Burlington Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 3.75% | * 0.03% |
| 2009: | 14.99% | 0.12% |
| 2008: | 17.29% | 0.14% |
| 2007: | 12.68% | 0.10% |
| 2006: | 12.39% | 0.10% |
| 2005: | 12.10% | 0.10% |
| 2004: | 11.53% | 0.09% |
| 2003: | 10.66% | 0.09% |
| 2002: | 4.61% | 0.04% |
This bar graph displays the individual monthly volume history for Internet mortgage pre-approval applications submitted from Burlington, ON.
This bar graph displays the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Burlington happen to occur during our first quarter (represented by the brown bars) with 32.28% while our slowest is the fourth quarter (represented by the red bars) with 19.60%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 12.4% | |
| 2: | January: | 11.8% | |
| 3: | May: | 10.1% | |
| 4: | April: | 9.8% | |
| 5: | March: | 8.1% | |
| 6: | September: | 7.5% | |
| 7: | July: | 7.2% | |
| 8: | June: | 7.2% | |
| 9: | October: | 7.2% | |
| 10: | November: | 6.3% | |
| 11: | August: | 6.3% | |
| 12: | December: | 6.0% |
The bar graph listed below shows the busy days for Internet 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 Burlington the busiest day of the week, with 18.44% of all applications, is Monday. In comparison, Sunday's are the slowest day with only 11.24% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.4% | |
| 2: | Tuesday: | 15.9% | |
| 3: | Wednesday: | 15.3% | |
| 4: | Thursday: | 15.3% | |
| 5: | Friday: | 12.1% | |
| 6: | Saturday: | 11.8% | |
| 7: | Sunday: | 11.2% |
In Burlington, mortgage applications are received 24 hours a day from the CanEquity web site. The graph shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 38.3% of all mortgages are received before noon, while 60.5% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.2% |
| 03:00 to 03:59: | 0.3% |
| 04:00 to 04:59: | 0.9% |
| 05:00 to 05:59: | 2.3% |
| 06:00 to 06:59: | 2.6% |
| 07:00 to 07:59: | 4.9% |
| 08:00 to 08:59: | 6.6% |
| 09:00 to 09:59: | 5.2% |
| 10:00 to 10:59: | 6.3% |
| 11:00 to 11:59: | 9.2% |
| 12:00 to 12:59: | 6.1% |
| 13:00 to 13:59: | 8.4% |
| 14:00 to 14:59: | 6.1% |
| 15:00 to 15:59: | 6.1% |
| 16:00 to 16:59: | 6.3% |
| 17:00 to 17:59: | 7.2% |
| 18:00 to 18:59: | 5.5% |
| 19:00 to 19:59: | 5.2% |
| 20:00 to 20:59: | 4.0% |
| 21:00 to 21:59: | 3.7% |
| 22:00 to 22:59: | 0.9% |
| 23:00 to 23:59: | 1.2% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.11% |
| British Columbia: | 10.88% |
| Manitoba: | 2.10% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.90% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 006: | HAMILTON, ON | 1.512% |
| 007: | KITCHENER, ON | 1.063% |
| 008: | SCARBOROUGH, ON | 0.927% |
| 009: | BARRIE, ON | 0.873% |
| 010: | WINDSOR, ON | 0.847% |
| 011: | BURLINGTON, ON | 0.816% |
| 012: | OAKVILLE, ON | 0.717% |
| 013: | OSHAWA, ON | 0.659% |
| 014: | CAMBRIDGE, ON | 0.604% |
| 015: | GUELPH, ON | 0.600% |
| 016: | ST CATHARINES, ON | 0.555% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 23.1% | |
| Refinance: | 20.2% | |
| First-time Buyer: | 14.4% | |
| Renewal: | 13.8% | |
| No Money Down: | 10.4% | |
| Purchase: | 7.2% | |
| Variable Rate: | 2.6% | |
| Pre-approval: | 2.0% | |
| Second Mortgage: | 1.4% | |
| Low Doc: | 1.4% | |
| Home Renovation: | 1.2% | |
| Equity Mortgage: | 0.9% | |
| Other: | 1.5% | |
| Total Application Types Found: 16 | ||
Average age: 40
Oldest age: 83
Youngest age: 22
The amounts shown below represent the average income of Canadians living in Burlington who have applied for a home loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Burlington: | $70,164.19 |
| applicants within all of Canada: | $58,581.24 |
| Difference: | $11,582.95 |
| mortgage co-applicants in Burlington: | $44,748.26 |
| co-applicants within all of Canada: | $41,209.57 |
| Difference: | $3,538.69 |
The table and pie chart below represents the residential status of people living in Burlington who have applied for a mortgage loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 32.3% | |
| Own: | 58.2% | |
| Other: | 1.4% | |
| No Comment: | 3.5% | |
| Live with parents: | 4.6% |
The pie chart below represents the marital status of applicants from Burlington, Ontario using the online mortgage application found on the CanEquity Mortgage web site. In Burlington, over 59% of the mortgage applicants are living common-law or married, while only 40% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 52.4% | |
| Single: | 29.4% | |
| Common-law: | 6.9% | |
| Separated: | 6.1% | |
| Divorced: | 4.6% | |
| Widowed: | 0.6% |
