Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 8.91% | * 0.23% |
| 2009: | 17.30% | 0.45% |
| 2008: | 12.81% | 0.33% |
| 2007: | 13.15% | 0.34% |
| 2006: | 11.71% | 0.30% |
| 2005: | 11.37% | 0.29% |
| 2004: | 10.77% | 0.28% |
| 2003: | 9.07% | 0.23% |
| 2002: | 4.92% | 0.13% |
This graph depicts the individual monthly volume history for Internet pre-approval applications received from Mississauga, ON.
This graph represents 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 28.84% while our slowest is the fourth quarter (represented by the red bars) with 20.19%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 10.5% | |
| 2: | March: | 10.5% | |
| 3: | February: | 10.0% | |
| 4: | May: | 9.5% | |
| 5: | June: | 8.5% | |
| 6: | January: | 8.3% | |
| 7: | July: | 7.5% | |
| 8: | August: | 7.5% | |
| 9: | September: | 7.4% | |
| 10: | October: | 7.2% | |
| 11: | November: | 6.7% | |
| 12: | December: | 6.3% |
The bar graph below illustrates 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 Mississauga the most busy day of the week, with 18.91% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 8.31% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 18.9% | |
| 2: | Monday: | 18.8% | |
| 3: | Thursday: | 15.8% | |
| 4: | Wednesday: | 15.5% | |
| 5: | Sunday: | 11.4% | |
| 6: | Friday: | 11.2% | |
| 7: | Saturday: | 8.3% |
In Mississauga, mortgages are received 24 hours a day on our web site. The information shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years. Only 36.0% of all mortgages are received before noon, while 62.0% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.8% |
| 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: | 0.9% |
| 06:00 to 06:59: | 3.0% |
| 07:00 to 07:59: | 5.2% |
| 08:00 to 08:59: | 4.7% |
| 09:00 to 09:59: | 7.2% |
| 10:00 to 10:59: | 7.3% |
| 11:00 to 11:59: | 7.5% |
| 12:00 to 12:59: | 7.0% |
| 13:00 to 13:59: | 7.5% |
| 14:00 to 14:59: | 6.9% |
| 15:00 to 15:59: | 4.4% |
| 16:00 to 16:59: | 4.7% |
| 17:00 to 17:59: | 4.4% |
| 18:00 to 18:59: | 5.2% |
| 19:00 to 19:59: | 7.3% |
| 20:00 to 20:59: | 6.1% |
| 21:00 to 21:59: | 4.6% |
| 22:00 to 22:59: | 3.1% |
| 23:00 to 23:59: | 0.8% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.21% |
| British Columbia: | 10.79% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.19% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.60% |
| Prince Edward Island: | 0.46% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.28% |
| Location | Contribution | |
|---|---|---|
| 001: | TORONTO, ON | 4.845% |
| 002: | MISSISSAUGA, ON | 2.588% |
| 003: | OTTAWA, ON | 2.430% |
| 004: | BRAMPTON, ON | 1.565% |
| 005: | LONDON, ON | 1.561% |
| 006: | HAMILTON, ON | 1.508% |
| 007: | KITCHENER, ON | 1.047% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 23.0% | |
| Qualification: | 21.1% | |
| Refinance: | 13.9% | |
| Renewal: | 13.4% | |
| Purchase: | 10.7% | |
| No Money Down: | 7.7% | |
| Variable Rate: | 3.3% | |
| Pre-approval: | 1.4% | |
| Low Doc: | 1.0% | |
| Commercial: | 0.9% | |
| Other: | 3.6% | |
| Total Application Types Found: 19 | ||
Average age: 38
Oldest age: 89
Youngest age: 19
The following figures show the average income of people living in Mississauga who have submitted a mortgage inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Mississauga: | $65,661.22 |
| applicants within all of Canada: | $58,950.13 |
| Difference: | $6,711.09 |
| mortgage co-applicants in Mississauga: | $43,881.38 |
| co-applicants within all of Canada: | $41,517.38 |
| Difference: | $2,364.00 |
The information shown 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: | 40.2% | |
| Own: | 46.4% | |
| Other: | 2.7% | |
| No Comment: | 2.6% | |
| Live with parents: | 8.1% |
The following information represents the marital status of applicants from Mississauga, Ontario using the online mortgage application found on the CanEquity Mortgage web site. Approximately 67% of the mortgage applicants are living with someone, while only 32% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 60.3% | |
| Single: | 25.3% | |
| Common-law: | 7.3% | |
| Separated: | 3.5% | |
| Divorced: | 3.3% | |
| Widowed: | 0.3% |
