Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 6.25% | 0.00% |
| 2010: | 12.50% | 0.01% |
| 2009: | 25.00% | 0.01% |
| 2008: | 21.88% | 0.01% |
| 2007: | 15.63% | 0.01% |
| 2004: | 6.25% | 0.00% |
| 2003: | 12.50% | 0.01% |
The information listed below displays the busy days for Internet mortgage applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Caledon the busiest day of the week, with 21.88% of all applications, is Tuesday. In comparison, Thursday's are the slowest day with only 9.38% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 21.9% | |
| 2: | Friday: | 21.9% | |
| 3: | Monday: | 12.5% | |
| 4: | Wednesday: | 12.5% | |
| 5: | Sunday: | 12.5% | |
| 6: | Saturday: | 9.4% | |
| 7: | Thursday: | 9.4% |
Mortgage inquiries are received 24 hours a day on our web site. The graph shown below indicates the peak hours in the day. The data is taken from all days of all years. Only 34.4% of all mortgages are received before noon, while 59.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.1% |
| 02:00 to 02:59: | 3.1% |
| 05:00 to 05:59: | 3.1% |
| 07:00 to 07:59: | 3.1% |
| 08:00 to 08:59: | 9.4% |
| 09:00 to 09:59: | 6.3% |
| 10:00 to 10:59: | 3.1% |
| 11:00 to 11:59: | 9.4% |
| 12:00 to 12:59: | 12.5% |
| 13:00 to 13:59: | 6.3% |
| 14:00 to 14:59: | 6.3% |
| 15:00 to 15:59: | 3.1% |
| 16:00 to 16:59: | 3.1% |
| 17:00 to 17:59: | 3.1% |
| 18:00 to 18:59: | 9.4% |
| 19:00 to 19:59: | 9.4% |
| 20:00 to 20:59: | 3.1% |
| 22:00 to 22:59: | 3.1% |
| 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 | |
|---|---|---|
| 107: | PORT PERRY, ON | 0.062% |
| 108: | WALLACEBURG, ON | 0.062% |
| 109: | CARLETON PLACE, ON | 0.062% |
| 110: | KEMPTVILLE, ON | 0.060% |
| 111: | BEAMSVILLE, ON | 0.060% |
| 112: | CALEDON, ON | 0.060% |
| 113: | ELLIOT LAKE, ON | 0.060% |
| 114: | BANCROFT, ON | 0.060% |
| 115: | GODERICH, ON | 0.059% |
| 116: | BELLE RIVER, ON | 0.059% |
| 117: | PERTH, ON | 0.057% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 28.1% | |
| First-time Buyer: | 21.9% | |
| Qualification: | 15.6% | |
| Purchase: | 9.4% | |
| No Money Down: | 6.3% | |
| Pre-approval: | 6.3% | |
| Fixed Rate: | 3.1% | |
| Recreational: | 3.1% | |
| Refinance: | 3.1% | |
| Variable Rate: | 3.1% | |
| Total Application Types Found: 10 | ||
Average age: 45
Oldest age: 76
Youngest age: 22
The following depicts the average income of people living in Caledon who have applied for a home loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Caledon: | $86,845.77 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $27,347.31 |
| mortgage co-applicants in Caledon: | $42,355.56 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($47.57) |
The following depicts the residential status of people living in Caledon who have applied for a mortgage using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 31.3% | |
| Own: | 62.5% | |
| Live with parents: | 6.3% |
The following information represents the marital status of applicants from Caledon, Ontario using the preapproval application found on canequity.com. In Caledon, 62% of the mortgage applicants are living common-law or married, while only 37% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 46.9% | |
| Single: | 18.8% | |
| Divorced: | 15.6% | |
| Common-law: | 15.6% | |
| Separated: | 3.1% |
