Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 7.04% | 0.01% |
| 2010: | 18.31% | 0.03% |
| 2009: | 12.68% | 0.02% |
| 2008: | 14.09% | 0.02% |
| 2007: | 14.09% | 0.02% |
| 2006: | 9.86% | 0.01% |
| 2005: | 5.63% | 0.01% |
| 2004: | 12.68% | 0.02% |
| 2003: | 2.82% | 0.00% |
| 2002: | 2.82% | 0.00% |
The following displays the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Maple usually occur during our fourth quarter (represented by the red bars) with 36.62% while our slowest is the third quarter (represented by the blue bars) with 15.49%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 16.9% | |
| 2: | October: | 16.9% | |
| 3: | November: | 14.1% | |
| 4: | April: | 8.4% | |
| 5: | February: | 8.4% | |
| 6: | May: | 7.0% | |
| 7: | August: | 7.0% | |
| 8: | December: | 5.6% | |
| 9: | January: | 4.2% | |
| 10: | July: | 4.2% | |
| 11: | September: | 4.2% | |
| 12: | June: | 2.8% |
The information below compares the busy days for mortgage inquiries that were received by CanEquity. Each day represents a combined total of all occurrences of that day in the past 5 years. In Maple, the day with the most volume, generating 21.13% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 7.04% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 21.1% | |
| 2: | Tuesday: | 21.1% | |
| 3: | Wednesday: | 14.1% | |
| 4: | Sunday: | 12.7% | |
| 5: | Thursday: | 12.7% | |
| 6: | Friday: | 11.3% | |
| 7: | Saturday: | 7.0% |
Mortgage applications are received 24 hours a day from the CanEquity web site. The time periods below represents the peak hours within a 24-hour period. The data is taken from all days of all years. Only 43.7% of all mortgages are received during the morning, while 54.9% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 1.4% |
| 04:00 to 04:59: | 1.4% |
| 05:00 to 05:59: | 2.8% |
| 06:00 to 06:59: | 1.4% |
| 07:00 to 07:59: | 4.2% |
| 08:00 to 08:59: | 7.0% |
| 09:00 to 09:59: | 9.9% |
| 10:00 to 10:59: | 11.3% |
| 11:00 to 11:59: | 5.6% |
| 12:00 to 12:59: | 5.6% |
| 13:00 to 13:59: | 5.6% |
| 14:00 to 14:59: | 4.2% |
| 15:00 to 15:59: | 11.3% |
| 16:00 to 16:59: | 4.2% |
| 17:00 to 17:59: | 1.4% |
| 18:00 to 18:59: | 7.0% |
| 19:00 to 19:59: | 4.2% |
| 20:00 to 20:59: | 4.2% |
| 21:00 to 21:59: | 1.4% |
| 22:00 to 22:59: | 1.4% |
| 23:00 to 23:59: | 4.2% |
| 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 | |
|---|---|---|
| 055: | BOWMANVILLE, ON | 0.151% |
| 056: | STRATFORD, ON | 0.145% |
| 057: | DUNDAS, ON | 0.145% |
| 058: | TRENTON, ON | 0.145% |
| 059: | SIMCOE, ON | 0.136% |
| 060: | MAPLE, ON | 0.134% |
| 061: | COBOURG, ON | 0.132% |
| 062: | LINDSAY, ON | 0.132% |
| 063: | STRATHROY, ON | 0.126% |
| 064: | OWEN SOUND, ON | 0.125% |
| 065: | FORT ERIE, ON | 0.123% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 21.1% | |
| First-time Buyer: | 19.7% | |
| Renewal: | 16.9% | |
| Qualification: | 12.7% | |
| Purchase: | 12.7% | |
| Second Mortgage: | 4.2% | |
| No Money Down: | 2.8% | |
| Commercial: | 2.8% | |
| Variable Rate: | 2.8% | |
| Pre-approval: | 1.4% | |
| Long Term Fixed: | 1.4% | |
| Equity Mortgage: | 1.4% | |
| Total Application Types Found: 12 | ||
Average age: 37
Oldest age: 53
Youngest age: 21
The numbers below represent the average income of people living in Maple who have applied for a home loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Maple: | $67,399.25 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $7,900.78 |
| mortgage co-applicants in Maple: | $42,805.07 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $401.94 |
The pie chart below shows the residential status of people living in Maple who have submitted a mortgage inquiry using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 26.8% | |
| Own: | 63.4% | |
| Other: | 1.4% | |
| No Comment: | 1.4% | |
| Live with parents: | 7.0% |
The pie chart below represents the marital status of applicants from Maple, Ontario using the mortgage application found at canequity.com. Approximately 67% of the mortgage applicants are living with someone, while only 32% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 59.2% | |
| Single: | 25.4% | |
| Common-law: | 8.5% | |
| Separated: | 4.2% | |
| Divorced: | 2.8% |
