Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.38% | 0.02% |
| 2010: | 6.25% | 0.01% |
| 2009: | 17.71% | 0.03% |
| 2008: | 14.58% | 0.03% |
| 2007: | 14.58% | 0.03% |
| 2006: | 14.58% | 0.03% |
| 2005: | 4.17% | 0.01% |
| 2004: | 11.46% | 0.02% |
| 2003: | 5.21% | 0.01% |
| 2002: | 2.08% | 0.00% |
The 6-year bar graph below represents the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Aurora seem to occur during our second quarter (represented by the green bars) with 31.25% while our slowest is the fourth quarter (represented by the red bars) with 17.71%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 11.5% | |
| 2: | February: | 10.4% | |
| 3: | March: | 10.4% | |
| 4: | June: | 10.4% | |
| 5: | April: | 9.4% | |
| 6: | November: | 8.3% | |
| 7: | January: | 8.3% | |
| 8: | July: | 8.3% | |
| 9: | August: | 8.3% | |
| 10: | October: | 7.3% | |
| 11: | September: | 5.2% | |
| 12: | December: | 2.1% |
The graph listed below displays the busy days for mortgage applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Aurora the busiest day of the week, with 22.92% of all applications, is Wednesday. In comparison, Saturday's are the slowest day with only 5.21% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 22.9% | |
| 2: | Monday: | 20.8% | |
| 3: | Friday: | 17.7% | |
| 4: | Tuesday: | 11.5% | |
| 5: | Sunday: | 11.5% | |
| 6: | Thursday: | 10.4% | |
| 7: | Saturday: | 5.2% |
Mortgage inquiries are received 24 hours a day on the CanEquity web site. The following indicates the rush hours in the day. The data is taken from all days of all years. Only 42.7% of all mortgages are received before noon, while 56.3% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.0% |
| 07:00 to 07:59: | 2.1% |
| 08:00 to 08:59: | 9.4% |
| 09:00 to 09:59: | 11.5% |
| 10:00 to 10:59: | 11.5% |
| 11:00 to 11:59: | 8.3% |
| 12:00 to 12:59: | 8.3% |
| 13:00 to 13:59: | 10.4% |
| 14:00 to 14:59: | 6.3% |
| 15:00 to 15:59: | 2.1% |
| 16:00 to 16:59: | 2.1% |
| 17:00 to 17:59: | 6.3% |
| 18:00 to 18:59: | 4.2% |
| 19:00 to 19:59: | 6.3% |
| 20:00 to 20:59: | 4.2% |
| 21:00 to 21:59: | 1.0% |
| 22:00 to 22:59: | 3.1% |
| 23:00 to 23:59: | 2.1% |
| 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 | |
|---|---|---|
| 045: | STONEY CREEK, ON | 0.232% |
| 046: | WOODBRIDGE, ON | 0.217% |
| 047: | CHATHAM, ON | 0.211% |
| 048: | ORILLIA, ON | 0.208% |
| 049: | ST THOMAS, ON | 0.185% |
| 050: | AURORA, ON | 0.181% |
| 051: | ORANGEVILLE, ON | 0.164% |
| 052: | BROCKVILLE, ON | 0.155% |
| 053: | KESWICK, ON | 0.153% |
| 054: | GEORGETOWN, ON | 0.153% |
| 055: | BOWMANVILLE, ON | 0.151% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 19.8% | |
| Refinance: | 18.8% | |
| First-time Buyer: | 15.6% | |
| Qualification: | 13.5% | |
| Purchase: | 13.5% | |
| No Money Down: | 5.2% | |
| Variable Rate: | 4.2% | |
| Low Doc: | 2.1% | |
| Commercial: | 2.1% | |
| Recreational: | 2.1% | |
| Investment: | 2.1% | |
| Equity Mortgage: | 1.0% | |
| Total Application Types Found: 12 | ||
Average age: 39
Oldest age: 74
Youngest age: 20
The following figures show the average income of people living in Aurora who have submitted a mortgage inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Aurora: | $69,851.27 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $10,352.81 |
| mortgage co-applicants in Aurora: | $56,111.40 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $13,708.27 |
The table and pie chart below represents the residential status of people living in Aurora who have applied for a mortgage loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 29.2% | |
| Own: | 62.5% | |
| No Comment: | 1.0% | |
| Live with parents: | 7.3% |
The information below shows the marital status of applicants from Aurora, Ontario using the online mortgage application located at canequity.com. In Aurora, 62% of the mortgage applicants are living with someone, while only 37% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 53.1% | |
| Single: | 25.0% | |
| Common-law: | 9.4% | |
| Separated: | 8.3% | |
| Divorced: | 4.2% |
