Sault Ste Marie Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 12.73% | * 0.05% |
| 2007: | 20.00% | 0.07% |
| 2006: | 27.27% | 0.10% |
| 2005: | 12.73% | 0.05% |
| 2004: | 12.73% | 0.05% |
| 2003: | 6.36% | 0.02% |
| 2002: | 8.18% | 0.03% |
The following bar graph displays the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Sault Ste Marie seem to occur during our first quarter (represented by the brown bars) with 31.82% while our slowest is the fourth quarter (represented by the red bars) with 16.36%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 15.4% | |
| 2: | February: | 14.6% | |
| 3: | March: | 10.0% | |
| 4: | July: | 9.1% | |
| 5: | November: | 8.2% | |
| 6: | June: | 8.2% | |
| 7: | January: | 7.3% | |
| 8: | September: | 7.3% | |
| 9: | May: | 6.4% | |
| 10: | August: | 5.5% | |
| 11: | October: | 5.5% | |
| 12: | December: | 2.7% |
The bar graph below shows 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 Sault Ste Marie, the day with the most volume, having more than 22.73% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 5.45% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 22.7% | |
| 2: | Thursday: | 20.0% | |
| 3: | Monday: | 19.1% | |
| 4: | Friday: | 12.7% | |
| 5: | Wednesday: | 10.0% | |
| 6: | Sunday: | 10.0% | |
| 7: | Saturday: | 5.5% |
In Sault Ste Marie, applications are received 24 hours a day via our web site. The following represents the rush hours over 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: | 3.6% |
| 01:00 to 01:59: | 0.9% |
| 05:00 to 05:59: | 1.8% |
| 06:00 to 06:59: | 2.7% |
| 07:00 to 07:59: | 2.7% |
| 08:00 to 08:59: | 6.4% |
| 09:00 to 09:59: | 2.7% |
| 10:00 to 10:59: | 8.2% |
| 11:00 to 11:59: | 10.0% |
| 12:00 to 12:59: | 5.5% |
| 13:00 to 13:59: | 6.4% |
| 14:00 to 14:59: | 10.9% |
| 15:00 to 15:59: | 6.4% |
| 16:00 to 16:59: | 5.5% |
| 17:00 to 17:59: | 5.5% |
| 18:00 to 18:59: | 5.5% |
| 19:00 to 19:59: | 2.7% |
| 20:00 to 20:59: | 3.6% |
| 21:00 to 21:59: | 3.6% |
| 22:00 to 22:59: | 5.5% |
| 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% |
| Location | Contribution | |
|---|---|---|
| 022: | MARKHAM, ON | 0.435% |
| 023: | PETERBOROUGH, ON | 0.379% |
| 024: | THUNDER BAY, ON | 0.376% |
| 025: | NIAGARA FALLS, ON | 0.372% |
| 026: | WHITBY, ON | 0.369% |
| 027: | SAULT STE MARIE, ON | 0.366% |
| 028: | AJAX, ON | 0.362% |
| 029: | WATERLOO, ON | 0.342% |
| 030: | PICKERING, ON | 0.339% |
| 031: | SUDBURY, ON | 0.319% |
| 032: | NEWMARKET, ON | 0.299% |
| 1 | Echo Bay, Ontario |
| 2 | Goulais River, Ontario |
| 3 | Bruce Mines, Ontario |
| 4 | Thessalon, Ontario |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 25.5% | |
| Qualification: | 20.0% | |
| No Money Down: | 17.3% | |
| Refinance: | 16.4% | |
| Renewal: | 7.3% | |
| Purchase: | 2.7% | |
| Fixed Rate: | 1.8% | |
| Pre-approval: | 1.8% | |
| Variable Rate: | 1.8% | |
| Commercial: | 0.9% | |
| Second Mortgage: | 0.9% | |
| Short Term Open: | 0.9% | |
| Home Renovation: | 0.9% | |
| Investment: | 0.9% | |
| Transfer: | 0.9% | |
| Total Application Types Found: 15 | ||
Average age: 36
Oldest age: 61
Youngest age: 19
The numbers below represent the average income of Canadians living in Sault Ste Marie who have applied for a loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Sault Ste Marie: | $41,069.32 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | ($15,278.17) |
| mortgage co-applicants in Sault Ste Marie: | $42,075.32 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | $2,744.62 |
The information shown below represents the residential status of people living in Sault Ste Marie who have applied for a loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 52.7% | |
| Own: | 33.6% | |
| Other: | 1.8% | |
| No Comment: | 7.3% | |
| Live with parents: | 4.5% |
The pie chart below represents the marital status of applicants from Sault Ste Marie, Ontario using the mortgage application found on canequity.com. In Sault Ste Marie, over 56% of the mortgage applicants are either married or living common-law, while only 42% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 43.6% | |
| Single: | 36.4% | |
| Common-law: | 12.7% | |
| Separated: | 5.5% | |
| Divorced: | 0.9% | |
| Widowed: | 0.9% |
