Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 20.83% | 0.01% |
| 2010: | 12.50% | 0.01% |
| 2009: | 4.17% | 0.00% |
| 2008: | 4.17% | 0.00% |
| 2007: | 12.50% | 0.01% |
| 2006: | 20.83% | 0.01% |
| 2004: | 8.33% | 0.00% |
| 2003: | 12.50% | 0.01% |
| 2002: | 4.17% | 0.00% |
In Elmira, applications are received 24 hours a day from the CanEquity web site. The information shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 41.7% of all mortgages are received during the morning, while 58.3% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 03:00 to 03:59: | 4.2% |
| 06:00 to 06:59: | 4.2% |
| 07:00 to 07:59: | 4.2% |
| 08:00 to 08:59: | 4.2% |
| 10:00 to 10:59: | 12.5% |
| 11:00 to 11:59: | 12.5% |
| 12:00 to 12:59: | 4.2% |
| 13:00 to 13:59: | 4.2% |
| 15:00 to 15:59: | 8.3% |
| 16:00 to 16:59: | 16.7% |
| 17:00 to 17:59: | 4.2% |
| 18:00 to 18:59: | 4.2% |
| 19:00 to 19:59: | 12.5% |
| 21:00 to 21:59: | 4.2% |
| 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 | |
|---|---|---|
| 136: | ARNPRIOR, ON | 0.047% |
| 137: | KINCARDINE, ON | 0.047% |
| 138: | PORT DOVER, ON | 0.047% |
| 139: | GRAVENHURST, ON | 0.045% |
| 140: | KIRKLAND LAKE, ON | 0.045% |
| 141: | ELMIRA, ON | 0.045% |
| 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% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Purchase: | 29.2% | |
| Qualification: | 20.8% | |
| First-time Buyer: | 20.8% | |
| No Money Down: | 12.5% | |
| Renewal: | 8.3% | |
| Refinance: | 8.3% | |
| Total Application Types Found: 6 | ||
Average age: 37
Oldest age: 63
Youngest age: 23
The following depicts the average income of applicants living in Elmira who have submitted an inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Elmira: | $55,113.64 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($4,384.83) |
| mortgage co-applicants in Elmira: | $28,925.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($13,478.13) |
The chart and pie-graph below depicts the residential status of people living in Elmira who have applied for a home loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 41.7% | |
| Own: | 45.8% | |
| Live with parents: | 12.5% |
The following information represents the marital status of applicants from Elmira, Ontario using the preapproval application found on canequity.com. Approximately 58% of the mortgage applicants are either married or living common-law, while only 41% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.0% | |
| Single: | 37.5% | |
| Common-law: | 8.3% | |
| Separated: | 4.2% |
