Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 10.63% | 0.03% |
| 2010: | 9.38% | 0.03% |
| 2009: | 15.00% | 0.04% |
| 2008: | 13.75% | 0.04% |
| 2007: | 13.13% | 0.04% |
| 2006: | 9.38% | 0.03% |
| 2005: | 10.63% | 0.03% |
| 2004: | 8.75% | 0.03% |
| 2003: | 6.25% | 0.02% |
| 2002: | 3.13% | 0.01% |
The following illustrates CanEquity's individual monthly volume history for Internet pre-approval applications from Newmarket, ON.
This bar graph illustrates the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Newmarket happen to occur during our first quarter (represented by the brown bars) with 28.13% while our slowest is the fourth quarter (represented by the red bars) with 20.00%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 10.6% | |
| 2: | August: | 10.6% | |
| 3: | May: | 10.0% | |
| 4: | July: | 10.0% | |
| 5: | April: | 9.4% | |
| 6: | February: | 8.8% | |
| 7: | March: | 8.8% | |
| 8: | October: | 7.5% | |
| 9: | November: | 6.9% | |
| 10: | September: | 6.3% | |
| 11: | December: | 5.6% | |
| 12: | June: | 5.6% |
The bar graph below illustrates 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 Newmarket the most busy day of the week, with 18.13% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 6.88% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 18.1% | |
| 2: | Monday: | 17.5% | |
| 3: | Wednesday: | 16.9% | |
| 4: | Friday: | 16.3% | |
| 5: | Sunday: | 13.8% | |
| 6: | Thursday: | 10.6% | |
| 7: | Saturday: | 6.9% |
Inquiries are received 24 hours a day via the CanEquity web site. The report shown below indicates 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: | 1.3% |
| 02:00 to 02:59: | 1.9% |
| 03:00 to 03:59: | 0.6% |
| 04:00 to 04:59: | 1.3% |
| 05:00 to 05:59: | 0.6% |
| 06:00 to 06:59: | 1.9% |
| 07:00 to 07:59: | 5.6% |
| 08:00 to 08:59: | 10.0% |
| 09:00 to 09:59: | 7.5% |
| 10:00 to 10:59: | 8.8% |
| 11:00 to 11:59: | 6.9% |
| 12:00 to 12:59: | 9.4% |
| 13:00 to 13:59: | 8.1% |
| 14:00 to 14:59: | 7.5% |
| 15:00 to 15:59: | 2.5% |
| 16:00 to 16:59: | 2.5% |
| 17:00 to 17:59: | 4.4% |
| 18:00 to 18:59: | 5.6% |
| 19:00 to 19:59: | 5.6% |
| 20:00 to 20:59: | 4.4% |
| 21:00 to 21:59: | 1.3% |
| 22:00 to 22:59: | 2.5% |
| 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 | |
|---|---|---|
| 028: | WHITBY, ON | 0.383% |
| 029: | SUDBURY, ON | 0.381% |
| 030: | NIAGARA FALLS, ON | 0.334% |
| 031: | PICKERING, ON | 0.330% |
| 032: | NEPEAN, ON | 0.321% |
| 033: | NEWMARKET, ON | 0.302% |
| 034: | CORNWALL, ON | 0.285% |
| 035: | ORLEANS, ON | 0.276% |
| 036: | MILTON, ON | 0.266% |
| 037: | TIMMINS, ON | 0.264% |
| 038: | KANATA, ON | 0.262% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 19.4% | |
| Qualification: | 18.1% | |
| First-time Buyer: | 16.3% | |
| Purchase: | 13.8% | |
| Renewal: | 11.9% | |
| No Money Down: | 9.4% | |
| Pre-approval: | 3.1% | |
| Variable Rate: | 2.5% | |
| Commercial: | 1.9% | |
| Second Mortgage: | 1.3% | |
| Other: | 2.4% | |
| Total Application Types Found: 14 | ||
Average age: 37
Oldest age: 81
Youngest age: 19
The amounts below are the average income of applicants living in Newmarket who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Newmarket: | $60,995.38 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $1,496.92 |
| mortgage co-applicants in Newmarket: | $53,215.93 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $10,812.80 |
The pie chart below shows the residential status of people living in Newmarket who have applied for a mortgage using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 33.8% | |
| Own: | 55.0% | |
| Other: | 3.1% | |
| No Comment: | 1.9% | |
| Live with parents: | 6.3% |
The following table and pie chart represents the marital status of applicants from Newmarket, Ontario using the preapproval application found on canequity.com. Over 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: | 58.1% | |
| Single: | 16.9% | |
| Common-law: | 15.6% | |
| Separated: | 5.6% | |
| Divorced: | 3.8% |
