Last report update for Midland: Tuesday, May 13, 2008
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Midland Mortgage
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Midland Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Originating from Midland

Year Year to Year
Comparison
** National
Contribution
2008: * 7.69% * 0.01%
2007: 19.23% 0.02%
2006: 15.39% 0.01%
2005: 7.69% 0.01%
2004: 19.23% 0.02%
2003: 23.08% 0.02%
2002: 7.69% 0.01%

Note: * These values are the percentages up to Tuesday, May 13, 2008. Estimated volume targets for the entire 2008 year are 19.23% and 0.02% respectively. ** Total national contribution of Midland mortgages in the past is currently 0.09% with a projected target of 0.10%.

Busy Days for Online Mortgages within Midland

The information listed below plots the busy days for online inquiries that were received by the CanEquity web site. Each day is a representation of the combined 6-year total of all instances of that day. In Midland the busiest day, with approximately 26.92% of all inquiries, is Thursday. In comparison, Saturday's are the slowest day with only 7.69% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Thursday: 26.9%
2: Wednesday: 19.2%
3: Monday: 15.4%
4: Tuesday: 11.5%
5: Sunday: 11.5%
6: Friday: 7.7%
7: Saturday: 7.7%
Busy Days Report for Midland Mortgages

Peak Hours for Mortgage Applicants within Midland

Midland mortgage applications are received 24 hours a day on the CanEquity 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. Only 30.8% of all mortgages are received during the morning, while 65.4% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
02:00 to 02:59: 3.8%
04:00 to 04:59: 3.8%
06:00 to 06:59: 3.8%
07:00 to 07:59: 3.8%
09:00 to 09:59: 7.7%
10:00 to 10:59: 3.8%
11:00 to 11:59: 7.7%
12:00 to 12:59: 11.5%
13:00 to 13:59: 7.7%
14:00 to 14:59: 7.7%
15:00 to 15:59: 11.5%
16:00 to 16:59: 7.7%
17:00 to 17:59: 3.8%
18:00 to 18:59: 3.8%
20:00 to 20:59: 3.8%
23:00 to 23:59: 7.7%
Peak Hours Graph for Mortgages in Midland

Note: Only hours that have had mortgages from Midland, Ontario are shown.

Ontario Mortgage Originations Compared to all other Provinces


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%
Midland Mortgages

Current City Standing within Ontario


Location Contribution
080:  SIMCOE, ON 0.093%
081:  GLOUCESTER, ON 0.089%
082:  LEAMINGTON, ON 0.089%
083:  WATERDOWN, ON 0.089%
084:  FERGUS, ON 0.086%
085:  MIDLAND, ON 0.086%
086:  ANCASTER, ON 0.083%
087:  PORT PERRY, ON 0.079%
088:  PEMBROKE, ON 0.079%
089:  PORT COLBORNE, ON 0.076%
090:  INGERSOLL, ON 0.076%

Nearest Settlements


1Wasaga Beach, Ontario
2Penetanguishene, Ontario
3Waubaushene, Ontario
4Elmvale, Ontario
5Collingwood, Ontario
6Moonstone, Ontario
7Perkinsfield, Ontario
8Hawkestone, Ontario
9Barrie, Ontario
10Shanty Bay, Ontario
11Port Mcnicoll, Ontario
12Coldwater, Ontario
13Victoria Harbour, Ontario
14Warminister, Ontario
15Utopia, Ontario
16Willow Beach, Ontario
17New Lowell, Ontario
18Midhurst, Ontario
19Orillia, Ontario
20Ashburn, Ontario
21Innisfil, Ontario
22Churchill, Ontario
23Keswick, Ontario
24Gilford, Ontario
25Sutton, Ontario
26Stayner, Ontario
27Angus, Ontario
28Sandford, Ontario
29Mount Albert, Ontario
30Beeton, Ontario
31Alliston, Ontario
32Pefferlaw, Ontario
33Baldwin, Ontario
34Holland Landing, Ontario
35Borden, Ontario
36Uxbridge, Ontario
37Beaverton, Ontario
38Jacksons Point, Ontario
39Brooklin, Ontario
40Everett, Ontario
41Badjeros, Ontario
42Woodville, Ontario
43Lisle, Ontario
44Sutton West, Ontario
45Loretto, Ontario


Product Popularity for Midland


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 38.5%
Qualification: 23.1%
First-time Buyer: 15.4%
Purchase: 11.5%
Renewal: 3.8%
No Money Down: 3.8%
Short Term Open: 3.8%
 
Total Application Types Found: 7
 Midland Mortgage Product Popularity Pie Chart

Age Demographics for Midland Mortgages

Average age: 38
Oldest age: 51
Youngest age: 26


Incomes for Midland Mortgages

The amounts below are the average income of people living in Midland who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.

Average annual gross income for
mortgage applicants in Midland: $56,274.04
applicants within all of Canada: $56,384.30
Difference: ($110.26)
  
mortgage co-applicants in Midland: $29,148.57
co-applicants within all of Canada: $39,375.53
Difference: ($10,226.96)

Note: Commercial Mortgages were not included for this report, only residential mortgage loans were used.

Residential Status for Midland Mortgages

The information below represents the residential status of people living in Midland who have submitted an inquiry using CanEquity's online mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 38.5%
Own: 50.0%
No Comment: 7.7%
Live with parents: 3.8%
Midland Residential Status Pie Chart

Marital Statistics for Midland Mortgages

The following information represents the marital status of applicants from Midland, Ontario using the mortgage preapproval application found at canequity.com. Approximately 57% of the mortgage applicants are either married or living common-law, while only 34% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 38.5%
Common-law: 19.2%
Separated: 15.4%
Single: 11.5%
Divorced: 7.7%
Widowed: 7.7%
Midland Marital Status Pie Chart