Kitchener Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| 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% |
The following shows the individual monthly volume history for Internet mortgage pre-approval applications originating from Kitchener, ON.
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%.
| Rank | Month | 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% |
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% |
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% |
| 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% |
| 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% |
| 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 | ||
Average age: 37
Oldest age: 71
Youngest age: 19
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 |
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% |
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% |
