Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | 15.00% | 0.01% |
| 2009: | 20.00% | 0.01% |
| 2008: | 10.00% | 0.00% |
| 2007: | 25.00% | 0.01% |
| 2006: | 25.00% | 0.01% |
| 2005: | 5.00% | 0.00% |
Applications are received 24 hours a day via our web site. The statistics shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 25.0% of all mortgages are received before noon, while 75.0% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 07:00 to 07:59: | 5.0% |
| 09:00 to 09:59: | 5.0% |
| 10:00 to 10:59: | 15.0% |
| 12:00 to 12:59: | 15.0% |
| 13:00 to 13:59: | 30.0% |
| 14:00 to 14:59: | 5.0% |
| 15:00 to 15:59: | 10.0% |
| 16:00 to 16:59: | 5.0% |
| 17:00 to 17:59: | 5.0% |
| 19:00 to 19:59: | 5.0% |
| 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 | |
|---|---|---|
| 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% |
| 162: | GARSON, ON | 0.036% |
| 163: | FENELON FALLS, ON | 0.036% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 40.0% | |
| Renewal: | 20.0% | |
| Purchase: | 20.0% | |
| Qualification: | 10.0% | |
| Refinance: | 5.0% | |
| Investment: | 5.0% | |
| Total Application Types Found: 6 | ||
Average age: 37
Oldest age: 64
Youngest age: 25
The following depicts the average income of people living in Fort Frances who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Fort Frances: | $53,000.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($6,498.47) |
| mortgage co-applicants in Fort Frances: | $48,642.86 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $6,239.73 |
The table and pie chart below represents the residential status of people living in Fort Frances who have submitted a mortgage inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 40.0% | |
| Own: | 50.0% | |
| Live with parents: | 10.0% |
The pie chart below represents the marital status of applicants from Fort Frances, Ontario using the preapproval application located at canequity.com. Approximately 85% of the mortgage applicants are either married or living common-law, while only 15% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 65.0% | |
| Common-law: | 20.0% | |
| Single: | 10.0% | |
| Separated: | 5.0% |
