Sydney Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 8.70% | * 0.01% |
| 2007: | 21.74% | 0.03% |
| 2006: | 10.87% | 0.02% |
| 2005: | 19.57% | 0.03% |
| 2004: | 10.87% | 0.02% |
| 2003: | 10.87% | 0.02% |
| 2002: | 17.39% | 0.03% |
The information below compares the busy days for Internet applications that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Sydney the busiest day, with approximately 21.74% of all inquiries, is Wednesday. In comparison, Tuesday's are the slowest day with only 6.52% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 21.7% | |
| 2: | Sunday: | 17.4% | |
| 3: | Friday: | 15.2% | |
| 4: | Monday: | 13.0% | |
| 5: | Thursday: | 13.0% | |
| 6: | Saturday: | 13.0% | |
| 7: | Tuesday: | 6.5% |
Applications are received 24 hours a day via the CanEquity web site. The information shown below represents the rush hours in the day. The data is taken from all days of all years. Only 28.3% of all mortgages are received during the morning, while 54.3% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 04:00 to 04:59: | 4.3% |
| 06:00 to 06:59: | 6.5% |
| 07:00 to 07:59: | 2.2% |
| 08:00 to 08:59: | 4.3% |
| 09:00 to 09:59: | 2.2% |
| 10:00 to 10:59: | 17.4% |
| 11:00 to 11:59: | 8.7% |
| 12:00 to 12:59: | 8.7% |
| 13:00 to 13:59: | 8.7% |
| 14:00 to 14:59: | 2.2% |
| 15:00 to 15:59: | 8.7% |
| 16:00 to 16:59: | 4.3% |
| 17:00 to 17:59: | 10.9% |
| 18:00 to 18:59: | 4.3% |
| 19:00 to 19:59: | 4.3% |
| 23:00 to 23:59: | 2.2% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.08% |
| British Columbia: | 11.39% |
| Manitoba: | 2.10% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.16% |
| Nova Scotia: | 2.80% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.09% |
| Ontario: | 48.59% |
| Prince Edward Island: | 0.38% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.56% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 001: | HALIFAX, NS | 0.406% |
| 002: | DARTMOUTH, NS | 0.309% |
| 003: | SYDNEY, NS | 0.148% |
| 004: | TRURO, NS | 0.097% |
| 005: | LOWER SACKVILLE, NS | 0.097% |
| 006: | YARMOUTH, NS | 0.084% |
| 007: | GLACE BAY, NS | 0.064% |
| 008: | BEDFORD, NS | 0.052% |
| 1 | North Sydney, Nova Scotia |
| 2 | Reserve Mines, Nova Scotia |
| 3 | New Waterford, Nova Scotia |
| 4 | Baddeck, Nova Scotia |
| 5 | Sydney Mines, Nova Scotia |
| 6 | Dominion, Nova Scotia |
| 7 | Georges River, Nova Scotia |
| 8 | Glace Bay, Nova Scotia |
| 9 | Northside East Bay, Nova Scotia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 34.8% | |
| First-time Buyer: | 17.4% | |
| No Money Down: | 13.0% | |
| Refinance: | 13.0% | |
| Purchase: | 8.7% | |
| Fixed Rate: | 2.2% | |
| Pre-approval: | 2.2% | |
| Second Mortgage: | 2.2% | |
| Renewal: | 2.2% | |
| Home Renovation: | 2.2% | |
| Variable Rate: | 2.2% | |
| Total Application Types Found: 11 | ||
Average age: 42
Oldest age: 85
Youngest age: 21
The information below represents the average income of people living in Sydney who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Sydney: | $41,812.93 |
| applicants within all of Canada: | $56,539.94 |
| Difference: | ($14,727.01) |
| mortgage co-applicants in Sydney: | $23,891.10 |
| co-applicants within all of Canada: | $39,480.41 |
| Difference: | ($15,589.31) |
The information below represents the residential status of people living in Sydney who have applied for a mortgage using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 43.5% | |
| Own: | 41.3% | |
| No Comment: | 8.7% | |
| Live with parents: | 6.5% |
The following table and pie chart represents the marital status of applicants from Sydney, Nova Scotia using the mortgage application found on the CanEquity Mortgage web site. Approximately 54% of the mortgage applicants are living common-law or married, while only 28% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 41.3% | |
| Single: | 19.6% | |
| Widowed: | 17.4% | |
| Common-law: | 13.0% | |
| Separated: | 6.5% | |
| Divorced: | 2.2% |
