North York Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
Have an idea or suggestion on improving the North York mortgage stats page, please send us an e-mail.
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 5.92% | * 0.03% |
| 2007: | 22.37% | 0.11% |
| 2006: | 15.13% | 0.08% |
| 2005: | 15.79% | 0.08% |
| 2004: | 9.87% | 0.05% |
| 2003: | 22.37% | 0.11% |
| 2002: | 8.55% | 0.04% |
The graph below illustrates CanEquity's individual monthly volume history for Internet mortgage pre-approval applications submitted from North York, ON.
This bar graph shows the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from North York usually occur during our first quarter (represented by the brown bars) with 28.29% while our slowest is the third quarter (represented by the blue bars) with 21.71%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 13.2% | |
| 2: | June: | 12.5% | |
| 3: | March: | 11.2% | |
| 4: | September: | 9.2% | |
| 5: | November: | 8.6% | |
| 6: | October: | 8.6% | |
| 7: | May: | 7.9% | |
| 8: | December: | 7.2% | |
| 9: | August: | 6.6% | |
| 10: | July: | 5.9% | |
| 11: | April: | 5.3% | |
| 12: | February: | 4.0% |
The graph listed below plots the busy days for online applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In North York, the day with the most volume, having more than 21.71% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 8.55% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 21.7% | |
| 2: | Wednesday: | 16.4% | |
| 3: | Thursday: | 15.8% | |
| 4: | Tuesday: | 13.8% | |
| 5: | Sunday: | 12.5% | |
| 6: | Friday: | 11.2% | |
| 7: | Saturday: | 8.6% |
Mortgage applications are received 24 hours a day on the CanEquity web site. The graph shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 02:00 to 02:59: | 0.7% |
| 04:00 to 04:59: | 0.7% |
| 05:00 to 05:59: | 0.7% |
| 06:00 to 06:59: | 0.7% |
| 07:00 to 07:59: | 3.9% |
| 08:00 to 08:59: | 7.9% |
| 09:00 to 09:59: | 3.9% |
| 10:00 to 10:59: | 5.9% |
| 11:00 to 11:59: | 11.2% |
| 12:00 to 12:59: | 7.9% |
| 13:00 to 13:59: | 6.6% |
| 14:00 to 14:59: | 4.6% |
| 15:00 to 15:59: | 3.3% |
| 16:00 to 16:59: | 7.2% |
| 17:00 to 17:59: | 2.6% |
| 18:00 to 18:59: | 7.2% |
| 19:00 to 19:59: | 9.9% |
| 20:00 to 20:59: | 3.9% |
| 21:00 to 21:59: | 5.9% |
| 22:00 to 22:59: | 4.6% |
| 23:00 to 23:59: | 0.7% |
| 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% |
| Location | Contribution | |
|---|---|---|
| 015: | BRANTFORD, ON | 0.569% |
| 016: | ETOBICOKE, ON | 0.556% |
| 017: | GUELPH, ON | 0.553% |
| 018: | CAMBRIDGE, ON | 0.540% |
| 019: | RICHMOND HILL, ON | 0.533% |
| 020: | NORTH YORK, ON | 0.503% |
| 021: | KINGSTON, ON | 0.490% |
| 022: | MARKHAM, ON | 0.437% |
| 023: | PETERBOROUGH, ON | 0.381% |
| 024: | NIAGARA FALLS, ON | 0.377% |
| 025: | THUNDER BAY, ON | 0.374% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 32.9% | |
| Qualification: | 31.6% | |
| No Money Down: | 9.2% | |
| Purchase: | 6.6% | |
| Renewal: | 5.9% | |
| Refinance: | 4.6% | |
| Variable Rate: | 2.6% | |
| Pre-approval: | 2.0% | |
| Low Doc: | 1.3% | |
| Other: | 3.5% | |
| Total Application Types Found: 14 | ||
Average age: 36
Oldest age: 60
Youngest age: 19
The following depicts the average income of people living in North York who have applied for a mortgage loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in North York: | $55,821.49 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | ($562.81) |
| mortgage co-applicants in North York: | $41,526.03 |
| co-applicants within all of Canada: | $39,375.53 |
| Difference: | $2,150.50 |
The chart and pie-graph below depicts the residential status of people living in North York who have submitted an inquiry using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 69.7% | |
| Own: | 17.8% | |
| Other: | 1.3% | |
| No Comment: | 3.9% | |
| Live with parents: | 7.2% |
The following pie chart represents the marital status of applicants from North York, Ontario using the online mortgage application found on canequity.com. Over 61% of the mortgage applicants are living with someone, while only 38% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 54.6% | |
| Single: | 32.9% | |
| Common-law: | 6.6% | |
| Divorced: | 3.3% | |
| Separated: | 2.6% |
