Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 12.50% | 0.01% |
| 2010: | 8.33% | 0.01% |
| 2009: | 22.92% | 0.02% |
| 2008: | 8.33% | 0.01% |
| 2007: | 8.33% | 0.01% |
| 2006: | 4.17% | 0.00% |
| 2005: | 8.33% | 0.01% |
| 2004: | 2.08% | 0.00% |
| 2003: | 18.75% | 0.02% |
| 2002: | 6.25% | 0.01% |
The bar graph listed below compares the busy days for online inquiries that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In Fergus, the day with the most volume, generating 22.92% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 4.17% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 22.9% | |
| 2: | Friday: | 16.7% | |
| 3: | Wednesday: | 16.7% | |
| 4: | Sunday: | 14.6% | |
| 5: | Monday: | 12.5% | |
| 6: | Thursday: | 12.5% | |
| 7: | Saturday: | 4.2% |
Fergus mortgage applications are received 24 hours a day from the CanEquity web site. The following indicates the peak hours in the day. The data is taken from all days of all years. Only 39.6% of all mortgages are received during the morning, while 60.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 06:00 to 06:59: | 4.2% |
| 07:00 to 07:59: | 6.3% |
| 08:00 to 08:59: | 6.3% |
| 09:00 to 09:59: | 8.3% |
| 10:00 to 10:59: | 2.1% |
| 11:00 to 11:59: | 12.5% |
| 12:00 to 12:59: | 2.1% |
| 13:00 to 13:59: | 8.3% |
| 14:00 to 14:59: | 8.3% |
| 15:00 to 15:59: | 4.2% |
| 16:00 to 16:59: | 4.2% |
| 17:00 to 17:59: | 8.3% |
| 18:00 to 18:59: | 4.2% |
| 19:00 to 19:59: | 4.2% |
| 20:00 to 20:59: | 6.3% |
| 21:00 to 21:59: | 4.2% |
| 22:00 to 22:59: | 4.2% |
| 23:00 to 23:59: | 2.1% |
| 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 | |
|---|---|---|
| 075: | GRIMSBY, ON | 0.098% |
| 076: | PORT HOPE, ON | 0.098% |
| 077: | LASALLE, ON | 0.098% |
| 078: | GLOUCESTER, ON | 0.096% |
| 079: | PEMBROKE, ON | 0.094% |
| 080: | FERGUS, ON | 0.091% |
| 081: | SMITHS FALLS, ON | 0.087% |
| 082: | MIDLAND, ON | 0.085% |
| 083: | STOUFFVILLE, ON | 0.085% |
| 084: | ACTON, ON | 0.083% |
| 085: | WATERDOWN, ON | 0.081% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 25.0% | |
| Qualification: | 16.7% | |
| First-time Buyer: | 14.6% | |
| No Money Down: | 12.5% | |
| Renewal: | 12.5% | |
| Purchase: | 10.4% | |
| Pre-approval: | 4.2% | |
| Commercial: | 2.1% | |
| Variable Rate: | 2.1% | |
| Total Application Types Found: 9 | ||
Average age: 39
Oldest age: 70
Youngest age: 24
The figures below represent the average income of applicants living in Fergus who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Fergus: | $59,188.49 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($309.98) |
| mortgage co-applicants in Fergus: | $34,962.88 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($7,440.25) |
The following table represents the residential status of people living in Fergus who have applied for a mortgage loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 35.4% | |
| Own: | 58.3% | |
| No Comment: | 2.1% | |
| Live with parents: | 4.2% |
The following information represents the marital status of applicants from Fergus, Ontario using the online mortgage application found on canequity.com. In Fergus, 72% of the mortgage applicants are either married or living common-law, while only 27% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 62.5% | |
| Single: | 14.6% | |
| Common-law: | 10.4% | |
| Separated: | 8.3% | |
| Divorced: | 4.2% |
