Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 8.47% | 0.13% |
| 2010: | 10.87% | 0.16% |
| 2009: | 15.30% | 0.23% |
| 2008: | 9.99% | 0.15% |
| 2007: | 12.77% | 0.19% |
| 2006: | 10.75% | 0.16% |
| 2005: | 9.23% | 0.14% |
| 2004: | 10.75% | 0.16% |
| 2003: | 7.71% | 0.12% |
| 2002: | 4.17% | 0.06% |
The graph below represents the individual monthly volume history for Internet mortgage pre-approval applications submitted from Brampton, ON.
The bar graph below depicts the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Brampton usually occur during our first quarter (represented by the brown bars) with 31.61% while our slowest is the fourth quarter (represented by the red bars) with 15.30%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 13.2% | |
| 2: | April: | 9.9% | |
| 3: | January: | 9.5% | |
| 4: | July: | 9.4% | |
| 5: | August: | 9.4% | |
| 6: | February: | 9.0% | |
| 7: | May: | 8.3% | |
| 8: | September: | 8.2% | |
| 9: | June: | 8.0% | |
| 10: | October: | 6.1% | |
| 11: | November: | 5.3% | |
| 12: | December: | 3.9% |
The graph listed below compares the busy days for Internet mortgage applications that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Brampton the most busy day of the week, with 20.99% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 8.09% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 21.0% | |
| 2: | Monday: | 16.9% | |
| 3: | Wednesday: | 15.9% | |
| 4: | Thursday: | 15.9% | |
| 5: | Friday: | 11.6% | |
| 6: | Sunday: | 10.5% | |
| 7: | Saturday: | 8.1% |
In Brampton, mortgage applications are received 24 hours a day via the CanEquity web site. The information shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 40.3% of all mortgages are received during the morning, while 57.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.9% |
| 01:00 to 01:59: | 1.0% |
| 02:00 to 02:59: | 0.4% |
| 03:00 to 03:59: | 0.4% |
| 04:00 to 04:59: | 0.5% |
| 05:00 to 05:59: | 1.1% |
| 06:00 to 06:59: | 2.8% |
| 07:00 to 07:59: | 6.6% |
| 08:00 to 08:59: | 6.2% |
| 09:00 to 09:59: | 6.8% |
| 10:00 to 10:59: | 10.6% |
| 11:00 to 11:59: | 5.3% |
| 12:00 to 12:59: | 8.0% |
| 13:00 to 13:59: | 4.8% |
| 14:00 to 14:59: | 6.3% |
| 15:00 to 15:59: | 4.6% |
| 16:00 to 16:59: | 5.9% |
| 17:00 to 17:59: | 4.9% |
| 18:00 to 18:59: | 7.1% |
| 19:00 to 19:59: | 5.1% |
| 20:00 to 20:59: | 4.6% |
| 21:00 to 21:59: | 3.5% |
| 22:00 to 22:59: | 1.5% |
| 23:00 to 23:59: | 1.1% |
| 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 | |
|---|---|---|
| 001: | TORONTO, ON | 4.581% |
| 002: | MISSISSAUGA, ON | 2.463% |
| 003: | OTTAWA, ON | 2.261% |
| 004: | LONDON, ON | 1.546% |
| 005: | BRAMPTON, ON | 1.493% |
| 006: | HAMILTON, ON | 1.472% |
| 007: | KITCHENER, ON | 1.048% |
| 008: | SCARBOROUGH, ON | 0.885% |
| 009: | BARRIE, ON | 0.823% |
| 010: | WINDSOR, ON | 0.804% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 18.0% | |
| Refinance: | 17.8% | |
| Renewal: | 16.6% | |
| First-time Buyer: | 15.7% | |
| No Money Down: | 11.0% | |
| Purchase: | 10.2% | |
| Variable Rate: | 2.0% | |
| Investment: | 1.4% | |
| Commercial: | 1.3% | |
| Pre-approval: | 1.3% | |
| Second Mortgage: | 1.0% | |
| Equity Mortgage: | 1.0% | |
| Low Doc: | 0.9% | |
| Other: | 1.8% | |
| Total Application Types Found: 20 | ||
Average age: 38
Oldest age: 83
Youngest age: 19
The following depicts the average income of people living in Brampton who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Brampton: | $56,701.86 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($2,796.60) |
| mortgage co-applicants in Brampton: | $40,711.47 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($1,691.66) |
The chart and pie-graph below depicts the residential status of people living in Brampton who have submitted a mortgage inquiry using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 34.5% | |
| Own: | 53.4% | |
| Other: | 1.5% | |
| No Comment: | 3.0% | |
| Live with parents: | 7.6% |
The following table and pie chart represents the marital status of applicants from Brampton, Ontario using the mortgage application found at canequity.com. In Brampton, over 68% of the mortgage applicants are living with someone, while only 30% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 57.9% | |
| Single: | 23.9% | |
| Common-law: | 10.1% | |
| Divorced: | 4.0% | |
| Separated: | 3.0% | |
| Widowed: | 1.0% |
