Mississauga Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 3.24% | * 0.09% |
| 2009: | 18.38% | 0.48% |
| 2008: | 13.60% | 0.35% |
| 2007: | 13.96% | 0.36% |
| 2006: | 12.43% | 0.32% |
| 2005: | 12.07% | 0.32% |
| 2004: | 11.44% | 0.30% |
| 2003: | 9.64% | 0.25% |
| 2002: | 5.22% | 0.14% |
The graph below depicts the individual monthly volume history for Internet pre-approval applications submitted from Mississauga, ON.
This graph depicts the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Mississauga seem to occur during our first quarter (represented by the brown bars) with 29.73% while our slowest is the fourth quarter (represented by the red bars) with 21.44%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 10.6% | |
| 2: | March: | 10.3% | |
| 3: | April: | 10.1% | |
| 4: | May: | 9.4% | |
| 5: | January: | 8.8% | |
| 6: | June: | 7.8% | |
| 7: | October: | 7.7% | |
| 8: | September: | 7.6% | |
| 9: | July: | 7.2% | |
| 10: | November: | 7.1% | |
| 11: | August: | 6.8% | |
| 12: | December: | 6.7% |
The graph below shows the busy days for online inquiries that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Mississauga the busiest day of the week, with 19.10% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 8.11% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 19.1% | |
| 2: | Monday: | 19.0% | |
| 3: | Thursday: | 15.9% | |
| 4: | Wednesday: | 15.1% | |
| 5: | Sunday: | 12.0% | |
| 6: | Friday: | 10.9% | |
| 7: | Saturday: | 8.1% |
Inquiries are received 24 hours a day via the CanEquity web site. The report shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 35.9% of all mortgages are received before noon, while 62.3% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.6% |
| 01:00 to 01:59: | 0.5% |
| 02:00 to 02:59: | 0.7% |
| 03:00 to 03:59: | 0.1% |
| 04:00 to 04:59: | 0.3% |
| 05:00 to 05:59: | 0.7% |
| 06:00 to 06:59: | 3.1% |
| 07:00 to 07:59: | 5.0% |
| 08:00 to 08:59: | 4.4% |
| 09:00 to 09:59: | 7.3% |
| 10:00 to 10:59: | 7.6% |
| 11:00 to 11:59: | 7.4% |
| 12:00 to 12:59: | 7.1% |
| 13:00 to 13:59: | 7.4% |
| 14:00 to 14:59: | 6.8% |
| 15:00 to 15:59: | 4.3% |
| 16:00 to 16:59: | 5.0% |
| 17:00 to 17:59: | 4.3% |
| 18:00 to 18:59: | 5.0% |
| 19:00 to 19:59: | 7.5% |
| 20:00 to 20:59: | 6.1% |
| 21:00 to 21:59: | 4.8% |
| 22:00 to 22:59: | 3.0% |
| 23:00 to 23:59: | 0.9% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 001: | TORONTO, ON | 4.911% |
| 002: | MISSISSAUGA, ON | 2.606% |
| 003: | OTTAWA, ON | 2.411% |
| 004: | LONDON, ON | 1.599% |
| 005: | BRAMPTON, ON | 1.561% |
| 006: | HAMILTON, ON | 1.509% |
| 007: | KITCHENER, ON | 1.066% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 22.7% | |
| Qualification: | 21.2% | |
| Refinance: | 14.1% | |
| Renewal: | 13.1% | |
| Purchase: | 10.9% | |
| No Money Down: | 7.7% | |
| Variable Rate: | 3.4% | |
| Pre-approval: | 1.4% | |
| Low Doc: | 1.0% | |
| Commercial: | 0.9% | |
| Investment: | 0.9% | |
| Other: | 2.8% | |
| Total Application Types Found: 19 | ||
Average age: 38
Oldest age: 89
Youngest age: 19
The amounts below are the average income of people living in Mississauga who have applied for a loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Mississauga: | $64,955.01 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $6,372.63 |
| mortgage co-applicants in Mississauga: | $43,809.60 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | $2,583.78 |
The table and pie chart below represents the residential status of people living in Mississauga who have submitted a mortgage inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 40.6% | |
| Own: | 46.1% | |
| Other: | 2.5% | |
| No Comment: | 2.7% | |
| Live with parents: | 8.0% |
The information below shows the marital status of applicants from Mississauga, Ontario using the mortgage application found on canequity.com. In Mississauga, approximately 67% of the mortgage applicants are living common-law or married, while only 32% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 60.2% | |
| Single: | 25.6% | |
| Common-law: | 7.0% | |
| Separated: | 3.5% | |
| Divorced: | 3.3% | |
| Widowed: | 0.4% |
