Last report update for Oakville: Tuesday, May 13, 2008
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Oakville Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Applications from Oakville

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%

Note: * These values are the percentages up to Tuesday, May 13, 2008. Estimated volume targets for the entire 2008 year are 27.23% and 0.19% respectively. ** Total national contribution of Oakville mortgages in the past is currently 0.70% with a projected target of 0.82%.

Monthly Volume History for Mortgages Originating from Oakville

The following bar graph represents the individual monthly volume history for Internet applications sent from Oakville, ON.


Monthly Volume Report for Oakville Mortgages

Busy Months for Mortgage Inquiries within Oakville

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%.

RankMonth 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%
Busy Months Report for Oakville Mortgages

Busy Days for Mortgages within Oakville

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%
Busy Days Report for Oakville Mortgages

Peak Hours for Applicants within Oakville

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%
Peak Hours Graph for Mortgages in Oakville

Note: Only hours that have had mortgages from Oakville, 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%
Oakville Mortgages

Current City Standing within Ontario


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%

Nearest Settlements


1Mississauga, Ontario
2Freelton, Ontario
3Puslinch, Ontario
4Campbellville, Ontario
5Burlington, Ontario
6Milton, Ontario
7York, Ontario
8Etobicoke, Ontario
9Georgetown, Ontario
10Waterdown, Ontario
11Acton, Ontario
12Millgrove, Ontario
13Cambridge, Ontario
14Toronto, Ontario
15Halton Hills, Ontario
16Rockwood, Ontario
17Guelph, Ontario
18Copetown, Ontario
19Hillsburgh, Ontario
20Ayr, Ontario
21Ancaster, Ontario
22Don Mills, Ontario
23East York, Ontario
24Scarborough, Ontario
25Kleinburg, Ontario
26Princeton, Ontario
27North York, Ontario
28Hamilton, Ontario
29Cheltenham, Ontario
30Lynden, Ontario
31St George, Ontario
32Thornhill, Ontario
33Vaughan, Ontario
34Dundas, Ontario
35Erin, Ontario
36Brampton, Ontario
37Willowdale, Ontario
38Alton, Ontario
39Downsview, Ontario
40Fergus, Ontario
41Palgrave, Ontario
42Bolton, Ontario
43Stoney Creek, Ontario
44Burford, Ontario
45Caledonia, Ontario
46Unionville, Ontario
47St George Brant, Ontario
48Concord, Ontario
49Paris, Ontario
50Woodbridge, Ontario
51Orangeville, Ontario
52Elora, Ontario
53Brantford, Ontario
54Kitchener, Ontario
55Schomberg, Ontario


Product Popularity for Oakville


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
 Oakville Mortgage Product Popularity Pie Chart

Age Demographics for Oakville Originated Mortgages

Average age: 40
Oldest age: 71
Youngest age: 20


Incomes for Oakville Originated Mortgages

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

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loan amounts were used.

Residential Status for Oakville Based Mortgages

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%
Oakville Residential Status Pie Chart

Marital Statistics for Oakville Based Mortgages

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%
Oakville Marital Status Pie Chart