Last report update for Niagara Falls: Wednesday, March 17, 2010
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Niagara Falls Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Inquiries from Niagara Falls

Year Year to Year
Comparison
** National
Contribution
2010: * 2.07% * 0.01%
2009: 12.41% 0.04%
2008: 11.03% 0.04%
2007: 13.10% 0.04%
2006: 21.38% 0.07%
2005: 19.31% 0.07%
2004: 6.90% 0.02%
2003: 6.90% 0.02%
2002: 6.90% 0.02%

Note: * These values are the percentages up to Wednesday, March 17, 2010. Estimated volume targets for the entire 2010 year are 8.97% and 0.03% respectively. ** Total national contribution of Niagara Falls mortgages in the past is currently 0.34% with a projected target of 0.36%.

Busy Months for Online Mortgages within Niagara Falls

This bar graph shows the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Niagara Falls usually occur during our third quarter (represented by the blue bars) with 31.03% while our slowest is the fourth quarter (represented by the red bars) with 16.55%.

RankMonth Percentage
of Inquiries
1: July: 12.4%
2: April: 11.0%
3: August: 11.0%
4: May: 9.7%
5: October: 9.7%
6: January: 9.0%
7: February: 8.3%
8: June: 7.6%
9: September: 7.6%
10: March: 6.9%
11: November: 3.5%
12: December: 3.5%
Busy Months Report for Niagara Falls Mortgages

Busy Days for Online Mortgages within Niagara Falls

The graph listed below displays the busy days for Internet 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 Niagara Falls the busiest day, with approximately 20.00% of all submissions, is Tuesday. In comparison, Sunday's are the slowest day with only 8.28% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Tuesday: 20.0%
2: Wednesday: 20.0%
3: Thursday: 15.2%
4: Monday: 14.5%
5: Friday: 11.0%
6: Saturday: 11.0%
7: Sunday: 8.3%
Busy Days Report for Niagara Falls Mortgages

Peak Hours for Mortgages within Niagara Falls

Inquiries are received 24 hours a day from the CanEquity web site. The report shown below represents 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: 1.4%
01:00 to 01:59: 0.7%
03:00 to 03:59: 0.7%
04:00 to 04:59: 2.8%
05:00 to 05:59: 0.7%
06:00 to 06:59: 3.4%
07:00 to 07:59: 4.1%
08:00 to 08:59: 4.8%
09:00 to 09:59: 9.7%
10:00 to 10:59: 9.0%
11:00 to 11:59: 6.2%
12:00 to 12:59: 11.0%
13:00 to 13:59: 2.8%
14:00 to 14:59: 5.5%
15:00 to 15:59: 5.5%
16:00 to 16:59: 1.4%
17:00 to 17:59: 3.4%
18:00 to 18:59: 10.3%
19:00 to 19:59: 3.4%
20:00 to 20:59: 4.1%
21:00 to 21:59: 2.8%
22:00 to 22:59: 2.8%
23:00 to 23:59: 3.4%
Peak Hours Graph for Mortgages in Niagara Falls

Note: Only hours that have had mortgages from Niagara Falls, Ontario are shown.

Ontario Mortgage Originations Compared to all other Provinces


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%
Niagara Falls Mortgages

Current City Standing within Ontario


Location Contribution
026:  PETERBOROUGH, ON 0.397%
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%

Nearest Settlements


1Welland, Ontario
2Fonthill, Ontario
3Ridgeville, Ontario
4Fenwick, Ontario
5Port Colborne, Ontario
6Wellandport, Ontario
7Niagara On The Lake, Ontario
8Lowbanks, Ontario
9St Catharines, Ontario
10Crystal Beach, Ontario
11Fort Erie, Ontario
12Ridgeway, Ontario
13Thorold, Ontario
14Stevensville, Ontario
15Caistor Centre, Ontario
16Vineland, Ontario
17St Anns, Ontario
18Smithville, Ontario
19Dunnville, Ontario
20Grimsby, Ontario


Product Popularity for Niagara Falls


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 26.9%
Qualification: 22.1%
Refinance: 17.9%
No Money Down: 10.3%
Renewal: 9.0%
Purchase: 6.9%
Variable Rate: 2.1%
Pre-approval: 1.4%
Commercial: 1.4%
Recreational: 1.4%
Other: 0.7%
 
Total Application Types Found: 11
 Niagara Falls Mortgage Product Popularity Pie Chart

Age Demographics for Niagara Falls Mortgage Applicants

Average age: 36
Oldest age: 65
Youngest age: 19


Incomes for Niagara Falls Mortgage Applicants

The figures below represent the average income of applicants living in Niagara Falls who have submitted a mortgage inquiry using the online application located at the CanEquity web site.

Average annual gross income for
mortgage applicants in Niagara Falls: $42,896.17
applicants within all of Canada: $58,582.39
Difference: ($15,686.22)
  
mortgage co-applicants in Niagara Falls: $41,736.98
co-applicants within all of Canada: $41,225.82
Difference: $511.16

Note: Commercial Mortgages were not included for this survey, only residential loans were used.

Residential Status for Niagara Falls Mortgage Applicants

The pie chart below shows the residential status of people living in Niagara Falls who have applied for a home loan using the online application located at the CanEquity web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 44.8%
Own: 41.4%
Other: 2.1%
No Comment: 4.8%
Live with parents: 6.9%
Niagara Falls Residential Status Pie Chart

Marital Statistics for Niagara Falls Mortgage Applicants

The information below shows the marital status of applicants from Niagara Falls, Ontario using the mortgage application located at canequity.com. In Niagara Falls, 57% of the mortgage applicants are either married or living common-law, while only 42% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 42.8%
Single: 33.1%
Common-law: 14.5%
Divorced: 6.2%
Separated: 3.4%
Niagara Falls Marital Status Pie Chart