Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 12.11% | * 0.29% |
| 2009: | 17.16% | 0.42% |
| 2008: | 12.74% | 0.31% |
| 2007: | 11.11% | 0.27% |
| 2006: | 12.47% | 0.30% |
| 2005: | 11.02% | 0.27% |
| 2004: | 8.94% | 0.22% |
| 2003: | 8.31% | 0.20% |
| 2002: | 6.14% | 0.15% |
The graph below illustrates the individual monthly volume history for Internet applications sent from Ottawa, ON.
The bar graph below displays the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Ottawa seem to occur during our first quarter (represented by the brown bars) with 30.44% while our slowest is the fourth quarter (represented by the red bars) with 15.99%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 11.7% | |
| 2: | March: | 11.4% | |
| 3: | July: | 10.2% | |
| 4: | February: | 9.8% | |
| 5: | May: | 9.6% | |
| 6: | January: | 9.3% | |
| 7: | August: | 8.0% | |
| 8: | June: | 8.0% | |
| 9: | October: | 6.2% | |
| 10: | September: | 6.0% | |
| 11: | December: | 5.1% | |
| 12: | November: | 4.7% |
The graph below illustrates the busy days for online inquiries that were received by CanEquity. Each day represents a combined total of all occurrences of that day in the past 5 years. In Ottawa the most busy day of the week, with 20.78% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 9.03% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 20.8% | |
| 2: | Tuesday: | 17.0% | |
| 3: | Thursday: | 15.3% | |
| 4: | Wednesday: | 14.8% | |
| 5: | Friday: | 12.4% | |
| 6: | Sunday: | 10.8% | |
| 7: | Saturday: | 9.0% |
Mortgage applications are received 24 hours a day from the CanEquity web site. The statistics shown below indicates the rush hours within 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: | 0.4% |
| 01:00 to 01:59: | 0.4% |
| 02:00 to 02:59: | 0.3% |
| 03:00 to 03:59: | 0.1% |
| 04:00 to 04:59: | 0.8% |
| 05:00 to 05:59: | 1.3% |
| 06:00 to 06:59: | 2.8% |
| 07:00 to 07:59: | 6.7% |
| 08:00 to 08:59: | 6.6% |
| 09:00 to 09:59: | 6.4% |
| 10:00 to 10:59: | 5.9% |
| 11:00 to 11:59: | 6.9% |
| 12:00 to 12:59: | 8.6% |
| 13:00 to 13:59: | 6.0% |
| 14:00 to 14:59: | 6.6% |
| 15:00 to 15:59: | 5.0% |
| 16:00 to 16:59: | 6.1% |
| 17:00 to 17:59: | 5.0% |
| 18:00 to 18:59: | 5.0% |
| 19:00 to 19:59: | 5.9% |
| 20:00 to 20:59: | 6.3% |
| 21:00 to 21:59: | 4.7% |
| 22:00 to 22:59: | 1.8% |
| 23:00 to 23:59: | 0.8% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.21% |
| British Columbia: | 10.79% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.19% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.60% |
| Prince Edward Island: | 0.46% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.28% |
| Location | Contribution | |
|---|---|---|
| 001: | TORONTO, ON | 4.845% |
| 002: | MISSISSAUGA, ON | 2.588% |
| 003: | OTTAWA, ON | 2.430% |
| 004: | BRAMPTON, ON | 1.565% |
| 005: | LONDON, ON | 1.561% |
| 006: | HAMILTON, ON | 1.508% |
| 007: | KITCHENER, ON | 1.047% |
| 008: | SCARBOROUGH, ON | 0.905% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 24.9% | |
| Qualification: | 24.8% | |
| Renewal: | 14.3% | |
| No Money Down: | 11.1% | |
| Refinance: | 9.5% | |
| Purchase: | 6.8% | |
| Variable Rate: | 2.4% | |
| Pre-approval: | 2.3% | |
| Low Doc: | 1.0% | |
| Other: | 3% | |
| Total Application Types Found: 15 | ||
Average age: 37
Oldest age: 83
Youngest age: 19
The following figures show the average income of Canadians living in Ottawa who have submitted an inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Ottawa: | $65,038.70 |
| applicants within all of Canada: | $58,950.13 |
| Difference: | $6,088.57 |
| mortgage co-applicants in Ottawa: | $48,679.65 |
| co-applicants within all of Canada: | $41,517.38 |
| Difference: | $7,162.26 |
The pie chart below shows the residential status of people living in Ottawa who have submitted an inquiry using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 51.9% | |
| Own: | 39.0% | |
| Other: | 1.6% | |
| No Comment: | 3.3% | |
| Live with parents: | 4.1% |
The following information represents the marital status of applicants from Ottawa, Ontario using the mortgage preapproval application located at canequity.com. Over 57% of the mortgage applicants are either married or living common-law, while only 41% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 44.8% | |
| Single: | 34.2% | |
| Common-law: | 13.1% | |
| Separated: | 3.9% | |
| Divorced: | 3.3% | |
| Widowed: | 0.7% |
