Last report update for Grimsby: Tuesday, May 6, 2008
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Related Links:
Beamsville
Binbrook
Caistor Centre
Dunnville
Fenwick
Hagersville
Hamilton
Selkirk
Smithville
Vineland

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Grimsby Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Online Applications from Grimsby

Year Year to Year
Comparison
** National
Contribution
2008: * 6.45% * 0.01%
2007: 12.90% 0.01%
2006: 19.36% 0.02%
2005: 25.81% 0.03%
2004: 6.45% 0.01%
2003: 22.58% 0.02%
2002: 6.45% 0.01%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 16.13% and 0.02% respectively. ** Total national contribution of Grimsby mortgages in the past is currently 0.10% with a projected target of 0.11%.

Busy Days for Mortgages Originating within Grimsby

The graph listed below illustrates the busy days for mortgage 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 Grimsby the most busy day of the week, with 22.58% of all inquiries, is Monday. In comparison, Sunday's are the slowest day with only 6.45% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 22.6%
2: Thursday: 22.6%
3: Friday: 19.4%
4: Tuesday: 16.1%
5: Wednesday: 6.5%
6: Saturday: 6.5%
7: Sunday: 6.5%
Busy Days Report for Grimsby Mortgages

Peak Hours for Applicants within Grimsby

In Grimsby, inquiries are received 24 hours a day via our web site. The statistics shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years.


Time Period
(24 Hour)
Percentage
of Inquiries
07:00 to 07:59: 3.2%
08:00 to 08:59: 9.7%
09:00 to 09:59: 6.5%
10:00 to 10:59: 3.2%
11:00 to 11:59: 12.9%
12:00 to 12:59: 3.2%
13:00 to 13:59: 16.1%
14:00 to 14:59: 12.9%
15:00 to 15:59: 6.5%
16:00 to 16:59: 3.2%
17:00 to 17:59: 9.7%
19:00 to 19:59: 6.5%
20:00 to 20:59: 6.5%
Peak Hours Graph for Mortgages in Grimsby

Note: Only hours that have had mortgages from Grimsby, Ontario are shown.

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
British Columbia: 11.49%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.12%
Nova Scotia: 2.77%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario 48.62%
Prince Edward Island: 0.36%
Quebec: 3.80%
Saskatchewan: 5.60%
Yukon Territories: 0.21%
Grimsby Mortgages

Current City Standing within Ontario


Location Contribution
068:  OWEN SOUND, ON 0.113%
069:  LASALLE, ON 0.113%
070:  COURTICE, ON 0.113%
071:  PETAWAWA, ON 0.113%
072:  PORT HOPE, ON 0.110%
073:  GRIMSBY, ON 0.103%
074:  SMITHS FALLS, ON 0.100%
075:  ALLISTON, ON 0.100%
076:  AMHERSTBURG, ON 0.096%
077:  TILLSONBURG, ON 0.096%
078:  BROOKLIN, ON 0.093%

Nearest Settlements


1Dunnville, Ontario
2Smithville, Ontario
3Beamsville, Ontario
4Vineland, Ontario
5Hagersville, Ontario
6Binbrook, Ontario
7Caistor Centre, Ontario
8Hamilton, Ontario
9Selkirk, Ontario
10Fenwick, Ontario
11Wellandport, Ontario
12Stoney Creek, Ontario
13Lowbanks, Ontario
14Cayuga, Ontario
15Welland, Ontario
16Port Colborne, Ontario
17Ancaster, Ontario
18Burlington, Ontario
19Fonthill, Ontario
20Dundas, Ontario
21Caledonia, Ontario
22Crystal Beach, Ontario
23Niagara Falls, Ontario
24Mount Hope, Ontario


Product Popularity for Grimsby


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 19.4%
Renewal: 16.1%
Purchase: 16.1%
Qualification: 9.7%
First-time Buyer: 9.7%
No Money Down: 6.5%
Pre-approval: 6.5%
Investment: 6.5%
Fixed Rate: 3.2%
Low Doc: 3.2%
Variable Rate: 3.2%
 
Total Application Types Found: 11
 Grimsby Mortgage Product Popularity Pie Chart

Age Demographics for Grimsby Mortgage Applicants

Average age: 39
Oldest age: 60
Youngest age: 19


Incomes for Grimsby Mortgage Applicants

The amounts below are the average income of Canadians living in Grimsby 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 Grimsby: $94,964.48
applicants within all of Canada: $56,347.50
Difference: $38,616.99
  
mortgage co-applicants in Grimsby: $37,000.00
co-applicants within all of Canada: $39,330.70
Difference: ($2,330.70)

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loans from Grimsby, Ontario were used.

Residential Status for Grimsby Applicants

The information below represents the residential status of people living in Grimsby who have applied for a mortgage loan using CanEquity's preapproval application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 22.6%
Own: 61.3%
Other: 3.2%
No Comment: 6.5%
Live with parents: 6.5%
Grimsby Residential Status Pie Chart

Marital Statistics for Grimsby Applicants

The pie chart below represents the marital status of applicants from Grimsby, Ontario using the mortgage application found at canequity.com. In Grimsby, 67% of the mortgage applicants are living together with someone, while only 32% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 51.6%
Single: 19.4%
Common-law: 16.1%
Separated: 12.9%
Grimsby Marital Status Pie Chart