Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 28.13% | 0.02% |
| 2010: | 6.25% | 0.00% |
| 2009: | 12.50% | 0.01% |
| 2008: | 9.38% | 0.01% |
| 2007: | 12.50% | 0.01% |
| 2006: | 9.38% | 0.01% |
| 2005: | 3.13% | 0.00% |
| 2004: | 6.25% | 0.00% |
| 2003: | 9.38% | 0.01% |
| 2002: | 3.13% | 0.00% |
The information listed below compares the busy days for online mortgage applications that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Elliot Lake, the day with the most volume, generating 18.75% of all inquiries, is Monday. In comparison, Sunday's are the slowest day with only 9.38% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.8% | |
| 2: | Wednesday: | 18.8% | |
| 3: | Saturday: | 15.6% | |
| 4: | Tuesday: | 12.5% | |
| 5: | Friday: | 12.5% | |
| 6: | Thursday: | 12.5% | |
| 7: | Sunday: | 9.4% |
In Elliot Lake, mortgage applications are received 24 hours a day via the CanEquity web site. The information shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 07:00 to 07:59: | 6.3% |
| 08:00 to 08:59: | 12.5% |
| 09:00 to 09:59: | 9.4% |
| 10:00 to 10:59: | 15.6% |
| 11:00 to 11:59: | 6.3% |
| 12:00 to 12:59: | 3.1% |
| 13:00 to 13:59: | 3.1% |
| 14:00 to 14:59: | 9.4% |
| 15:00 to 15:59: | 6.3% |
| 17:00 to 17:59: | 6.3% |
| 19:00 to 19:59: | 9.4% |
| 21:00 to 21:59: | 6.3% |
| 23:00 to 23:59: | 6.3% |
| 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 | |
|---|---|---|
| 108: | WALLACEBURG, ON | 0.062% |
| 109: | CARLETON PLACE, ON | 0.062% |
| 110: | KEMPTVILLE, ON | 0.060% |
| 111: | BEAMSVILLE, ON | 0.060% |
| 112: | CALEDON, ON | 0.060% |
| 113: | ELLIOT LAKE, ON | 0.060% |
| 114: | BANCROFT, ON | 0.060% |
| 115: | GODERICH, ON | 0.059% |
| 116: | BELLE RIVER, ON | 0.059% |
| 117: | PERTH, ON | 0.057% |
| 118: | UXBRIDGE, ON | 0.057% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 34.4% | |
| Purchase: | 15.6% | |
| Qualification: | 12.5% | |
| Renewal: | 9.4% | |
| No Money Down: | 9.4% | |
| Refinance: | 6.3% | |
| Pre-approval: | 6.3% | |
| Variable Rate: | 6.3% | |
| Total Application Types Found: 8 | ||
Average age: 39
Oldest age: 70
Youngest age: 19
The following depicts the average income of Canadians living in Elliot Lake who have applied for a loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Elliot Lake: | $59,128.46 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($370.00) |
| mortgage co-applicants in Elliot Lake: | $46,016.10 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $3,612.97 |
The following depicts the residential status of people living in Elliot Lake who have applied for a mortgage loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 59.4% | |
| Own: | 34.4% | |
| No Comment: | 3.1% | |
| Live with parents: | 3.1% |
The following table and pie chart represents the marital status of applicants from Elliot Lake, Ontario using the mortgage application located at canequity.com. In Elliot Lake, approximately 78% of the mortgage applicants are living together with someone, while only 18% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 59.4% | |
| Common-law: | 18.8% | |
| Single: | 15.6% | |
| Widowed: | 3.1% | |
| Separated: | 3.1% |
