Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
Disclaimer:
CanEquity Mortgage has compiled the following data for educational and informational purposes as outlined in our privacy policy. All names, street and e-mail addresses, telephone numbers, dates of birth, and other forms of identification have been removed before the following data was compiled. These statistics are anonymous and contain no personal information, and cannot be used to gather such information.
The statistics gathered are from CanEquity’s web site and do not include inquiries via fax, e-mail, contact forms, phone-ins or walk-ins. The statistics gathered represent the growing Internet usage and mortgage trends found within Canada.
All information, charts and graphs represented are deemed accurate and reliable but no warranty or guarantee is implied. Data may be noticeably affected from time to time by changes in CanEquity Mortgage marketing efforts. Data may also be affected by Internet connectivity, outages and service (or lack of) to areas within Canada. The range of data collected is from 45,000 to 65,000 mortgage applicants from across Canada. All data has a deviation of +/- 1.00% for added anonymity. No statistic contained herein represents a single person.
This information may be used freely for educational or non-commercial use. For more information about this service, please e-mail marketing@canequity.com. Copyright © 2001-2010 CEG Research, The Canadian Equity Group Inc.
| Year | Volume Comparison | ** National Contribution |
|---|---|---|
| 2011: | 10.52% | 5.06% |
| 2010: | 11.19% | 5.38% |
| 2009: | 14.19% | 6.82% |
| 2008: | 11.64% | 5.59% |
| 2007: | 10.55% | 5.07% |
| 2006: | 10.81% | 5.20% |
| 2005: | 9.80% | 4.71% |
| 2004: | 9.36% | 4.50% |
| 2003: | 8.03% | 3.86% |
| 2002: | 3.92% | 1.89% |
The graph below displays the individual monthly volume history for Internet mortgage pre-approval applications originating from Ontario.
This bar graph depicts the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our first quarter (represented by the brown bars) with 28.85% while our slowest is the fourth quarter (represented by the red bars) with 19.66%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 10.6% | |
| 2: | April: | 9.8% | |
| 3: | January: | 9.2% | |
| 4: | May: | 9.1% | |
| 5: | February: | 9.1% | |
| 6: | July: | 8.4% | |
| 7: | June: | 8.2% | |
| 8: | August: | 8.1% | |
| 9: | September: | 7.9% | |
| 10: | October: | 7.7% | |
| 11: | November: | 6.8% | |
| 12: | December: | 5.2% |
The bar graph below displays the busy days for Internet applications that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Ontario the busiest day of the week, with 18.12% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 9.22% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 18.1% | |
| 2: | Monday: | 18.1% | |
| 3: | Wednesday: | 16.7% | |
| 4: | Thursday: | 14.7% | |
| 5: | Friday: | 12.2% | |
| 6: | Sunday: | 11.1% | |
| 7: | Saturday: | 9.2% |
In Ontario, inquiries are received 24 hours a day from our web site. The information shown below represents the rush hours within a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.6% |
| 01:00 to 01:59: | 0.4% |
| 02:00 to 02:59: | 0.3% |
