Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 4.76% | 0.00% |
| 2010: | 9.52% | 0.00% |
| 2009: | 9.52% | 0.00% |
| 2008: | 9.52% | 0.00% |
| 2007: | 9.52% | 0.00% |
| 2006: | 19.05% | 0.01% |
| 2005: | 9.52% | 0.00% |
| 2004: | 28.57% | 0.01% |
Mortgage inquiries are received 24 hours a day from the CanEquity web site. The information shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 4.8% |
| 06:00 to 06:59: | 4.8% |
| 07:00 to 07:59: | 9.5% |
| 08:00 to 08:59: | 4.8% |
| 09:00 to 09:59: | 9.5% |
| 10:00 to 10:59: | 4.8% |
| 11:00 to 11:59: | 14.3% |
| 13:00 to 13:59: | 9.5% |
| 14:00 to 14:59: | 14.3% |
| 16:00 to 16:59: | 9.5% |
| 20:00 to 20:59: | 4.8% |
| 21:00 to 21:59: | 4.8% |
| 23:00 to 23:59: | 4.8% |
| 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 | |
|---|---|---|
| 150: | ST MARYS, ON | 0.042% |
| 151: | WALKERTON, ON | 0.042% |
| 152: | NIAGARA ON THE LAKE, ON | 0.042% |
| 153: | ALMONTE, ON | 0.042% |
| 154: | SHELBURNE, ON | 0.042% |
| 155: | PENETANGUISHENE, ON | 0.040% |
| 156: | ESSEX, ON | 0.040% |
| 157: | WAWA, ON | 0.038% |
| 158: | FORT FRANCES, ON | 0.038% |
| 159: | CORUNNA, ON | 0.038% |
| 160: | MOUNT ALBERT, ON | 0.036% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 28.6% | |
| Qualification: | 23.8% | |
| Renewal: | 14.3% | |
| Refinance: | 14.3% | |
| No Money Down: | 9.5% | |
| Transfer: | 4.8% | |
| Variable Rate: | 4.8% | |
| Total Application Types Found: 7 | ||
Average age: 40
Oldest age: 58
Youngest age: 25
The following depicts the average income of Canadians living in Penetanguishene who have applied for a mortgage loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Penetanguishene: | $56,251.42 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($3,247.04) |
| mortgage co-applicants in Penetanguishene: | $26,987.50 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($15,415.63) |
The following depicts the residential status of people living in Penetanguishene who have applied for a home loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 38.1% | |
| Own: | 57.1% | |
| Live with parents: | 4.8% |
The pie chart below represents the marital status of applicants from Penetanguishene, Ontario using the mortgage application found at the CanEquity web site. Approximately 57% of the mortgage applicants are living common-law or married, while only 42% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 38.1% | |
| Single: | 23.8% | |
| Common-law: | 19.0% | |
| Separated: | 14.3% | |
| Divorced: | 4.8% |
