Last report update for Hamilton: Sunday, March 21, 2010
Canada Mortgages
Hamilton Mortgage
Information, Statisitics & Reports
CanEquity Mortgage - Best Mortgage Rates in CanadaMortgage Services and ProductsCompany Profile and TestimonialsMortgage News and Related ArticlesSecure Online Mortgage Pre-Approval ApplicationContact a Mortgage Broker
Canadian Mortgage Statistics


Mortgage Stats
Tell a Friend
Rate calculator

Related Links:
Ancaster
Burlington
Caledonia
Copetown
Dundas
Freelton
Hannon
Lynden
Mount Hope
Stoney Creek


Hamilton Mortgages

Ontario Mortgage Statistics, Graphs and Charts

Map of Hamilton requires Adobe Flash Player 7 or higher.

Yearly Volume Comparison for Applications from Hamilton

Year Year to Year
Comparison
** National
Contribution
2010: * 6.21% * 0.09%
2009: 16.61% 0.25%
2008: 12.73% 0.19%
2007: 13.82% 0.21%
2006: 13.82% 0.21%
2005: 11.18% 0.17%
2004: 11.65% 0.18%
2003: 9.63% 0.14%
2002: 4.35% 0.07%

Note: * These values are the percentages up to Sunday, March 21, 2010. Estimated volume targets for the entire 2010 year are 26.24% and 0.40% respectively. ** Total national contribution of Hamilton mortgages in the past is currently 1.51% with a projected target of 1.81%.

Monthly Volume History for Mortgages Received from Hamilton

The following bar graph illustrates CanEquity's individual monthly volume history for Internet applications submitted from Hamilton, ON.


Monthly Volume Report for Hamilton Mortgages

Busy Months for Mortgages Received within Hamilton

The graph below represents the volumes of Web 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 32.61% while our slowest is the fourth quarter (represented by the red bars) with 18.63%.

RankMonth Percentage
of Inquiries
1: February: 12.9%
2: January: 9.9%
3: March: 9.8%
4: June: 9.8%
5: September: 8.7%
6: May: 8.4%
7: August: 7.5%
8: April: 7.3%
9: July: 7.1%
10: October: 7.1%
11: November: 6.8%
12: December: 4.7%
Busy Months Report for Hamilton Mortgages

Busy Days for Online Applications within Hamilton

The data below compares the busy days for Internet mortgage applications that were received by CanEquity. A combined total of all occurrences of each day are represented for the past 5 years. In Hamilton the busiest day of the week, with 17.55% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 7.30% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Tuesday: 17.6%
2: Wednesday: 16.3%
3: Thursday: 15.4%
4: Monday: 15.2%
5: Friday: 14.6%
6: Sunday: 13.7%
7: Saturday: 7.3%
Busy Days Report for Hamilton Mortgages

Peak Hours for Mortgage Applicants within Hamilton

In Hamilton, applications are received 24 hours a day on the CanEquity web site. The time periods 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
00:00 to 00:59: 0.8%
01:00 to 01:59: 0.8%
03:00 to 03:59: 0.5%
04:00 to 04:59: 0.8%
05:00 to 05:59: 1.2%
06:00 to 06:59: 3.1%
07:00 to 07:59: 5.3%
08:00 to 08:59: 5.7%
09:00 to 09:59: 5.4%
10:00 to 10:59: 7.3%
11:00 to 11:59: 5.1%
12:00 to 12:59: 8.2%
13:00 to 13:59: 6.1%
14:00 to 14:59: 8.7%
15:00 to 15:59: 4.8%
16:00 to 16:59: 5.9%
17:00 to 17:59: 5.6%
18:00 to 18:59: 5.7%
19:00 to 19:59: 5.9%
20:00 to 20:59: 5.0%
21:00 to 21:59: 4.8%
22:00 to 22:59: 2.3%
23:00 to 23:59: 0.9%
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: 21.11%
British Columbia: 10.86%
Manitoba: 2.09%
New Brunswick: 2.11%
Newfoundland and Labrador: 1.15%
Nova Scotia: 2.91%
Northwest Territories: 0.32%
Nunavut: 0.08%
Ontario 48.83%
Prince Edward Island: 0.44%
Quebec: 4.15%
Saskatchewan: 5.06%
Yukon Territories: 0.26%
Hamilton Mortgages

Current City Standing within Ontario


Location Contribution
001:  TORONTO, ON 4.912%
002:  MISSISSAUGA, ON 2.605%
003:  OTTAWA, ON 2.410%
004:  LONDON, ON 1.598%
005:  BRAMPTON, ON 1.567%
006:  HAMILTON, ON 1.509%
007:  KITCHENER, ON 1.063%
008:  SCARBOROUGH, ON 0.928%
009:  BARRIE, ON 0.869%
010:  WINDSOR, ON 0.843%
011:  BURLINGTON, ON 0.818%

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: 22.8%
Refinance: 20.3%
First-time Buyer: 19.4%
No Money Down: 13.5%
Renewal: 8.5%
Purchase: 7.0%
Variable Rate: 1.7%
Pre-approval: 1.4%
Second Mortgage: 1.2%
Low Doc: 1.1%
Other: 3.1%
 
Total Application Types Found: 17
 Hamilton Mortgage Product Popularity Pie Chart

Age Demographics for Hamilton Mortgages

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


Incomes for Hamilton Mortgages

The following depicts the average income of applicants living in Hamilton who have applied for a home loan using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Hamilton: $51,412.94
applicants within all of Canada: $58,592.40
Difference: ($7,179.46)
  
mortgage co-applicants in Hamilton: $36,856.10
co-applicants within all of Canada: $41,278.89
Difference: ($4,422.79)

Note: Commercial Mortgages were not included for this section, only residential loans were used.

Residential Status for Hamilton Mortgage Applicants

The following table represents the residential status of people living in Hamilton who have applied for a mortgage using the online application located at the CanEquity web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 43.6%
Own: 46.1%
Other: 1.9%
No Comment: 2.8%
Live with parents: 5.6%
Hamilton Residential Status Pie Chart

Marital Status for Hamilton Mortgage Applicants

The following pie chart represents the marital status of applicants from Hamilton, Ontario using the mortgage preapproval application located at the CanEquity web site. Approximately 61% of the mortgage applicants are living together with someone, while only 38% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 45.7%
Single: 29.0%
Common-law: 15.4%
Divorced: 5.7%
Separated: 3.9%
Widowed: 0.3%
Hamilton Marital Status Pie Chart