London Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 8.33% | * 0.14% |
| 2007: | 16.46% | 0.27% |
| 2006: | 22.97% | 0.38% |
| 2005: | 18.29% | 0.30% |
| 2004: | 15.24% | 0.25% |
| 2003: | 11.79% | 0.19% |
| 2002: | 6.91% | 0.11% |
The bar graph below illustrates the individual monthly volume history for Internet pre-approval applications received from London, ON.
The 6-year bar graph below represents the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from London mostly occur during our first quarter (represented by the brown bars) with 29.47% while our slowest is the fourth quarter (represented by the red bars) with 19.31%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 10.8% | |
| 2: | March: | 10.6% | |
| 3: | April: | 10.4% | |
| 4: | June: | 9.2% | |
| 5: | May: | 8.5% | |
| 6: | September: | 8.5% | |
| 7: | February: | 8.1% | |
| 8: | November: | 7.5% | |
| 9: | July: | 7.3% | |
| 10: | August: | 7.3% | |
| 11: | December: | 5.9% | |
| 12: | October: | 5.9% |
The information below illustrates the busy days for online inquiries that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In London the busiest day, with approximately 20.53% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 10.16% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 20.5% | |
| 2: | Monday: | 17.5% | |
| 3: | Wednesday: | 16.3% | |
| 4: | Sunday: | 12.6% | |
| 5: | Thursday: | 12.4% | |
| 6: | Friday: | 10.6% | |
| 7: | Saturday: | 10.2% |
In London, applications are received 24 hours a day via our web site. The report shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.2% |
| 01:00 to 01:59: | 0.4% |
| 02:00 to 02:59: | 0.4% |
| 03:00 to 03:59: | 1.0% |
| 04:00 to 04:59: | 0.6% |
| 05:00 to 05:59: | 1.0% |
| 06:00 to 06:59: | 1.0% |
| 07:00 to 07:59: | 3.0% |
| 08:00 to 08:59: | 7.7% |
| 09:00 to 09:59: | 8.1% |
| 10:00 to 10:59: | 5.7% |
| 11:00 to 11:59: | 7.3% |
| 12:00 to 12:59: | 8.9% |
| 13:00 to 13:59: | 5.9% |
| 14:00 to 14:59: | 5.1% |
| 15:00 to 15:59: | 6.9% |
| 16:00 to 16:59: | 3.0% |
| 17:00 to 17:59: | 6.3% |
| 18:00 to 18:59: | 6.5% |
| 19:00 to 19:59: | 6.5% |
| 20:00 to 20:59: | 4.7% |
| 21:00 to 21:59: | 3.9% |
| 22:00 to 22:59: | 2.6% |
| 23:00 to 23:59: | 2.0% |
| 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% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 27.0% | |
| Qualification: | 21.1% | |
| Refinance: | 14.0% | |
| No Money Down: | 13.2% | |
| Renewal: | 10.2% | |
| Purchase: | 5.1% | |
| Variable Rate: | 2.8% | |
| Low Doc: | 1.4% | |
| Pre-approval: | 1.4% | |
| Investment: | 1.2% | |
| Other: | 2.4% | |
| Total Application Types Found: 18 | ||
Average age: 36
Oldest age: 84
Youngest age: 20
The amounts shown below represent the average income of people living in London who have applied for a loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in London: | $49,244.44 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | ($7,103.06) |
| mortgage co-applicants in London: | $38,703.29 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | ($627.41) |
The following table represents the residential status of people living in London who have applied for a loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 49.0% | |
| Own: | 39.2% | |
| Other: | 1.4% | |
| No Comment: | 4.7% | |
| Live with parents: | 5.7% |
The following information represents the marital status of applicants from London, Ontario using the mortgage preapproval application located at the CanEquity web site. In London, over 62% of the mortgage applicants are living together with someone, while only 36% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 47.6% | |
| Single: | 27.2% | |
| Common-law: | 14.6% | |
| Separated: | 5.3% | |
| Divorced: | 4.5% | |
| Widowed: | 0.8% |
