Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 18.56% | 0.13% |
| 2010: | 16.07% | 0.11% |
| 2009: | 12.47% | 0.09% |
| 2008: | 11.63% | 0.08% |
| 2007: | 8.86% | 0.06% |
| 2006: | 6.37% | 0.04% |
| 2005: | 8.03% | 0.06% |
| 2004: | 9.97% | 0.07% |
| 2003: | 6.65% | 0.04% |
| 2002: | 1.39% | 0.01% |
The following depicts the individual monthly volume history for Internet mortgage pre-approval applications sent from Guelph, ON.
The 6-year bar graph below shows the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Guelph occur during our first quarter (represented by the brown bars) with 32.13% while our slowest is the third quarter (represented by the blue bars) with 19.39%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 12.2% | |
| 2: | May: | 11.4% | |
| 3: | February: | 10.0% | |
| 4: | March: | 10.0% | |
| 5: | April: | 9.1% | |
| 6: | October: | 8.3% | |
| 7: | June: | 8.0% | |
| 8: | August: | 6.9% | |
| 9: | November: | 6.7% | |
| 10: | July: | 6.4% | |
| 11: | September: | 6.1% | |
| 12: | December: | 5.0% |
The information below illustrates the busy days for online applications that were received by CanEquity. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Guelph the busiest day, with 17.45% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 11.91% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 17.4% | |
| 2: | Tuesday: | 15.0% | |
| 3: | Friday: | 14.7% | |
| 4: | Wednesday: | 14.7% | |
| 5: | Thursday: | 14.1% | |
| 6: | Sunday: | 12.2% | |
| 7: | Saturday: | 11.9% |
In Guelph, applications are received 24 hours a day from the CanEquity web site. The following represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 33.5% of all mortgages are received before noon, while 64.3% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.1% |
| 01:00 to 01:59: | 0.8% |
| 02:00 to 02:59: | 0.3% |
| 03:00 to 03:59: | 0.3% |
| 04:00 to 04:59: | 0.6% |
| 05:00 to 05:59: | 2.2% |
| 06:00 to 06:59: | 2.5% |
| 07:00 to 07:59: | 2.5% |
| 08:00 to 08:59: | 6.4% |
| 09:00 to 09:59: | 5.8% |
| 10:00 to 10:59: | 5.5% |
| 11:00 to 11:59: | 7.8% |
| 12:00 to 12:59: | 7.5% |
| 13:00 to 13:59: | 6.4% |
| 14:00 to 14:59: | 7.2% |
| 15:00 to 15:59: | 7.2% |
| 16:00 to 16:59: | 6.4% |
| 17:00 to 17:59: | 3.9% |
| 18:00 to 18:59: | 6.6% |
| 19:00 to 19:59: | 6.4% |
| 20:00 to 20:59: | 4.7% |
| 21:00 to 21:59: | 4.7% |
| 22:00 to 22:59: | 2.2% |
| 23:00 to 23:59: | 1.1% |
| 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 | |
|---|---|---|
| 007: | KITCHENER, ON | 1.048% |
| 008: | SCARBOROUGH, ON | 0.885% |
| 009: | BARRIE, ON | 0.823% |
| 010: | WINDSOR, ON | 0.804% |
| 011: | BURLINGTON, ON | 0.791% |
| 012: | GUELPH, ON | 0.681% |
| 013: | OAKVILLE, ON | 0.670% |
| 014: | CAMBRIDGE, ON | 0.642% |
| 015: | OSHAWA, ON | 0.627% |
| 016: | ST CATHARINES, ON | 0.540% |
| 017: | ETOBICOKE, ON | 0.529% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 23.3% | |
| First-time Buyer: | 22.4% | |
| Purchase: | 14.4% | |
| Refinance: | 12.2% | |
| No Money Down: | 11.4% | |
| Renewal: | 7.5% | |
| Pre-approval: | 2.5% | |
| Commercial: | 1.7% | |
| Low Doc: | 1.4% | |
| Variable Rate: | 1.4% | |
| Other: | 2% | |
| Total Application Types Found: 14 | ||
Average age: 36
Oldest age: 70
Youngest age: 19
The information below represents the average income of applicants living in Guelph who have applied for a loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Guelph: | $57,029.07 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($2,469.39) |
| mortgage co-applicants in Guelph: | $40,595.06 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($1,808.08) |
The following table represents the residential status of people living in Guelph who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 54.3% | |
| Own: | 38.0% | |
| Other: | 2.2% | |
| No Comment: | 0.6% | |
| Live with parents: | 5.0% |
The information below shows the marital status of applicants from Guelph, Ontario using the online mortgage application found on the CanEquity Mortgage web site. In Guelph, over 63% of the mortgage applicants are living with someone, while only 36% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 46.5% | |
| Single: | 27.7% | |
| Common-law: | 16.9% | |
| Divorced: | 4.4% | |
| Separated: | 4.2% | |
| Widowed: | 0.3% |
