Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 10.17% | * 0.01% |
| 2009: | 11.86% | 0.01% |
| 2008: | 11.86% | 0.01% |
| 2007: | 10.17% | 0.01% |
| 2006: | 20.34% | 0.03% |
| 2005: | 15.25% | 0.02% |
| 2004: | 5.09% | 0.01% |
| 2003: | 10.17% | 0.01% |
| 2002: | 5.09% | 0.01% |
The following represents the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Bradford usually occur during our first quarter (represented by the brown bars) with 37.29% while our slowest is the fourth quarter (represented by the red bars) with 18.64%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 13.6% | |
| 2: | March: | 13.6% | |
| 3: | July: | 11.9% | |
| 4: | January: | 10.2% | |
| 5: | August: | 10.2% | |
| 6: | June: | 10.2% | |
| 7: | November: | 8.5% | |
| 8: | May: | 6.8% | |
| 9: | October: | 6.8% | |
| 10: | April: | 3.4% | |
| 11: | December: | 3.4% | |
| 12: | September: | 1.7% |
The graph below displays the busy days for online mortgage applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Bradford, the day with the most volume, generating 22.03% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 5.08% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 22.0% | |
| 2: | Thursday: | 22.0% | |
| 3: | Monday: | 16.9% | |
| 4: | Wednesday: | 15.3% | |
| 5: | Friday: | 10.2% | |
| 6: | Sunday: | 8.5% | |
| 7: | Saturday: | 5.1% |
In Bradford, mortgage applications are received 24 hours a day via the CanEquity web site. The statistics shown below indicates the peak hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 06:00 to 06:59: | 6.8% |
| 07:00 to 07:59: | 8.5% |
| 08:00 to 08:59: | 8.5% |
| 09:00 to 09:59: | 8.5% |
| 10:00 to 10:59: | 10.2% |
| 11:00 to 11:59: | 1.7% |
| 12:00 to 12:59: | 5.1% |
| 13:00 to 13:59: | 5.1% |
| 14:00 to 14:59: | 11.9% |
| 15:00 to 15:59: | 3.4% |
| 16:00 to 16:59: | 5.1% |
| 17:00 to 17:59: | 3.4% |
| 18:00 to 18:59: | 3.4% |
| 19:00 to 19:59: | 6.8% |
| 20:00 to 20:59: | 6.8% |
| 21:00 to 21:59: | 3.4% |
| 22:00 to 22:59: | 1.7% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.19% |
| British Columbia: | 10.79% |
| Manitoba: | 2.12% |
| New Brunswick: | 2.18% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.61% |
| Prince Edward Island: | 0.46% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.28% |
| Location | Contribution | |
|---|---|---|
| 055: | KESWICK, ON | 0.154% |
| 056: | BOWMANVILLE, ON | 0.154% |
| 057: | DUNDAS, ON | 0.143% |
| 058: | TRENTON, ON | 0.143% |
| 059: | MAPLE, ON | 0.136% |
| 060: | BRADFORD, ON | 0.130% |
| 061: | COBOURG, ON | 0.125% |
| 062: | LINDSAY, ON | 0.125% |
| 063: | OWEN SOUND, ON | 0.125% |
| 064: | STRATHROY, ON | 0.123% |
| 065: | FORT ERIE, ON | 0.114% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 23.7% | |
| Qualification: | 22.0% | |
| First-time Buyer: | 18.6% | |
| Renewal: | 16.9% | |
| No Money Down: | 10.2% | |
| Low Doc: | 3.4% | |
| Purchase: | 3.4% | |
| Home Renovation: | 1.7% | |
| Total Application Types Found: 8 | ||
Average age: 37
Oldest age: 58
Youngest age: 21
The amounts shown below represent the average income of Canadians living in Bradford who have submitted an inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Bradford: | $56,063.71 |
| applicants within all of Canada: | $58,945.81 |
| Difference: | ($2,882.10) |
| mortgage co-applicants in Bradford: | $52,800.00 |
| co-applicants within all of Canada: | $41,508.27 |
| Difference: | $11,291.73 |
The information shown below represents the residential status of people living in Bradford who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 32.2% | |
| Own: | 54.2% | |
| Other: | 1.7% | |
| No Comment: | 1.7% | |
| Live with parents: | 10.2% |
The following table and pie chart represents the marital status of applicants from Bradford, Ontario using the mortgage preapproval application found on canequity.com. In Bradford, approximately 67% of the mortgage applicants are living common-law or married, while only 30% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 59.3% | |
| Single: | 22.0% | |
| Common-law: | 8.5% | |
| Divorced: | 5.1% | |
| Separated: | 3.4% | |
| Widowed: | 1.7% |
