Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 10.00% | 0.15% |
| 2010: | 12.56% | 0.19% |
| 2009: | 13.72% | 0.20% |
| 2008: | 10.51% | 0.16% |
| 2007: | 11.41% | 0.17% |
| 2006: | 11.41% | 0.17% |
| 2005: | 9.23% | 0.14% |
| 2004: | 9.62% | 0.14% |
| 2003: | 7.95% | 0.12% |
| 2002: | 3.59% | 0.05% |
This bar graph illustrates the individual monthly volume history for Internet mortgage applications from Hamilton, ON.
The 6-year bar graph below illustrates the volumes of Internet 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 29.87% while our slowest is the fourth quarter (represented by the red bars) with 19.49%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 11.4% | |
| 2: | June: | 10.1% | |
| 3: | March: | 9.5% | |
| 4: | January: | 9.0% | |
| 5: | August: | 8.5% | |
| 6: | September: | 8.5% | |
| 7: | May: | 8.2% | |
| 8: | April: | 7.7% | |
| 9: | July: | 7.7% | |
| 10: | October: | 7.7% | |
| 11: | November: | 6.8% | |
| 12: | December: | 5.0% |
The data below plots the busy days for mortgage inquiries that were received by CanEquity. A combined total of all occurrences of each day are represented for the past 5 years. In Hamilton, the day with the most volume, having more than 17.82% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 8.08% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 17.8% | |
| 2: | Wednesday: | 16.5% | |
| 3: | Thursday: | 15.6% | |
| 4: | Monday: | 15.4% | |
| 5: | Sunday: | 13.5% | |
| 6: | Friday: | 13.1% | |
| 7: | Saturday: | 8.1% |
In Hamilton, mortgages are received 24 hours a day via the CanEquity web site. The time periods below represents the peak hours over 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: | 0.6% |
| 01:00 to 01:59: | 0.8% |
| 02:00 to 02:59: | 0.1% |
| 03:00 to 03:59: | 0.4% |
| 04:00 to 04:59: | 0.8% |
| 05:00 to 05:59: | 1.5% |
| 06:00 to 06:59: | 2.8% |
| 07:00 to 07:59: | 5.3% |
| 08:00 to 08:59: | 5.9% |
| 09:00 to 09:59: | 5.9% |
| 10:00 to 10:59: | 7.1% |
| 11:00 to 11:59: | 5.0% |
| 12:00 to 12:59: | 8.3% |
| 13:00 to 13:59: | 5.9% |
| 14:00 to 14:59: | 8.3% |
| 15:00 to 15:59: | 4.4% |
| 16:00 to 16:59: | 6.3% |
| 17:00 to 17:59: | 5.3% |
| 18:00 to 18:59: | 6.2% |
| 19:00 to 19:59: | 6.2% |
| 20:00 to 20:59: | 5.8% |
| 21:00 to 21:59: | 4.2% |
| 22:00 to 22:59: | 2.2% |
| 23:00 to 23:59: | 0.9% |
| 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 | |
|---|---|---|
| 001: | TORONTO, ON | 4.581% |
| 002: | MISSISSAUGA, ON | 2.463% |
| 003: | OTTAWA, ON | 2.261% |
| 004: | LONDON, ON | 1.546% |
| 005: | BRAMPTON, ON | 1.493% |
| 006: | HAMILTON, ON | 1.472% |
| 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% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 21.4% | |
| Refinance: | 19.2% | |
| First-time Buyer: | 17.8% | |
| No Money Down: | 13.3% | |
| Purchase: | 10.3% | |
| Renewal: | 8.1% | |
| Variable Rate: | 1.7% | |
| Pre-approval: | 1.5% | |
| Commercial: | 1.4% | |
| Low Doc: | 1.3% | |
| Second Mortgage: | 1.0% | |
| Other: | 2.9% | |
| Total Application Types Found: 19 | ||
Average age: 37
Oldest age: 86
Youngest age: 19
The numbers below represent the average income of Canadians living in Hamilton who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Hamilton: | $52,143.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($7,355.47) |
| mortgage co-applicants in Hamilton: | $37,501.31 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($4,901.82) |
The following table represents the residential status of people living in Hamilton who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 43.3% | |
| Own: | 46.0% | |
| Other: | 1.9% | |
| No Comment: | 2.7% | |
| Live with parents: | 6.0% |
The following table and pie chart represents the marital status of applicants from Hamilton, Ontario using the online mortgage application located at canequity.com. In Hamilton, over 60% of the mortgage applicants are living common-law or married, while only 39% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 44.1% | |
| Single: | 30.1% | |
| Common-law: | 15.9% | |
| Divorced: | 5.1% | |
| Separated: | 4.4% | |
| Widowed: | 0.4% |
