Last report update for Sault Ste Marie: Tuesday, May 6, 2008
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Sault Ste Marie Mortgage
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Sault Ste Marie Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages from Sault Ste Marie

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%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 33.64% and 0.12% respectively. ** Total national contribution of Sault Ste Marie mortgages in the past is currently 0.37% with a projected target of 0.44%.

Busy Months for Mortgages within Sault Ste Marie

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%.

RankMonth 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%
Busy Months Report for Sault Ste Marie Mortgages

Busy Days for Mortgage Inquiries within Sault Ste Marie

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%
Busy Days Report for Sault Ste Marie Mortgages

Peak Hours for Mortgages within Sault Ste Marie

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%
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: 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%
Sault Ste Marie Mortgages

Current City Standing within Ontario


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%

Nearest Settlements


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


Product Popularity for Sault Ste Marie


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
 Sault Ste Marie Mortgage Product Popularity Pie Chart

Age Demographics for Sault Ste Marie Mortgages

Average age: 36
Oldest age: 61
Youngest age: 19


Incomes for Sault Ste Marie Mortgages

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

Note: Commercial Mortgage loans were not included for this survey, only residential mortgage loans from Sault Ste Marie, Ontario were used.

Residential Status for Sault Ste Marie Mortgage Applicants

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%
Sault Ste Marie Residential Status Pie Chart

Marital Status for Sault Ste Marie Mortgage Applicants

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%
Sault Ste Marie Marital Status Pie Chart