Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 11.36% | * 0.03% |
| 2009: | 18.94% | 0.06% |
| 2008: | 12.12% | 0.04% |
| 2007: | 15.91% | 0.05% |
| 2006: | 9.85% | 0.03% |
| 2005: | 9.85% | 0.03% |
| 2004: | 9.85% | 0.03% |
| 2003: | 9.85% | 0.03% |
| 2002: | 2.27% | 0.01% |
The graph below represents the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Cornwall happen to occur during our second quarter (represented by the green bars) with 29.55% while our slowest is the fourth quarter (represented by the red bars) with 17.42%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 12.1% | |
| 2: | July: | 11.4% | |
| 3: | March: | 11.4% | |
| 4: | June: | 10.6% | |
| 5: | January: | 9.1% | |
| 6: | February: | 7.6% | |
| 7: | October: | 7.6% | |
| 8: | November: | 6.8% | |
| 9: | May: | 6.8% | |
| 10: | August: | 6.8% | |
| 11: | September: | 6.8% | |
| 12: | December: | 3.0% |
The data below displays the busy days for mortgage inquiries that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Cornwall the busiest day of the week, with 28.03% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 6.82% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 28.0% | |
| 2: | Tuesday: | 18.9% | |
| 3: | Wednesday: | 15.2% | |
| 4: | Thursday: | 12.9% | |
| 5: | Friday: | 9.8% | |
| 6: | Sunday: | 8.3% | |
| 7: | Saturday: | 6.8% |
In Cornwall, applications are received 24 hours a day via our web site. The report shown below represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 40.9% of all mortgages are received during the morning, while 59.1% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 03:00 to 03:59: | 0.8% |
| 04:00 to 04:59: | 1.5% |
| 05:00 to 05:59: | 1.5% |
| 06:00 to 06:59: | 1.5% |
| 07:00 to 07:59: | 3.0% |
| 08:00 to 08:59: | 5.3% |
| 09:00 to 09:59: | 6.1% |
| 10:00 to 10:59: | 12.9% |
| 11:00 to 11:59: | 8.3% |
| 12:00 to 12:59: | 7.6% |
| 13:00 to 13:59: | 7.6% |
| 14:00 to 14:59: | 5.3% |
| 15:00 to 15:59: | 4.5% |
| 16:00 to 16:59: | 3.8% |
| 17:00 to 17:59: | 4.5% |
| 18:00 to 18:59: | 6.1% |
| 19:00 to 19:59: | 9.1% |
| 20:00 to 20:59: | 5.3% |
| 21:00 to 21:59: | 3.8% |
| 22:00 to 22:59: | 0.8% |
| 23:00 to 23:59: | 0.8% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.19% |
| British Columbia: | 10.81% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.16% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.98% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.66% |
| Prince Edward Island: | 0.46% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.04% |
| Yukon Territories: | 0.28% |
| Location | Contribution | |
|---|---|---|
| 029: | SUDBURY, ON | 0.363% |
| 030: | PICKERING, ON | 0.354% |
| 031: | NIAGARA FALLS, ON | 0.341% |
| 032: | NEWMARKET, ON | 0.310% |
| 033: | NEPEAN, ON | 0.307% |
| 034: | CORNWALL, ON | 0.294% |
| 035: | KANATA, ON | 0.281% |
| 036: | SARNIA, ON | 0.272% |
| 037: | ORLEANS, ON | 0.269% |
| 038: | THORNHILL, ON | 0.267% |
| 039: | MILTON, ON | 0.258% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| No Money Down: | 25.0% | |
| First-time Buyer: | 19.7% | |
| Qualification: | 16.7% | |
| Refinance: | 16.7% | |
| Purchase: | 9.8% | |
| Renewal: | 6.1% | |
| Pre-approval: | 1.5% | |
| Commercial: | 1.5% | |
| Investment: | 1.5% | |
| Other: | 1.6% | |
| Total Application Types Found: 11 | ||
Average age: 36
Oldest age: 73
Youngest age: 19
The information below represents the average income of applicants living in Cornwall who have applied for a home loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cornwall: | $45,124.21 |
| applicants within all of Canada: | $58,901.05 |
| Difference: | ($13,776.84) |
| mortgage co-applicants in Cornwall: | $25,074.24 |
| co-applicants within all of Canada: | $41,545.22 |
| Difference: | ($16,470.98) |
The table and pie chart below represents the residential status of people living in Cornwall who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 57.6% | |
| Own: | 34.8% | |
| Other: | 3.0% | |
| No Comment: | 1.5% | |
| Live with parents: | 3.0% |
The pie chart below represents the marital status of applicants from Cornwall, Ontario using the mortgage application found on the CanEquity Mortgage web site. In Cornwall, approximately 71% of the mortgage applicants are living common-law or married, while only 26% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.8% | |
| Single: | 23.5% | |
| Common-law: | 21.2% | |
| Divorced: | 1.5% | |
| Widowed: | 1.5% | |
| Separated: | 1.5% |
