Scarborough Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 6.36% | * 0.06% |
| 2007: | 14.72% | 0.15% |
| 2006: | 17.39% | 0.17% |
| 2005: | 16.05% | 0.16% |
| 2004: | 16.39% | 0.16% |
| 2003: | 17.73% | 0.18% |
| 2002: | 11.37% | 0.11% |
The 6-year bar graph below represents the individual monthly volume history for Internet pre-approval applications received from Scarborough, ON.
This graph depicts the volumes of mortgage 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 29.77% while our slowest is the fourth quarter (represented by the red bars) with 22.07%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 12.4% | |
| 2: | April: | 12.0% | |
| 3: | July: | 10.4% | |
| 4: | January: | 9.7% | |
| 5: | September: | 9.0% | |
| 6: | November: | 8.0% | |
| 7: | February: | 7.7% | |
| 8: | October: | 7.7% | |
| 9: | May: | 6.7% | |
| 10: | December: | 6.3% | |
| 11: | August: | 5.3% | |
| 12: | June: | 4.7% |
The graph below illustrates the busy days for mortgage inquiries that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In Scarborough the busiest day, with approximately 21.40% of all submissions, is Tuesday. In comparison, Friday's are the slowest day with only 9.70% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 21.4% | |
| 2: | Monday: | 17.7% | |
| 3: | Wednesday: | 14.1% | |
| 4: | Thursday: | 14.1% | |
| 5: | Sunday: | 12.0% | |
| 6: | Saturday: | 11.0% | |
| 7: | Friday: | 9.7% |
Mortgage inquiries are received 24 hours a day via the CanEquity web site. The statistics shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 33.4% of all mortgages are received during the morning, while 65.9% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.3% |
| 01:00 to 01:59: | 0.3% |
| 04:00 to 04:59: | 0.3% |
| 05:00 to 05:59: | 1.3% |
| 06:00 to 06:59: | 1.3% |
| 07:00 to 07:59: | 3.7% |
| 08:00 to 08:59: | 4.0% |
| 09:00 to 09:59: | 7.7% |
| 10:00 to 10:59: | 8.7% |
| 11:00 to 11:59: | 6.4% |
| 12:00 to 12:59: | 8.7% |
| 13:00 to 13:59: | 8.7% |
| 14:00 to 14:59: | 4.7% |
| 15:00 to 15:59: | 5.7% |
| 16:00 to 16:59: | 3.7% |
| 17:00 to 17:59: | 7.7% |
| 18:00 to 18:59: | 4.0% |
| 19:00 to 19:59: | 7.4% |
| 20:00 to 20:59: | 7.7% |
| 21:00 to 21:59: | 3.0% |
| 22:00 to 22:59: | 3.7% |
| 23:00 to 23:59: | 1.0% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.49% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.12% |
| Nova Scotia: | 2.77% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.36% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.60% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 002: | MISSISSAUGA, ON | 2.633% |
| 003: | OTTAWA, ON | 2.337% |
| 004: | LONDON, ON | 1.636% |
| 005: | BRAMPTON, ON | 1.572% |
| 006: | HAMILTON, ON | 1.466% |
| 007: | SCARBOROUGH, ON | 0.994% |
| 008: | KITCHENER, ON | 0.977% |
| 009: | WINDSOR, ON | 0.927% |
| 010: | BARRIE, ON | 0.924% |
| 011: | BURLINGTON, ON | 0.851% |
| 012: | OAKVILLE, ON | 0.708% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 28.4% | |
| Qualification: | 26.1% | |
| Refinance: | 14.0% | |
| Renewal: | 9.4% | |
| No Money Down: | 8.7% | |
| Purchase: | 6.0% | |
| Variable Rate: | 2.0% | |
| Pre-approval: | 1.7% | |
| 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 following figures show the average income of people living in Scarborough who have applied for a mortgage loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Scarborough: | $54,185.64 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | ($2,161.86) |
| mortgage co-applicants in Scarborough: | $38,140.45 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | ($1,190.25) |
The information shown below represents the residential status of people living in Scarborough who have submitted an inquiry using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 49.8% | |
| Own: | 32.8% | |
| Other: | 1.0% | |
| No Comment: | 6.7% | |
| Live with parents: | 9.7% |
The following pie chart represents the marital status of applicants from Scarborough, Ontario using the mortgage application found on canequity.com. Over 59% of the mortgage applicants are living together with someone, while only 39% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 52.5% | |
| Single: | 31.1% | |
| Common-law: | 6.7% | |
| Separated: | 5.0% | |
| Divorced: | 3.3% | |
| Widowed: | 1.3% |