| 03:00 to 03:59: | 0.4% |
| 04:00 to 04:59: | 0.7% |
| 05:00 to 05:59: | 1.4% |
| 06:00 to 06:59: | 2.9% |
| 07:00 to 07:59: | 5.0% |
| 08:00 to 08:59: | 6.5% |
| 09:00 to 09:59: | 7.2% |
| 10:00 to 10:59: | 7.5% |
| 11:00 to 11:59: | 7.2% |
| 12:00 to 12:59: | 7.2% |
| 13:00 to 13:59: | 6.8% |
| 14:00 to 14:59: | 6.6% |
| 15:00 to 15:59: | 5.3% |
| 16:00 to 16:59: | 5.0% |
| 17:00 to 17:59: | 5.5% |
| 18:00 to 18:59: | 5.9% |
| 19:00 to 19:59: | 5.6% |
| 20:00 to 20:59: | 5.0% |
| 21:00 to 21:59: | 3.6% |
| 22:00 to 22:59: | 2.1% |
| 23:00 to 23:59: | 1.2% |
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 43.6% |
| British Columbia: | 22.0% |
| Manitoba: | 4.3% |
| New Brunswick: | 5.1% |
| Newfoundland and Labrador: | 2.6% |
| Nova Scotia: | 6.8% |
| Northwest Territories: | 0.8% |
| Nunavut: | 0.2% |
| Ontario: | 100.0% |
| Prince Edward Island: | 1.1% |
| Quebec: | 8.3% |
| Saskatchewan: | 10.3% |
| Yukon Territories: | 0.8% |
| City or Town within the province of Ontario | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Home Loan | |
|---|---|---|---|---|---|---|
| 001: | TORONTO, ON | 9.529% | 37 | $72,499.41 | $52,532.78 | $261,813.06 |
| 002: | MISSISSAUGA, ON | 5.124% | 38 | $65,528.08 | $44,445.34 | $231,388.57 |
| 003: | OTTAWA, ON | 4.704% | 37 | $65,015.12 | $48,648.26 | $206,456.68 |
| 004: | LONDON, ON | 3.216% | 37 | $53,164.51 | $40,953.31 | $158,323.73 |
| 005: | BRAMPTON, ON | 3.106% | 38 | $56,701.86 | $40,711.47 | $199,497.08 |
| 006: | HAMILTON, ON | 3.063% | 37 | $52,143.00 | $37,501.31 | $151,073.48 |
| 007: | KITCHENER, ON | 2.179% | 36 | $56,576.62 | $45,098.60 | $179,938.06 |
| 008: | SCARBOROUGH, ON | 1.841% | 38 | $55,579.20 | $40,092.94 | $223,435.79 |
| 009: | BARRIE, ON | 1.712% | 36 | $55,525.37 | $37,258.22 | $172,722.99 |
| 010: | WINDSOR, ON | 1.673% | 36 | $56,209.75 | $41,347.12 | $128,785.06 |
| 011: | BURLINGTON, ON | 1.645% | 39 | $69,351.40 | $45,730.23 | $202,234.98 |
| 012: | GUELPH, ON | 1.417% | 36 | $57,029.07 | $40,595.06 | $198,656.63 |
| 013: | OAKVILLE, ON | 1.394% | 40 | $76,954.22 | $47,652.65 | $226,710.71 |
| 014: | CAMBRIDGE, ON | 1.335% | 37 | $56,114.36 | $39,129.40 | $178,022.41 |
| 015: | OSHAWA, ON | 1.304% | 38 | $54,822.80 | $41,904.27 | $152,962.26 |
| 016: | ST CATHARINES, ON | 1.123% | 36 | $51,453.13 | $35,811.40 | $152,147.05 |
| 017: | ETOBICOKE, ON | 1.099% | 37 | $56,099.38 | $42,319.06 | $227,375.88 |
| 018: | BRANTFORD, ON | 1.072% | 36 | $49,873.77 | $33,901.12 | $150,566.52 |
| 019: | RICHMOND HILL, ON | 1.064% | 39 | $70,735.30 | $55,285.02 | $221,550.20 |
| 020: | NORTH YORK, ON | 1.060% | 37 | $58,763.35 | $49,692.87 | $267,067.75 |
| 021: | KINGSTON, ON | 1.056% | 38 | $56,119.47 | $44,307.81 | $175,564.50 |
| 022: | MARKHAM, ON | 0.911% | 37 | $67,715.82 | $50,073.93 | $235,920.43 |
| 023: | SAULT STE MARIE, ON | 0.891% | 37 | $46,894.28 | $41,565.99 | $120,908.15 |
| 024: | WATERLOO, ON | 0.880% | 37 | $60,941.07 | $41,666.65 | $214,077.52 |
| 025: | PETERBOROUGH, ON | 0.840% | 37 | $51,090.03 | $45,954.55 | $148,313.62 |
| 026: | AJAX, ON | 0.836% | 39 | $67,309.52 | $42,123.89 | $194,550.77 |
| 027: | THUNDER BAY, ON | 0.813% | 37 | $53,231.26 | $39,934.87 | $109,245.34 |
