Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 10.57% | * 0.03% |
| 2009: | 13.82% | 0.04% |
| 2008: | 19.51% | 0.05% |
| 2007: | 12.20% | 0.03% |
| 2006: | 4.88% | 0.01% |
| 2005: | 11.38% | 0.03% |
| 2004: | 13.01% | 0.04% |
| 2003: | 9.76% | 0.03% |
| 2002: | 4.88% | 0.01% |
The following displays the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Sarnia mostly occur during our second quarter (represented by the green bars) with 32.52% while our slowest is the third quarter (represented by the blue bars) with 18.70%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 14.6% | |
| 2: | April: | 13.8% | |
| 3: | May: | 9.8% | |
| 4: | January: | 8.9% | |
| 5: | June: | 8.9% | |
| 6: | November: | 8.1% | |
| 7: | August: | 6.5% | |
| 8: | September: | 6.5% | |
| 9: | December: | 5.7% | |
| 10: | February: | 5.7% | |
| 11: | July: | 5.7% | |
| 12: | October: | 5.7% |
The information listed below plots the busy days for online mortgage applications that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In Sarnia the busiest day, with approximately 21.95% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 8.94% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 21.9% | |
| 2: | Wednesday: | 18.7% | |
| 3: | Tuesday: | 13.8% | |
| 4: | Thursday: | 13.8% | |
| 5: | Sunday: | 13.0% | |
| 6: | Friday: | 9.8% | |
| 7: | Saturday: | 8.9% |
In Sarnia, applications are received 24 hours a day on the CanEquity web site. The following represents the peak hours within 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: | 1.6% |
| 02:00 to 02:59: | 1.6% |
| 03:00 to 03:59: | 0.8% |
| 04:00 to 04:59: | 1.6% |
| 05:00 to 05:59: | 1.6% |
| 06:00 to 06:59: | 4.1% |
| 07:00 to 07:59: | 4.1% |
| 08:00 to 08:59: | 4.1% |
| 09:00 to 09:59: | 4.9% |
| 10:00 to 10:59: | 6.5% |
| 11:00 to 11:59: | 6.5% |
| 12:00 to 12:59: | 8.1% |
| 13:00 to 13:59: | 7.3% |
| 14:00 to 14:59: | 8.9% |
| 15:00 to 15:59: | 4.1% |
| 16:00 to 16:59: | 3.3% |
| 17:00 to 17:59: | 8.1% |
| 18:00 to 18:59: | 8.9% |
| 19:00 to 19:59: | 2.4% |
| 20:00 to 20:59: | 0.8% |
| 21:00 to 21:59: | 7.3% |
| 22:00 to 22:59: | 2.4% |
| 23:00 to 23:59: | 0.8% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.21% |
| British Columbia: | 10.79% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.19% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.60% |
| Prince Edward Island: | 0.46% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.28% |
| Location | Contribution | |
|---|---|---|
| 033: | NEWMARKET, ON | 0.305% |
| 034: | CORNWALL, ON | 0.296% |
| 035: | KANATA, ON | 0.281% |
| 036: | ORLEANS, ON | 0.272% |
| 037: | THORNHILL, ON | 0.272% |
| 038: | SARNIA, ON | 0.270% |
| 039: | WOODSTOCK, ON | 0.261% |
| 040: | MILTON, ON | 0.259% |
| 041: | BELLEVILLE, ON | 0.255% |
| 042: | WELLAND, ON | 0.246% |
| 043: | WOODBRIDGE, ON | 0.231% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 20.3% | |
| First-time Buyer: | 20.3% | |
| No Money Down: | 17.9% | |
| Refinance: | 17.1% | |
| Renewal: | 7.3% | |
| Purchase: | 6.5% | |
| Pre-approval: | 2.4% | |
| Fixed Rate: | 1.6% | |
| Low Doc: | 1.6% | |
| Equity Mortgage: | 1.6% | |
| Variable Rate: | 1.6% | |
| Other: | 1.6% | |
| Total Application Types Found: 13 | ||
Average age: 38
Oldest age: 72
Youngest age: 20
The following depicts the average income of Canadians living in Sarnia who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Sarnia: | $50,362.93 |
| applicants within all of Canada: | $58,950.13 |
| Difference: | ($8,587.20) |
| mortgage co-applicants in Sarnia: | $33,503.05 |
| co-applicants within all of Canada: | $41,517.38 |
| Difference: | ($8,014.33) |
The table and pie chart below represents the residential status of people living in Sarnia who have applied for a home loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 44.7% | |
| Own: | 43.1% | |
| Other: | 4.1% | |
| No Comment: | 2.4% | |
| Live with parents: | 5.7% |
The pie chart below represents the marital status of applicants from Sarnia, Ontario using the online mortgage application found at the CanEquity web site. Approximately 63% of the mortgage applicants are living with someone, while only 34% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 46.3% | |
| Single: | 25.2% | |
| Common-law: | 17.1% | |
| Separated: | 6.5% | |
| Divorced: | 3.3% | |
| Widowed: | 1.6% |
