Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 14.29% | 0.01% |
| 2010: | 17.14% | 0.01% |
| 2009: | 17.14% | 0.01% |
| 2008: | 14.29% | 0.01% |
| 2007: | 11.43% | 0.01% |
| 2006: | 11.43% | 0.01% |
| 2005: | 8.57% | 0.01% |
| 2004: | 5.71% | 0.00% |
The data below shows the busy days for mortgage inquiries that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Hanover the busiest day, with approximately 40.00% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 2.86% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 40.0% | |
| 2: | Thursday: | 17.1% | |
| 3: | Tuesday: | 14.3% | |
| 4: | Wednesday: | 11.4% | |
| 5: | Friday: | 8.6% | |
| 6: | Sunday: | 5.7% | |
| 7: | Saturday: | 2.9% |
Hanover mortgage applications are received 24 hours a day from the CanEquity web site. The information shown below represents the busy hours in the day. The data is taken from all days of all years. Only 37.1% of all mortgages are received during the morning, while 60.0% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 2.9% |
| 05:00 to 05:59: | 2.9% |
| 06:00 to 06:59: | 5.7% |
| 07:00 to 07:59: | 8.6% |
| 08:00 to 08:59: | 2.9% |
| 09:00 to 09:59: | 14.3% |
| 10:00 to 10:59: | 2.9% |
| 12:00 to 12:59: | 5.7% |
| 14:00 to 14:59: | 2.9% |
| 15:00 to 15:59: | 14.3% |
| 16:00 to 16:59: | 5.7% |
| 17:00 to 17:59: | 14.3% |
| 18:00 to 18:59: | 5.7% |
| 19:00 to 19:59: | 2.9% |
| 20:00 to 20:59: | 5.7% |
| 22:00 to 22:59: | 2.9% |
| 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 | |
|---|---|---|
| 093: | EAST YORK, ON | 0.074% |
| 094: | HUNTSVILLE, ON | 0.072% |
| 095: | AMHERSTBURG, ON | 0.070% |
| 096: | INGERSOLL, ON | 0.070% |
| 097: | TECUMSEH, ON | 0.070% |
| 098: | HANOVER, ON | 0.066% |
| 099: | PICTON, ON | 0.064% |
| 100: | HANMER, ON | 0.064% |
| 101: | WASAGA BEACH, ON | 0.064% |
| 102: | STITTSVILLE, ON | 0.064% |
| 103: | PARRY SOUND, ON | 0.064% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Purchase: | 20.0% | |
| No Money Down: | 17.1% | |
| Qualification: | 14.3% | |
| First-time Buyer: | 14.3% | |
| Refinance: | 11.4% | |
| Renewal: | 8.6% | |
| Equity Mortgage: | 5.7% | |
| Low Doc: | 2.9% | |
| Pre-approval: | 2.9% | |
| Commercial: | 2.9% | |
| Total Application Types Found: 10 | ||
Average age: 36
Oldest age: 60
Youngest age: 22
The amounts shown below represent the average income of Canadians living in Hanover who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Hanover: | $56,338.06 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($3,160.40) |
| mortgage co-applicants in Hanover: | $46,877.14 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $4,474.01 |
The following table represents the residential status of people living in Hanover who have submitted a mortgage inquiry using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 48.6% | |
| Own: | 42.9% | |
| No Comment: | 2.9% | |
| Live with parents: | 5.7% |
The following table and pie chart represents the marital status of applicants from Hanover, Ontario using the online mortgage application found on canequity.com. Over 54% of the mortgage applicants are living with someone, while only 45% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 40.0% | |
| Married: | 37.1% | |
| Common-law: | 17.1% | |
| Divorced: | 2.9% | |
| Separated: | 2.9% |
