Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 9.97% | * 0.08% |
| 2009: | 14.02% | 0.11% |
| 2008: | 16.17% | 0.13% |
| 2007: | 11.86% | 0.10% |
| 2006: | 11.59% | 0.09% |
| 2005: | 11.32% | 0.09% |
| 2004: | 10.78% | 0.09% |
| 2003: | 9.97% | 0.08% |
| 2002: | 4.31% | 0.04% |
The following displays the individual monthly volume history for Internet mortgage applications from Burlington, ON.
The 6-year bar graph below displays the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Burlington occur during our first quarter (represented by the brown bars) with 31.54% while our slowest is the fourth quarter (represented by the red bars) with 18.33%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 11.6% | |
| 2: | April: | 11.3% | |
| 3: | January: | 11.1% | |
| 4: | May: | 10.5% | |
| 5: | March: | 8.9% | |
| 6: | June: | 7.5% | |
| 7: | July: | 7.0% | |
| 8: | September: | 7.0% | |
| 9: | August: | 6.7% | |
| 10: | October: | 6.7% | |
| 11: | November: | 5.9% | |
| 12: | December: | 5.7% |
The data below illustrates the busy days for mortgage inquiries that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Burlington the most busy day of the week, with 18.06% of all applications, is Monday. In comparison, Sunday's are the slowest day with only 11.59% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.1% | |
| 2: | Tuesday: | 16.7% | |
| 3: | Thursday: | 15.1% | |
| 4: | Wednesday: | 14.3% | |
| 5: | Friday: | 12.7% | |
| 6: | Saturday: | 11.6% | |
| 7: | Sunday: | 11.6% |
In Burlington, inquiries are received 24 hours a day via our web site. The following represents the busy hours in the day. The data is taken from all days of all years. Only 38.3% of all mortgages are received during the morning, while 60.6% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.1% |
| 03:00 to 03:59: | 0.3% |
| 04:00 to 04:59: | 1.1% |
| 05:00 to 05:59: | 2.4% |
| 06:00 to 06:59: | 2.4% |
| 07:00 to 07:59: | 4.6% |
| 08:00 to 08:59: | 7.3% |
| 09:00 to 09:59: | 5.1% |
| 10:00 to 10:59: | 6.2% |
| 11:00 to 11:59: | 8.9% |
| 12:00 to 12:59: | 6.2% |
| 13:00 to 13:59: | 7.8% |
| 14:00 to 14:59: | 6.5% |
| 15:00 to 15:59: | 5.7% |
| 16:00 to 16:59: | 5.9% |
| 17:00 to 17:59: | 7.3% |
| 18:00 to 18:59: | 5.9% |
| 19:00 to 19:59: | 5.4% |
| 20:00 to 20:59: | 4.0% |
| 21:00 to 21:59: | 3.8% |
| 22:00 to 22:59: | 1.1% |
| 23:00 to 23:59: | 1.1% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.20% |
| British Columbia: | 10.79% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.19% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.60% |
| Prince Edward Island: | 0.47% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.29% |
| Location | Contribution | |
|---|---|---|
| 006: | HAMILTON, ON | 1.507% |
| 007: | KITCHENER, ON | 1.046% |
| 008: | SCARBOROUGH, ON | 0.904% |
| 009: | BARRIE, ON | 0.840% |
| 010: | WINDSOR, ON | 0.825% |
| 011: | BURLINGTON, ON | 0.814% |
| 012: | OAKVILLE, ON | 0.698% |
| 013: | OSHAWA, ON | 0.643% |
| 014: | CAMBRIDGE, ON | 0.630% |
| 015: | GUELPH, ON | 0.612% |
| 016: | BRANTFORD, ON | 0.544% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 23.2% | |
| Refinance: | 19.1% | |
| First-time Buyer: | 14.8% | |
| Renewal: | 13.7% | |
| No Money Down: | 11.1% | |
| Purchase: | 7.0% | |
| Pre-approval: | 2.4% | |
| Variable Rate: | 2.4% | |
| Second Mortgage: | 1.3% | |
| Low Doc: | 1.3% | |
| Home Renovation: | 1.1% | |
| Other: | 2.5% | |
| Total Application Types Found: 16 | ||
Average age: 40
Oldest age: 83
Youngest age: 22
The numbers below represent the average income of people living in Burlington who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Burlington: | $70,126.46 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | $11,180.58 |
| mortgage co-applicants in Burlington: | $44,788.24 |
| co-applicants within all of Canada: | $41,522.27 |
| Difference: | $3,265.97 |
The information below represents the residential status of people living in Burlington who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 32.1% | |
| Own: | 57.7% | |
| Other: | 1.6% | |
| No Comment: | 3.2% | |
| Live with parents: | 5.4% |
The following pie chart represents the marital status of applicants from Burlington, Ontario using the mortgage application found on the CanEquity Mortgage web site. 59% of the mortgage applicants are living with someone, while only 39% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 52.3% | |
| Single: | 28.8% | |
| Common-law: | 7.3% | |
| Separated: | 6.2% | |
| Divorced: | 4.9% | |
| Widowed: | 0.5% |
