Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 11.30% | 0.10% |
| 2010: | 5.97% | 0.05% |
| 2009: | 14.50% | 0.13% |
| 2008: | 8.53% | 0.08% |
| 2007: | 9.38% | 0.08% |
| 2006: | 11.09% | 0.10% |
| 2005: | 10.23% | 0.09% |
| 2004: | 10.45% | 0.09% |
| 2003: | 11.30% | 0.10% |
| 2002: | 7.25% | 0.06% |
This graph displays our website's individual monthly volume history for Internet mortgage applications from Scarborough, ON.
The graph below illustrates the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Scarborough usually occur during our third quarter (represented by the blue bars) with 26.65% while our slowest is the fourth quarter (represented by the red bars) with 22.60%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 10.7% | |
| 2: | April: | 10.2% | |
| 3: | July: | 9.8% | |
| 4: | September: | 9.4% | |
| 5: | January: | 9.2% | |
| 6: | November: | 8.7% | |
| 7: | October: | 7.9% | |
| 8: | August: | 7.5% | |
| 9: | May: | 7.3% | |
| 10: | June: | 6.8% | |
| 11: | February: | 6.6% | |
| 12: | December: | 6.0% |
The graph listed below compares the busy days for online inquiries that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Scarborough the busiest day, with 19.19% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 11.09% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 19.2% | |
| 2: | Tuesday: | 18.1% | |
| 3: | Thursday: | 14.3% | |
| 4: | Wednesday: | 14.1% | |
| 5: | Sunday: | 12.2% | |
| 6: | Friday: | 11.1% | |
| 7: | Saturday: | 11.1% |
In Scarborough, mortgage applications are received 24 hours a day via our web site. The report shown below represents the rush hours in the day. The data is taken from all days of all years. Only 34.3% of all mortgages are received before noon, while 64.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.9% |
| 01:00 to 01:59: | 0.4% |
| 03:00 to 03:59: | 0.2% |
| 04:00 to 04:59: | 0.9% |
| 05:00 to 05:59: | 1.1% |
| 06:00 to 06:59: | 1.7% |
| 07:00 to 07:59: | 4.5% |
| 08:00 to 08:59: | 4.7% |
| 09:00 to 09:59: | 7.0% |
| 10:00 to 10:59: | 8.3% |
| 11:00 to 11:59: | 6.0% |
| 12:00 to 12:59: | 6.6% |
| 13:00 to 13:59: | 9.6% |
| 14:00 to 14:59: | 5.1% |
| 15:00 to 15:59: | 6.6% |
| 16:00 to 16:59: | 4.1% |
| 17:00 to 17:59: | 6.2% |
| 18:00 to 18:59: | 4.9% |
| 19:00 to 19:59: | 6.8% |
| 20:00 to 20:59: | 8.3% |
| 21:00 to 21:59: | 2.6% |
| 22:00 to 22:59: | 2.8% |
| 23:00 to 23:59: | 0.9% |
| 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 | |
|---|---|---|
| 003: | OTTAWA, ON | 2.261% |
| 004: | LONDON, ON | 1.546% |
| 005: | BRAMPTON, ON | 1.493% |
| 006: | HAMILTON, ON | 1.472% |
| 007: | KITCHENER, ON | 1.048% |
| 008: | SCARBOROUGH, ON | 0.885% |
| 009: | BARRIE, ON | 0.823% |
| 010: | WINDSOR, ON | 0.804% |
| 011: | BURLINGTON, ON | 0.791% |
| 012: | GUELPH, ON | 0.681% |
| 013: | OAKVILLE, ON | 0.670% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 24.9% | |
| Qualification: | 21.5% | |
| No Money Down: | 13.0% | |
| Purchase: | 11.3% | |
| Refinance: | 11.1% | |
| Renewal: | 9.4% | |
| Commercial: | 2.3% | |
| Variable Rate: | 1.7% | |
| Pre-approval: | 1.3% | |
| Second Mortgage: | 1.1% | |
| Low Doc: | 0.9% | |
| HELOC: | 0.9% | |
| Other: | 0.6% | |
| Total Application Types Found: 14 | ||
Average age: 38
Oldest age: 80
Youngest age: 20
The amounts below are the average income of applicants living in Scarborough who have submitted an inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Scarborough: | $55,579.20 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($3,919.27) |
| mortgage co-applicants in Scarborough: | $40,092.94 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($2,310.19) |
The pie chart below shows the residential status of people living in Scarborough who have submitted a mortgage inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 50.5% | |
| Own: | 32.8% | |
| Other: | 2.3% | |
| No Comment: | 4.3% | |
| Live with parents: | 10.0% |
The pie chart below represents the marital status of applicants from Scarborough, Ontario using the mortgage application found on the CanEquity Mortgage web site. In Scarborough, 60% of the mortgage applicants are living with someone, while only 37% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 54.2% | |
| Single: | 30.3% | |
| Common-law: | 6.8% | |
| Separated: | 4.5% | |
| Divorced: | 2.3% | |
| Widowed: | 1.9% |
