Last report update for North Bay: Tuesday, May 13, 2008
Canada Mortgages
North Bay Mortgage
Information, Statisitics & Reports
CanEquity Mortgage - Best Mortgage Rates in CanadaMortgage Services and ProductsCompany Profile and TestimonialsMortgage News and Related ArticlesSecure Online Mortgage Pre-Approval ApplicationContact a Mortgage Broker
Canadian Mortgage Statistics


Mortgage Stats
Tell a Friend
Rate calculator

Related Links:
Bonfield
Callander
Corbeil
Field
Mattawa
Redbridge
Sturgeon Falls
Sundridge

Have an idea or suggestion on improving the North Bay mortgage stats page, please send us an e-mail.



North Bay Mortgages

Ontario Mortgage Statistics, Graphs and Charts

Map of North Bay requires Adobe Flash Player 7 or higher.

Yearly Volume Comparison for Online Mortgages from North Bay

Year Year to Year
Comparison
** National
Contribution
2008: * 6.85% * 0.02%
2007: 10.96% 0.03%
2006: 12.33% 0.03%
2005: 32.88% 0.08%
2004: 17.81% 0.04%
2003: 16.44% 0.04%
2002: 2.74% 0.01%

Note: * These values are the percentages up to Tuesday, May 13, 2008. Estimated volume targets for the entire 2008 year are 16.44% and 0.04% respectively. ** Total national contribution of North Bay mortgages in the past is currently 0.24% with a projected target of 0.27%.

Busy Months for Mortgages within North Bay

The bar graph below displays the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from North Bay occur during our first quarter (represented by the brown bars) with 38.36% while our slowest is the fourth quarter (represented by the red bars) with 15.07%.

RankMonth Percentage
of Inquiries
1: March: 15.1%
2: January: 13.7%
3: April: 12.3%
4: June: 11.0%
5: February: 9.6%
6: July: 8.2%
7: September: 8.2%
8: November: 5.5%
9: December: 5.5%
10: August: 4.1%
11: October: 4.1%
12: May: 2.7%
Busy Months Report for North Bay Mortgages

Busy Days for Mortgages within North Bay

The bar graph listed below illustrates the busy days for mortgage applications that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In North Bay the busiest day, with approximately 21.92% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 9.59% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Tuesday: 21.9%
2: Monday: 17.8%
3: Thursday: 16.4%
4: Sunday: 12.3%
5: Friday: 11.0%
6: Wednesday: 11.0%
7: Saturday: 9.6%
Busy Days Report for North Bay Mortgages

Peak Hours for Applicants within North Bay

In North Bay, applications are received 24 hours a day via the CanEquity web site. The following indicates the busy hours in the day. The data is taken from all days of all years. Only 34.2% of all mortgages are received during the morning, while 65.8% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
05:00 to 05:59: 1.4%
06:00 to 06:59: 4.1%
07:00 to 07:59: 5.5%
08:00 to 08:59: 4.1%
09:00 to 09:59: 6.8%
10:00 to 10:59: 2.7%
11:00 to 11:59: 9.6%
12:00 to 12:59: 2.7%
13:00 to 13:59: 12.3%
14:00 to 14:59: 11.0%
15:00 to 15:59: 6.8%
16:00 to 16:59: 1.4%
17:00 to 17:59: 6.8%
18:00 to 18:59: 5.5%
19:00 to 19:59: 11.0%
20:00 to 20:59: 4.1%
21:00 to 21:59: 4.1%
Peak Hours Graph for Mortgages in North Bay

Note: Only hours that have had mortgages from North Bay, Ontario are shown.

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
British Columbia: 11.48%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.78%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario 48.62%
Prince Edward Island: 0.35%
Quebec: 3.80%
Saskatchewan: 5.59%
Yukon Territories: 0.21%
North Bay Mortgages

Current City Standing within Ontario


Location Contribution
038:  ORLEANS, ON 0.262%
039:  THORNHILL, ON 0.262%
040:  WELLAND, ON 0.258%
041:  CHATHAM, ON 0.248%
042:  KANATA, ON 0.248%
043:  NORTH BAY, ON 0.242%
044:  MILTON, ON 0.238%
045:  WOODBRIDGE, ON 0.235%
046:  STONEY CREEK, ON 0.225%
047:  ST THOMAS, ON 0.212%
048:  ORILLIA, ON 0.209%

Nearest Settlements


1Corbeil, Ontario
2Redbridge, Ontario
3Bonfield, Ontario
4Sundridge, Ontario
5Sturgeon Falls, Ontario
6Callander, Ontario
7Field, Ontario
8Mattawa, Ontario


Product Popularity for North Bay


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 27.4%
Qualification: 26.0%
Refinance: 13.7%
No Money Down: 12.3%
Commercial: 8.2%
Renewal: 5.5%
Purchase: 2.7%
Equity Mortgage: 2.7%
Investment: 1.4%
 
Total Application Types Found: 9
 North Bay Mortgage Product Popularity Pie Chart

Age Demographics for North Bay Based Mortgages

Average age: 39
Oldest age: 69
Youngest age: 21


Incomes for North Bay Based Mortgages

The information below represents the average income of applicants living in North Bay who have applied for a home loan using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in North Bay: $45,226.39
applicants within all of Canada: $56,384.30
Difference: ($11,157.91)
  
mortgage co-applicants in North Bay: $43,947.06
co-applicants within all of Canada: $39,375.53
Difference: $4,571.53

Note: Commercial Mortgages were not included for this survey, only residential mortgage loans from North Bay, Ontario were used.

Residential Status for North Bay Mortgage Applicants

The table and pie chart below represents the residential status of people living in North Bay who have applied for a mortgage using the pre-approval application on CanEquity's web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 42.5%
Own: 45.2%
Other: 1.4%
No Comment: 2.7%
Live with parents: 8.2%
North Bay Residential Status Pie Chart

Marital Status for North Bay Mortgage Applicants

The information below shows the marital status of applicants from North Bay, Ontario using the mortgage application found at canequity.com. In North Bay, over 58% of the mortgage applicants are living common-law or married, while only 41% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 49.3%
Single: 27.4%
Common-law: 9.6%
Separated: 8.2%
Divorced: 5.5%
North Bay Marital Status Pie Chart