Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 21.65% | 0.04% |
| 2010: | 18.56% | 0.03% |
| 2009: | 12.37% | 0.02% |
| 2008: | 4.12% | 0.01% |
| 2007: | 10.31% | 0.02% |
| 2006: | 5.16% | 0.01% |
| 2005: | 9.28% | 0.02% |
| 2004: | 5.16% | 0.01% |
| 2003: | 5.16% | 0.01% |
| 2002: | 8.25% | 0.01% |
The following bar graph depicts the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Sydney happen to occur during our first quarter (represented by the brown bars) with 28.87% while our slowest is the fourth quarter (represented by the red bars) with 14.43%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | September: | 13.4% | |
| 2: | January: | 11.3% | |
| 3: | May: | 10.3% | |
| 4: | March: | 10.3% | |
| 5: | June: | 10.3% | |
| 6: | July: | 9.3% | |
| 7: | April: | 8.3% | |
| 8: | February: | 7.2% | |
| 9: | October: | 7.2% | |
| 10: | November: | 6.2% | |
| 11: | August: | 5.2% | |
| 12: | December: | 1.0% |
The information below compares the busy days for online 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 most busy day of the week, with 16.49% of all submissions, is Sunday. In comparison, Friday's are the slowest day with only 10.31% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Sunday: | 16.5% | |
| 2: | Monday: | 15.5% | |
| 3: | Thursday: | 15.5% | |
| 4: | Tuesday: | 14.4% | |
| 5: | Saturday: | 14.4% | |
| 6: | Wednesday: | 13.4% | |
| 7: | Friday: | 10.3% |
Mortgage applications are received 24 hours a day via our web site. The time periods below represents the busy hours in the day. The data is taken from all days of all years. Only 36.1% of all mortgages are received during the morning, while 57.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 03:00 to 03:59: | 1.0% |
| 04:00 to 04:59: | 2.1% |
| 05:00 to 05:59: | 3.1% |
| 06:00 to 06:59: | 5.2% |
| 07:00 to 07:59: | 6.2% |
| 08:00 to 08:59: | 4.1% |
| 09:00 to 09:59: | 1.0% |
| 10:00 to 10:59: | 12.4% |
| 11:00 to 11:59: | 7.2% |
| 12:00 to 12:59: | 5.2% |
| 13:00 to 13:59: | 6.2% |
| 14:00 to 14:59: | 5.2% |
| 15:00 to 15:59: | 8.2% |
| 16:00 to 16:59: | 8.2% |
| 17:00 to 17:59: | 7.2% |
| 18:00 to 18:59: | 5.2% |
| 19:00 to 19:59: | 3.1% |
| 20:00 to 20:59: | 5.2% |
| 21:00 to 21:59: | 1.0% |
| 22:00 to 22:59: | 2.1% |
| 23:00 to 23:59: | 1.0% |
| 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% |
| 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: | 35.1% | |
| First-time Buyer: | 19.6% | |
| No Money Down: | 16.5% | |
| Refinance: | 10.3% | |
| Purchase: | 9.3% | |
| Pre-approval: | 2.1% | |
| Renewal: | 2.1% | |
| Fixed Rate: | 1.0% | |
| Second Mortgage: | 1.0% | |
| Equity Mortgage: | 1.0% | |
| Home Renovation: | 1.0% | |
| Variable Rate: | 1.0% | |
| Total Application Types Found: 12 | ||
Average age: 38
Oldest age: 85
Youngest age: 21
The information below represents the average income of people living in Sydney who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Sydney: | $46,710.88 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($12,787.58) |
| mortgage co-applicants in Sydney: | $31,005.76 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($11,397.37) |
The pie chart below shows the residential status of people living in Sydney who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 56.7% | |
| Own: | 27.8% | |
| Other: | 2.1% | |
| No Comment: | 4.1% | |
| Live with parents: | 9.3% |
The pie chart below represents the marital status of applicants from Sydney, Nova Scotia using the mortgage preapproval application located at canequity.com. In Sydney, over 51% of the mortgage applicants are living together with someone, while only 40% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 35.1% | |
| Single: | 32.0% | |
| Common-law: | 16.5% | |
| Widowed: | 8.2% | |
| Separated: | 5.2% | |
| Divorced: | 3.1% |
