Hamilton Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| 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% |
The following bar graph illustrates CanEquity's individual monthly volume history for Internet applications submitted from Hamilton, ON.
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%.
| Rank | Month | 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% |
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% |
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% |
| 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% |
| 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% |
| 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 | ||
Average age: 37
Oldest age: 86
Youngest age: 19
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) |
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% |
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% |
