Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Mississauga: Wednesday, February 1, 2012   
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Mississauga Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Originating from Mississauga

Year Year to Year
Comparison
** National
Contribution
2011: 7.51% 0.19%
2010: 10.19% 0.25%
2009: 15.63% 0.39%
2008: 11.57% 0.28%
2007: 11.88% 0.29%
2006: 10.57% 0.26%
2005: 10.27% 0.25%
2004: 9.73% 0.24%
2003: 8.20% 0.20%
2002: 4.44% 0.11%

Note: ** Total national contribution of Mississauga mortgages in the past is currently 2.46% with a projected target of 2.46%.

Monthly Volume History for Mortgages from Mississauga

The following bar graph depicts the individual monthly volume history for Internet pre-approval applications submitted from Mississauga, ON.


Monthly Volume Report for Mississauga Mortgages

Busy Months for Mortgage Applications within Mississauga

The following bar graph illustrates the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Mississauga usually occur during our first quarter (represented by the brown bars) with 27.97% while our slowest is the fourth quarter (represented by the red bars) with 21.69%.

RankMonth Percentage
of Inquiries
1: April: 10.3%
2: March: 10.3%
3: February: 9.6%
4: May: 8.8%
5: June: 8.7%
6: January: 8.1%
7: August: 7.8%
8: October: 7.7%
9: July: 7.4%
10: September: 7.3%
11: November: 7.1%
12: December: 6.8%
Busy Months Report for Mississauga Mortgages

Busy Days for Mortgage Applications within Mississauga

The graph below displays the busy days for mortgage applications that were received by the CanEquity 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 18.93% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 8.58% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 18.9%
2: Tuesday: 18.9%
3: Thursday: 15.6%
4: Wednesday: 15.5%
5: Sunday: 11.3%
6: Friday: 11.2%
7: Saturday: 8.6%
Busy Days Report for Mississauga Mortgages

Peak Hours for Mortgage Applicants within Mississauga

Inquiries are received 24 hours a day on the CanEquity web site. The following represents the peak hours within a 24-hour period. The data is taken from all days of all years. Only 36.9% of all mortgages are received before noon, while 61.1% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 0.8%
01:00 to 01:59: 0.6%
02:00 to 02:59: 0.7%
03:00 to 03:59: 0.2%
04:00 to 04:59: 0.5%
05:00 to 05:59: 1.0%
06:00 to 06:59: 2.9%
07:00 to 07:59: 5.1%
08:00 to 08:59: 4.8%
09:00 to 09:59: 7.3%
10:00 to 10:59: 7.4%
11:00 to 11:59: 7.7%
12:00 to 12:59: 7.0%
13:00 to 13:59: 7.4%
14:00 to 14:59: 6.5%
15:00 to 15:59: 4.4%
16:00 to 16:59: 4.6%
17:00 to 17:59: 4.8%
18:00 to 18:59: 5.3%
19:00 to 19:59: 7.0%
20:00 to 20:59: 5.7%
21:00 to 21:59: 4.4%
22:00 to 22:59: 3.0%
23:00 to 23:59: 0.9%
Peak Hours Graph for Mortgages in Mississauga

Ontario Mortgage Originations Compared to all other Provinces


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%
Mississauga Mortgages

Current City Standing within Ontario


Location Contribution
001:  TORONTO, ON 4.581%
002:  MISSISSAUGA, ON 2.463%
003:  OTTAWA, ON 2.261%
004:  LONDON, ON 1.546%
005:  BRAMPTON, ON 1.493%
006:  HAMILTON, ON 1.472%
007:  KITCHENER, ON 1.048%

Nearest Settlements


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54New Dundee, Ontario
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Product Popularity for Mississauga


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 21.7%
Qualification: 20.0%
Refinance: 13.8%
Renewal: 13.3%
Purchase: 12.3%
No Money Down: 7.7%
Variable Rate: 3.0%
Commercial: 2.3%
Pre-approval: 1.4%
Low Doc: 1.0%
Other: 3.7%
 
Total Application Types Found: 21
 Mississauga Mortgage Product Popularity Pie Chart

Age Demographics for Mississauga Mortgage Applicants

Average age: 38
Oldest age: 89
Youngest age: 19


Incomes for Mississauga Mortgage Applicants

The figures below represent 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: $65,528.08
applicants within all of Canada: $59,498.47
Difference: $6,029.62
  
mortgage co-applicants in Mississauga: $44,445.34
co-applicants within all of Canada: $42,403.13
Difference: $2,042.21

Note: Commercial Mortgages were not included for this section, only residential mortgages were used.

Residential Status for Mississauga Applicants

The pie chart below shows the residential status of people living in Mississauga who have submitted an inquiry using the CanEquity mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 39.5%
Own: 46.1%
Other: 2.8%
No Comment: 3.0%
Live with parents: 8.6%
Mississauga Residential Status Pie Chart

Marital Status for Mississauga Applicants

The following information represents the marital status of applicants from Mississauga, Ontario using the mortgage application found on the CanEquity Mortgage web site. Approximately 67% of the mortgage applicants are living common-law or married, while only 32% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 60.1%
Single: 25.1%
Common-law: 7.4%
Separated: 3.8%
Divorced: 3.4%
Widowed: 0.3%
Mississauga Marital Status Pie Chart