Oakville Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 10.80% | * 0.08% |
| 2007: | 16.90% | 0.12% |
| 2006: | 25.35% | 0.18% |
| 2005: | 13.62% | 0.10% |
| 2004: | 15.96% | 0.11% |
| 2003: | 11.27% | 0.08% |
| 2002: | 6.10% | 0.04% |
The following bar graph represents the individual monthly volume history for Internet applications sent from Oakville, ON.
The following represents the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Oakville occur during our first quarter (represented by the brown bars) with 32.86% while our slowest is the fourth quarter (represented by the red bars) with 15.96%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 16.0% | |
| 2: | April: | 13.6% | |
| 3: | May: | 9.9% | |
| 4: | January: | 9.4% | |
| 5: | November: | 8.4% | |
| 6: | July: | 8.4% | |
| 7: | September: | 8.4% | |
| 8: | February: | 7.5% | |
| 9: | August: | 5.6% | |
| 10: | June: | 5.2% | |
| 11: | December: | 3.8% | |
| 12: | October: | 3.8% |
The bar graph listed below displays the busy days for online applications that were received by CanEquity. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Oakville, the day with the most volume, having more than 17.84% of all inquiries, is Wednesday. In comparison, Saturday's are the slowest day with only 8.92% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 17.8% | |
| 2: | Thursday: | 16.9% | |
| 3: | Tuesday: | 16.4% | |
| 4: | Monday: | 15.5% | |
| 5: | Friday: | 12.7% | |
| 6: | Sunday: | 11.7% | |
| 7: | Saturday: | 8.9% |
Applications are received 24 hours a day on the CanEquity web site. The graph shown below indicates the busy hours in the day. The data is taken from all days of all years.
| 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: | 0.5% |
| 06:00 to 06:59: | 2.8% |
| 07:00 to 07:59: | 6.6% |
| 08:00 to 08:59: | 5.2% |
| 09:00 to 09:59: | 7.5% |
| 10:00 to 10:59: | 11.7% |
| 11:00 to 11:59: | 6.6% |
| 12:00 to 12:59: | 4.7% |
| 13:00 to 13:59: | 6.1% |
| 14:00 to 14:59: | 6.6% |
| 15:00 to 15:59: | 9.4% |
| 16:00 to 16:59: | 2.8% |
| 17:00 to 17:59: | 5.6% |
| 18:00 to 18:59: | 6.6% |
| 19:00 to 19:59: | 3.3% |
| 20:00 to 20:59: | 5.2% |
| 21:00 to 21:59: | 3.3% |
| 22:00 to 22:59: | 2.8% |
| 23:00 to 23:59: | 1.9% |
| 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 | |
|---|---|---|
| 007: | SCARBOROUGH, ON | 0.990% |
| 008: | KITCHENER, ON | 0.973% |
| 009: | WINDSOR, ON | 0.930% |
| 010: | BARRIE, ON | 0.920% |
| 011: | BURLINGTON, ON | 0.854% |
| 012: | OAKVILLE, ON | 0.705% |
| 013: | OSHAWA, ON | 0.645% |
| 014: | ST CATHARINES, ON | 0.573% |
| 015: | BRANTFORD, ON | 0.569% |
| 016: | ETOBICOKE, ON | 0.556% |
| 017: | GUELPH, ON | 0.553% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 19.7% | |
| Refinance: | 19.2% | |
| Renewal: | 18.3% | |
| First-time Buyer: | 16.0% | |
| No Money Down: | 8.9% | |
| Purchase: | 8.0% | |
| Investment: | 2.3% | |
| Variable Rate: | 1.9% | |
| Low Doc: | 1.4% | |
| Commercial: | 0.9% | |
| Recreational: | 0.9% | |
| Second Mortgage: | 0.9% | |
| Other: | 1.5% | |
| Total Application Types Found: 15 | ||
Average age: 40
Oldest age: 71
Youngest age: 20
The following figures show the average income of Canadians living in Oakville who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Oakville: | $73,231.54 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | $16,847.24 |
| mortgage co-applicants in Oakville: | $43,418.10 |
| co-applicants within all of Canada: | $39,375.53 |
| Difference: | $4,042.57 |
The following table represents the residential status of people living in Oakville who have applied for a mortgage loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 26.3% | |
| Own: | 58.7% | |
| Other: | 1.4% | |
| No Comment: | 2.8% | |
| Live with parents: | 10.8% |
The following table and pie chart represents the marital status of applicants from Oakville, Ontario using the mortgage application found on the CanEquity Mortgage web site. In Oakville, 61% of the mortgage applicants are living common-law or married, while only 38% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 58.2% | |
| Single: | 27.7% | |
| Separated: | 6.1% | |
| Divorced: | 4.2% | |
| Common-law: | 3.8% |
