Last report update for Kitchener: Tuesday, May 13, 2008
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Kitchener Mortgages

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Yearly Volume Comparison for Online Applications from Kitchener

Year Year to Year
Comparison
** National
Contribution
2008: * 7.14% * 0.07%
2007: 21.77% 0.21%
2006: 21.77% 0.21%
2005: 11.22% 0.11%
2004: 18.37% 0.18%
2003: 13.61% 0.13%
2002: 6.12% 0.06%

Note: * These values are the percentages up to Tuesday, May 13, 2008. Estimated volume targets for the entire 2008 year are 18.03% and 0.18% respectively. ** Total national contribution of Kitchener mortgages in the past is currently 0.97% with a projected target of 1.08%.

Monthly Volume History for Applications from Kitchener

The following shows the individual monthly volume history for Internet mortgage pre-approval applications originating from Kitchener, ON.


Monthly Volume Report for Kitchener Mortgages

Busy Months for Online Applications within Kitchener

This bar graph displays the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Kitchener usually occur during our first quarter (represented by the brown bars) with 30.95% while our slowest is the third quarter (represented by the blue bars) with 21.77%.

RankMonth Percentage
of Inquiries
1: January: 11.9%
2: March: 10.9%
3: May: 9.9%
4: April: 9.5%
5: November: 9.2%
6: September: 8.8%
7: October: 8.5%
8: February: 8.2%
9: August: 7.1%
10: July: 5.8%
11: June: 5.8%
12: December: 4.4%
Busy Months Report for Kitchener Mortgages

Busy Days for Mortgage Inquiries within Kitchener

The bar graph below compares the busy days for mortgage inquiries that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Kitchener, the day with the most volume, generating 20.41% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 9.52% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Tuesday: 20.4%
2: Thursday: 19.7%
3: Wednesday: 15.0%
4: Monday: 12.9%
5: Friday: 11.2%
6: Saturday: 11.2%
7: Sunday: 9.5%
Busy Days Report for Kitchener Mortgages

Peak Hours for Mortgage Applicants within Kitchener

In Kitchener, applications are received 24 hours a day on the CanEquity web site. The graph shown below represents the peak hours in the day. The data is taken from all days of all years. Only 33.0% of all mortgages are received before noon, while 63.9% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 1.4%
01:00 to 01:59: 1.0%
02:00 to 02:59: 0.7%
03:00 to 03:59: 0.7%
04:00 to 04:59: 1.0%
05:00 to 05:59: 1.4%
06:00 to 06:59: 2.4%
07:00 to 07:59: 4.4%
08:00 to 08:59: 5.1%
09:00 to 09:59: 5.8%
10:00 to 10:59: 5.1%
11:00 to 11:59: 7.1%
12:00 to 12:59: 7.8%
13:00 to 13:59: 4.8%
14:00 to 14:59: 6.5%
15:00 to 15:59: 6.8%
16:00 to 16:59: 5.1%
17:00 to 17:59: 5.8%
18:00 to 18:59: 6.1%
19:00 to 19:59: 6.1%
20:00 to 20:59: 6.1%
21:00 to 21:59: 3.7%
22:00 to 22:59: 2.0%
23:00 to 23:59: 3.1%
Peak Hours Graph for Mortgages in Kitchener

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
British Columbia: 11.48%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.78%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario 48.62%
Prince Edward Island: 0.35%
Quebec: 3.80%
Saskatchewan: 5.59%
Yukon Territories: 0.21%
Kitchener Mortgages

Current City Standing within Ontario


Location Contribution
003:  OTTAWA, ON 2.334%
004:  LONDON, ON 1.632%
005:  BRAMPTON, ON 1.566%
006:  HAMILTON, ON 1.463%
007:  SCARBOROUGH, ON 0.990%
008:  KITCHENER, ON 0.973%
009:  WINDSOR, ON 0.930%
010:  BARRIE, ON 0.920%
011:  BURLINGTON, ON 0.854%
012:  OAKVILLE, ON 0.705%
013:  OSHAWA, ON 0.645%

Nearest Settlements


1Ayr, Ontario
2Baden, Ontario
3Guelph, Ontario
4Milton, Ontario
5Princeton, Ontario
6Wellesley, Ontario
7Waterloo, Ontario
8Cambridge, Ontario
9Bright, Ontario
10Salem, Ontario
11Innerkip, Ontario
12Burford, Ontario
13Tavistock, Ontario
14St George Brant, Ontario
15Centre Wellington, Ontario
16Paris, Ontario
17Puslinch, Ontario
18Shakespeare, Ontario
19Campbellville, Ontario
20St George, Ontario
21Millgrove, Ontario
22Elmira, Ontario
23New Hamburg, Ontario
24Brantford, Ontario
25Millbank, Ontario
26Freelton, Ontario
27Copetown, Ontario
28Lynden, Ontario
29Waterdown, Ontario
30Acton, Ontario
31Scotland, Ontario
32Stratford, Ontario
33St Marys, Ontario
34Woodstock, Ontario
35Beachville, Ontario
36Fergus, Ontario
37Norwich, Ontario
38Burlington, Ontario
39Ancaster, Ontario
40York, Ontario
41Etobicoke, Ontario
42Caledonia, Ontario
43Mississauga, Ontario
44Dorchester, Ontario
45Mount Hope, Ontario
46Georgetown, Ontario
47Lucan, Ontario
48Ingersoll, Ontario
49Palmerston, Ontario
50Oakville, Ontario
51Dundas, Ontario
52Halton Hills, Ontario
53Erin, Ontario
54London, Ontario
55Rockwood, Ontario


Product Popularity for Kitchener


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 21.4%
Qualification: 20.7%
Refinance: 18.7%
No Money Down: 13.6%
Renewal: 9.9%
Purchase: 7.5%
Variable Rate: 3.1%
Investment: 1.7%
Pre-approval: 1.0%
Commercial: 1.0%
Other: 1.2%
 
Total Application Types Found: 14
 Kitchener Mortgage Product Popularity Pie Chart

Age Demographics for Kitchener Originated Mortgages

Average age: 37
Oldest age: 71
Youngest age: 19


Incomes for Kitchener Originated Mortgages

The amounts below are the average income of applicants living in Kitchener who have submitted a mortgage inquiry using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Kitchener: $55,699.92
applicants within all of Canada: $56,384.30
Difference: ($684.38)
  
mortgage co-applicants in Kitchener: $47,245.34
co-applicants within all of Canada: $39,375.53
Difference: $7,869.80

Note: Commercial loans were not included for this section, only residential mortgage loan amounts from Kitchener, Ontario were used.

Residential Status for Kitchener Based Mortgages

The table and pie chart below represents the residential status of people living in Kitchener who have applied for a mortgage using the CanEquity mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 43.2%
Own: 48.3%
Other: 0.7%
No Comment: 2.4%
Live with parents: 5.4%
Kitchener Residential Status Pie Chart

Marital Statistics for Kitchener Based Mortgages

The following pie chart represents the marital status of applicants from Kitchener, Ontario using the mortgage preapproval application found on the CanEquity Mortgage web site. Over 66% of the mortgage applicants are living together with someone, while only 33% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 51.7%
Single: 25.2%
Common-law: 15.0%
Separated: 5.4%
Divorced: 2.7%
Kitchener Marital Status Pie Chart