Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 10.00% | 0.01% |
| 2010: | 15.00% | 0.01% |
| 2009: | 12.50% | 0.01% |
| 2008: | 5.00% | 0.00% |
| 2007: | 10.00% | 0.01% |
| 2006: | 5.00% | 0.00% |
| 2005: | 5.00% | 0.00% |
| 2004: | 22.50% | 0.02% |
| 2003: | 10.00% | 0.01% |
| 2002: | 5.00% | 0.00% |
The bar graph below illustrates the busy days for Internet applications that were received by CanEquity. A combined total of all occurrences of each day are represented for the past 5 years. In Port Colborne the busiest day of the week, with 17.50% of all submissions, is Tuesday. In comparison, Sunday's are the slowest day with only 10.00% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 17.5% | |
| 2: | Friday: | 17.5% | |
| 3: | Monday: | 15.0% | |
| 4: | Saturday: | 15.0% | |
| 5: | Wednesday: | 12.5% | |
| 6: | Thursday: | 12.5% | |
| 7: | Sunday: | 10.0% |
In Port Colborne, inquiries are received 24 hours a day via the CanEquity web site. The report shown below indicates the busy hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 09:00 to 09:59: | 10.0% |
| 10:00 to 10:59: | 10.0% |
| 11:00 to 11:59: | 15.0% |
| 12:00 to 12:59: | 12.5% |
| 13:00 to 13:59: | 2.5% |
| 14:00 to 14:59: | 5.0% |
| 15:00 to 15:59: | 2.5% |
| 16:00 to 16:59: | 5.0% |
| 17:00 to 17:59: | 5.0% |
| 18:00 to 18:59: | 5.0% |
| 19:00 to 19:59: | 15.0% |
| 20:00 to 20:59: | 5.0% |
| 21:00 to 21:59: | 5.0% |
| 22:00 to 22:59: | 2.5% |
| 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 | |
|---|---|---|
| 085: | WATERDOWN, ON | 0.081% |
| 086: | BRACEBRIDGE, ON | 0.079% |
| 087: | CALEDONIA, ON | 0.077% |
| 088: | LEAMINGTON, ON | 0.077% |
| 089: | BROOKLIN, ON | 0.076% |
| 090: | PORT COLBORNE, ON | 0.076% |
| 091: | PARIS, ON | 0.076% |
| 092: | NAPANEE, ON | 0.074% |
| 093: | EAST YORK, ON | 0.074% |
| 094: | HUNTSVILLE, ON | 0.072% |
| 095: | AMHERSTBURG, ON | 0.070% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 25.0% | |
| Qualification: | 20.0% | |
| Refinance: | 12.5% | |
| Purchase: | 12.5% | |
| No Money Down: | 10.0% | |
| Renewal: | 10.0% | |
| Commercial: | 5.0% | |
| Low Doc: | 2.5% | |
| Investment: | 2.5% | |
| Total Application Types Found: 9 | ||
Average age: 36
Oldest age: 56
Youngest age: 21
The figures below represent the average income of people living in Port Colborne who have applied for a loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Port Colborne: | $55,134.89 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($4,363.57) |
| mortgage co-applicants in Port Colborne: | $36,257.14 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($6,145.99) |
The table and pie chart below represents the residential status of people living in Port Colborne who have applied for a mortgage loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 37.5% | |
| Own: | 47.5% | |
| No Comment: | 7.5% | |
| Live with parents: | 7.5% |
The following pie chart represents the marital status of applicants from Port Colborne, Ontario using the preapproval application found on the CanEquity Mortgage web site. In Port Colborne, over 57% 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: | 50.0% | |
| Single: | 27.5% | |
| Separated: | 10.0% | |
| Common-law: | 7.5% | |
| Divorced: | 5.0% |
