Caledon Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 10.35% | * 0.01% |
| 2009: | 27.59% | 0.02% |
| 2008: | 24.14% | 0.02% |
| 2007: | 17.24% | 0.01% |
| 2004: | 6.90% | 0.01% |
| 2003: | 13.79% | 0.01% |
The graph listed below compares the busy days for mortgage inquiries that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Caledon the most busy day of the week, with 24.14% of all inquiries, is Tuesday. In comparison, Thursday's are the slowest day with only 10.34% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 24.1% | |
| 2: | Friday: | 17.2% | |
| 3: | Monday: | 13.8% | |
| 4: | Wednesday: | 13.8% | |
| 5: | Saturday: | 10.3% | |
| 6: | Sunday: | 10.3% | |
| 7: | Thursday: | 10.3% |
Mortgage inquiries are received 24 hours a day on the CanEquity web site. The information shown below indicates the rush hours in the day. The data is taken from all days of all years. Only 34.5% of all mortgages are received before noon, while 58.6% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.4% |
| 02:00 to 02:59: | 3.4% |
| 05:00 to 05:59: | 3.4% |
| 07:00 to 07:59: | 3.4% |
| 08:00 to 08:59: | 10.3% |
| 09:00 to 09:59: | 6.9% |
| 10:00 to 10:59: | 3.4% |
| 11:00 to 11:59: | 6.9% |
| 12:00 to 12:59: | 13.8% |
| 13:00 to 13:59: | 6.9% |
| 14:00 to 14:59: | 6.9% |
| 15:00 to 15:59: | 3.4% |
| 16:00 to 16:59: | 3.4% |
| 17:00 to 17:59: | 3.4% |
| 18:00 to 18:59: | 6.9% |
| 19:00 to 19:59: | 10.3% |
| 22:00 to 22:59: | 3.4% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.11% |
| British Columbia: | 10.86% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.11% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.15% |
| Saskatchewan: | 5.06% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 094: | PORT COLBORNE, ON | 0.073% |
| 095: | INGERSOLL, ON | 0.073% |
| 096: | GLOUCESTER, ON | 0.073% |
| 097: | PORT PERRY, ON | 0.070% |
| 098: | NAPANEE, ON | 0.068% |
| 099: | CALEDON, ON | 0.068% |
| 100: | STITTSVILLE, ON | 0.068% |
| 101: | CARLETON PLACE, ON | 0.068% |
| 102: | BEAMSVILLE, ON | 0.063% |
| 103: | KINGSVILLE, ON | 0.063% |
| 104: | HANMER, ON | 0.063% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 27.6% | |
| First-time Buyer: | 24.1% | |
| Qualification: | 13.8% | |
| No Money Down: | 6.9% | |
| Pre-approval: | 6.9% | |
| Purchase: | 6.9% | |
| Fixed Rate: | 3.4% | |
| Recreational: | 3.4% | |
| Refinance: | 3.4% | |
| Variable Rate: | 3.4% | |
| Total Application Types Found: 10 | ||
Average age: 44
Oldest age: 76
Youngest age: 22
The amounts shown below represent the average income of people living in Caledon who have applied for a home loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Caledon: | $92,140.43 |
| applicants within all of Canada: | $58,592.40 |
| Difference: | $33,548.03 |
| mortgage co-applicants in Caledon: | $39,533.33 |
| co-applicants within all of Canada: | $41,278.89 |
| Difference: | ($1,745.56) |
Since the average income of Caledon is substantially higher than the Canadian national average, we have included the MEDIAN annual gross income for this location. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.
| Median annual gross income for | |
|---|---|
| mortgage applicants in Caledon: | $56,000.00 |
| applicants within all of Canada: | $58,592.40 |
| Difference: | ($2,592.40) |
The chart and pie-graph below depicts the residential status of people living in Caledon who have applied for a mortgage loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 27.6% | |
| Own: | 65.5% | |
| Live with parents: | 6.9% |
The following pie chart represents the marital status of applicants from Caledon, Ontario using the preapproval application found at canequity.com. In Caledon, over 62% of the mortgage applicants are living with someone, while only 37% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 51.7% | |
| Single: | 20.7% | |
| Divorced: | 13.8% | |
| Common-law: | 10.3% | |
| Separated: | 3.4% |
