Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 8.11% | 0.01% |
| 2010: | 8.11% | 0.01% |
| 2009: | 10.81% | 0.01% |
| 2008: | 21.62% | 0.01% |
| 2007: | 13.51% | 0.01% |
| 2006: | 2.70% | 0.00% |
| 2005: | 8.11% | 0.01% |
| 2004: | 16.22% | 0.01% |
| 2003: | 10.81% | 0.01% |
The graph listed below illustrates the busy days for online applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Ingersoll the busiest day, with 24.32% of all inquiries, is Tuesday. In comparison, Sunday's are the slowest day with only 8.11% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 24.3% | |
| 2: | Monday: | 16.2% | |
| 3: | Friday: | 13.5% | |
| 4: | Wednesday: | 13.5% | |
| 5: | Thursday: | 13.5% | |
| 6: | Saturday: | 10.8% | |
| 7: | Sunday: | 8.1% |
Applications are received 24 hours a day via the CanEquity web site. The graph shown below represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 40.5% of all mortgages are received before noon, while 56.8% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 2.7% |
| 04:00 to 04:59: | 5.4% |
| 06:00 to 06:59: | 2.7% |
| 07:00 to 07:59: | 5.4% |
| 08:00 to 08:59: | 10.8% |
| 09:00 to 09:59: | 5.4% |
| 10:00 to 10:59: | 10.8% |
| 12:00 to 12:59: | 2.7% |
| 13:00 to 13:59: | 18.9% |
| 14:00 to 14:59: | 2.7% |
| 15:00 to 15:59: | 2.7% |
| 16:00 to 16:59: | 2.7% |
| 17:00 to 17:59: | 5.4% |
| 18:00 to 18:59: | 2.7% |
| 19:00 to 19:59: | 8.1% |
| 20:00 to 20:59: | 2.7% |
| 21:00 to 21:59: | 2.7% |
| 22:00 to 22:59: | 2.7% |
| 23:00 to 23:59: | 2.7% |
| 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 | |
|---|---|---|
| 091: | PARIS, ON | 0.076% |
| 092: | NAPANEE, ON | 0.074% |
| 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% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 32.4% | |
| Refinance: | 24.3% | |
| Renewal: | 13.5% | |
| No Money Down: | 8.1% | |
| First-time Buyer: | 5.4% | |
| Purchase: | 5.4% | |
| Low Doc: | 2.7% | |
| Second Mortgage: | 2.7% | |
| HELOC: | 2.7% | |
| Variable Rate: | 2.7% | |
| Total Application Types Found: 10 | ||
Average age: 38
Oldest age: 62
Youngest age: 24
The following figures show the average income of Canadians living in Ingersoll who have applied for a home loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Ingersoll: | $52,448.94 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($7,049.52) |
| mortgage co-applicants in Ingersoll: | $37,640.45 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($4,762.68) |
The table and pie chart below represents the residential status of people living in Ingersoll who have submitted an inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 32.4% | |
| Own: | 64.9% | |
| Other: | 2.7% |
The pie chart below represents the marital status of applicants from Ingersoll, Ontario using the preapproval application found on the CanEquity Mortgage web site. In Ingersoll, approximately 67% of the mortgage applicants are living common-law or married, while only 32% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 45.9% | |
| Common-law: | 21.6% | |
| Divorced: | 10.8% | |
| Separated: | 10.8% | |
| Single: | 10.8% |
