Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.38% | 0.01% |
| 2010: | 15.63% | 0.01% |
| 2009: | 12.50% | 0.01% |
| 2008: | 9.38% | 0.01% |
| 2007: | 6.25% | 0.00% |
| 2006: | 21.88% | 0.01% |
| 2005: | 3.13% | 0.00% |
| 2004: | 6.25% | 0.00% |
| 2003: | 15.63% | 0.01% |
The graph listed below plots the busy days for online 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 Beamsville the busiest day, with 37.50% of all inquiries, is Wednesday. In comparison, Sunday's are the slowest day with only 6.25% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 37.5% | |
| 2: | Monday: | 21.9% | |
| 3: | Tuesday: | 12.5% | |
| 4: | Thursday: | 12.5% | |
| 5: | Friday: | 9.4% | |
| 6: | Sunday: | 6.3% |
In Beamsville, mortgages are received 24 hours a day via the CanEquity web site. The report shown below indicates the rush hours in the day. The data is taken from all days of all years. Only 40.6% of all mortgages are received before noon, while 59.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 04:00 to 04:59: | 3.1% |
| 05:00 to 05:59: | 12.5% |
| 08:00 to 08:59: | 15.6% |
| 10:00 to 10:59: | 6.3% |
| 11:00 to 11:59: | 3.1% |
| 12:00 to 12:59: | 9.4% |
| 15:00 to 15:59: | 12.5% |
| 16:00 to 16:59: | 6.3% |
| 18:00 to 18:59: | 6.3% |
| 19:00 to 19:59: | 6.3% |
| 20:00 to 20:59: | 9.4% |
| 21:00 to 21:59: | 9.4% |
| 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 | |
|---|---|---|
| 106: | DUNNVILLE, ON | 0.062% |
| 107: | PORT PERRY, ON | 0.062% |
| 108: | WALLACEBURG, ON | 0.062% |
| 109: | CARLETON PLACE, ON | 0.062% |
| 110: | KEMPTVILLE, ON | 0.060% |
| 111: | BEAMSVILLE, ON | 0.060% |
| 112: | CALEDON, ON | 0.060% |
| 113: | ELLIOT LAKE, ON | 0.060% |
| 114: | BANCROFT, ON | 0.060% |
| 115: | GODERICH, ON | 0.059% |
| 116: | BELLE RIVER, ON | 0.059% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 31.3% | |
| Refinance: | 18.8% | |
| No Money Down: | 12.5% | |
| Purchase: | 12.5% | |
| First-time Buyer: | 6.3% | |
| Investment: | 6.3% | |
| Variable Rate: | 6.3% | |
| Pre-approval: | 3.1% | |
| Commercial: | 3.1% | |
| Total Application Types Found: 9 | ||
Average age: 36
Oldest age: 55
Youngest age: 20
The numbers below represent the average income of people living in Beamsville who have applied for a loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Beamsville: | $61,660.59 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $2,162.12 |
| mortgage co-applicants in Beamsville: | $33,750.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($8,653.13) |
The following depicts the residential status of people living in Beamsville who have applied for a mortgage using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 34.4% | |
| Own: | 53.1% | |
| Other: | 6.3% | |
| Live with parents: | 6.3% |
The following table and pie chart represents the marital status of applicants from Beamsville, Ontario using the mortgage preapproval application found at the CanEquity web site. In Beamsville, over 62% of the mortgage applicants are either married or living common-law, while only 37% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 53.1% | |
| Single: | 28.1% | |
| Common-law: | 9.4% | |
| Divorced: | 6.3% | |
| Separated: | 3.1% |
