552.00 | n/a | $221,250.00 |
| 045: | BARRINGTON, NS | 0.403% | 36 | $28,760.00 | n/a | $248,250.00 |
| 046: | MOUNT UNIACKE, NS | 0.403% | 33 | $41,400.00 | $36,000.00 | $176,875.00 |
| 047: | METEGHAN, NS | 0.403% | 42 | $41,800.00 | $39,000.00 | $87,500.00 |
| 048: | BERWICK, NS | 0.403% | 39 | $43,964.00 | $24,450.00 | $56,125.00 |
| 049: | CANNING, NS | 0.403% | 36 | $29,031.20 | $25,750.00 | $102,400.00 |
| 050: | LAKE ECHO, NS | 0.403% | 36 | $39,000.00 | n/a | $78,279.40 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 23.4% | |
| Refinance: | 20.2% | |
| First-time Buyer: | 19.9% | |
| No Money Down: | 15.7% | |
| Renewal: | 9.3% | |
| Purchase: | 4.5% | |
| Pre-approval: | 1.5% | |
| Variable Rate: | 1.4% | |
| Equity Mortgage: | 1.0% | |
| Investment: | 1.0% | |
| Other: | 2.1% | |
| Total Application Types Found: 17 | ||
Average age: 37
Oldest age: 85
Youngest age: 19
The amounts shown below represent the average income of applicants living in Nova Scotia who have submitted an inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Nova Scotia: | $47,832.80 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | ($10,749.59) |
| mortgage co-applicants in Nova Scotia: | $34,123.72 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | ($7,102.10) |
The following table represents the residential status of people living in Nova Scotia who have applied for a loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 43.8% | |
| Own: | 44.4% | |
| Other: | 2.2% | |
| No Comment: | 5.6% | |
| Live with parents: | 4.1% |
The pie chart below represents the marital status of applicants from Nova Scotia using the mortgage application found at the CanEquity web site. In Nova Scotia, over 66% of the mortgage applicants are living with someone, while only 32% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 48.4% | |
| Single: | 24.3% | |
| Common-law: | 17.9% | |
| Divorced: | 3.9% | |
| Separated: | 3.9% | |
| Widowed: | 1.6% |
