Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 12.20% | 0.01% |
| 2010: | 12.20% | 0.01% |
| 2009: | 17.07% | 0.01% |
| 2008: | 12.20% | 0.01% |
| 2007: | 7.32% | 0.01% |
| 2006: | 17.07% | 0.01% |
| 2005: | 12.20% | 0.01% |
| 2004: | 4.88% | 0.00% |
| 2003: | 4.88% | 0.00% |
The graph below displays the busy days for mortgage inquiries that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Caledonia the busiest day, with approximately 21.95% of all inquiries, is Thursday. In comparison, Sunday's are the slowest day with only 9.76% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 21.9% | |
| 2: | Friday: | 17.1% | |
| 3: | Monday: | 14.6% | |
| 4: | Tuesday: | 14.6% | |
| 5: | Saturday: | 12.2% | |
| 6: | Wednesday: | 9.8% | |
| 7: | Sunday: | 9.8% |
In Caledonia, applications are received 24 hours a day via the CanEquity web site. The information shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 41.5% of all mortgages are received before noon, while 58.5% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 05:00 to 05:59: | 4.9% |
| 06:00 to 06:59: | 2.4% |
| 07:00 to 07:59: | 7.3% |
| 08:00 to 08:59: | 7.3% |
| 09:00 to 09:59: | 7.3% |
| 10:00 to 10:59: | 4.9% |
| 11:00 to 11:59: | 7.3% |
| 12:00 to 12:59: | 2.4% |
| 13:00 to 13:59: | 4.9% |
| 14:00 to 14:59: | 9.8% |
| 15:00 to 15:59: | 4.9% |
| 16:00 to 16:59: | 4.9% |
| 17:00 to 17:59: | 7.3% |
| 18:00 to 18:59: | 4.9% |
| 19:00 to 19:59: | 4.9% |
| 20:00 to 20:59: | 12.2% |
| 22:00 to 22:59: | 2.4% |
| 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 | |
|---|---|---|
| 082: | MIDLAND, ON | 0.085% |
| 083: | STOUFFVILLE, ON | 0.085% |
| 084: | ACTON, ON | 0.083% |
| 085: | WATERDOWN, ON | 0.081% |
| 086: | BRACEBRIDGE, ON | 0.079% |
| 087: | CALEDONIA, ON | 0.077% |
| 088: | LEAMINGTON, ON | 0.077% |
| 089: | BROOKLIN, ON | 0.076% |
| 090: | PORT COLBORNE, ON | 0.076% |
| 091: | PARIS, ON | 0.076% |
| 092: | NAPANEE, ON | 0.074% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 24.4% | |
| No Money Down: | 17.1% | |
| Qualification: | 14.6% | |
| First-time Buyer: | 12.2% | |
| Purchase: | 9.8% | |
| Low Doc: | 4.9% | |
| Commercial: | 4.9% | |
| Renewal: | 4.9% | |
| Pre-approval: | 2.4% | |
| Investment: | 2.4% | |
| HELOC: | 2.4% | |
| Total Application Types Found: 11 | ||
Average age: 37
Oldest age: 58
Youngest age: 21
The figures below represent the average income of Canadians living in Caledonia who have submitted an inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Caledonia: | $61,138.41 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $1,639.94 |
| mortgage co-applicants in Caledonia: | $49,176.47 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $6,773.34 |
The following table represents the residential status of people living in Caledonia who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 17.1% | |
| Own: | 65.9% | |
| Other: | 2.4% | |
| No Comment: | 2.4% | |
| Live with parents: | 12.2% |
The following pie chart represents the marital status of applicants from Caledonia, Ontario using the mortgage preapproval application found on canequity.com. Approximately 68% of the mortgage applicants are living together with someone, while only 31% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 56.1% | |
| Single: | 22.0% | |
| Common-law: | 12.2% | |
| Separated: | 9.8% |
