Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 12.08% | * 0.18% |
| 2009: | 15.57% | 0.23% |
| 2008: | 11.94% | 0.18% |
| 2007: | 12.96% | 0.20% |
| 2006: | 12.96% | 0.20% |
| 2005: | 10.48% | 0.16% |
| 2004: | 10.92% | 0.17% |
| 2003: | 9.03% | 0.14% |
| 2002: | 4.08% | 0.06% |
The graph below illustrates CanEquity's individual monthly volume history for Internet mortgage pre-approval applications received from Hamilton, ON.
The 6-year bar graph below depicts the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Hamilton happen to occur during our first quarter (represented by the brown bars) with 31.15% while our slowest is the fourth quarter (represented by the red bars) with 17.47%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 12.1% | |
| 2: | June: | 10.2% | |
| 3: | March: | 9.8% | |
| 4: | January: | 9.3% | |
| 5: | May: | 8.3% | |
| 6: | April: | 8.3% | |
| 7: | August: | 8.3% | |
| 8: | September: | 8.3% | |
| 9: | July: | 8.0% | |
| 10: | October: | 6.7% | |
| 11: | November: | 6.4% | |
| 12: | December: | 4.4% |
The information below displays the busy days for mortgage applications that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In Hamilton the busiest day of the week, with 17.76% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 7.57% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 17.8% | |
| 2: | Wednesday: | 16.2% | |
| 3: | Thursday: | 15.9% | |
| 4: | Monday: | 15.3% | |
| 5: | Friday: | 14.1% | |
| 6: | Sunday: | 13.3% | |
| 7: | Saturday: | 7.6% |
In Hamilton, mortgage applications are received 24 hours a day on our web site. The following represents the peak hours within a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.7% |
| 01:00 to 01:59: | 0.7% |
| 03:00 to 03:59: | 0.4% |
| 04:00 to 04:59: | 0.7% |
| 05:00 to 05:59: | 1.6% |
| 06:00 to 06:59: | 3.1% |
| 07:00 to 07:59: | 5.2% |
| 08:00 to 08:59: | 5.7% |
| 09:00 to 09:59: | 5.7% |
| 10:00 to 10:59: | 7.7% |
| 11:00 to 11:59: | 4.9% |
| 12:00 to 12:59: | 8.2% |
| 13:00 to 13:59: | 6.3% |
| 14:00 to 14:59: | 8.3% |
| 15:00 to 15:59: | 4.5% |
| 16:00 to 16:59: | 5.8% |
| 17:00 to 17:59: | 5.5% |
| 18:00 to 18:59: | 6.0% |
| 19:00 to 19:59: | 6.1% |
| 20:00 to 20:59: | 4.9% |
| 21:00 to 21:59: | 4.7% |
| 22:00 to 22:59: | 2.2% |
| 23:00 to 23:59: | 1.0% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.20% |
| British Columbia: | 10.79% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.19% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.60% |
| Prince Edward Island: | 0.47% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.29% |
| Location | Contribution | |
|---|---|---|
| 001: | TORONTO, ON | 4.848% |
| 002: | MISSISSAUGA, ON | 2.586% |
| 003: | OTTAWA, ON | 2.430% |
| 004: | BRAMPTON, ON | 1.568% |
| 005: | LONDON, ON | 1.562% |
| 006: | HAMILTON, ON | 1.507% |
| 007: | KITCHENER, ON | 1.046% |
| 008: | SCARBOROUGH, ON | 0.904% |
| 009: | BARRIE, ON | 0.840% |
| 010: | WINDSOR, ON | 0.825% |
| 011: | BURLINGTON, ON | 0.814% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 22.7% | |
| Refinance: | 20.2% | |
| First-time Buyer: | 19.1% | |
| No Money Down: | 14.1% | |
| Renewal: | 8.6% | |
| Purchase: | 7.0% | |
| Variable Rate: | 1.7% | |
| Low Doc: | 1.3% | |
| Pre-approval: | 1.3% | |
| Second Mortgage: | 1.2% | |
| Other: | 2.6% | |
| Total Application Types Found: 17 | ||
Average age: 37
Oldest age: 86
Youngest age: 19
The numbers below represent the average income of Canadians living in Hamilton who have submitted an inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Hamilton: | $51,971.79 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | ($6,974.09) |
| mortgage co-applicants in Hamilton: | $36,892.09 |
| co-applicants within all of Canada: | $41,522.27 |
| Difference: | ($4,630.18) |
The chart and pie-graph below depicts the residential status of people living in Hamilton who have applied for a mortgage using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 43.4% | |
| Own: | 46.7% | |
| Other: | 1.7% | |
| No Comment: | 2.6% | |
| Live with parents: | 5.5% |
The pie chart below represents the marital status of applicants from Hamilton, Ontario using the mortgage application found on the CanEquity Mortgage web site. In Hamilton, over 60% of the mortgage applicants are either married or living common-law, while only 39% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 45.6% | |
| Single: | 29.8% | |
| Common-law: | 15.1% | |
| Divorced: | 5.4% | |
| Separated: | 3.8% | |
| Widowed: | 0.3% |