| 028: | WHITBY, ON | 0.797% | 38 | $63,199.14 | $52,168.24 | $165,719.31 |
| 029: | SUDBURY, ON | 0.793% | 36 | $63,005.35 | $37,568.36 | $152,151.74 |
| 030: | NIAGARA FALLS, ON | 0.695% | 36 | $43,193.23 | $39,552.70 | $143,511.96 |
| 031: | PICKERING, ON | 0.687% | 39 | $65,338.42 | $53,775.46 | $177,953.14 |
| 032: | NEPEAN, ON | 0.667% | 38 | $60,395.07 | $43,570.35 | $190,858.13 |
| 033: | NEWMARKET, ON | 0.628% | 37 | $60,995.38 | $53,215.93 | $205,886.54 |
| 034: | CORNWALL, ON | 0.593% | 36 | $44,785.66 | $25,318.29 | $128,604.52 |
| 035: | ORLEANS, ON | 0.573% | 40 | $62,308.24 | $48,246.95 | $168,812.28 |
| 036: | MILTON, ON | 0.554% | 36 | $60,467.27 | $47,685.57 | $206,740.43 |
| 037: | TIMMINS, ON | 0.550% | 35 | $57,407.19 | $38,541.70 | $149,336.64 |
| 038: | KANATA, ON | 0.546% | 40 | $69,882.34 | $54,507.92 | $176,522.51 |
| 039: | SARNIA, ON | 0.542% | 38 | $52,224.53 | $34,258.65 | $124,312.57 |
| 040: | WOODSTOCK, ON | 0.542% | 37 | $55,923.64 | $43,318.25 | $148,712.59 |
| 041: | THORNHILL, ON | 0.526% | 41 | $83,280.34 | $48,769.00 | $266,023.25 |
| 042: | BELLEVILLE, ON | 0.506% | 37 | $47,219.23 | $30,036.77 | $155,624.00 |
| 043: | WELLAND, ON | 0.506% | 39 | $44,289.52 | $32,808.67 | $111,576.83 |
| 044: | NORTH BAY, ON | 0.491% | 38 | $47,806.88 | $39,509.57 | $141,630.35 |
| 045: | STONEY CREEK, ON | 0.483% | 40 | $55,836.95 | $43,609.79 | $175,502.47 |
| 046: | WOODBRIDGE, ON | 0.452% | 36 | $68,139.92 | $52,761.10 | $259,600.39 |
| 047: | CHATHAM, ON | 0.440% | 36 | $45,618.61 | $34,891.31 | $99,867.59 |
| 048: | ORILLIA, ON | 0.432% | 38 | $41,833.54 | $34,537.20 | $151,749.77 |
| 049: | ST THOMAS, ON | 0.385% | 38 | $49,148.18 | $36,468.44 | $134,309.44 |
| 050: | AURORA, ON | 0.377% | 39 | $69,851.27 | $56,111.40 | $211,653.03 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 20.9% | |
| First-time Buyer: | 19.1% | |
| Refinance: | 16.2% | |
| No Money Down: | 11.8% | |
| Renewal: | 11.4% | |
| Purchase: | 10.9% | |
| Variable Rate: | 1.9% | |
| Commercial: | 1.7% | |
| Pre-approval: | 1.6% | |
| Low Doc: | 1.1% | |
| Other: | 3.3% | |
| Total Application Types Found: 24 | ||
Average age: 38
Oldest age: 89
Youngest age: 19
The following figures show the average income of Canadians living in Ontario who have submitted a mortgage inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Ontario: | $59,498.59 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $0.12 |
| mortgage co-applicants in Ontario: | $43,409.75 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $1,006.62 |
The information shown below represents the residential status of people living in Ontario who have applied for a mortgage using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 41.5% | |
| Own: | 47.4% | |
| Other: | 2.2% | |
| No Comment: | 2.7% | |
| Live with parents: | 6.1% |
The following pie chart represents the marital status of applicants from Ontario using the preapproval application located at canequity.com. Over 63% of the mortgage applicants are either married or living common-law, while only 35% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.1% | |
| Single: | 27.1% | |
| Common-law: | 13.4% | |
| Separated: | 4.7% | |
| Divorced: | 3.9% | |
| Widowed: | 0.8% |
