Last report update for Sault Ste Marie: Sunday, March 14, 2010
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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
2010: * 4.46% * 0.02%
2009: 17.20% 0.06%
2008: 17.20% 0.06%
2007: 14.01% 0.05%
2006: 19.11% 0.07%
2005: 8.92% 0.03%
2004: 8.92% 0.03%
2003: 4.46% 0.02%
2002: 5.73% 0.02%

Note: * These values are the percentages up to Sunday, March 14, 2010. Estimated volume targets for the entire 2010 year are 20.38% and 0.07% respectively. ** Total national contribution of Sault Ste Marie mortgages in the past is currently 0.37% with a projected target of 0.43%.

Monthly Volume History for Mortgages from Sault Ste Marie

The graph below shows the individual monthly volume history for Internet applications originating from Sault Ste Marie, ON.


Monthly Volume Report for Sault Ste Marie Mortgages

Busy Months for Mortgage Inquiries within Sault Ste Marie

The following represents the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Sault Ste Marie happen to occur during our first quarter (represented by the brown bars) with 29.30% while our slowest is the fourth quarter (represented by the red bars) with 14.65%.

RankMonth Percentage
of Inquiries
1: April: 12.7%
2: February: 12.7%
3: July: 10.8%
4: March: 9.6%
5: June: 9.6%
6: September: 8.9%
7: November: 7.0%
8: January: 7.0%
9: May: 7.0%
10: August: 7.0%
11: October: 5.7%
12: December: 1.9%
Busy Months Report for Sault Ste Marie Mortgages

Busy Days for Online Applications within Sault Ste Marie

The data below displays the busy days for Internet mortgage applications that were received by CanEquity. Each day represents a combined total of all occurrences of that day in the past 5 years. In Sault Ste Marie the busiest day, with approximately 21.02% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 8.28% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 21.0%
2: Tuesday: 19.1%
3: Thursday: 18.5%
4: Wednesday: 12.1%
5: Friday: 11.5%
6: Sunday: 9.6%
7: Saturday: 8.3%
Busy Days Report for Sault Ste Marie Mortgages

Peak Hours for Mortgages within Sault Ste Marie

Inquiries are received 24 hours a day via our web site. The report shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years. Only 38.9% of all mortgages are received before noon, while 58.0% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 2.5%
01:00 to 01:59: 0.6%
05:00 to 05:59: 1.9%
06:00 to 06:59: 3.2%
07:00 to 07:59: 3.8%
08:00 to 08:59: 7.0%
09:00 to 09:59: 5.7%
10:00 to 10:59: 8.9%
11:00 to 11:59: 8.3%
12:00 to 12:59: 5.7%
13:00 to 13:59: 6.4%
14:00 to 14:59: 8.3%
15:00 to 15:59: 6.4%
16:00 to 16:59: 7.0%
17:00 to 17:59: 4.5%
18:00 to 18:59: 3.8%
19:00 to 19:59: 3.2%
20:00 to 20:59: 5.1%
21:00 to 21:59: 3.2%
22:00 to 22:59: 4.5%
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: 21.11%
British Columbia: 10.88%
Manitoba: 2.10%
New Brunswick: 2.10%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.90%
Northwest Territories: 0.32%
Nunavut: 0.08%
Ontario 48.83%
Prince Edward Island: 0.44%
Quebec: 4.14%
Saskatchewan: 5.07%
Yukon Territories: 0.26%
Sault Ste Marie Mortgages

Current City Standing within Ontario


Location Contribution
023:  AJAX, ON 0.407%
024:  THUNDER BAY, ON 0.397%
025:  PETERBOROUGH, ON 0.397%
026:  WATERLOO, ON 0.397%
027:  WHITBY, ON 0.376%
028:  SAULT STE MARIE, ON 0.369%
029:  SUDBURY, ON 0.360%
030:  PICKERING, ON 0.346%
031:  NIAGARA FALLS, ON 0.339%
032:  NEWMARKET, ON 0.310%
033:  NEPEAN, ON 0.303%

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: 23.6%
Qualification: 23.6%
No Money Down: 16.6%
Refinance: 16.6%
Renewal: 5.7%
Purchase: 5.1%
Variable Rate: 1.9%
Fixed Rate: 1.3%
Pre-approval: 1.3%
Other: 4.2%
 
Total Application Types Found: 16
 Sault Ste Marie Mortgage Product Popularity Pie Chart

Age Demographics for Sault Ste Marie Mortgage Applicants

Average age: 36
Oldest age: 66
Youngest age: 19


Incomes for Sault Ste Marie Mortgage Applicants

The numbers below represent the average income of Canadians living in Sault Ste Marie who have submitted a mortgage inquiry using the online application located at the CanEquity web site.

Average annual gross income for
mortgage applicants in Sault Ste Marie: $43,184.34
applicants within all of Canada: $58,581.24
Difference: ($15,396.91)
  
mortgage co-applicants in Sault Ste Marie: $41,291.47
co-applicants within all of Canada: $41,209.57
Difference: $81.90

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

Residential Status for Sault Ste Marie Mortgages

The information below represents the residential status of people living in Sault Ste Marie who have applied for a mortgage loan using the CanEquity mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 49.7%
Own: 39.5%
Other: 1.3%
No Comment: 5.1%
Live with parents: 4.5%
Sault Ste Marie Residential Status Pie Chart

Marital Statistics for Sault Ste Marie Mortgages

The information below shows the marital status of applicants from Sault Ste Marie, Ontario using the online mortgage application found on the CanEquity Mortgage web site. In Sault Ste Marie, 56% of the mortgage applicants are living together with someone, while only 43% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 42.7%
Single: 35.0%
Common-law: 13.4%
Separated: 5.1%
Divorced: 3.2%
Widowed: 0.6%
Sault Ste Marie Marital Status Pie Chart