Scarborough Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 2.02% | * 0.02% |
| 2009: | 17.17% | 0.16% |
| 2008: | 10.10% | 0.09% |
| 2007: | 11.11% | 0.10% |
| 2006: | 13.13% | 0.12% |
| 2005: | 12.12% | 0.11% |
| 2004: | 12.37% | 0.12% |
| 2003: | 13.38% | 0.12% |
| 2002: | 8.59% | 0.08% |
The following bar graph shows the individual monthly volume history for Internet pre-approval applications from Scarborough, ON.
This graph shows the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Scarborough occur during our first quarter (represented by the brown bars) with 28.28% while our slowest is the second quarter (represented by the green bars) with 23.23%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 11.6% | |
| 2: | April: | 10.1% | |
| 3: | January: | 9.8% | |
| 4: | July: | 9.3% | |
| 5: | November: | 9.1% | |
| 6: | September: | 9.1% | |
| 7: | October: | 7.8% | |
| 8: | May: | 7.1% | |
| 9: | February: | 6.8% | |
| 10: | December: | 6.6% | |
| 11: | August: | 6.6% | |
| 12: | June: | 6.1% |
The information below compares the busy days for online applications that were received by the CanEquity web site. Each day is a representation of the combined 6-year total of all instances of that day. In Scarborough the busiest day, with approximately 18.69% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 10.61% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.7% | |
| 2: | Tuesday: | 18.2% | |
| 3: | Thursday: | 15.4% | |
| 4: | Wednesday: | 13.9% | |
| 5: | Sunday: | 12.4% | |
| 6: | Friday: | 10.9% | |
| 7: | Saturday: | 10.6% |
In Scarborough, mortgage applications are received 24 hours a day via the CanEquity web site. The statistics shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years. Only 33.6% of all mortgages are received during the morning, while 64.9% arrive in the afternoon.
| 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: | 0.3% |
| 04:00 to 04:59: | 0.5% |
| 05:00 to 05:59: | 1.3% |
| 06:00 to 06:59: | 1.8% |
| 07:00 to 07:59: | 3.8% |
| 08:00 to 08:59: | 4.5% |
| 09:00 to 09:59: | 7.3% |
| 10:00 to 10:59: | 7.8% |
| 11:00 to 11:59: | 6.3% |
| 12:00 to 12:59: | 7.3% |
| 13:00 to 13:59: | 9.1% |
| 14:00 to 14:59: | 4.5% |
| 15:00 to 15:59: | 6.3% |
| 16:00 to 16:59: | 3.5% |
| 17:00 to 17:59: | 6.6% |
| 18:00 to 18:59: | 4.8% |
| 19:00 to 19:59: | 7.1% |
| 20:00 to 20:59: | 8.8% |
| 21:00 to 21:59: | 2.8% |
| 22:00 to 22:59: | 3.0% |
| 23:00 to 23:59: | 1.0% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.11% |
| British Columbia: | 10.86% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.11% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.15% |
| Saskatchewan: | 5.06% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 003: | OTTAWA, ON | 2.410% |
| 004: | LONDON, ON | 1.598% |
| 005: | BRAMPTON, ON | 1.567% |
| 006: | HAMILTON, ON | 1.509% |
| 007: | KITCHENER, ON | 1.063% |
| 008: | SCARBOROUGH, ON | 0.928% |
| 009: | BARRIE, ON | 0.869% |
| 010: | WINDSOR, ON | 0.843% |
| 011: | BURLINGTON, ON | 0.818% |
| 012: | OAKVILLE, ON | 0.714% |
| 013: | OSHAWA, ON | 0.656% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 27.5% | |
| Qualification: | 24.5% | |
| No Money Down: | 13.6% | |
| Refinance: | 12.1% | |
| Renewal: | 9.3% | |
| Purchase: | 6.3% | |
| Variable Rate: | 1.8% | |
| Pre-approval: | 1.3% | |
| Second Mortgage: | 1.3% | |
| Low Doc: | 1.0% | |
| Other: | 1.3% | |
| 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 applied for a loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Scarborough: | $54,772.08 |
| applicants within all of Canada: | $58,592.40 |
| Difference: | ($3,820.33) |
| mortgage co-applicants in Scarborough: | $39,454.02 |
| co-applicants within all of Canada: | $41,278.89 |
| Difference: | ($1,824.87) |
The table and pie chart below represents the residential status of people living in Scarborough who have applied for a mortgage loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 52.3% | |
| Own: | 32.1% | |
| Other: | 1.5% | |
| No Comment: | 5.1% | |
| Live with parents: | 9.1% |
The information below shows the marital status of applicants from Scarborough, Ontario using the preapproval application found at canequity.com. In Scarborough, over 60% of the mortgage applicants are living common-law or married, while only 37% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 53.5% | |
| Single: | 30.6% | |
| Common-law: | 6.8% | |
| Separated: | 4.5% | |
| Divorced: | 2.8% | |
| Widowed: | 1.8% |
