Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 13.01% | 0.04% |
| 2010: | 15.07% | 0.04% |
| 2009: | 10.96% | 0.03% |
| 2008: | 10.96% | 0.03% |
| 2007: | 10.27% | 0.03% |
| 2006: | 6.16% | 0.02% |
| 2005: | 6.85% | 0.02% |
| 2004: | 8.22% | 0.02% |
| 2003: | 7.53% | 0.02% |
| 2002: | 10.96% | 0.03% |
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 Orleans happen to occur during our first quarter (represented by the brown bars) with 32.19% while our slowest is the third quarter (represented by the blue bars) with 20.55%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 13.0% | |
| 2: | June: | 11.6% | |
| 3: | April: | 11.0% | |
| 4: | March: | 11.0% | |
| 5: | January: | 8.2% | |
| 6: | December: | 7.5% | |
| 7: | July: | 7.5% | |
| 8: | November: | 6.8% | |
| 9: | August: | 6.8% | |
| 10: | October: | 6.8% | |
| 11: | September: | 6.2% | |
| 12: | May: | 3.4% |
The bar graph below plots the busy days for online mortgage applications that were received by CanEquity. A combined total of all occurrences of each day are represented for the past 5 years. In Orleans the busiest day, with 22.60% of all inquiries, is Tuesday. In comparison, Sunday's are the slowest day with only 8.22% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 22.6% | |
| 2: | Wednesday: | 18.5% | |
| 3: | Thursday: | 15.1% | |
| 4: | Monday: | 13.7% | |
| 5: | Saturday: | 13.0% | |
| 6: | Friday: | 8.9% | |
| 7: | Sunday: | 8.2% |
In Orleans, applications are received 24 hours a day from the CanEquity web site. The report shown below represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 45.2% of all mortgages are received before noon, while 54.8% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 03:00 to 03:59: | 0.7% |
| 04:00 to 04:59: | 2.1% |
| 05:00 to 05:59: | 2.1% |
| 06:00 to 06:59: | 4.1% |
| 07:00 to 07:59: | 4.1% |
| 08:00 to 08:59: | 8.2% |
| 09:00 to 09:59: | 9.6% |
| 10:00 to 10:59: | 4.8% |
| 11:00 to 11:59: | 9.6% |
| 12:00 to 12:59: | 10.3% |
| 13:00 to 13:59: | 5.5% |
| 14:00 to 14:59: | 7.5% |
| 15:00 to 15:59: | 4.8% |
| 16:00 to 16:59: | 3.4% |
| 17:00 to 17:59: | 2.1% |
| 18:00 to 18:59: | 6.8% |
| 19:00 to 19:59: | 3.4% |
| 20:00 to 20:59: | 6.2% |
| 21:00 to 21:59: | 1.4% |
| 22:00 to 22:59: | 2.7% |
| 23:00 to 23:59: | 0.7% |
| 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 | |
|---|---|---|
| 030: | NIAGARA FALLS, ON | 0.334% |
| 031: | PICKERING, ON | 0.330% |
| 032: | NEPEAN, ON | 0.321% |
| 033: | NEWMARKET, ON | 0.302% |
| 034: | CORNWALL, ON | 0.285% |
| 035: | ORLEANS, ON | 0.276% |
| 036: | MILTON, ON | 0.266% |
| 037: | TIMMINS, ON | 0.264% |
| 038: | KANATA, ON | 0.262% |
| 039: | SARNIA, ON | 0.260% |
| 040: | WOODSTOCK, ON | 0.260% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 21.9% | |
| Refinance: | 21.2% | |
| Qualification: | 15.1% | |
| No Money Down: | 12.3% | |
| Purchase: | 12.3% | |
| First-time Buyer: | 10.3% | |
| Fixed Rate: | 1.4% | |
| Commercial: | 1.4% | |
| Variable Rate: | 1.4% | |
| Other: | 2.8% | |
| Total Application Types Found: 13 | ||
Average age: 40
Oldest age: 66
Youngest age: 21
The information below represents the average income of Canadians living in Orleans who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Orleans: | $62,308.24 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $2,809.77 |
| mortgage co-applicants in Orleans: | $48,246.95 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $5,843.82 |
The chart and pie-graph below depicts the residential status of people living in Orleans who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 23.3% | |
| Own: | 61.0% | |
| Other: | 2.1% | |
| No Comment: | 8.9% | |
| Live with parents: | 4.8% |
The following information represents the marital status of applicants from Orleans, Ontario using the mortgage application located at the CanEquity web site. 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: | 51.4% | |
| Single: | 25.3% | |
| Common-law: | 10.3% | |
| Separated: | 8.2% | |
| Divorced: | 4.8% |
