Last report update for Milton: Tuesday, May 13, 2008
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Milton Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Applications from Milton

Year Year to Year
Comparison
** National
Contribution
2008: * 5.56% * 0.01%
2007: 16.67% 0.04%
2006: 20.83% 0.05%
2005: 20.83% 0.05%
2004: 20.83% 0.05%
2003: 11.11% 0.03%
2002: 4.17% 0.01%

Note: * These values are the percentages up to Tuesday, May 13, 2008. Estimated volume targets for the entire 2008 year are 13.89% and 0.03% respectively. ** Total national contribution of Milton mortgages in the past is currently 0.24% with a projected target of 0.26%.

Busy Months for Online Applications within Milton

The following illustrates the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Milton mostly occur during our first quarter (represented by the brown bars) with 41.67% while our slowest is the fourth quarter (represented by the red bars) with 15.28%.

RankMonth Percentage
of Inquiries
1: January: 18.1%
2: March: 13.9%
3: April: 9.7%
4: February: 9.7%
5: August: 9.7%
6: December: 8.3%
7: July: 6.9%
8: June: 6.9%
9: September: 6.9%
10: October: 4.2%
11: November: 2.8%
12: May: 2.8%
Busy Months Report for Milton Mortgages

Busy Days for Applications within Milton

The information listed below displays the busy days for online inquiries that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Milton the busiest day, with approximately 23.61% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 5.56% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 23.6%
2: Thursday: 19.4%
3: Wednesday: 18.1%
4: Tuesday: 13.9%
5: Friday: 11.1%
6: Sunday: 8.3%
7: Saturday: 5.6%
Busy Days Report for Milton Mortgages

Peak Hours for Mortgage Applicants within Milton

Mortgage applications are received 24 hours a day via the CanEquity web site. The information shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years.


Time Period
(24 Hour)
Percentage
of Inquiries
01:00 to 01:59: 1.4%
02:00 to 02:59: 1.4%
05:00 to 05:59: 1.4%
06:00 to 06:59: 4.2%
07:00 to 07:59: 2.8%
08:00 to 08:59: 4.2%
09:00 to 09:59: 11.1%
10:00 to 10:59: 5.6%
11:00 to 11:59: 9.7%
12:00 to 12:59: 5.6%
13:00 to 13:59: 9.7%
14:00 to 14:59: 6.9%
15:00 to 15:59: 6.9%
16:00 to 16:59: 8.3%
17:00 to 17:59: 5.6%
18:00 to 18:59: 5.6%
19:00 to 19:59: 4.2%
20:00 to 20:59: 2.8%
21:00 to 21:59: 2.8%
Peak Hours Graph for Mortgages in Milton

Note: Only hours that have had mortgages from Milton, 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%
Milton Mortgages

Current City Standing within Ontario


Location Contribution
039:  THORNHILL, ON 0.262%
040:  WELLAND, ON 0.258%
041:  CHATHAM, ON 0.248%
042:  KANATA, ON 0.248%
043:  NORTH BAY, ON 0.242%
044:  MILTON, ON 0.238%
045:  WOODBRIDGE, ON 0.235%
046:  STONEY CREEK, ON 0.225%
047:  ST THOMAS, ON 0.212%
048:  ORILLIA, ON 0.209%
049:  TIMMINS, ON 0.192%

Nearest Settlements


1Puslinch, Ontario
2Campbellville, Ontario
3Guelph, Ontario
4Kitchener, Ontario
5Freelton, Ontario
6Acton, Ontario
7Cambridge, Ontario
8Fergus, Ontario
9Burlington, Ontario
10Mississauga, Ontario
11Georgetown, Ontario
12Millgrove, Ontario
13Erin, Ontario
14Ayr, Ontario
15York, Ontario
16Etobicoke, Ontario
17Waterdown, Ontario
18Elmira, Ontario
19Oakville, Ontario
20Waterloo, Ontario
21Halton Hills, Ontario
22Rockwood, Ontario
23Scarborough, Ontario
24Kleinburg, Ontario
25Princeton, Ontario
26Cheltenham, Ontario
27Lynden, Ontario
28St George, Ontario
29Elora, Ontario
30Thornhill, Ontario
31Toronto, Ontario
32Dundas, Ontario
33Willowdale, Ontario
34Alton, Ontario
35Baden, Ontario
36Copetown, Ontario
37Hillsburgh, Ontario
38Ancaster, Ontario
39Don Mills, Ontario
40East York, Ontario
41North York, Ontario
42Hamilton, Ontario
43Wellesley, Ontario
44Vaughan, Ontario
45Brampton, Ontario
46Millbank, Ontario
47Listowel, Ontario
48Downsview, Ontario
49Bright, Ontario
50Salem, Ontario
51Bolton, Ontario
52Stoney Creek, Ontario
53Burford, Ontario
54Unionville, Ontario
55Concord, Ontario
56Centre Wellington, Ontario
57Shakespeare, Ontario
58Woodbridge, Ontario
59New Hamburg, Ontario
60Brantford, Ontario
61Schomberg, Ontario
62Palgrave, Ontario
63Innerkip, Ontario
64Caledonia, Ontario
65Tavistock, Ontario
66St George Brant, Ontario
67Arthur, Ontario
68Paris, Ontario
69Orangeville, Ontario


Product Popularity for Milton


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 26.4%
First-time Buyer: 20.8%
No Money Down: 13.9%
Renewal: 9.7%
Purchase: 9.7%
Qualification: 8.3%
Commercial: 2.8%
Fixed Rate: 1.4%
Low Doc: 1.4%
Pre-approval: 1.4%
Second Mortgage: 1.4%
Home Renovation: 1.4%
Variable Rate: 1.4%
 
Total Application Types Found: 13
 Milton Mortgage Product Popularity Pie Chart

Age Demographics for Milton Mortgage Applicants

Average age: 36
Oldest age: 65
Youngest age: 21


Incomes for Milton Mortgage Applicants

The amounts below are the average income of Canadians living in Milton who have submitted a mortgage inquiry using CanEquity's online mortgage application.

Average annual gross income for
mortgage applicants in Milton: $57,424.80
applicants within all of Canada: $56,384.30
Difference: $1,040.50
  
mortgage co-applicants in Milton: $46,696.30
co-applicants within all of Canada: $39,375.53
Difference: $7,320.76

Note: Commercial loans were not included for this section, only residential loans from Milton, Ontario were used.

Residential Status for Milton Mortgage Applicants

The pie chart below shows the residential status of people living in Milton who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 25.0%
Own: 56.9%
Other: 1.4%
No Comment: 4.2%
Live with parents: 12.5%
Milton Residential Status Pie Chart

Marital Status for Milton Mortgage Applicants

The following table and pie chart represents the marital status of applicants from Milton, Ontario using the mortgage application found on the CanEquity Mortgage web site. 66% of the mortgage applicants are living with someone, while only 33% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 58.3%
Single: 26.4%
Common-law: 8.3%
Divorced: 4.2%
Separated: 2.8%
Milton Marital Status Pie Chart