Hamilton Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 5.90% | * 0.09% |
| 2007: | 20.18% | 0.30% |
| 2006: | 20.18% | 0.30% |
| 2005: | 16.33% | 0.24% |
| 2004: | 17.01% | 0.25% |
| 2003: | 14.06% | 0.21% |
| 2002: | 6.35% | 0.09% |
The following bar graph shows the individual monthly volume history for Internet mortgage pre-approval applications sent from Hamilton, ON.
The following bar graph 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 30.61% while our slowest is the fourth quarter (represented by the red bars) with 19.50%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 10.7% | |
| 2: | March: | 10.7% | |
| 3: | June: | 9.5% | |
| 4: | January: | 9.3% | |
| 5: | September: | 9.3% | |
| 6: | May: | 8.8% | |
| 7: | April: | 7.9% | |
| 8: | October: | 7.9% | |
| 9: | August: | 7.7% | |
| 10: | November: | 6.6% | |
| 11: | July: | 6.6% | |
| 12: | December: | 5.0% |
The bar graph below displays the busy days for mortgage applications that were received by CanEquity's web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Hamilton the busiest day of the week, with 17.46% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 7.71% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 17.5% | |
| 2: | Wednesday: | 15.7% | |
| 3: | Thursday: | 15.7% | |
| 4: | Friday: | 15.4% | |
| 5: | Sunday: | 14.7% | |
| 6: | Monday: | 13.4% | |
| 7: | Saturday: | 7.7% |
Mortgage inquiries are received 24 hours a day from our web site. The statistics shown below indicates the rush hours in the day. 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: | 0.5% |
| 03:00 to 03:59: | 0.7% |
| 04:00 to 04:59: | 1.1% |
| 05:00 to 05:59: | 1.1% |
| 06:00 to 06:59: | 3.2% |
| 07:00 to 07:59: | 5.0% |
| 08:00 to 08:59: | 5.9% |
| 09:00 to 09:59: | 5.0% |
| 10:00 to 10:59: | 6.8% |
| 11:00 to 11:59: | 5.2% |
| 12:00 to 12:59: | 8.2% |
| 13:00 to 13:59: | 5.7% |
| 14:00 to 14:59: | 9.1% |
| 15:00 to 15:59: | 5.2% |
| 16:00 to 16:59: | 5.7% |
| 17:00 to 17:59: | 5.2% |
| 18:00 to 18:59: | 5.0% |
| 19:00 to 19:59: | 6.6% |
| 20:00 to 20:59: | 5.2% |
| 21:00 to 21:59: | 5.4% |
| 22:00 to 22:59: | 2.7% |
| 23:00 to 23:59: | 0.9% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.49% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.12% |
| Nova Scotia: | 2.77% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.36% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.60% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 001: | TORONTO, ON | 4.993% |
| 002: | MISSISSAUGA, ON | 2.633% |
| 003: | OTTAWA, ON | 2.337% |
| 004: | LONDON, ON | 1.636% |
| 005: | BRAMPTON, ON | 1.572% |
| 006: | HAMILTON, ON | 1.466% |
| 007: | SCARBOROUGH, ON | 0.994% |
| 008: | KITCHENER, ON | 0.977% |
| 009: | WINDSOR, ON | 0.927% |
| 010: | BARRIE, ON | 0.924% |
| 011: | BURLINGTON, ON | 0.851% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 22.0% | |
| Refinance: | 21.5% | |
| First-time Buyer: | 20.2% | |
| No Money Down: | 12.7% | |
| Renewal: | 7.7% | |
| Purchase: | 6.8% | |
| Variable Rate: | 2.3% | |
| Pre-approval: | 1.4% | |
| Low Doc: | 1.1% | |
| Second Mortgage: | 0.9% | |
| Investment: | 0.9% | |
| Other: | 2.6% | |
| Total Application Types Found: 17 | ||
Average age: 37
Oldest age: 86
Youngest age: 19
The following depicts the average income of Canadians living in Hamilton who have applied for a loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Hamilton: | $50,945.84 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | ($5,401.65) |
| mortgage co-applicants in Hamilton: | $35,234.95 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | ($4,095.75) |
The following depicts the residential status of people living in Hamilton who have applied for a loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 43.1% | |
| Own: | 45.8% | |
| Other: | 2.0% | |
| No Comment: | 4.1% | |
| Live with parents: | 5.0% |
The following pie chart represents the marital status of applicants from Hamilton, Ontario using the preapproval application located at the CanEquity web site. Over 63% of the mortgage applicants are living with someone, while only 36% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 46.3% | |
| Single: | 24.5% | |
| Common-law: | 17.2% | |
| Divorced: | 7.0% | |
| Separated: | 4.5% | |
| Widowed: | 0.5% |
