Last report update for Ottawa: Tuesday, May 6, 2008
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Ottawa Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Inquiries from Ottawa

Year Year to Year
Comparison
** National
Contribution
2008: * 8.68% * 0.20%
2007: 17.50% 0.41%
2006: 19.63% 0.46%
2005: 17.35% 0.41%
2004: 14.08% 0.33%
2003: 13.09% 0.31%
2002: 9.67% 0.23%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 23.04% and 0.54% respectively. ** Total national contribution of Ottawa mortgages in the past is currently 2.34% with a projected target of 2.67%.

Monthly Volume History for Online Mortgages from Ottawa

The bar graph below illustrates the individual monthly volume history for Internet pre-approval applications received from Ottawa, ON.


Monthly Volume Report for Ottawa Mortgages

Busy Months for Mortgage Applications within Ottawa

The following represents the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Ottawa occur during our first quarter (represented by the brown bars) with 31.29% while our slowest is the fourth quarter (represented by the red bars) with 16.07%.

RankMonth Percentage
of Inquiries
1: April: 11.4%
2: July: 11.4%
3: January: 10.9%
4: March: 10.2%
5: February: 10.1%
6: May: 8.4%
7: June: 8.0%
8: August: 7.4%
9: October: 6.3%
10: September: 6.1%
11: November: 5.4%
12: December: 4.4%
Busy Months Report for Ottawa Mortgages

Busy Days for Mortgages within Ottawa

The information below compares the busy days for mortgage inquiries that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In Ottawa, the day with the most volume, generating 21.48% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 9.53% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 21.5%
2: Tuesday: 16.8%
3: Thursday: 16.6%
4: Wednesday: 13.9%
5: Friday: 11.4%
6: Sunday: 10.2%
7: Saturday: 9.5%
Busy Days Report for Ottawa Mortgages

Peak Hours for Mortgages within Ottawa

In Ottawa, applications are received 24 hours a day via the CanEquity web site. The time periods below represents the busy hours in the day. The data is taken from all days of all years. Only 37.0% of all mortgages are received during the morning, while 62.0% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 0.4%
01:00 to 01:59: 0.1%
02:00 to 02:59: 0.4%
04:00 to 04:59: 1.0%
05:00 to 05:59: 1.4%
06:00 to 06:59: 2.4%
07:00 to 07:59: 7.1%
08:00 to 08:59: 6.3%
09:00 to 09:59: 5.3%
10:00 to 10:59: 5.5%
11:00 to 11:59: 8.0%
12:00 to 12:59: 8.4%
13:00 to 13:59: 6.0%
14:00 to 14:59: 7.1%
15:00 to 15:59: 6.1%
16:00 to 16:59: 6.5%
17:00 to 17:59: 5.1%
18:00 to 18:59: 3.8%
19:00 to 19:59: 5.7%
20:00 to 20:59: 6.1%
21:00 to 21:59: 4.4%
22:00 to 22:59: 1.8%
23:00 to 23:59: 0.9%
Peak Hours Graph for Mortgages in Ottawa

Note: Only hours that have had mortgages from Ottawa, 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: 11.49%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.12%
Nova Scotia: 2.77%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario 48.62%
Prince Edward Island: 0.36%
Quebec: 3.80%
Saskatchewan: 5.60%
Yukon Territories: 0.21%
Ottawa Mortgages

Current City Standing within Ontario


Location Contribution
001:  TORONTO, ON 4.993%
002:  MISSISSAUGA, ON 2.633%
003:  OTTAWA, ON 2.337%
004:  LONDON, ON 1.636%
005:  BRAMPTON, ON 1.572%
006:  HAMILTON, ON 1.466%
007:  SCARBOROUGH, ON 0.994%
008:  KITCHENER, ON 0.977%

Nearest Settlements


1Orleans, Ontario
2Gloucester, Ontario
3Metcalfe, Ontario
4Vanier, Ontario
5Nepean, Ontario
6Carlsbad Springs, Ontario
7Navan, Ontario
8Aylmer, Quebec
9Mansfield, Ontario
10Richmond, Ontario
11Carleton Place, Ontario
12Lanark, Ontario
13Stittsville, Ontario
14Munster, Ontario
15Kanata, Ontario
16Oxford Mills, Ontario
17North Gower, Ontario
18Merrickville, Ontario
19Hull, Quebec
20Greely, Ontario
21Manotick, Ontario
22Perth, Ontario
23Almonte, Ontario
24Smiths Falls, Ontario


Product Popularity for Ottawa


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 27.3%
First-time Buyer: 26.2%
Renewal: 12.2%
No Money Down: 11.0%
Refinance: 9.7%
Purchase: 5.1%
Variable Rate: 2.8%
Pre-approval: 1.7%
Low Doc: 1.3%
Investment: 0.9%
Other: 1.9%
 
Total Application Types Found: 15
 Ottawa Mortgage Product Popularity Pie Chart

Age Demographics for Ottawa Applicants

Average age: 36
Oldest age: 83
Youngest age: 19


Incomes for Ottawa Applicants

The figures below represent the average income of Canadians living in Ottawa who have applied for a mortgage loan using the online application located at the CanEquity web site.

Average annual gross income for
mortgage applicants in Ottawa: $61,600.24
applicants within all of Canada: $56,347.50
Difference: $5,252.74
  
mortgage co-applicants in Ottawa: $46,596.52
co-applicants within all of Canada: $39,330.70
Difference: $7,265.82

Note: Commercial loan amounts were not included for this survey, only residential mortgages from Ottawa, Ontario were used.

Residential Status for Ottawa Mortgage Applicants

The pie chart below shows the residential status of people living in Ottawa who have applied for a loan using the pre-approval application on CanEquity's web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 55.8%
Own: 33.7%
Other: 1.7%
No Comment: 5.1%
Live with parents: 3.7%
Ottawa Residential Status Pie Chart

Marital Statistics for Ottawa Mortgage Applicants

The information below shows the marital status of applicants from Ottawa, Ontario using the mortgage application found on the CanEquity Mortgage web site. Approximately 56% of the mortgage applicants are living together with someone, while only 42% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 43.7%
Single: 34.6%
Common-law: 12.5%
Separated: 4.6%
Divorced: 3.8%
Widowed: 0.9%
Ottawa Marital Status Pie Chart