Milton Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| 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% |
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%.
| Rank | Month | 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% |
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% |
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% |
| 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% |
| 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% |
| 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 | ||
Average age: 36
Oldest age: 65
Youngest age: 21
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 |
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% |
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% |
