Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.31% | 0.07% |
| 2010: | 10.98% | 0.09% |
| 2009: | 12.41% | 0.10% |
| 2008: | 14.32% | 0.11% |
| 2007: | 10.50% | 0.08% |
| 2006: | 10.26% | 0.08% |
| 2005: | 10.02% | 0.08% |
| 2004: | 9.55% | 0.08% |
| 2003: | 8.83% | 0.07% |
| 2002: | 3.82% | 0.03% |
The following illustrates the individual monthly volume history for Internet pre-approval applications from Burlington, ON.
This bar graph displays the volumes of mortgage 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 30.55% while our slowest is the fourth quarter (represented by the red bars) with 20.29%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 11.5% | |
| 2: | February: | 11.0% | |
| 3: | April: | 10.3% | |
| 4: | May: | 9.8% | |
| 5: | March: | 8.1% | |
| 6: | October: | 7.9% | |
| 7: | August: | 7.4% | |
| 8: | September: | 7.4% | |
| 9: | July: | 7.2% | |
| 10: | June: | 7.2% | |
| 11: | November: | 6.4% | |
| 12: | December: | 6.0% |
The graph listed below displays 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 Burlington the busiest day, with 17.18% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 10.50% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 17.2% | |
| 2: | Tuesday: | 17.2% | |
| 3: | Thursday: | 15.8% | |
| 4: | Wednesday: | 15.3% | |
| 5: | Friday: | 13.1% | |
| 6: | Sunday: | 11.0% | |
| 7: | Saturday: | 10.5% |
In Burlington, mortgages are received 24 hours a day via the CanEquity web site. The report shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.0% |
| 03:00 to 03:59: | 0.2% |
| 04:00 to 04:59: | 1.0% |
| 05:00 to 05:59: | 2.6% |
| 06:00 to 06:59: | 2.9% |
| 07:00 to 07:59: | 5.0% |
| 08:00 to 08:59: | 7.4% |
| 09:00 to 09:59: | 5.0% |
| 10:00 to 10:59: | 6.0% |
| 11:00 to 11:59: | 9.1% |
| 12:00 to 12:59: | 6.2% |
| 13:00 to 13:59: | 7.9% |
| 14:00 to 14:59: | 6.4% |
| 15:00 to 15:59: | 5.7% |
| 16:00 to 16:59: | 5.5% |
| 17:00 to 17:59: | 6.7% |
| 18:00 to 18:59: | 6.2% |
| 19:00 to 19:59: | 5.3% |
| 20:00 to 20:59: | 4.8% |
| 21:00 to 21:59: | 3.3% |
| 22:00 to 22:59: | 1.0% |
| 23:00 to 23:59: | 1.0% |
| 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 | |
|---|---|---|
| 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% |
| 011: | BURLINGTON, ON | 0.791% |
| 012: | GUELPH, ON | 0.681% |
| 013: | OAKVILLE, ON | 0.670% |
| 014: | CAMBRIDGE, ON | 0.642% |
| 015: | OSHAWA, ON | 0.627% |
| 016: | ST CATHARINES, ON | 0.540% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 22.7% | |
| Refinance: | 19.1% | |
| Renewal: | 13.6% | |
| First-time Buyer: | 13.4% | |
| No Money Down: | 10.3% | |
| Purchase: | 9.8% | |
| Pre-approval: | 2.1% | |
| Variable Rate: | 2.1% | |
| Low Doc: | 1.4% | |
| Second Mortgage: | 1.2% | |
| Equity Mortgage: | 1.2% | |
| Home Renovation: | 1.0% | |
| Other: | 2% | |
| Total Application Types Found: 17 | ||
Average age: 39
Oldest age: 83
Youngest age: 22
The following depicts the average income of people living in Burlington 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 Burlington: | $69,351.40 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $9,852.93 |
| mortgage co-applicants in Burlington: | $45,730.23 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $3,327.10 |
The table and pie chart below represents the residential status of people living in Burlington who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 33.2% | |
| Own: | 56.1% | |
| Other: | 1.9% | |
| No Comment: | 3.1% | |
| Live with parents: | 5.7% |
The following table and pie chart represents the marital status of applicants from Burlington, Ontario using the preapproval application found at canequity.com. In Burlington, approximately 59% of the mortgage applicants are living common-law or married, while only 39% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 52.3% | |
| Single: | 29.1% | |
| Common-law: | 7.2% | |
| Separated: | 6.4% | |
| Divorced: | 4.3% | |
| Widowed: | 0.7% |
