Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 5.83% | * 0.05% |
| 2009: | 16.50% | 0.15% |
| 2008: | 9.71% | 0.09% |
| 2007: | 10.68% | 0.10% |
| 2006: | 12.62% | 0.11% |
| 2005: | 11.65% | 0.11% |
| 2004: | 11.89% | 0.11% |
| 2003: | 12.86% | 0.12% |
| 2002: | 8.25% | 0.07% |
The graph below displays our website's individual monthly volume history for Internet pre-approval applications originating from Scarborough, ON.
The bar graph below illustrates the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Scarborough happen to occur during our first quarter (represented by the brown bars) with 27.91% while our slowest is the fourth quarter (represented by the red bars) with 22.57%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 11.9% | |
| 2: | April: | 10.7% | |
| 3: | January: | 9.5% | |
| 4: | July: | 9.2% | |
| 5: | November: | 8.7% | |
| 6: | September: | 8.7% | |
| 7: | May: | 7.5% | |
| 8: | October: | 7.5% | |
| 9: | August: | 6.8% | |
| 10: | February: | 6.5% | |
| 11: | June: | 6.5% | |
| 12: | December: | 6.3% |
The graph listed below shows the busy days for Internet applications that were received by CanEquity. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Scarborough the most busy day of the week, with 18.93% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 10.68% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.9% | |
| 2: | Tuesday: | 18.2% | |
| 3: | Thursday: | 15.1% | |
| 4: | Wednesday: | 13.8% | |
| 5: | Sunday: | 12.6% | |
| 6: | Friday: | 10.7% | |
| 7: | Saturday: | 10.7% |
Inquiries are received 24 hours a day from the CanEquity web site. The information shown below indicates the rush hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.0% |
| 01:00 to 01:59: | 0.5% |
| 03:00 to 03:59: | 0.2% |
| 04:00 to 04:59: | 0.5% |
| 05:00 to 05:59: | 1.2% |
| 06:00 to 06:59: | 1.7% |
| 07:00 to 07:59: | 3.9% |
| 08:00 to 08:59: | 4.9% |
| 09:00 to 09:59: | 7.3% |
| 10:00 to 10:59: | 7.8% |
| 11:00 to 11:59: | 6.1% |
| 12:00 to 12:59: | 7.3% |
| 13:00 to 13:59: | 9.0% |
| 14:00 to 14:59: | 4.6% |
| 15:00 to 15:59: | 6.6% |
| 16:00 to 16:59: | 3.6% |
| 17:00 to 17:59: | 6.6% |
| 18:00 to 18:59: | 4.6% |
| 19:00 to 19:59: | 7.3% |
| 20:00 to 20:59: | 9.0% |
| 21:00 to 21:59: | 2.7% |
| 22:00 to 22:59: | 2.9% |
| 23:00 to 23:59: | 1.0% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.20% |
| British Columbia: | 10.79% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.19% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.60% |
| Prince Edward Island: | 0.47% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.29% |
| Location | Contribution | |
|---|---|---|
| 003: | OTTAWA, ON | 2.430% |
| 004: | BRAMPTON, ON | 1.568% |
| 005: | LONDON, ON | 1.562% |
| 006: | HAMILTON, ON | 1.507% |
| 007: | KITCHENER, ON | 1.046% |
| 008: | SCARBOROUGH, ON | 0.904% |
| 009: | BARRIE, ON | 0.840% |
| 010: | WINDSOR, ON | 0.825% |
| 011: | BURLINGTON, ON | 0.814% |
| 012: | OAKVILLE, ON | 0.698% |
| 013: | OSHAWA, ON | 0.643% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 27.4% | |
| Qualification: | 24.3% | |
| No Money Down: | 13.6% | |
| Refinance: | 11.9% | |
| Renewal: | 9.5% | |
| Purchase: | 6.8% | |
| Variable Rate: | 1.9% | |
| Pre-approval: | 1.2% | |
| Second Mortgage: | 1.2% | |
| Low Doc: | 1.0% | |
| Other: | 1.2% | |
| Total Application Types Found: 13 | ||
Average age: 37
Oldest age: 80
Youngest age: 20
The numbers below represent the average income of Canadians living in Scarborough who have submitted an inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Scarborough: | $54,936.46 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | ($4,009.42) |
| mortgage co-applicants in Scarborough: | $39,358.77 |
| co-applicants within all of Canada: | $41,522.27 |
| Difference: | ($2,163.50) |
The following table represents the residential status of people living in Scarborough who have applied for a mortgage loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 52.2% | |
| Own: | 32.3% | |
| Other: | 1.7% | |
| No Comment: | 4.9% | |
| Live with parents: | 9.0% |
The following information represents the marital status of applicants from Scarborough, Ontario using the preapproval application located at the CanEquity web site. In Scarborough, approximately 59% of the mortgage applicants are either married or living common-law, while only 38% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 53.4% | |
| Single: | 30.6% | |
| Common-law: | 6.6% | |
| Separated: | 4.9% | |
| Divorced: | 2.7% | |
| Widowed: | 1.9% |
