Newmarket Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 3.03% | * 0.01% |
| 2009: | 18.18% | 0.06% |
| 2008: | 16.67% | 0.05% |
| 2007: | 15.91% | 0.05% |
| 2006: | 11.36% | 0.04% |
| 2005: | 12.88% | 0.04% |
| 2004: | 10.61% | 0.03% |
| 2003: | 7.58% | 0.02% |
| 2002: | 3.79% | 0.01% |
The following illustrates the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Newmarket seem to occur during our first quarter (represented by the brown bars) with 31.06% while our slowest is the fourth quarter (represented by the red bars) with 18.94%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 12.1% | |
| 2: | August: | 11.4% | |
| 3: | May: | 10.6% | |
| 4: | July: | 9.8% | |
| 5: | March: | 9.8% | |
| 6: | February: | 9.1% | |
| 7: | November: | 6.8% | |
| 8: | October: | 6.8% | |
| 9: | September: | 6.8% | |
| 10: | June: | 6.1% | |
| 11: | December: | 5.3% | |
| 12: | April: | 5.3% |
The bar graph listed below plots the busy days for mortgage inquiries that were received by CanEquity. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Newmarket the busiest day of the week, with 18.94% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 7.58% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.9% | |
| 2: | Tuesday: | 18.9% | |
| 3: | Friday: | 17.4% | |
| 4: | Wednesday: | 16.7% | |
| 5: | Thursday: | 11.4% | |
| 6: | Sunday: | 9.1% | |
| 7: | Saturday: | 7.6% |
In Newmarket, mortgage applications are received 24 hours a day on the CanEquity web site. The following indicates the busy hours over 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: | 0.8% |
| 02:00 to 02:59: | 1.5% |
| 03:00 to 03:59: | 0.8% |
| 04:00 to 04:59: | 0.8% |
| 05:00 to 05:59: | 0.8% |
| 06:00 to 06:59: | 1.5% |
| 07:00 to 07:59: | 5.3% |
| 08:00 to 08:59: | 10.6% |
| 09:00 to 09:59: | 8.3% |
| 10:00 to 10:59: | 9.8% |
| 11:00 to 11:59: | 6.1% |
| 12:00 to 12:59: | 9.8% |
| 13:00 to 13:59: | 6.8% |
| 14:00 to 14:59: | 8.3% |
| 15:00 to 15:59: | 2.3% |
| 16:00 to 16:59: | 2.3% |
| 17:00 to 17:59: | 3.8% |
| 18:00 to 18:59: | 5.3% |
| 19:00 to 19:59: | 6.8% |
| 20:00 to 20:59: | 4.5% |
| 21:00 to 21:59: | 1.5% |
| 22:00 to 22:59: | 2.3% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 027: | WHITBY, ON | 0.378% |
| 028: | SAULT STE MARIE, ON | 0.369% |
| 029: | SUDBURY, ON | 0.359% |
| 030: | PICKERING, ON | 0.345% |
| 031: | NIAGARA FALLS, ON | 0.340% |
| 032: | NEWMARKET, ON | 0.310% |
| 033: | NEPEAN, ON | 0.303% |
| 034: | CORNWALL, ON | 0.291% |
| 035: | SARNIA, ON | 0.279% |
| 036: | THORNHILL, ON | 0.279% |
| 037: | ORLEANS, ON | 0.275% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 21.2% | |
| Qualification: | 18.2% | |
| First-time Buyer: | 17.4% | |
| Renewal: | 12.1% | |
| Purchase: | 12.1% | |
| No Money Down: | 9.1% | |
| Variable Rate: | 3.0% | |
| Pre-approval: | 2.3% | |
| Second Mortgage: | 1.5% | |
| Other: | 3.2% | |
| Total Application Types Found: 13 | ||
Average age: 37
Oldest age: 81
Youngest age: 19
The numbers below represent the average income of applicants living in Newmarket who have submitted a mortgage inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Newmarket: | $61,329.74 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $2,747.36 |
| mortgage co-applicants in Newmarket: | $47,661.38 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | $6,435.56 |
The chart and pie-graph below depicts the residential status of people living in Newmarket who have applied for a loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 31.8% | |
| Own: | 58.3% | |
| Other: | 3.0% | |
| No Comment: | 0.8% | |
| Live with parents: | 6.1% |
The following pie chart represents the marital status of applicants from Newmarket, Ontario using the mortgage preapproval application found on the CanEquity Mortgage web site. Approximately 73% of the mortgage applicants are either married or living common-law, while only 26% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 58.3% | |
| Single: | 17.4% | |
| Common-law: | 15.2% | |
| Separated: | 5.3% | |
| Divorced: | 3.8% |
