Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| 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% |
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% |
| 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 | |
|---|---|---|
| 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% |
| 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 | ||
Average age: 36
Oldest age: 55
Youngest age: 21
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) |
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% |
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% |
