Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Cochrane: Wednesday, February 8, 2012   
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Cochrane Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Originating from Cochrane

Year Year to Year
Comparison
** National
Contribution
2011: 17.39% 0.01%
2010: 30.43% 0.01%
2009: 13.04% 0.01%
2008: 4.35% 0.00%
2007: 13.04% 0.01%
2006: 4.35% 0.00%
2005: 8.70% 0.00%
2004: 4.35% 0.00%
2003: 4.35% 0.00%

Note: ** Total national contribution of Cochrane mortgages in the past is currently 0.04% with a projected target of 0.04%.

Peak Hours for Mortgages within Cochrane

In Cochrane, mortgage applications are received 24 hours a day on our web site. The statistics shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years. Only 39.1% of all mortgages are received during the morning, while 52.2% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 8.7%
06:00 to 06:59: 8.7%
07:00 to 07:59: 17.4%
09:00 to 09:59: 4.3%
11:00 to 11:59: 8.7%
13:00 to 13:59: 8.7%
14:00 to 14:59: 4.3%
15:00 to 15:59: 8.7%
16:00 to 16:59: 4.3%
17:00 to 17:59: 8.7%
20:00 to 20:59: 13.0%
21:00 to 21:59: 4.3%
Peak Hours Graph for Mortgages in Cochrane

Note: Only hours that have had mortgages from Cochrane, Ontario are shown.

Ontario Mortgage Originations Compared to all other Provinces


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%
Cochrane Mortgages

Current City Standing within Ontario


Location Contribution
142:  FRANKFORD, ON 0.045%
143:  LISTOWEL, ON 0.045%
144:  BORDEN, ON 0.045%
145:  ROCKLAND, ON 0.043%
146:  BLENHEIM, ON 0.043%
147:  COCHRANE, ON 0.043%
148:  YORK, ON 0.043%
149:  ESPANOLA, ON 0.043%
150:  ST MARYS, ON 0.042%
151:  WALKERTON, ON 0.042%
152:  NIAGARA ON THE LAKE, ON 0.042%

Product Popularity for Cochrane


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 30.4%
Refinance: 26.1%
First-time Buyer: 26.1%
Renewal: 8.7%
Home Renovation: 4.3%
No Money Down: 4.3%
 
Total Application Types Found: 6
 Cochrane Mortgage Product Popularity Pie Chart

Age Demographics for Cochrane Applicants

Average age: 36
Oldest age: 55
Youngest age: 21


Incomes for Cochrane Applicants

The following figures show the average income of people living in Cochrane who have applied for a mortgage loan using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Cochrane: $55,709.52
applicants within all of Canada: $59,498.47
Difference: ($3,788.94)
  
mortgage co-applicants in Cochrane: $20,857.14
co-applicants within all of Canada: $42,403.13
Difference: ($21,545.99)

Note: Commercial Mortgages were not included for this section, only residential loans were used.

Residential Status for Cochrane Originated Mortgages

The following table represents the residential status of people living in Cochrane 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: 47.8%
Own: 52.2%
Cochrane Residential Status Pie Chart

Marital Stats for Cochrane Originated Mortgages

The information below shows the marital status of applicants from Cochrane, Ontario using the preapproval application found on the CanEquity Mortgage web site. 91% of the mortgage applicants are living common-law or married, while only 8% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 56.5%
Common-law: 34.8%
Divorced: 4.3%
Single: 4.3%
Cochrane Marital Status Pie Chart