Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| 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% |
The following bar graph depicts the individual monthly volume history for Internet pre-approval applications submitted from Mississauga, ON.
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%.
| Rank | Month | 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% |
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% |
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% |
| 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 | |
|---|---|---|
| 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% |
| 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 | ||
Average age: 38
Oldest age: 89
Youngest age: 19
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 |
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% |
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% |
