Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Sault Ste Marie: Wednesday, February 8, 2012   
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Sault Ste Marie Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Applications from Sault Ste Marie

Year Year to Year
Comparison
** National
Contribution
2011: 18.94% 0.08%
2010: 14.98% 0.06%
2009: 11.89% 0.05%
2008: 11.89% 0.05%
2007: 9.69% 0.04%
2006: 13.22% 0.06%
2005: 6.17% 0.03%
2004: 6.17% 0.03%
2003: 3.08% 0.01%
2002: 3.96% 0.02%

Note: ** Total national contribution of Sault Ste Marie mortgages in the past is currently 0.43% with a projected target of 0.43%.

Monthly Volume History for Mortgages Received from Sault Ste Marie

The following displays the individual monthly volume history for Internet mortgage pre-approval applications originating from Sault Ste Marie, ON.


Monthly Volume Report for Sault Ste Marie Mortgages

Busy Months for Applications within Sault Ste Marie

The bar graph below shows the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Sault Ste Marie usually occur during our third quarter (represented by the blue bars) with 31.72% while our slowest is the fourth quarter (represented by the red bars) with 15.42%.

RankMonth Percentage
of Inquiries
1: July: 13.7%
2: April: 10.6%
3: February: 10.6%
4: September: 10.1%
5: March: 8.8%
6: May: 8.4%
7: June: 8.4%
8: August: 7.9%
9: November: 7.0%
10: January: 6.2%
11: October: 6.2%
12: December: 2.2%
Busy Months Report for Sault Ste Marie Mortgages

Busy Days for Mortgages Originating within Sault Ste Marie

The graph below shows the busy days for mortgage inquiries that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Sault Ste Marie, the day with the most volume, generating 19.82% of all applications, is Monday. In comparison, Sunday's are the slowest day with only 10.13% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 19.8%
2: Thursday: 17.2%
3: Tuesday: 16.7%
4: Friday: 13.2%
5: Wednesday: 11.9%
6: Saturday: 11.0%
7: Sunday: 10.1%
Busy Days Report for Sault Ste Marie Mortgages

Peak Hours for Mortgages within Sault Ste Marie

Applications are received 24 hours a day via the CanEquity web site. The report shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years. Only 34.4% of all mortgages are received during the morning, while 63.4% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 1.8%
01:00 to 01:59: 0.4%
04:00 to 04:59: 0.4%
05:00 to 05:59: 1.3%
06:00 to 06:59: 3.1%
07:00 to 07:59: 3.1%
08:00 to 08:59: 6.6%
09:00 to 09:59: 5.3%
10:00 to 10:59: 7.5%
11:00 to 11:59: 7.0%
12:00 to 12:59: 7.0%
13:00 to 13:59: 7.0%
14:00 to 14:59: 8.4%
15:00 to 15:59: 6.2%
16:00 to 16:59: 7.5%
17:00 to 17:59: 4.4%
18:00 to 18:59: 4.8%
19:00 to 19:59: 4.8%
20:00 to 20:59: 4.4%
21:00 to 21:59: 4.8%
22:00 to 22:59: 4.0%
Peak Hours Graph for Mortgages in Sault Ste Marie

Note: Only hours that have had mortgages from Sault Ste Marie, Ontario are shown.

Ontario Mortgage Originations Compared to all other Provinces


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%
Sault Ste Marie Mortgages

Current City Standing within Ontario


Location Contribution
018:  BRANTFORD, ON 0.515%
019:  RICHMOND HILL, ON 0.512%
020:  NORTH YORK, ON 0.510%
021:  KINGSTON, ON 0.508%
022:  MARKHAM, ON 0.438%
023:  SAULT STE MARIE, ON 0.428%
024:  WATERLOO, ON 0.423%
025:  PETERBOROUGH, ON 0.404%
026:  AJAX, ON 0.402%
027:  THUNDER BAY, ON 0.391%
028:  WHITBY, ON 0.383%

Nearest Settlements


1Echo Bay, Ontario
2Goulais River, Ontario
3Garden River, Ontario
4Bruce Mines, Ontario
5Thessalon, Ontario


Product Popularity for Sault Ste Marie


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 23.8%
Qualification: 21.1%
No Money Down: 16.3%
Purchase: 13.7%
Refinance: 12.3%
Renewal: 4.4%
Pre-approval: 1.3%
Variable Rate: 1.3%
Fixed Rate: 0.9%
Commercial: 0.9%
Second Mortgage: 0.9%
HELOC: 0.9%
Other: 2%
 
Total Application Types Found: 17
 Sault Ste Marie Mortgage Product Popularity Pie Chart

Age Demographics for Sault Ste Marie Originated Mortgages

Average age: 37
Oldest age: 66
Youngest age: 19


Incomes for Sault Ste Marie Originated Mortgages

The figures below represent the average income of applicants living in Sault Ste Marie who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.

Average annual gross income for
mortgage applicants in Sault Ste Marie: $46,894.28
applicants within all of Canada: $59,498.47
Difference: ($12,604.19)
  
mortgage co-applicants in Sault Ste Marie: $41,565.99
co-applicants within all of Canada: $42,403.13
Difference: ($837.14)

Note: Commercial loans were not included for this section, only residential mortgage loans were used.

Residential Status for Sault Ste Marie Mortgage Applicants

The table and pie chart below represents the residential status of people living in Sault Ste Marie who have applied for a home loan using CanEquity's online mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 53.3%
Own: 34.4%
Other: 3.1%
No Comment: 3.5%
Live with parents: 5.7%
Sault Ste Marie Residential Status Pie Chart

Marital Status for Sault Ste Marie Mortgage Applicants

The following table and pie chart represents the marital status of applicants from Sault Ste Marie, Ontario using the mortgage preapproval application located at canequity.com. Approximately 59% of the mortgage applicants are living with someone, while only 40% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 42.7%
Single: 31.7%
Common-law: 16.3%
Separated: 5.7%
Divorced: 2.6%
Widowed: 0.9%
Sault Ste Marie Marital Status Pie Chart