Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 14.18% | 0.04% |
| 2010: | 14.18% | 0.04% |
| 2009: | 14.89% | 0.04% |
| 2008: | 8.51% | 0.02% |
| 2007: | 8.51% | 0.02% |
| 2006: | 10.64% | 0.03% |
| 2005: | 10.64% | 0.03% |
| 2004: | 10.64% | 0.03% |
| 2003: | 5.67% | 0.01% |
| 2002: | 2.13% | 0.01% |
The following depicts the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Milton usually occur during our first quarter (represented by the brown bars) with 39.72% while our slowest is the fourth quarter (represented by the red bars) with 15.60%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 17.0% | |
| 2: | March: | 12.1% | |
| 3: | February: | 10.6% | |
| 4: | April: | 9.9% | |
| 5: | August: | 9.2% | |
| 6: | June: | 8.5% | |
| 7: | October: | 7.8% | |
| 8: | July: | 6.4% | |
| 9: | September: | 6.4% | |
| 10: | December: | 5.0% | |
| 11: | May: | 4.3% | |
| 12: | November: | 2.8% |
The information below displays the busy days for online mortgage applications 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 Milton, the day with the most volume, generating 21.99% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 3.55% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 22.0% | |
| 2: | Tuesday: | 20.6% | |
| 3: | Thursday: | 17.0% | |
| 4: | Wednesday: | 14.2% | |
| 5: | Friday: | 12.1% | |
| 6: | Sunday: | 10.6% | |
| 7: | Saturday: | 3.5% |
In Milton, mortgage applications are received 24 hours a day from 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 |
|---|---|
| 00:00 to 00:59: | 1.4% |
| 01:00 to 01:59: | 0.7% |
| 02:00 to 02:59: | 0.7% |
| 05:00 to 05:59: | 0.7% |
| 06:00 to 06:59: | 2.8% |
| 07:00 to 07:59: | 2.1% |
| 08:00 to 08:59: | 5.0% |
| 09:00 to 09:59: | 9.2% |
| 10:00 to 10:59: | 9.2% |
| 11:00 to 11:59: | 7.8% |
| 12:00 to 12:59: | 6.4% |
| 13:00 to 13:59: | 9.2% |
| 14:00 to 14:59: | 8.5% |
| 15:00 to 15:59: | 5.0% |
| 16:00 to 16:59: | 5.0% |
| 17:00 to 17:59: | 5.0% |
| 18:00 to 18:59: | 7.1% |
| 19:00 to 19:59: | 4.3% |
| 20:00 to 20:59: | 3.5% |
| 21:00 to 21:59: | 2.8% |
| 22:00 to 22:59: | 2.1% |
| 23:00 to 23:59: | 1.4% |
| 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 | |
|---|---|---|
| 031: | PICKERING, ON | 0.330% |
| 032: | NEPEAN, ON | 0.321% |
| 033: | NEWMARKET, ON | 0.302% |
| 034: | CORNWALL, ON | 0.285% |
| 035: | ORLEANS, ON | 0.276% |
| 036: | MILTON, ON | 0.266% |
| 037: | TIMMINS, ON | 0.264% |
| 038: | KANATA, ON | 0.262% |
| 039: | SARNIA, ON | 0.260% |
| 040: | WOODSTOCK, ON | 0.260% |
| 041: | THORNHILL, ON | 0.253% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 19.9% | |
| Refinance: | 19.9% | |
| Qualification: | 14.9% | |
| Purchase: | 14.9% | |
| No Money Down: | 11.3% | |
| Renewal: | 11.3% | |
| Fixed Rate: | 1.4% | |
| Commercial: | 1.4% | |
| Second Mortgage: | 1.4% | |
| Home Renovation: | 1.4% | |
| Other: | 2.1% | |
| Total Application Types Found: 13 | ||
Average age: 36
Oldest age: 65
Youngest age: 21
The amounts below are the average income of Canadians living in Milton who have applied for a loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Milton: | $60,467.27 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $968.81 |
| mortgage co-applicants in Milton: | $47,685.57 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $5,282.44 |
The following depicts the residential status of people living in Milton who have applied for a mortgage loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 32.6% | |
| Own: | 52.5% | |
| Other: | 1.4% | |
| No Comment: | 2.1% | |
| Live with parents: | 11.3% |
The following pie chart represents the marital status of applicants from Milton, Ontario using the mortgage application found on the CanEquity Mortgage web site. 68% of the mortgage applicants are living together with someone, while only 31% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 53.9% | |
| Single: | 23.4% | |
| Common-law: | 14.9% | |
| Separated: | 4.3% | |
| Divorced: | 3.5% |
