Last report update for Sydney: Monday, June 30, 2008
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Baddeck
Dominion
Georges River
Glace Bay
New Waterford
North Sydney
Northside East Bay
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Sydney Mortgages

Nova Scotia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Originating from Sydney

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%

Note: * These values are the percentages up to Monday, June 30, 2008. Estimated volume targets for the entire 2008 year are 15.22% and 0.02% respectively. ** Total national contribution of Sydney mortgages in the past is currently 0.15% with a projected target of 0.16%.

Busy Days for Applications within Sydney

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%
Busy Days Report for Sydney Mortgages

Peak Hours for Applicants within Sydney

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%
Peak Hours Graph for Mortgages in Sydney

Note: Only hours that have had mortgages from Sydney, Nova Scotia are shown.

Nova Scotia Mortgage Originations Compared to all other Provinces


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%
Sydney Mortgages

Current City Standing within Nova Scotia


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%

Nearest Settlements


1North Sydney, Nova Scotia
2Reserve Mines, Nova Scotia
3New Waterford, Nova Scotia
4Baddeck, Nova Scotia
5Sydney Mines, Nova Scotia
6Dominion, Nova Scotia
7Georges River, Nova Scotia
8Glace Bay, Nova Scotia
9Northside East Bay, Nova Scotia


Product Popularity for Sydney


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
 Sydney Mortgage Product Popularity Pie Chart

Age Demographics for Sydney Mortgages

Average age: 42
Oldest age: 85
Youngest age: 21


Incomes for Sydney Mortgages

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)

Note: Commercial Mortgages were not included for this survey, only residential loans amounts were used.

Residential Status for Sydney Mortgage Applicants

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%
Sydney Residential Status Pie Chart

Marital Status for Sydney Mortgage Applicants

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%
Sydney Marital Status Pie Chart