Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Hamilton: Wednesday, September 8, 2010   
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Hamilton Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages from Hamilton

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%

Note: * These values are the percentages up to Wednesday, September 8, 2010. Estimated volume targets for the entire 2010 year are 16.16% and 0.24% respectively. ** Total national contribution of Hamilton mortgages in the past is currently 1.51% with a projected target of 1.57%.

Monthly Volume History for Applications from Hamilton

The graph below illustrates CanEquity's individual monthly volume history for Internet mortgage pre-approval applications received from Hamilton, ON.


Monthly Volume Report for Hamilton Mortgages

Busy Months for Mortgage Applications within Hamilton

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%.

RankMonth 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%
Busy Months Report for Hamilton Mortgages

Busy Days for Mortgages Received within Hamilton

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%
Busy Days Report for Hamilton Mortgages

Peak Hours for Applicants within Hamilton

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%
Peak Hours Graph for Mortgages in Hamilton

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

Ontario Mortgage Originations Compared to all other Provinces


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%
Hamilton Mortgages

Current City Standing within Ontario


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%

Nearest Settlements


1Hannon, Ontario
2Ancaster, Ontario
3Burlington, Ontario
4Stoney Creek, Ontario
5Caledonia, Ontario
6Dundas, Ontario
7Freelton, Ontario
8Copetown, Ontario
9Mount Hope, Ontario
10Lynden, Ontario
11Waterdown, Ontario
12Ohsweken, Ontario
13Cayuga, Ontario
14St George Brant, Ontario
15Carlisle, Ontario
16Beamsville, Ontario
17Binbrook, Ontario
18St George, Ontario
19Millgrove, Ontario
20Brantford, Ontario
21Milton, Ontario
22Waterford, Ontario
23Burford, Ontario
24Kilbride, Ontario
25Puslinch, Ontario
26Princeton, Ontario
27Troy, Ontario
28Grimsby, Ontario
29Cambridge, Ontario
30Oakville, Ontario
31Hagersville, Ontario
32Guelph, Ontario
33Windham Centre, Ontario
34St Anns, Ontario
35Ayr, Ontario
36Smithville, Ontario
37Simcoe, Ontario
38Mount Elgin, Ontario
39Mississauga, Ontario
40Paris, Ontario
41Delhi, Ontario
42Selkirk, Ontario
43Campbellville, Ontario
44Dunnville, Ontario
45Scotland, Ontario
46Jarvis, Ontario
47Port Rowan, Ontario
48Port Dover, Ontario


Product Popularity for Hamilton


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
 Hamilton Mortgage Product Popularity Pie Chart

Age Demographics for Hamilton Mortgage Applicants

Average age: 37
Oldest age: 86
Youngest age: 19


Incomes for Hamilton Mortgage Applicants

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)

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

Residential Status for Hamilton Mortgage Applicants

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%
Hamilton Residential Status Pie Chart

Marital Status for Hamilton Mortgage Applicants

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%
Hamilton Marital Status Pie Chart