Last report update for London: Tuesday, May 6, 2008
Canada Mortgages
London Mortgage
Information, Statisitics & Reports
CanEquity Mortgage - Best Mortgage Rates in CanadaMortgage Services and ProductsCompany Profile and TestimonialsMortgage News and Related ArticlesSecure Online Mortgage Pre-Approval ApplicationContact a Mortgage Broker
Canadian Mortgage Statistics


Mortgage Stats
Tell a Friend
Rate calculator

Related Links:
Aylmer
Belmont
Delaware
Dorchester
Ingersoll
Innerkip
Lucan
Norwich
St Marys
St Thomas

Have an idea or suggestion on improving the London mortgage stats page, please send us an e-mail.



London Mortgages

Ontario Mortgage Statistics, Graphs and Charts

Map of London requires Adobe Flash Player 7 or higher.

Yearly Volume Comparison for Applications from London

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%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 22.15% and 0.36% respectively. ** Total national contribution of London mortgages in the past is currently 1.64% with a projected target of 1.86%.

Monthly Volume History for Online Applications from London

The bar graph below illustrates the individual monthly volume history for Internet pre-approval applications received from London, ON.


Monthly Volume Report for London Mortgages

Busy Months for Applications within London

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%.

RankMonth 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%
Busy Months Report for London Mortgages

Busy Days for Applications within London

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%
Busy Days Report for London Mortgages

Peak Hours for Mortgages within London

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%
Peak Hours Graph for Mortgages in London

Ontario Mortgage Originations Compared to all other Provinces


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%
London Mortgages

Current City Standing within Ontario


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%

Nearest Settlements


1Dorchester, Ontario
2Belmont, Ontario
3Ingersoll, Ontario
4Delaware, Ontario
5Norwich, Ontario
6St Thomas, Ontario
7Innerkip, Ontario
8Aylmer, Ontario
9Lucan, Ontario
10St Marys, Ontario
11Ailsa Craig, Ontario
12Beachville, Ontario
13Ilderton, Ontario
14Mount Brydges, Ontario
15Baden, Ontario
16Bright, Ontario
17Langton, Ontario
18Tavistock, Ontario
19Exeter, Ontario
20Strathroy, Ontario
21Courtland, Ontario
22Denfield, Ontario
23Brownsville, Ontario
24New Hamburg, Ontario
25Komoka, Ontario
26Woodstock, Ontario
27Springfield, Ontario
28Salem, Ontario
29Glencoe, Ontario
30Vittoria, Ontario
31Mitchell, Ontario
32Clear Creek, Ontario
33Port Burwell, Ontario
34Otterville, Ontario
35Vienna, Ontario
36Parkhill, Ontario
37Centre Wellington, Ontario
38Shakespeare, Ontario
39Tillsonburg, Ontario
40Crediton, Ontario
41Watford, Ontario
42Stratford, Ontario
43Ayr, Ontario
44Wyoming, Ontario
45West Lorne, Ontario
46Paris, Ontario
47Delhi, Ontario
48Scotland, Ontario
49Port Rowan, Ontario
50Dutton, Ontario
51Port Stanley, Ontario
52Kitchener, Ontario


Product Popularity for London


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
 London Mortgage Product Popularity Pie Chart

Age Demographics for London Mortgage Applicants

Average age: 36
Oldest age: 84
Youngest age: 20


Incomes for London Mortgage Applicants

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)

Note: Commercial loan amounts were not included for this survey, only residential mortgage loan amounts were used.

Residential Status for London Mortgages

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%
London Residential Status Pie Chart

Marital Status for London Mortgages

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%
London Marital Status Pie Chart