Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| 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% |
The following displays the individual monthly volume history for Internet mortgage pre-approval applications originating from Sault Ste Marie, ON.
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%.
| Rank | Month | 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% |
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% |
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% |
| 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 | |
|---|---|---|
| 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% |
| 1 | Echo Bay, Ontario |
| 2 | Goulais River, Ontario |
| 3 | Garden River, Ontario |
| 4 | Bruce Mines, Ontario |
| 5 | Thessalon, Ontario |
| 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 | ||
Average age: 37
Oldest age: 66
Youngest age: 19
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) |
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% |
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% |
