North York Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 1.46% | * 0.01% |
| 2009: | 16.10% | 0.08% |
| 2008: | 12.68% | 0.06% |
| 2007: | 16.59% | 0.08% |
| 2006: | 11.22% | 0.05% |
| 2005: | 11.71% | 0.06% |
| 2004: | 7.32% | 0.04% |
| 2003: | 16.59% | 0.08% |
| 2002: | 6.34% | 0.03% |
The graph below illustrates the individual monthly volume history for Internet applications received from North York, ON.
The 6-year bar graph below displays 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 26.34% while our slowest is the fourth quarter (represented by the red bars) with 23.90%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | June: | 11.7% | |
| 2: | January: | 10.7% | |
| 3: | March: | 10.7% | |
| 4: | September: | 10.2% | |
| 5: | November: | 9.8% | |
| 6: | May: | 9.3% | |
| 7: | July: | 8.3% | |
| 8: | October: | 8.3% | |
| 9: | December: | 5.8% | |
| 10: | August: | 5.4% | |
| 11: | April: | 4.9% | |
| 12: | February: | 4.9% |
The data below shows the busy days for mortgage inquiries 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, generating 21.46% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 7.80% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 21.5% | |
| 2: | Tuesday: | 16.6% | |
| 3: | Thursday: | 16.1% | |
| 4: | Wednesday: | 13.7% | |
| 5: | Friday: | 13.2% | |
| 6: | Sunday: | 11.2% | |
| 7: | Saturday: | 7.8% |
Inquiries are received 24 hours a day on the CanEquity web site. The graph shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 34.1% of all mortgages are received before noon, while 64.9% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 0.5% |
| 02:00 to 02:59: | 0.5% |
| 04:00 to 04:59: | 1.0% |
| 05:00 to 05:59: | 0.5% |
| 06:00 to 06:59: | 1.0% |
| 07:00 to 07:59: | 3.4% |
| 08:00 to 08:59: | 7.3% |
| 09:00 to 09:59: | 4.4% |
| 10:00 to 10:59: | 6.3% |
| 11:00 to 11:59: | 10.2% |
| 12:00 to 12:59: | 7.8% |
| 13:00 to 13:59: | 6.3% |
| 14:00 to 14:59: | 5.9% |
| 15:00 to 15:59: | 4.9% |
| 16:00 to 16:59: | 5.9% |
| 17:00 to 17:59: | 3.4% |
| 18:00 to 18:59: | 6.3% |
| 19:00 to 19:59: | 9.8% |
| 20:00 to 20:59: | 2.9% |
| 21:00 to 21:59: | 4.9% |
| 22:00 to 22:59: | 5.9% |
| 23:00 to 23:59: | 1.0% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.11% |
| British Columbia: | 10.88% |
| Manitoba: | 2.10% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.90% |
| 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 | |
|---|---|---|
| 016: | ST CATHARINES, ON | 0.555% |
| 017: | BRANTFORD, ON | 0.548% |
| 018: | RICHMOND HILL, ON | 0.543% |
| 019: | ETOBICOKE, ON | 0.541% |
| 020: | KINGSTON, ON | 0.527% |
| 021: | NORTH YORK, ON | 0.482% |
| 022: | MARKHAM, ON | 0.449% |
| 023: | AJAX, ON | 0.407% |
| 024: | THUNDER BAY, ON | 0.397% |
| 025: | PETERBOROUGH, ON | 0.397% |
| 026: | WATERLOO, ON | 0.397% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 34.1% | |
| Qualification: | 27.3% | |
| No Money Down: | 11.7% | |
| Renewal: | 7.8% | |
| Purchase: | 6.8% | |
| Refinance: | 4.4% | |
| Variable Rate: | 2.4% | |
| Pre-approval: | 1.5% | |
| Low Doc: | 1.0% | |
| Equity Mortgage: | 1.0% | |
| Other: | 2% | |
| Total Application Types Found: 14 | ||
Average age: 36
Oldest age: 64
Youngest age: 19
The figures below represent the average income of applicants living in North York who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in North York: | $57,341.37 |
| applicants within all of Canada: | $58,581.24 |
| Difference: | ($1,239.87) |
| mortgage co-applicants in North York: | $44,106.28 |
| co-applicants within all of Canada: | $41,209.57 |
| Difference: | $2,896.71 |
The chart and pie-graph below depicts the residential status of people living in North York who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 69.8% | |
| Own: | 20.0% | |
| Other: | 1.0% | |
| No Comment: | 2.9% | |
| Live with parents: | 6.3% |
The following table and pie chart represents the marital status of applicants from North York, Ontario using the mortgage application located at the CanEquity web site. Over 63% of the mortgage applicants are living common-law or married, while only 36% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 55.1% | |
| Single: | 31.2% | |
| Common-law: | 8.8% | |
| Divorced: | 2.4% | |
| Separated: | 2.4% |
