Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.62% | 0.01% |
| 2010: | 7.69% | 0.01% |
| 2009: | 11.54% | 0.01% |
| 2008: | 15.39% | 0.01% |
| 2007: | 3.85% | 0.00% |
| 2006: | 3.85% | 0.00% |
| 2005: | 25.00% | 0.03% |
| 2004: | 13.46% | 0.01% |
| 2003: | 9.62% | 0.01% |
The bar graph below represents the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Port Hope usually occur during our second quarter (represented by the green bars) with 32.69% while our slowest is the fourth quarter (represented by the red bars) with 19.23%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 19.2% | |
| 2: | April: | 15.4% | |
| 3: | May: | 11.5% | |
| 4: | October: | 11.5% | |
| 5: | July: | 9.6% | |
| 6: | November: | 5.8% | |
| 7: | January: | 5.8% | |
| 8: | August: | 5.8% | |
| 9: | June: | 5.8% | |
| 10: | February: | 3.9% | |
| 11: | September: | 3.9% | |
| 12: | December: | 1.9% |
The graph below illustrates the busy days for mortgage applications that were received by CanEquity's web site. Each day is a representation of the combined 6-year total of all instances of that day. In Port Hope the busiest day, with 23.08% of all submissions, is Monday. In comparison, Friday's are the slowest day with only 7.69% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 23.1% | |
| 2: | Thursday: | 23.1% | |
| 3: | Tuesday: | 17.3% | |
| 4: | Wednesday: | 9.6% | |
| 5: | Saturday: | 9.6% | |
| 6: | Sunday: | 9.6% | |
| 7: | Friday: | 7.7% |
Mortgage applications are received 24 hours a day via the CanEquity web site. The information shown below indicates the peak hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 05:00 to 05:59: | 3.8% |
| 06:00 to 06:59: | 1.9% |
| 07:00 to 07:59: | 7.7% |
| 08:00 to 08:59: | 7.7% |
| 09:00 to 09:59: | 9.6% |
| 10:00 to 10:59: | 9.6% |
| 11:00 to 11:59: | 9.6% |
| 12:00 to 12:59: | 3.8% |
| 13:00 to 13:59: | 1.9% |
| 14:00 to 14:59: | 7.7% |
| 15:00 to 15:59: | 5.8% |
| 16:00 to 16:59: | 5.8% |
| 17:00 to 17:59: | 3.8% |
| 18:00 to 18:59: | 5.8% |
| 20:00 to 20:59: | 7.7% |
| 21:00 to 21:59: | 5.8% |
| 23:00 to 23:59: | 1.9% |
| 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 | |
|---|---|---|
| 071: | BOLTON, ON | 0.102% |
| 072: | TILLSONBURG, ON | 0.100% |
| 073: | ALLISTON, ON | 0.100% |
| 074: | COURTICE, ON | 0.100% |
| 075: | GRIMSBY, ON | 0.098% |
| 076: | PORT HOPE, ON | 0.098% |
| 077: | LASALLE, ON | 0.098% |
| 078: | GLOUCESTER, ON | 0.096% |
| 079: | PEMBROKE, ON | 0.094% |
| 080: | FERGUS, ON | 0.091% |
| 081: | SMITHS FALLS, ON | 0.087% |
| 1 | Newtonville, Ontario |
| 2 | Caesarea, Ontario |
| 3 | Bailieboro, Ontario |
| 4 | Pontypool, Ontario |
| 5 | Seagrave, Ontario |
| 6 | Port Perry, Ontario |
| 7 | Hampton, Ontario |
| 8 | Cavan, Ontario |
| 9 | Cobourg, Ontario |
| 10 | Gores Landing, Ontario |
| 11 | Castleton, Ontario |
| 12 | Bewdley, Ontario |
| 13 | Millbrook, Ontario |
| 14 | Brechin, Ontario |
| 15 | Blackstock, Ontario |
| 16 | Bethany, Ontario |
| 17 | Clarington, Ontario |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 26.9% | |
| Qualification: | 23.1% | |
| Refinance: | 17.3% | |
| No Money Down: | 11.5% | |
| Renewal: | 7.7% | |
| Purchase: | 7.7% | |
| Fixed Rate: | 3.8% | |
| Commercial: | 1.9% | |
| Total Application Types Found: 8 | ||
Average age: 37
Oldest age: 67
Youngest age: 22
The numbers below represent the average income of applicants living in Port Hope who have applied for a mortgage loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Port Hope: | $51,032.35 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($8,466.12) |
| mortgage co-applicants in Port Hope: | $51,175.20 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $8,772.07 |
The following depicts the residential status of people living in Port Hope who have applied for a mortgage using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 53.8% | |
| Own: | 38.5% | |
| Other: | 1.9% | |
| Live with parents: | 5.8% |
The pie chart below represents the marital status of applicants from Port Hope, Ontario using the mortgage application found on canequity.com. Approximately 67% of the mortgage applicants are living common-law or married, while only 32% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 51.9% | |
| Single: | 26.9% | |
| Common-law: | 15.4% | |
| Separated: | 3.8% | |
| Divorced: | 1.9% |
