Burlington Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 13.95% | * 0.12% |
| 2007: | 17.05% | 0.15% |
| 2006: | 16.67% | 0.14% |
| 2005: | 16.28% | 0.14% |
| 2004: | 15.50% | 0.13% |
| 2003: | 14.34% | 0.12% |
| 2002: | 6.20% | 0.05% |
This graph shows the individual monthly volume history for Internet mortgage applications sent from Burlington, ON.
The following shows the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Burlington mostly occur during our first quarter (represented by the brown bars) with 31.40% while our slowest is the fourth quarter (represented by the red bars) with 19.77%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 12.0% | |
| 2: | January: | 11.2% | |
| 3: | April: | 10.5% | |
| 4: | May: | 10.1% | |
| 5: | March: | 8.1% | |
| 6: | June: | 7.8% | |
| 7: | September: | 7.4% | |
| 8: | November: | 7.0% | |
| 9: | August: | 7.0% | |
| 10: | October: | 7.0% | |
| 11: | July: | 6.2% | |
| 12: | December: | 5.8% |
The data below shows the busy days for online mortgage applications that were received by CanEquity. 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 17.44% of all applications, is Monday. In comparison, Sunday's are the slowest day with only 12.02% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 17.4% | |
| 2: | Thursday: | 16.7% | |
| 3: | Tuesday: | 15.1% | |
| 4: | Friday: | 13.2% | |
| 5: | Saturday: | 13.2% | |
| 6: | Wednesday: | 12.4% | |
| 7: | Sunday: | 12.0% |
In Burlington, applications are received 24 hours a day from our web site. The statistics shown below represents the busy hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.6% |
| 04:00 to 04:59: | 0.4% |
| 05:00 to 05:59: | 1.6% |
| 06:00 to 06:59: | 2.7% |
| 07:00 to 07:59: | 5.4% |
| 08:00 to 08:59: | 5.0% |
| 09:00 to 09:59: | 5.0% |
| 10:00 to 10:59: | 6.2% |
| 11:00 to 11:59: | 9.7% |
| 12:00 to 12:59: | 5.4% |
| 13:00 to 13:59: | 7.0% |
| 14:00 to 14:59: | 6.6% |
| 15:00 to 15:59: | 6.6% |
| 16:00 to 16:59: | 6.6% |
| 17:00 to 17:59: | 7.0% |
| 18:00 to 18:59: | 6.2% |
| 19:00 to 19:59: | 5.4% |
| 20:00 to 20:59: | 4.7% |
| 21:00 to 21:59: | 4.7% |
| 22:00 to 22:59: | 0.8% |
| 23:00 to 23:59: | 1.6% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.48% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.78% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.35% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.59% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 006: | HAMILTON, ON | 1.463% |
| 007: | SCARBOROUGH, ON | 0.990% |
| 008: | KITCHENER, ON | 0.973% |
| 009: | WINDSOR, ON | 0.930% |
| 010: | BARRIE, ON | 0.920% |
| 011: | BURLINGTON, ON | 0.854% |
| 012: | OAKVILLE, ON | 0.705% |
| 013: | OSHAWA, ON | 0.645% |
| 014: | ST CATHARINES, ON | 0.573% |
| 015: | BRANTFORD, ON | 0.569% |
| 016: | ETOBICOKE, ON | 0.556% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 24.0% | |
| Refinance: | 23.3% | |
| Renewal: | 12.8% | |
| First-time Buyer: | 12.0% | |
| No Money Down: | 10.9% | |
| Purchase: | 6.2% | |
| Variable Rate: | 3.1% | |
| Low Doc: | 1.9% | |
| Pre-approval: | 1.6% | |
| Home Renovation: | 1.6% | |
| Second Mortgage: | 1.2% | |
| Other: | 1.6% | |
| Total Application Types Found: 14 | ||
Average age: 40
Oldest age: 71
Youngest age: 22
The amounts shown below represent the average income of applicants living in Burlington who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Burlington: | $68,635.95 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | $12,251.65 |
| mortgage co-applicants in Burlington: | $43,903.08 |
| co-applicants within all of Canada: | $39,375.53 |
| Difference: | $4,527.55 |
The pie chart below shows the residential status of people living in Burlington who have applied for a mortgage using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 31.0% | |
| Own: | 58.9% | |
| Other: | 1.2% | |
| No Comment: | 4.7% | |
| Live with parents: | 4.3% |
The following information represents the marital status of applicants from Burlington, Ontario using the preapproval application found on the CanEquity Mortgage web site. In Burlington, over 57% of the mortgage applicants are living with someone, while only 41% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 51.6% | |
| Single: | 30.2% | |
| Common-law: | 6.2% | |
| Divorced: | 5.8% | |
| Separated: | 5.4% | |
| Widowed: | 0.8% |
