Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 7.04% | 0.05% |
| 2010: | 13.24% | 0.09% |
| 2009: | 12.11% | 0.08% |
| 2008: | 14.09% | 0.09% |
| 2007: | 10.14% | 0.07% |
| 2006: | 15.21% | 0.10% |
| 2005: | 8.17% | 0.06% |
| 2004: | 9.58% | 0.06% |
| 2003: | 6.76% | 0.04% |
| 2002: | 3.66% | 0.03% |
The graph below depicts the individual monthly volume history for Internet mortgage applications sent from Oakville, ON.
The bar graph below displays the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Oakville happen to occur during our first quarter (represented by the brown bars) with 32.39% while our slowest is the fourth quarter (represented by the red bars) with 18.03%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 12.1% | |
| 2: | April: | 10.7% | |
| 3: | January: | 10.1% | |
| 4: | February: | 10.1% | |
| 5: | May: | 9.6% | |
| 6: | September: | 9.0% | |
| 7: | November: | 7.3% | |
| 8: | August: | 7.3% | |
| 9: | June: | 6.8% | |
| 10: | October: | 6.5% | |
| 11: | July: | 6.2% | |
| 12: | December: | 4.2% |
The data below plots the busy days for mortgage applications that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Oakville the most busy day of the week, with 18.87% of all inquiries, is Wednesday. In comparison, Saturday's are the slowest day with only 6.76% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 18.9% | |
| 2: | Thursday: | 17.8% | |
| 3: | Tuesday: | 17.5% | |
| 4: | Monday: | 15.2% | |
| 5: | Friday: | 13.0% | |
| 6: | Sunday: | 11.0% | |
| 7: | Saturday: | 6.8% |
Mortgage applications are received 24 hours a day via the CanEquity web site. The following indicates the rush 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: | 0.6% |
| 01:00 to 01:59: | 0.3% |
| 02:00 to 02:59: | 0.6% |
| 04:00 to 04:59: | 0.6% |
| 05:00 to 05:59: | 0.8% |
| 06:00 to 06:59: | 2.3% |
| 07:00 to 07:59: | 6.5% |
| 08:00 to 08:59: | 5.6% |
| 09:00 to 09:59: | 9.0% |
| 10:00 to 10:59: | 9.9% |
| 11:00 to 11:59: | 6.5% |
| 12:00 to 12:59: | 4.8% |
| 13:00 to 13:59: | 7.3% |
| 14:00 to 14:59: | 7.0% |
| 15:00 to 15:59: | 7.3% |
| 16:00 to 16:59: | 3.7% |
| 17:00 to 17:59: | 3.9% |
| 18:00 to 18:59: | 5.6% |
| 19:00 to 19:59: | 5.6% |
| 20:00 to 20:59: | 5.1% |
| 21:00 to 21:59: | 3.1% |
| 22:00 to 22:59: | 2.5% |
| 23:00 to 23:59: | 1.4% |
| 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 | |
|---|---|---|
| 008: | SCARBOROUGH, ON | 0.885% |
| 009: | BARRIE, ON | 0.823% |
| 010: | WINDSOR, ON | 0.804% |
| 011: | BURLINGTON, ON | 0.791% |
| 012: | GUELPH, ON | 0.681% |
| 013: | OAKVILLE, ON | 0.670% |
| 014: | CAMBRIDGE, ON | 0.642% |
| 015: | OSHAWA, ON | 0.627% |
| 016: | ST CATHARINES, ON | 0.540% |
| 017: | ETOBICOKE, ON | 0.529% |
| 018: | BRANTFORD, ON | 0.515% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 20.8% | |
| Qualification: | 18.9% | |
| Refinance: | 16.1% | |
| First-time Buyer: | 13.8% | |
| Purchase: | 11.3% | |
| No Money Down: | 8.7% | |
| Variable Rate: | 2.3% | |
| Investment: | 2.0% | |
| Low Doc: | 1.4% | |
| Other: | 4.8% | |
| Total Application Types Found: 18 | ||
Average age: 40
Oldest age: 76
Youngest age: 20
The amounts shown below represent the average income of applicants living in Oakville who have applied for a loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Oakville: | $76,954.22 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $17,455.76 |
| mortgage co-applicants in Oakville: | $47,652.65 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $5,249.52 |
The table and pie chart below represents the residential status of people living in Oakville who have applied for a mortgage using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 26.2% | |
| Own: | 59.7% | |
| Other: | 2.3% | |
| No Comment: | 2.0% | |
| Live with parents: | 9.9% |
The following table and pie chart represents the marital status of applicants from Oakville, Ontario using the mortgage preapproval application found on canequity.com. In Oakville, 64% of the mortgage applicants are living with someone, while only 35% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 60.8% | |
| Single: | 26.2% | |
| Separated: | 5.4% | |
| Divorced: | 3.7% | |
| Common-law: | 3.4% | |
| Widowed: | 0.6% |
