Last report update for Richmond Hill: Tuesday, May 6, 2008
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Richmond Hill Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Applications from Richmond Hill

Year Year to Year
Comparison
** National
Contribution
2008: * 7.55% * 0.04%
2007: 10.69% 0.06%
2006: 20.13% 0.11%
2005: 13.21% 0.07%
2004: 20.75% 0.11%
2003: 21.38% 0.11%
2002: 6.29% 0.03%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 19.50% and 0.10% respectively. ** Total national contribution of Richmond Hill mortgages in the past is currently 0.53% with a projected target of 0.59%.

Monthly Volume History for Online Applications from Richmond Hill

The graph below illustrates CanEquity's individual monthly volume history for Internet applications received from Richmond Hill, ON.


Monthly Volume Report for Richmond Hill Mortgages

Busy Months for Applications within Richmond Hill

The following shows the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Richmond Hill usually occur during our first quarter (represented by the brown bars) with 33.33% while our slowest is the fourth quarter (represented by the red bars) with 18.87%.

RankMonth Percentage
of Inquiries
1: February: 13.8%
2: March: 10.7%
3: October: 10.7%
4: September: 9.4%
5: January: 8.8%
6: July: 8.8%
7: June: 8.2%
8: April: 7.5%
9: May: 6.9%
10: August: 6.9%
11: December: 5.7%
12: November: 2.5%
Busy Months Report for Richmond Hill Mortgages

Busy Days for Mortgages Originating within Richmond Hill

The graph below displays the busy days for Internet applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Richmond Hill, the day with the most volume, having more than 18.24% of all applications, is Wednesday. In comparison, Sunday's are the slowest day with only 7.55% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Wednesday: 18.2%
2: Tuesday: 17.6%
3: Monday: 14.5%
4: Friday: 14.5%
5: Saturday: 13.8%
6: Thursday: 13.8%
7: Sunday: 7.5%
Busy Days Report for Richmond Hill Mortgages

Peak Hours for Mortgages within Richmond Hill

In Richmond Hill, inquiries are received 24 hours a day from the CanEquity web site. The graph shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years. Only 44.7% of all mortgages are received before noon, while 54.1% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 0.6%
01:00 to 01:59: 0.6%
04:00 to 04:59: 0.6%
05:00 to 05:59: 2.5%
06:00 to 06:59: 5.7%
07:00 to 07:59: 6.9%
08:00 to 08:59: 5.0%
09:00 to 09:59: 8.8%
10:00 to 10:59: 6.3%
11:00 to 11:59: 8.8%
12:00 to 12:59: 4.4%
13:00 to 13:59: 5.0%
14:00 to 14:59: 5.7%
15:00 to 15:59: 4.4%
16:00 to 16:59: 4.4%
17:00 to 17:59: 4.4%
18:00 to 18:59: 8.2%
19:00 to 19:59: 4.4%
20:00 to 20:59: 6.3%
21:00 to 21:59: 5.0%
22:00 to 22:59: 1.3%
23:00 to 23:59: 0.6%
Peak Hours Graph for Mortgages in Richmond Hill

Note: Only hours that have had mortgages from Richmond Hill, Ontario are shown.

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
British Columbia: 11.49%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.12%
Nova Scotia: 2.77%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario 48.62%
Prince Edward Island: 0.36%
Quebec: 3.80%
Saskatchewan: 5.60%
Yukon Territories: 0.21%
Richmond Hill Mortgages

Current City Standing within Ontario


Location Contribution
014:  BRANTFORD, ON 0.572%
015:  ST CATHARINES, ON 0.572%
016:  ETOBICOKE, ON 0.558%
017:  GUELPH, ON 0.552%
018:  CAMBRIDGE, ON 0.542%
019:  RICHMOND HILL, ON 0.529%
020:  NORTH YORK, ON 0.505%
021:  KINGSTON, ON 0.489%
022:  MARKHAM, ON 0.435%
023:  PETERBOROUGH, ON 0.379%
024:  THUNDER BAY, ON 0.376%

Nearest Settlements


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Product Popularity for Richmond Hill


Mortgage Application
Form Type
  Percentage
of Inquiries
Renewal: 23.9%
Qualification: 20.1%
Refinance: 13.8%
First-time Buyer: 13.2%
Purchase: 9.4%
No Money Down: 6.3%
Variable Rate: 5.7%
Investment: 2.5%
Commercial: 1.9%
Equity Mortgage: 1.3%
Other: 1.8%
 
Total Application Types Found: 13
 Richmond Hill Mortgage Product Popularity Pie Chart

Age Demographics for Richmond Hill Mortgage Applicants

Average age: 40
Oldest age: 80
Youngest age: 23


Incomes for Richmond Hill Mortgage Applicants

The amounts below are the average income of people living in Richmond Hill who have submitted an inquiry using CanEquity's online mortgage application.

Average annual gross income for
mortgage applicants in Richmond Hill: $72,396.05
applicants within all of Canada: $56,347.50
Difference: $16,048.56
  
mortgage co-applicants in Richmond Hill: $56,807.99
co-applicants within all of Canada: $39,330.70
Difference: $17,477.29

Note: Commercial loan amounts were not included for this survey, only residential mortgage loans from Richmond Hill, Ontario were used.

Residential Status for Richmond Hill Mortgages

The following depicts the residential status of people living in Richmond Hill who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 30.2%
Own: 57.9%
No Comment: 4.4%
Live with parents: 7.5%
Richmond Hill Residential Status Pie Chart

Marital Stats for Richmond Hill Mortgages

The information below shows the marital status of applicants from Richmond Hill, Ontario using the online mortgage application found on canequity.com. In Richmond Hill, approximately 69% of the mortgage applicants are living common-law or married, while only 29% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 63.5%
Single: 23.9%
Common-law: 5.7%
Separated: 4.4%
Divorced: 1.3%
Widowed: 1.3%
Richmond Hill Marital Status Pie Chart