Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 15.39% | 0.01% |
| 2009: | 7.69% | 0.00% |
| 2008: | 7.69% | 0.00% |
| 2007: | 23.08% | 0.01% |
| 2006: | 11.54% | 0.01% |
| 2005: | 11.54% | 0.01% |
| 2004: | 11.54% | 0.01% |
| 2003: | 3.85% | 0.00% |
| 2002: | 7.69% | 0.00% |
The information below shows the busy days for Internet applications that were received by CanEquity. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Port Elgin, the day with the most volume, having more than 19.23% of all submissions, is Monday. In comparison, Sunday's are the slowest day with only 11.54% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 19.2% | |
| 2: | Tuesday: | 19.2% | |
| 3: | Friday: | 19.2% | |
| 4: | Saturday: | 19.2% | |
| 5: | Wednesday: | 11.5% | |
| 6: | Sunday: | 11.5% |
Mortgage applications are received 24 hours a day on the CanEquity web site. The report 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 |
|---|---|
| 00:00 to 00:59: | 7.7% |
| 04:00 to 04:59: | 3.8% |
| 05:00 to 05:59: | 3.8% |
| 06:00 to 06:59: | 3.8% |
| 07:00 to 07:59: | 3.8% |
| 08:00 to 08:59: | 7.7% |
| 09:00 to 09:59: | 7.7% |
| 10:00 to 10:59: | 11.5% |
| 11:00 to 11:59: | 7.7% |
| 12:00 to 12:59: | 3.8% |
| 13:00 to 13:59: | 7.7% |
| 14:00 to 14:59: | 3.8% |
| 16:00 to 16:59: | 3.8% |
| 17:00 to 17:59: | 3.8% |
| 18:00 to 18:59: | 3.8% |
| 19:00 to 19:59: | 11.5% |
| 20:00 to 20:59: | 3.8% |
| 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 | |
|---|---|---|
| 126: | NEWCASTLE, ON | 0.051% |
| 127: | PRESCOTT, ON | 0.051% |
| 128: | PEFFERLAW, ON | 0.049% |
| 129: | KAPUSKASING, ON | 0.049% |
| 130: | KENORA, ON | 0.049% |
| 131: | PORT ELGIN, ON | 0.049% |
| 132: | RENFREW, ON | 0.049% |
| 133: | TOTTENHAM, ON | 0.049% |
| 134: | BRIGHTON, ON | 0.049% |
| 135: | CHELMSFORD, ON | 0.047% |
| 136: | ARNPRIOR, ON | 0.047% |
| 1 | Allenford, Ontario |
| 2 | Kincardine, Ontario |
| 3 | Desboro, Ontario |
| 4 | Lions Head, Ontario |
| 5 | Tiverton, Ontario |
| 6 | Hepworth, Ontario |
| 7 | Wiarton, Ontario |
| 8 | Paisley, Ontario |
| 9 | Shallow Lake, Ontario |
| 10 | Owen Sound, Ontario |
| 11 | Ripley, Ontario |
| 12 | Elmwood, Ontario |
| 13 | Tobermory, Ontario |
| 14 | Cargill, Ontario |
| 15 | Chepstow, Ontario |
| 16 | Chesley, Ontario |
| 17 | Walton, Ontario |
| 18 | Walkerton, Ontario |
| 19 | Brockton, Ontario |
| 20 | Wingham, Ontario |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| No Money Down: | 19.2% | |
| Commercial: | 19.2% | |
| First-time Buyer: | 15.4% | |
| Qualification: | 11.5% | |
| Refinance: | 11.5% | |
| Investment: | 7.7% | |
| Variable Rate: | 7.7% | |
| Renewal: | 3.8% | |
| Purchase: | 3.8% | |
| Total Application Types Found: 9 | ||
Average age: 38
Oldest age: 61
Youngest age: 20
The figures below represent the average income of applicants living in Port Elgin who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Port Elgin: | $71,110.48 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $11,612.01 |
| mortgage co-applicants in Port Elgin: | $32,250.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($10,153.13) |
The information shown below represents the residential status of people living in Port Elgin who have submitted an inquiry using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 30.8% | |
| Own: | 46.2% | |
| Other: | 3.8% | |
| No Comment: | 7.7% | |
| Live with parents: | 11.5% |
The information below shows the marital status of applicants from Port Elgin, Ontario using the online mortgage application found at canequity.com. In Port Elgin, 57% of the mortgage applicants are either married or living common-law, while only 42% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 34.6% | |
| Married: | 30.8% | |
| Common-law: | 26.9% | |
| Separated: | 7.7% |
