Last report update for Truro: Monday, June 30, 2008
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Truro Mortgages

Nova Scotia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Originating from Truro

Year Year to Year
Comparison
** National
Contribution
2008: * 23.33% * 0.02%
2007: 23.33% 0.02%
2006: 10.00% 0.01%
2005: 6.67% 0.01%
2004: 10.00% 0.01%
2003: 13.33% 0.01%
2002: 13.33% 0.01%

Note: * These values are the percentages up to Monday, June 30, 2008. Estimated volume targets for the entire 2008 year are 43.33% and 0.04% respectively. ** Total national contribution of Truro mortgages in the past is currently 0.10% with a projected target of 0.12%.

Busy Days for Online Applications within Truro

The information below displays the busy days for mortgage inquiries that were received by CanEquity. Each day represents a combined total of all occurrences of that day in the past 5 years. In Truro the busiest day, with approximately 26.67% of all submissions, is Monday. In comparison, Thursday's are the slowest day with only 6.67% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 26.7%
2: Wednesday: 23.3%
3: Tuesday: 13.3%
4: Sunday: 13.3%
5: Friday: 10.0%
6: Saturday: 6.7%
7: Thursday: 6.7%
Busy Days Report for Truro Mortgages

Peak Hours for Originated Mortgages within Truro

Inquiries are received 24 hours a day from the CanEquity web site. The information shown below indicates the peak hours in the day. The data is taken from all days of all years. Only 16.7% of all mortgages are received before noon, while 73.3% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
04:00 to 04:59: 3.3%
08:00 to 08:59: 6.7%
11:00 to 11:59: 16.7%
12:00 to 12:59: 13.3%
13:00 to 13:59: 6.7%
14:00 to 14:59: 6.7%
15:00 to 15:59: 16.7%
16:00 to 16:59: 3.3%
17:00 to 17:59: 13.3%
18:00 to 18:59: 6.7%
19:00 to 19:59: 3.3%
20:00 to 20:59: 3.3%
Peak Hours Graph for Mortgages in Truro

Note: Only hours that have had mortgages from Truro, 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%
Truro 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%
009:  EASTERN PASSAGE, NS 0.052%

Nearest Settlements


1Wolfville, Nova Scotia
2Stewiacke, Nova Scotia
3Hantsport, Nova Scotia
4Shubenacadie, Nova Scotia
5Port Williams, Nova Scotia
6Windsor, Nova Scotia
7Falmouth, Nova Scotia
8Ellershouse, Nova Scotia
9Debert, Nova Scotia
10Newport, Nova Scotia
11Lantz, Nova Scotia
12Annapolis County, Nova Scotia
13Wellington, Nova Scotia
14Bedford, Nova Scotia
15Sackville, Nova Scotia
16New Minas, Nova Scotia
17Hammonds Plains, Nova Scotia
18Centreville, Nova Scotia
19Parrsboro, Nova Scotia
20Beaver Bank, Nova Scotia
21Mount Uniacke, Nova Scotia
22Lower Sackville, Nova Scotia
23Wilmot, Nova Scotia
24Shelburne, Nova Scotia
25Halifax, Nova Scotia
26Timberlea, Nova Scotia
27Fall River, Nova Scotia
28Kentville, Nova Scotia
29Elmsdale, Nova Scotia
30Enfield, Nova Scotia
31Coldbrook, Nova Scotia
32Dartmouth, Nova Scotia
33Amherst, Nova Scotia
34Berwick, Nova Scotia
35Shearwater, Nova Scotia
36Hubbards, Nova Scotia
37Cow Bay, Nova Scotia
38Stellarton, Nova Scotia


Product Popularity for Truro


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 26.7%
Refinance: 23.3%
No Money Down: 23.3%
Qualification: 16.7%
Renewal: 6.7%
Variable Rate: 3.3%
 
Total Application Types Found: 6
 Truro Mortgage Product Popularity Pie Chart

Age Demographics for Truro Mortgage Applicants

Average age: 36
Oldest age: 61
Youngest age: 22


Incomes for Truro Mortgage Applicants

The information below represents the average income of people living in Truro who have applied for a loan using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Truro: $36,003.43
applicants within all of Canada: $56,539.94
Difference: ($20,536.51)
  
mortgage co-applicants in Truro: $23,137.78
co-applicants within all of Canada: $39,480.41
Difference: ($16,342.63)

Note: Commercial Mortgages were not included for this report, only home loans from Truro, Nova Scotia were used.

Residential Status for Truro Mortgages

The following depicts the residential status of people living in Truro who have submitted an inquiry using the online application located at the CanEquity web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 46.7%
Own: 33.3%
Other: 3.3%
No Comment: 13.3%
Live with parents: 3.3%
Truro Residential Status Pie Chart

Marital Status for Truro Mortgages

The following pie chart represents the marital status of applicants from Truro, Nova Scotia using the mortgage preapproval application found at canequity.com. Approximately 70% of the mortgage applicants are living together with someone, while only 30% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 53.3%
Common-law: 16.7%
Single: 16.7%
Divorced: 6.7%
Separated: 6.7%
Truro Marital Status Pie Chart