Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 10.78% | 0.05% |
| 2010: | 13.79% | 0.06% |
| 2009: | 15.09% | 0.07% |
| 2008: | 7.76% | 0.03% |
| 2007: | 10.35% | 0.04% |
| 2006: | 12.07% | 0.05% |
| 2005: | 13.79% | 0.06% |
| 2004: | 6.03% | 0.03% |
| 2003: | 8.19% | 0.04% |
| 2002: | 2.15% | 0.01% |
This bar graph illustrates CanEquity's individual monthly volume history for Internet mortgage pre-approval applications sent from Markham, ON.
The bar graph below depicts the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Markham usually occur during our first quarter (represented by the brown bars) with 35.34% while our slowest is the fourth quarter (represented by the red bars) with 14.66%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 15.9% | |
| 2: | February: | 12.5% | |
| 3: | April: | 10.8% | |
| 4: | September: | 9.9% | |
| 5: | May: | 9.1% | |
| 6: | July: | 9.1% | |
| 7: | January: | 6.9% | |
| 8: | October: | 6.5% | |
| 9: | June: | 6.0% | |
| 10: | August: | 5.2% | |
| 11: | November: | 4.7% | |
| 12: | December: | 3.5% |
The bar graph below illustrates the busy days for Internet mortgage applications 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 Markham the busiest day, with approximately 21.98% of all submissions, is Monday. In comparison, Sunday's are the slowest day with only 8.19% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 22.0% | |
| 2: | Tuesday: | 21.1% | |
| 3: | Wednesday: | 14.7% | |
| 4: | Thursday: | 14.2% | |
| 5: | Friday: | 11.2% | |
| 6: | Saturday: | 8.6% | |
| 7: | Sunday: | 8.2% |
Mortgage applications are received 24 hours a day from the CanEquity web site. The statistics shown below indicates the rush hours within 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: | 1.7% |
| 01:00 to 01:59: | 0.4% |
| 04:00 to 04:59: | 0.4% |
| 05:00 to 05:59: | 2.2% |
| 06:00 to 06:59: | 3.4% |
| 07:00 to 07:59: | 4.7% |
| 08:00 to 08:59: | 7.8% |
| 09:00 to 09:59: | 7.8% |
| 10:00 to 10:59: | 6.9% |
| 11:00 to 11:59: | 7.8% |
| 12:00 to 12:59: | 9.1% |
| 13:00 to 13:59: | 3.4% |
| 14:00 to 14:59: | 8.6% |
| 15:00 to 15:59: | 4.7% |
| 16:00 to 16:59: | 4.3% |
| 17:00 to 17:59: | 3.9% |
| 18:00 to 18:59: | 1.7% |
| 19:00 to 19:59: | 5.6% |
| 20:00 to 20:59: | 5.2% |
| 21:00 to 21:59: | 5.6% |
| 22:00 to 22:59: | 2.6% |
| 23:00 to 23:59: | 2.2% |
| 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 | |
|---|---|---|
| 017: | ETOBICOKE, ON | 0.529% |
| 018: | BRANTFORD, ON | 0.515% |
| 019: | RICHMOND HILL, ON | 0.512% |
| 020: | NORTH YORK, ON | 0.510% |
| 021: | KINGSTON, ON | 0.508% |
| 022: | MARKHAM, ON | 0.438% |
| 023: | SAULT STE MARIE, ON | 0.428% |
| 024: | WATERLOO, ON | 0.423% |
| 025: | PETERBOROUGH, ON | 0.404% |
| 026: | AJAX, ON | 0.402% |
| 027: | THUNDER BAY, ON | 0.391% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 22.0% | |
| First-time Buyer: | 21.6% | |
| Qualification: | 16.8% | |
| Purchase: | 10.8% | |
| Refinance: | 9.5% | |
| No Money Down: | 6.0% | |
| Variable Rate: | 5.2% | |
| Second Mortgage: | 2.2% | |
| Pre-approval: | 1.7% | |
| Commercial: | 1.7% | |
| Low Doc: | 0.9% | |
| Equity Mortgage: | 0.9% | |
| Investment: | 0.9% | |
| Total Application Types Found: 13 | ||
Average age: 37
Oldest age: 68
Youngest age: 19
The following figures show the average income of applicants living in Markham who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Markham: | $67,715.82 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $8,217.36 |
| mortgage co-applicants in Markham: | $50,073.93 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $7,670.80 |
The pie chart below shows the residential status of people living in Markham who have applied for a mortgage loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 28.0% | |
| Own: | 56.5% | |
| Other: | 1.3% | |
| No Comment: | 1.3% | |
| Live with parents: | 12.9% |
The pie chart below represents the marital status of applicants from Markham, Ontario using the online mortgage application found on the CanEquity Mortgage web site. Over 65% of the mortgage applicants are living together with someone, while only 34% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 59.9% | |
| Single: | 29.3% | |
| Common-law: | 5.6% | |
| Divorced: | 3.4% | |
| Separated: | 1.3% | |
| Widowed: | 0.4% |
