Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.52% | 0.00% |
| 2010: | 19.05% | 0.01% |
| 2009: | 23.81% | 0.01% |
| 2007: | 4.76% | 0.00% |
| 2006: | 4.76% | 0.00% |
| 2005: | 9.52% | 0.00% |
| 2004: | 9.52% | 0.00% |
| 2003: | 14.29% | 0.01% |
| 2002: | 4.76% | 0.00% |
Essex mortgage applications are received 24 hours a day from the CanEquity web site. The following indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 38.1% of all mortgages are received during the morning, while 61.9% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 07:00 to 07:59: | 4.8% |
| 08:00 to 08:59: | 19.0% |
| 09:00 to 09:59: | 9.5% |
| 10:00 to 10:59: | 4.8% |
| 12:00 to 12:59: | 4.8% |
| 13:00 to 13:59: | 4.8% |
| 14:00 to 14:59: | 4.8% |
| 16:00 to 16:59: | 9.5% |
| 17:00 to 17:59: | 14.3% |
| 18:00 to 18:59: | 14.3% |
| 19:00 to 19:59: | 9.5% |
| 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 | |
|---|---|---|
| 151: | WALKERTON, ON | 0.042% |
| 152: | NIAGARA ON THE LAKE, ON | 0.042% |
| 153: | ALMONTE, ON | 0.042% |
| 154: | SHELBURNE, ON | 0.042% |
| 155: | PENETANGUISHENE, ON | 0.040% |
| 156: | ESSEX, ON | 0.040% |
| 157: | WAWA, ON | 0.038% |
| 158: | FORT FRANCES, ON | 0.038% |
| 159: | CORUNNA, ON | 0.038% |
| 160: | MOUNT ALBERT, ON | 0.036% |
| 161: | SIOUX LOOKOUT, ON | 0.036% |
| 1 | Tecumseh, Ontario |
| 2 | Maidstone, Ontario |
| 3 | Lasalle, Ontario |
| 4 | Kingsville, Ontario |
| 5 | Windsor, Ontario |
| 6 | Mcgregor, Ontario |
| 7 | South Woodslee, Ontario |
| 8 | Emeryville, Ontario |
| 9 | Amherstburg, Ontario |
| 10 | Leamington, Ontario |
| 11 | Ruthven, Ontario |
| 12 | Harrow, Ontario |
| 13 | Cottam, Ontario |
| 14 | Belle River, Ontario |
| 15 | Comber, Ontario |
| 16 | Tilbury, Ontario |
| 17 | Wheatley, Ontario |
| 18 | Merlin, Ontario |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| No Money Down: | 23.8% | |
| Qualification: | 19.0% | |
| Renewal: | 14.3% | |
| First-time Buyer: | 14.3% | |
| Refinance: | 9.5% | |
| Equity Mortgage: | 9.5% | |
| Purchase: | 9.5% | |
| Total Application Types Found: 7 | ||
Average age: 35
Oldest age: 62
Youngest age: 21
The amounts shown below represent the average income of people living in Essex 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 Essex: | $45,848.60 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($13,649.87) |
| mortgage co-applicants in Essex: | $36,669.38 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($5,733.76) |
The following table represents the residential status of people living in Essex 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: | 47.6% | |
| Own: | 38.1% | |
| Other: | 4.8% | |
| No Comment: | 4.8% | |
| Live with parents: | 4.8% |
The following information represents the marital status of applicants from Essex, Ontario using the mortgage application found on the CanEquity Mortgage web site. 47% of the mortgage applicants are either married or living common-law, while only 52% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 42.9% | |
| Married: | 33.3% | |
| Common-law: | 14.3% | |
| Divorced: | 4.8% | |
| Separated: | 4.8% |
