Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2012: | * 2.98% | * 0.00% |
| 2011: | 13.43% | 0.02% |
| 2010: | 7.46% | 0.01% |
| 2009: | 16.42% | 0.02% |
| 2008: | 13.43% | 0.02% |
| 2007: | 2.98% | 0.00% |
| 2006: | 8.96% | 0.01% |
| 2005: | 8.96% | 0.01% |
| 2004: | 13.43% | 0.02% |
| 2003: | 2.98% | 0.00% |
| 2002: | 8.96% | 0.01% |
The bar graph below depicts the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Fort Erie usually occur during our third quarter (represented by the blue bars) with 32.84% while our slowest is the second quarter (represented by the green bars) with 17.91%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 13.4% | |
| 2: | September: | 13.4% | |
| 3: | March: | 11.9% | |
| 4: | August: | 10.4% | |
| 5: | June: | 10.4% | |
| 6: | July: | 9.0% | |
| 7: | November: | 7.5% | |
| 8: | October: | 7.5% | |
| 9: | January: | 4.5% | |
| 10: | April: | 4.5% | |
| 11: | December: | 4.5% | |
| 12: | May: | 3.0% |
The information listed below illustrates the busy days for online inquiries that were received by CanEquity's web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Fort Erie the busiest day, with approximately 23.88% of all applications, is Monday. In comparison, Thursday's are the slowest day with only 7.46% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 23.9% | |
| 2: | Tuesday: | 17.9% | |
| 3: | Wednesday: | 17.9% | |
| 4: | Saturday: | 14.9% | |
| 5: | Friday: | 10.4% | |
| 6: | Sunday: | 7.5% | |
| 7: | Thursday: | 7.5% |
Mortgage inquiries are received 24 hours a day on our web site. The following represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 34.3% of all mortgages are received during the morning, while 65.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 06:00 to 06:59: | 6.0% |
| 07:00 to 07:59: | 3.0% |
| 08:00 to 08:59: | 3.0% |
| 09:00 to 09:59: | 6.0% |
| 10:00 to 10:59: | 7.5% |
| 11:00 to 11:59: | 9.0% |
| 12:00 to 12:59: | 6.0% |
| 13:00 to 13:59: | 7.5% |
| 14:00 to 14:59: | 6.0% |
| 15:00 to 15:59: | 9.0% |
| 16:00 to 16:59: | 6.0% |
| 17:00 to 17:59: | 4.5% |
| 18:00 to 18:59: | 6.0% |
| 19:00 to 19:59: | 7.5% |
| 20:00 to 20:59: | 3.0% |
| 21:00 to 21:59: | 7.5% |
| 22:00 to 22:59: | 1.5% |
| 23:00 to 23:59: | 1.5% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.56% |
| Manitoba: | 2.05% |
| New Brunswick: | 2.44% |
| Newfoundland and Labrador: | 1.27% |
| Nova Scotia: | 3.30% |
| Northwest Territories: | 0.42% |
| Nunavut: | 0.10% |
| Ontario: | 47.81% |
| Prince Edward Island: | 0.52% |
| Quebec: | 3.94% |
| Saskatchewan: | 4.91% |
| Yukon Territories: | 0.43% |
| Location | Contribution | |
|---|---|---|
| 060: | SIMCOE, ON | 0.136% |
| 061: | LINDSAY, ON | 0.132% |
| 062: | MAPLE, ON | 0.132% |
| 063: | OWEN SOUND, ON | 0.125% |
| 064: | STRATHROY, ON | 0.123% |
| 065: | FORT ERIE, ON | 0.121% |
| 066: | BRADFORD, ON | 0.120% |
| 067: | PETAWAWA, ON | 0.112% |
| 068: | INNISFIL, ON | 0.109% |
| 069: | GRIMSBY, ON | 0.107% |
| 070: | ANCASTER, ON | 0.105% |
| 1 | Ridgeway, Ontario |
| 2 | Welland, Ontario |
| 3 | Port Colborne, Ontario |
| 4 | Stevensville, Ontario |
| 5 | Niagara On The Lake, Ontario |
| 6 | Fonthill, Ontario |
| 7 | Crystal Beach, Ontario |
| 8 | Thorold, Ontario |
| 9 | Niagara Falls, Ontario |
| 10 | Ridgeville, Ontario |
| 11 | Fenwick, Ontario |
| 12 | Wellandport, Ontario |
| 13 | Lowbanks, Ontario |
| 14 | St Catharines, Ontario |
| 15 | Caistor Centre, Ontario |
| 16 | Vineland, Ontario |
| 17 | St Anns, Ontario |
| 18 | Smithville, Ontario |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 23.9% | |
| No Money Down: | 16.4% | |
| Renewal: | 14.9% | |
| Purchase: | 13.4% | |
| Qualification: | 11.9% | |
| Refinance: | 9.0% | |
| Pre-approval: | 4.5% | |
| Second Mortgage: | 4.5% | |
| Equity Mortgage: | 1.5% | |
| Total Application Types Found: 9 | ||
Average age: 37
Oldest age: 64
Youngest age: 22
The following depicts the average income of applicants living in Fort Erie who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Fort Erie: | $46,148.87 |
| applicants within all of Canada: | $59,709.04 |
| Difference: | ($13,560.17) |
| mortgage co-applicants in Fort Erie: | $38,467.20 |
| co-applicants within all of Canada: | $42,699.57 |
| Difference: | ($4,232.37) |
The following table represents the residential status of people living in Fort Erie who have submitted an inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 44.8% | |
| Own: | 40.3% | |
| Other: | 3.0% | |
| No Comment: | 7.5% | |
| Live with parents: | 4.5% |
The following table and pie chart represents the marital status of applicants from Fort Erie, Ontario using the mortgage application found on canequity.com. Over 65% of the mortgage applicants are living common-law or married, while only 34% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 43.3% | |
| Single: | 23.9% | |
| Common-law: | 22.4% | |
| Separated: | 6.0% | |
| Divorced: | 4.5% |
