Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 14.29% | * 0.01% |
| 2009: | 14.29% | 0.01% |
| 2008: | 5.71% | 0.00% |
| 2007: | 11.43% | 0.01% |
| 2006: | 5.71% | 0.00% |
| 2005: | 5.71% | 0.00% |
| 2004: | 25.71% | 0.02% |
| 2003: | 11.43% | 0.01% |
| 2002: | 5.71% | 0.00% |
The data below illustrates the busy days for mortgage applications that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Port Colborne the most busy day of the week, with 20.00% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 8.57% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 20.0% | |
| 2: | Friday: | 20.0% | |
| 3: | Monday: | 17.1% | |
| 4: | Saturday: | 14.3% | |
| 5: | Thursday: | 11.4% | |
| 6: | Wednesday: | 8.6% | |
| 7: | Sunday: | 8.6% |
Inquiries are received 24 hours a day on the CanEquity web site. The report shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 09:00 to 09:59: | 8.6% |
| 10:00 to 10:59: | 11.4% |
| 11:00 to 11:59: | 14.3% |
| 12:00 to 12:59: | 5.7% |
| 13:00 to 13:59: | 2.9% |
| 14:00 to 14:59: | 5.7% |
| 15:00 to 15:59: | 2.9% |
| 16:00 to 16:59: | 5.7% |
| 17:00 to 17:59: | 5.7% |
| 18:00 to 18:59: | 5.7% |
| 19:00 to 19:59: | 17.1% |
| 20:00 to 20:59: | 5.7% |
| 21:00 to 21:59: | 5.7% |
| 22:00 to 22:59: | 2.9% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.19% |
| British Columbia: | 10.79% |
| Manitoba: | 2.12% |
| New Brunswick: | 2.18% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.61% |
| Prince Edward Island: | 0.46% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.28% |
| Location | Contribution | |
|---|---|---|
| 084: | AMHERSTBURG, ON | 0.081% |
| 085: | BROOKLIN, ON | 0.081% |
| 086: | TECUMSEH, ON | 0.081% |
| 087: | LEAMINGTON, ON | 0.079% |
| 088: | WATERDOWN, ON | 0.079% |
| 089: | PORT COLBORNE, ON | 0.077% |
| 090: | BRACEBRIDGE, ON | 0.077% |
| 091: | GLOUCESTER, ON | 0.077% |
| 092: | PARIS, ON | 0.075% |
| 093: | CALEDONIA, ON | 0.075% |
| 094: | INGERSOLL, ON | 0.073% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 28.6% | |
| Qualification: | 20.0% | |
| Renewal: | 11.4% | |
| Refinance: | 11.4% | |
| Purchase: | 11.4% | |
| No Money Down: | 8.6% | |
| Low Doc: | 2.9% | |
| Commercial: | 2.9% | |
| Investment: | 2.9% | |
| Total Application Types Found: 9 | ||
Average age: 36
Oldest age: 56
Youngest age: 21
The following depicts the average income of applicants living in Port Colborne who have applied for a home loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Port Colborne: | $53,151.24 |
| applicants within all of Canada: | $58,945.81 |
| Difference: | ($5,794.57) |
| mortgage co-applicants in Port Colborne: | $38,550.00 |
| co-applicants within all of Canada: | $41,508.27 |
| Difference: | ($2,958.27) |
The following depicts the residential status of people living in Port Colborne who have applied for a mortgage using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 42.9% | |
| Own: | 45.7% | |
| No Comment: | 5.7% | |
| Live with parents: | 5.7% |
The information below shows the marital status of applicants from Port Colborne, Ontario using the preapproval application found at the CanEquity web site. Over 54% of the mortgage applicants are living with someone, while only 45% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 45.7% | |
| Single: | 28.6% | |
| Separated: | 11.4% | |
| Common-law: | 8.6% | |
| Divorced: | 5.7% |
