Last report update for Owen Sound: Tuesday, May 13, 2008
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Related Links:
Brockton
Cargill
Desboro
Durham
Elmwood
Hepworth
Kincardine
Paisley
Shallow Lake
Wiarton

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Owen Sound Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Online Mortgages from Owen Sound

Year Year to Year
Comparison
** National
Contribution
2008: * 2.94% * 0.00%
2007: 26.47% 0.03%
2006: 20.59% 0.02%
2005: 26.47% 0.03%
2004: 8.82% 0.01%
2003: 11.77% 0.01%
2002: 2.94% 0.00%

Note: * These values are the percentages up to Tuesday, May 13, 2008. Estimated volume targets for the entire 2008 year are 5.88% and 0.01% respectively. ** Total national contribution of Owen Sound mortgages in the past is currently 0.11% with a projected target of 0.11%.

Busy Days for Mortgages Originating within Owen Sound

The bar graph below displays the busy days for Internet applications that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Owen Sound, the day with the most volume, having more than 23.53% of all submissions, is Thursday. In comparison, Wednesday's are the slowest day with only 2.94% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Thursday: 23.5%
2: Saturday: 20.6%
3: Monday: 17.6%
4: Tuesday: 17.6%
5: Sunday: 11.8%
6: Friday: 5.9%
7: Wednesday: 2.9%
Busy Days Report for Owen Sound Mortgages

Peak Hours for Mortgages within Owen Sound

Owen Sound mortgage applications are received 24 hours a day via the CanEquity web site. The information shown below represents the peak hours within a 24-hour period. The data is taken from all days of all years.


Time Period
(24 Hour)
Percentage
of Inquiries
04:00 to 04:59: 2.9%
06:00 to 06:59: 5.9%
07:00 to 07:59: 2.9%
08:00 to 08:59: 8.8%
09:00 to 09:59: 2.9%
10:00 to 10:59: 8.8%
11:00 to 11:59: 2.9%
12:00 to 12:59: 8.8%
13:00 to 13:59: 11.8%
14:00 to 14:59: 2.9%
15:00 to 15:59: 5.9%
16:00 to 16:59: 2.9%
17:00 to 17:59: 11.8%
18:00 to 18:59: 2.9%
19:00 to 19:59: 2.9%
20:00 to 20:59: 8.8%
21:00 to 21:59: 2.9%
23:00 to 23:59: 2.9%
Peak Hours Graph for Mortgages in Owen Sound

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

Current City Standing within Ontario


Location Contribution
063:  STRATHROY, ON 0.126%
064:  BOLTON, ON 0.126%
065:  INNISFIL, ON 0.122%
066:  COLLINGWOOD, ON 0.122%
067:  FORT ERIE, ON 0.116%
068:  OWEN SOUND, ON 0.113%
069:  LASALLE, ON 0.113%
070:  COURTICE, ON 0.113%
071:  PETAWAWA, ON 0.113%
072:  PORT HOPE, ON 0.109%
073:  GRIMSBY, ON 0.103%

Nearest Settlements


1Shallow Lake, Ontario
2Hepworth, Ontario
3Wiarton, Ontario
4Paisley, Ontario
5Cargill, Ontario
6Kincardine, Ontario
7Desboro, Ontario
8Brockton, Ontario
9Elmwood, Ontario
10Durham, Ontario
11Meaford, Ontario
12Chepstow, Ontario
13Lions Head, Ontario
14Walkerton, Ontario
15Tiverton, Ontario
16Ripley, Ontario
17Hanover, Ontario
18Port Elgin, Ontario
19Neustadt, Ontario
20Wingham, Ontario
21Markdale, Ontario
22Harriston, Ontario
23Flesherton, Ontario
24Fordwich, Ontario
25Mildmay, Ontario
26Teeswater, Ontario
27Clifford, Ontario
28Mount Forest, Ontario


Product Popularity for Owen Sound


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 29.4%
Qualification: 26.5%
Refinance: 20.6%
Low Doc: 5.9%
Purchase: 5.9%
Variable Rate: 5.9%
No Money Down: 2.9%
Renewal: 2.9%
 
Total Application Types Found: 8
 Owen Sound Mortgage Product Popularity Pie Chart

Age Demographics for Owen Sound Applicants

Average age: 35
Oldest age: 59
Youngest age: 23


Incomes for Owen Sound Applicants

The information below represents the average income of Canadians living in Owen Sound who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.

Average annual gross income for
mortgage applicants in Owen Sound: $44,688.73
applicants within all of Canada: $56,384.30
Difference: ($11,695.57)
  
mortgage co-applicants in Owen Sound: $28,577.56
co-applicants within all of Canada: $39,375.53
Difference: ($10,797.98)

Note: Commercial Mortgage loans were not included for this section, only residential mortgages were used.

Residential Status for Owen Sound Originated Mortgages

The following table represents the residential status of people living in Owen Sound 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: 52.9%
Own: 38.2%
Other: 2.9%
Live with parents: 5.9%
Owen Sound Residential Status Pie Chart

Marital Statistics for Owen Sound Originated Mortgages

The information below shows the marital status of applicants from Owen Sound, Ontario using the preapproval application found at the CanEquity web site. Over 79% of the mortgage applicants are living with someone, while only 20% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 64.7%
Common-law: 14.7%
Divorced: 8.8%
Single: 8.8%
Separated: 2.9%
Owen Sound Marital Status Pie Chart