Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 22.22% | 0.01% |
| 2010: | 14.82% | 0.01% |
| 2008: | 22.22% | 0.01% |
| 2007: | 14.82% | 0.01% |
| 2005: | 11.11% | 0.01% |
| 2004: | 3.70% | 0.00% |
| 2003: | 7.41% | 0.00% |
| 2002: | 3.70% | 0.00% |
The bar graph below plots the busy days for mortgage applications that were received by the CanEquity web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Prescott the most busy day of the week, with 25.93% of all inquiries, is Tuesday. In comparison, Sunday's are the slowest day with only 3.70% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 25.9% | |
| 2: | Monday: | 18.5% | |
| 3: | Saturday: | 18.5% | |
| 4: | Thursday: | 14.8% | |
| 5: | Friday: | 11.1% | |
| 6: | Wednesday: | 7.4% | |
| 7: | Sunday: | 3.7% |
Prescott mortgage applications are received 24 hours a day via the CanEquity web site. The following represents the busy hours in the day. The data is taken from all days of all years. Only 25.9% of all mortgages are received before noon, while 74.1% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 06:00 to 06:59: | 3.7% |
| 07:00 to 07:59: | 3.7% |
| 08:00 to 08:59: | 3.7% |
| 09:00 to 09:59: | 3.7% |
| 10:00 to 10:59: | 3.7% |
| 11:00 to 11:59: | 7.4% |
| 12:00 to 12:59: | 3.7% |
| 13:00 to 13:59: | 7.4% |
| 14:00 to 14:59: | 7.4% |
| 15:00 to 15:59: | 14.8% |
| 16:00 to 16:59: | 7.4% |
| 17:00 to 17:59: | 3.7% |
| 18:00 to 18:59: | 14.8% |
| 19:00 to 19:59: | 7.4% |
| 21:00 to 21:59: | 3.7% |
| 23:00 to 23:59: | 3.7% |
| 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 | |
|---|---|---|
| 122: | HARROW, ON | 0.051% |
| 123: | VAUGHAN, ON | 0.051% |
| 124: | GANANOQUE, ON | 0.051% |
| 125: | STURGEON FALLS, ON | 0.051% |
| 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% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 25.9% | |
| Refinance: | 22.2% | |
| Purchase: | 14.8% | |
| No Money Down: | 14.8% | |
| Qualification: | 11.1% | |
| Renewal: | 3.7% | |
| Low Doc: | 3.7% | |
| Investment: | 3.7% | |
| Total Application Types Found: 8 | ||
Average age: 36
Oldest age: 51
Youngest age: 21
The following figures show the average income of people living in Prescott who have submitted a mortgage inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Prescott: | $40,584.85 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($18,913.61) |
| mortgage co-applicants in Prescott: | $26,472.50 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($15,930.63) |
The chart and pie-graph below depicts the residential status of people living in Prescott who have applied for a mortgage using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 51.9% | |
| Own: | 37.0% | |
| No Comment: | 3.7% | |
| Live with parents: | 7.4% |
The following pie chart represents the marital status of applicants from Prescott, Ontario using the mortgage application found at the CanEquity web site. In Prescott, 77% of the mortgage applicants are living with someone, while only 22% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 51.9% | |
| Common-law: | 25.9% | |
| Single: | 18.5% | |
| Separated: | 3.7% |
