Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 11.11% | 0.01% |
| 2010: | 3.70% | 0.00% |
| 2009: | 18.52% | 0.01% |
| 2008: | 14.82% | 0.01% |
| 2007: | 18.52% | 0.01% |
| 2005: | 3.70% | 0.00% |
| 2004: | 3.70% | 0.00% |
| 2003: | 14.82% | 0.01% |
| 2002: | 11.11% | 0.01% |
The graph below illustrates the busy days for online mortgage applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Newcastle the busiest day, with 37.04% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 3.70% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 37.0% | |
| 2: | Tuesday: | 14.8% | |
| 3: | Sunday: | 14.8% | |
| 4: | Thursday: | 14.8% | |
| 5: | Wednesday: | 11.1% | |
| 6: | Friday: | 3.7% | |
| 7: | Saturday: | 3.7% |
Mortgage applications are received 24 hours a day from the CanEquity web site. The statistics shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years. Only 29.6% of all mortgages are received during the morning, while 70.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 07:00 to 07:59: | 7.4% |
| 08:00 to 08:59: | 11.1% |
| 09:00 to 09:59: | 3.7% |
| 11:00 to 11:59: | 7.4% |
| 12:00 to 12:59: | 3.7% |
| 13:00 to 13:59: | 3.7% |
| 14:00 to 14:59: | 11.1% |
| 15:00 to 15:59: | 3.7% |
| 16:00 to 16:59: | 7.4% |
| 17:00 to 17:59: | 3.7% |
| 18:00 to 18:59: | 7.4% |
| 19:00 to 19:59: | 11.1% |
| 20:00 to 20:59: | 11.1% |
| 21:00 to 21:59: | 3.7% |
| 22:00 to 22:59: | 3.7% |
| 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 | |
|---|---|---|
| 121: | ANGUS, ON | 0.051% |
| 122: | HARROW, ON | 0.051% |
| 123: | VAUGHAN, ON | 0.051% |
| 124: | GANANOQUE, ON | 0.051% |
| 125: | STURGEON FALLS, ON | 0.051% |
| 126: | NEWCASTLE, ON | 0.051% |
| 127: | PRESCOTT, ON | 0.051% |
| 128: | PEFFERLAW, ON | 0.049% |
| 129: | KAPUSKASING, ON | 0.049% |
| 130: | KENORA, ON | 0.049% |
| 131: | PORT ELGIN, ON | 0.049% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 18.5% | |
| No Money Down: | 18.5% | |
| Refinance: | 18.5% | |
| First-time Buyer: | 7.4% | |
| Second Mortgage: | 7.4% | |
| Renewal: | 7.4% | |
| Purchase: | 7.4% | |
| Commercial: | 3.7% | |
| Equity Mortgage: | 3.7% | |
| Investment: | 3.7% | |
| HELOC: | 3.7% | |
| Total Application Types Found: 11 | ||
Average age: 42
Oldest age: 86
Youngest age: 22
The information below represents the average income of Canadians living in Newcastle who have submitted an inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Newcastle: | $48,647.23 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($10,851.24) |
| mortgage co-applicants in Newcastle: | $39,068.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($3,335.13) |
The pie chart below shows the residential status of people living in Newcastle who have applied for a mortgage loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 22.2% | |
| Own: | 55.6% | |
| Other: | 7.4% | |
| No Comment: | 11.1% | |
| Live with parents: | 3.7% |
The following pie chart represents the marital status of applicants from Newcastle, Ontario using the mortgage application found at the CanEquity web site. Approximately 62% of the mortgage applicants are either married or living common-law, while only 37% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 55.6% | |
| Separated: | 18.5% | |
| Single: | 14.8% | |
| Common-law: | 7.4% | |
| Divorced: | 3.7% |
