Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 8.70% | 0.02% |
| 2010: | 11.59% | 0.03% |
| 2009: | 12.32% | 0.03% |
| 2008: | 17.39% | 0.04% |
| 2007: | 10.87% | 0.03% |
| 2006: | 4.35% | 0.01% |
| 2005: | 10.15% | 0.03% |
| 2004: | 11.59% | 0.03% |
| 2003: | 8.70% | 0.02% |
| 2002: | 4.35% | 0.01% |
This graph represents the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Sarnia happen to occur during our second quarter (represented by the green bars) with 32.61% while our slowest is the third quarter (represented by the blue bars) with 16.67%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 14.5% | |
| 2: | March: | 13.8% | |
| 3: | May: | 9.4% | |
| 4: | October: | 9.4% | |
| 5: | January: | 8.7% | |
| 6: | June: | 8.7% | |
| 7: | November: | 8.0% | |
| 8: | December: | 5.8% | |
| 9: | August: | 5.8% | |
| 10: | September: | 5.8% | |
| 11: | February: | 5.1% | |
| 12: | July: | 5.1% |
The bar graph below displays the busy days for online applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Sarnia the busiest day, with 20.29% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 8.70% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 20.3% | |
| 2: | Wednesday: | 18.8% | |
| 3: | Sunday: | 15.2% | |
| 4: | Thursday: | 13.8% | |
| 5: | Tuesday: | 13.0% | |
| 6: | Friday: | 10.1% | |
| 7: | Saturday: | 8.7% |
Inquiries are received 24 hours a day from the CanEquity web site. The report shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 32.6% of all mortgages are received during the morning, while 63.0% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 2.2% |
| 01:00 to 01:59: | 0.7% |
| 02:00 to 02:59: | 1.4% |
| 03:00 to 03:59: | 1.4% |
| 04:00 to 04:59: | 1.4% |
| 05:00 to 05:59: | 1.4% |
| 06:00 to 06:59: | 3.6% |
| 07:00 to 07:59: | 3.6% |
| 08:00 to 08:59: | 4.3% |
| 09:00 to 09:59: | 4.3% |
| 10:00 to 10:59: | 5.8% |
| 11:00 to 11:59: | 6.5% |
| 12:00 to 12:59: | 9.4% |
| 13:00 to 13:59: | 6.5% |
| 14:00 to 14:59: | 8.0% |
| 15:00 to 15:59: | 5.1% |
| 16:00 to 16:59: | 2.9% |
| 17:00 to 17:59: | 7.2% |
| 18:00 to 18:59: | 8.0% |
| 19:00 to 19:59: | 2.9% |
| 20:00 to 20:59: | 1.4% |
| 21:00 to 21:59: | 6.5% |
| 22:00 to 22:59: | 3.6% |
| 23:00 to 23:59: | 1.4% |
| 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 | |
|---|---|---|
| 034: | CORNWALL, ON | 0.285% |
| 035: | ORLEANS, ON | 0.276% |
| 036: | MILTON, ON | 0.266% |
| 037: | TIMMINS, ON | 0.264% |
| 038: | KANATA, ON | 0.262% |
| 039: | SARNIA, ON | 0.260% |
| 040: | WOODSTOCK, ON | 0.260% |
| 041: | THORNHILL, ON | 0.253% |
| 042: | BELLEVILLE, ON | 0.243% |
| 043: | WELLAND, ON | 0.243% |
| 044: | NORTH BAY, ON | 0.236% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 19.6% | |
| First-time Buyer: | 18.8% | |
| No Money Down: | 16.7% | |
| Refinance: | 15.9% | |
| Purchase: | 9.4% | |
| Renewal: | 8.0% | |
| Low Doc: | 2.2% | |
| Pre-approval: | 2.2% | |
| Variable Rate: | 2.2% | |
| Fixed Rate: | 1.4% | |
| Commercial: | 1.4% | |
| Equity Mortgage: | 1.4% | |
| Other: | 0.7% | |
| Total Application Types Found: 13 | ||
Average age: 38
Oldest age: 72
Youngest age: 20
The following figures show the average income of Canadians living in Sarnia who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Sarnia: | $52,224.53 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($7,273.94) |
| mortgage co-applicants in Sarnia: | $34,258.65 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($8,144.48) |
The table and pie chart below represents the residential status of people living in Sarnia who have applied for a mortgage using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 46.4% | |
| Own: | 41.3% | |
| Other: | 4.3% | |
| No Comment: | 2.9% | |
| Live with parents: | 5.1% |
The following pie chart represents the marital status of applicants from Sarnia, Ontario using the mortgage application found on canequity.com. In Sarnia, approximately 63% of the mortgage applicants are living common-law or married, while only 34% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 46.4% | |
| Single: | 25.4% | |
| Common-law: | 17.4% | |
| Separated: | 5.8% | |
| Divorced: | 3.6% | |
| Widowed: | 1.4% |
