Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 7.95% | 0.02% |
| 2010: | 14.57% | 0.04% |
| 2009: | 16.56% | 0.05% |
| 2008: | 10.60% | 0.03% |
| 2007: | 13.91% | 0.04% |
| 2006: | 8.61% | 0.03% |
| 2005: | 8.61% | 0.03% |
| 2004: | 8.61% | 0.03% |
| 2003: | 8.61% | 0.03% |
| 2002: | 1.99% | 0.01% |
The following bar graph shows the individual monthly volume history for Internet mortgage pre-approval applications submitted from Cornwall, ON.
The graph below shows the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Cornwall occur during our second quarter (represented by the green bars) with 28.48% while our slowest is the fourth quarter (represented by the red bars) with 18.54%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 12.6% | |
| 2: | July: | 11.9% | |
| 3: | March: | 9.9% | |
| 4: | June: | 9.9% | |
| 5: | August: | 9.3% | |
| 6: | January: | 8.0% | |
| 7: | February: | 8.0% | |
| 8: | October: | 8.0% | |
| 9: | November: | 7.3% | |
| 10: | May: | 6.0% | |
| 11: | September: | 6.0% | |
| 12: | December: | 3.3% |
The graph listed below displays the busy days for online applications that were received by CanEquity's web site. Each day is a representation of the combined 6-year total of all instances of that day. In Cornwall, the day with the most volume, generating 28.48% of all inquiries, is Monday. In comparison, Sunday's are the slowest day with only 7.95% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 28.5% | |
| 2: | Tuesday: | 18.5% | |
| 3: | Wednesday: | 14.6% | |
| 4: | Thursday: | 13.3% | |
| 5: | Friday: | 9.3% | |
| 6: | Saturday: | 8.0% | |
| 7: | Sunday: | 8.0% |
Inquiries are received 24 hours a day from the CanEquity web site. The following represents the peak hours within a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 03:00 to 03:59: | 0.7% |
| 04:00 to 04:59: | 1.3% |
| 05:00 to 05:59: | 1.3% |
| 06:00 to 06:59: | 1.3% |
| 07:00 to 07:59: | 3.3% |
| 08:00 to 08:59: | 7.3% |
| 09:00 to 09:59: | 6.6% |
| 10:00 to 10:59: | 11.9% |
| 11:00 to 11:59: | 8.6% |
| 12:00 to 12:59: | 8.6% |
| 13:00 to 13:59: | 6.6% |
| 14:00 to 14:59: | 5.3% |
| 15:00 to 15:59: | 4.6% |
| 16:00 to 16:59: | 4.0% |
| 17:00 to 17:59: | 4.6% |
| 18:00 to 18:59: | 6.0% |
| 19:00 to 19:59: | 7.9% |
| 20:00 to 20:59: | 4.6% |
| 21:00 to 21:59: | 3.3% |
| 22:00 to 22:59: | 1.3% |
| 23:00 to 23:59: | 0.7% |
| 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 | |
|---|---|---|
| 029: | SUDBURY, ON | 0.381% |
| 030: | NIAGARA FALLS, ON | 0.334% |
| 031: | PICKERING, ON | 0.330% |
| 032: | NEPEAN, ON | 0.321% |
| 033: | NEWMARKET, ON | 0.302% |
| 034: | CORNWALL, ON | 0.285% |
| 035: | ORLEANS, ON | 0.276% |
| 036: | MILTON, ON | 0.266% |
| 037: | TIMMINS, ON | 0.264% |
| 038: | KANATA, ON | 0.262% |
| 039: | SARNIA, ON | 0.260% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| No Money Down: | 23.2% | |
| First-time Buyer: | 20.5% | |
| Qualification: | 17.2% | |
| Refinance: | 14.6% | |
| Purchase: | 13.2% | |
| Renewal: | 5.3% | |
| Commercial: | 2.0% | |
| Pre-approval: | 1.3% | |
| Investment: | 1.3% | |
| Other: | 1.4% | |
| Total Application Types Found: 11 | ||
Average age: 36
Oldest age: 78
Youngest age: 19
The figures below represent the average income of Canadians living in Cornwall who have applied for a home loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cornwall: | $44,785.66 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($14,712.81) |
| mortgage co-applicants in Cornwall: | $25,318.29 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($17,084.84) |
The pie chart below shows the residential status of people living in Cornwall who have submitted a mortgage inquiry using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 55.6% | |
| Own: | 35.1% | |
| Other: | 3.3% | |
| No Comment: | 1.3% | |
| Live with parents: | 4.6% |
The information below shows the marital status of applicants from Cornwall, Ontario using the mortgage application found at canequity.com. 70% of the mortgage applicants are living together with someone, while only 27% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 47.0% | |
| Common-law: | 23.8% | |
| Single: | 23.8% | |
| Divorced: | 2.0% | |
| Separated: | 2.0% | |
| Widowed: | 1.3% |
