Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 22.62% | 0.04% |
| 2010: | 20.24% | 0.03% |
| 2009: | 20.24% | 0.03% |
| 2008: | 9.52% | 0.01% |
| 2007: | 8.33% | 0.01% |
| 2006: | 3.57% | 0.01% |
| 2005: | 2.38% | 0.00% |
| 2004: | 3.57% | 0.01% |
| 2003: | 4.76% | 0.01% |
| 2002: | 4.76% | 0.01% |
This bar graph displays the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Truro occur during our second quarter (represented by the green bars) with 33.33% while our slowest is the third quarter (represented by the blue bars) with 20.24%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | October: | 16.7% | |
| 2: | June: | 14.3% | |
| 3: | August: | 10.7% | |
| 4: | May: | 9.5% | |
| 5: | April: | 9.5% | |
| 6: | February: | 9.5% | |
| 7: | March: | 8.3% | |
| 8: | September: | 6.0% | |
| 9: | November: | 4.8% | |
| 10: | January: | 4.8% | |
| 11: | July: | 3.6% | |
| 12: | December: | 2.4% |
The graph below displays the busy days for mortgage inquiries that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In Truro the most busy day of the week, with 23.81% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 8.33% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 23.8% | |
| 2: | Wednesday: | 16.7% | |
| 3: | Sunday: | 16.7% | |
| 4: | Tuesday: | 13.1% | |
| 5: | Friday: | 11.9% | |
| 6: | Thursday: | 9.5% | |
| 7: | Saturday: | 8.3% |
In Truro, inquiries are received 24 hours a day from the CanEquity web site. The information shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 03:00 to 03:59: | 1.2% |
| 04:00 to 04:59: | 2.4% |
| 05:00 to 05:59: | 3.6% |
| 06:00 to 06:59: | 3.6% |
| 07:00 to 07:59: | 3.6% |
| 08:00 to 08:59: | 4.8% |
| 09:00 to 09:59: | 3.6% |
| 10:00 to 10:59: | 2.4% |
| 11:00 to 11:59: | 11.9% |
| 12:00 to 12:59: | 9.5% |
| 13:00 to 13:59: | 9.5% |
| 14:00 to 14:59: | 4.8% |
| 15:00 to 15:59: | 13.1% |
| 16:00 to 16:59: | 4.8% |
| 17:00 to 17:59: | 7.1% |
| 18:00 to 18:59: | 7.1% |
| 19:00 to 19:59: | 2.4% |
| 20:00 to 20:59: | 2.4% |
| 21:00 to 21:59: | 1.2% |
| 23:00 to 23:59: | 1.2% |
| 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% |
| 009: | BEDFORD, NS | 0.053% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| No Money Down: | 22.6% | |
| Qualification: | 20.2% | |
| First-time Buyer: | 20.2% | |
| Refinance: | 16.7% | |
| Purchase: | 14.3% | |
| Renewal: | 2.4% | |
| Commercial: | 1.2% | |
| HELOC: | 1.2% | |
| Variable Rate: | 1.2% | |
| Total Application Types Found: 9 | ||
Average age: 37
Oldest age: 61
Youngest age: 22
The amounts below are the average income of people living in Truro who have submitted an inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Truro: | $43,483.25 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($16,015.21) |
| mortgage co-applicants in Truro: | $38,869.69 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($3,533.44) |
The following table represents the residential status of people living in Truro who have applied for a mortgage loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 59.5% | |
| Own: | 29.8% | |
| Other: | 3.6% | |
| No Comment: | 4.8% | |
| Live with parents: | 2.4% |
The following pie chart represents the marital status of applicants from Truro, Nova Scotia using the mortgage application found on canequity.com. In Truro, approximately 69% of the mortgage applicants are living together with someone, while only 29% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 46.4% | |
| Common-law: | 22.6% | |
| Single: | 21.4% | |
| Divorced: | 4.8% | |
| Separated: | 3.6% | |
| Widowed: | 1.2% |
