Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 10.00% | 0.01% |
| 2010: | 6.25% | 0.01% |
| 2009: | 17.50% | 0.03% |
| 2008: | 18.75% | 0.03% |
| 2007: | 7.50% | 0.01% |
| 2006: | 7.50% | 0.01% |
| 2005: | 5.00% | 0.01% |
| 2004: | 17.50% | 0.03% |
| 2003: | 6.25% | 0.01% |
| 2002: | 3.75% | 0.01% |
The graph below represents the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Bowmanville seem to occur during our second quarter (represented by the green bars) with 33.75% while our slowest is the third quarter (represented by the blue bars) with 13.75%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 15.0% | |
| 2: | May: | 13.8% | |
| 3: | April: | 11.3% | |
| 4: | February: | 11.3% | |
| 5: | December: | 8.8% | |
| 6: | June: | 8.8% | |
| 7: | October: | 8.8% | |
| 8: | January: | 6.3% | |
| 9: | September: | 6.3% | |
| 10: | July: | 3.8% | |
| 11: | August: | 3.8% | |
| 12: | November: | 2.5% |
The information listed below illustrates the busy days for mortgage inquiries that were received by CanEquity's web site. Each day is a representation of the combined 6-year total of all instances of that day. In Bowmanville the busiest day, with approximately 18.75% of all submissions, is Thursday. In comparison, Sunday's are the slowest day with only 8.75% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 18.8% | |
| 2: | Tuesday: | 17.5% | |
| 3: | Wednesday: | 16.3% | |
| 4: | Monday: | 13.8% | |
| 5: | Friday: | 12.5% | |
| 6: | Saturday: | 12.5% | |
| 7: | Sunday: | 8.8% |
Inquiries are received 24 hours a day via the CanEquity web site. The graph 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 |
|---|---|
| 00:00 to 00:59: | 1.3% |
| 04:00 to 04:59: | 1.3% |
| 05:00 to 05:59: | 1.3% |
| 07:00 to 07:59: | 5.0% |
| 08:00 to 08:59: | 10.0% |
| 09:00 to 09:59: | 16.3% |
| 10:00 to 10:59: | 6.3% |
| 11:00 to 11:59: | 7.5% |
| 12:00 to 12:59: | 6.3% |
| 13:00 to 13:59: | 6.3% |
| 14:00 to 14:59: | 2.5% |
| 15:00 to 15:59: | 3.8% |
| 16:00 to 16:59: | 7.5% |
| 17:00 to 17:59: | 3.8% |
| 18:00 to 18:59: | 3.8% |
| 19:00 to 19:59: | 5.0% |
| 20:00 to 20:59: | 6.3% |
| 21:00 to 21:59: | 2.5% |
| 23:00 to 23:59: | 3.8% |
| 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 | |
|---|---|---|
| 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% |
| 056: | STRATFORD, ON | 0.145% |
| 057: | DUNDAS, ON | 0.145% |
| 058: | TRENTON, ON | 0.145% |
| 059: | SIMCOE, ON | 0.136% |
| 060: | MAPLE, ON | 0.134% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 28.7% | |
| Qualification: | 20.0% | |
| First-time Buyer: | 12.5% | |
| Renewal: | 12.5% | |
| No Money Down: | 11.3% | |
| Purchase: | 8.8% | |
| Pre-approval: | 2.5% | |
| Low Doc: | 1.3% | |
| Long Term Fixed: | 1.3% | |
| Variable Rate: | 1.3% | |
| Total Application Types Found: 10 | ||
Average age: 37
Oldest age: 70
Youngest age: 22
The figures below represent the average income of Canadians living in Bowmanville who have applied for a mortgage loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Bowmanville: | $61,027.81 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $1,529.34 |
| mortgage co-applicants in Bowmanville: | $53,567.88 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $11,164.74 |
The following table represents the residential status of people living in Bowmanville who have applied for a home loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 35.0% | |
| Own: | 57.5% | |
| Other: | 1.3% | |
| No Comment: | 3.8% | |
| Live with parents: | 2.5% |
The following table and pie chart represents the marital status of applicants from Bowmanville, Ontario using the online mortgage application located at the CanEquity web site. Approximately 63% of the mortgage applicants are living together with someone, while only 36% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 48.8% | |
| Single: | 31.3% | |
| Common-law: | 15.0% | |
| Separated: | 3.8% | |
| Divorced: | 1.3% |
