Simcoe Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 5.00% | * 0.01% |
| 2009: | 15.00% | 0.01% |
| 2008: | 25.00% | 0.02% |
| 2007: | 20.00% | 0.02% |
| 2006: | 7.50% | 0.01% |
| 2005: | 5.00% | 0.01% |
| 2004: | 5.00% | 0.01% |
| 2003: | 17.50% | 0.02% |
The information listed below illustrates the busy days for online mortgage applications that were received by CanEquity's web site. Each day is a representation of the combined 6-year total of all instances of that day. In Simcoe the busiest day, with approximately 17.50% of all applications, is Friday. In comparison, Sunday's are the slowest day with only 10.00% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Friday: | 17.5% | |
| 2: | Wednesday: | 17.5% | |
| 3: | Thursday: | 17.5% | |
| 4: | Tuesday: | 15.0% | |
| 5: | Monday: | 12.5% | |
| 6: | Saturday: | 10.0% | |
| 7: | Sunday: | 10.0% |
Mortgage applications are received 24 hours a day via the CanEquity web site. The report shown below represents the rush hours within a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 04:00 to 04:59: | 2.5% |
| 07:00 to 07:59: | 10.0% |
| 08:00 to 08:59: | 7.5% |
| 09:00 to 09:59: | 10.0% |
| 10:00 to 10:59: | 2.5% |
| 11:00 to 11:59: | 5.0% |
| 12:00 to 12:59: | 2.5% |
| 13:00 to 13:59: | 7.5% |
| 14:00 to 14:59: | 12.5% |
| 15:00 to 15:59: | 10.0% |
| 16:00 to 16:59: | 5.0% |
| 17:00 to 17:59: | 10.0% |
| 18:00 to 18:59: | 2.5% |
| 19:00 to 19:59: | 5.0% |
| 20:00 to 20:59: | 5.0% |
| 22:00 to 22:59: | 2.5% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| 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: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 072: | ALLISTON, ON | 0.106% |
| 073: | LASALLE, ON | 0.103% |
| 074: | GRIMSBY, ON | 0.101% |
| 075: | TILLSONBURG, ON | 0.099% |
| 076: | INNISFIL, ON | 0.099% |
| 077: | SIMCOE, ON | 0.094% |
| 078: | SMITHS FALLS, ON | 0.092% |
| 079: | PEMBROKE, ON | 0.092% |
| 080: | FERGUS, ON | 0.089% |
| 081: | MIDLAND, ON | 0.089% |
| 082: | TECUMSEH, ON | 0.087% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 25.0% | |
| First-time Buyer: | 22.5% | |
| Refinance: | 20.0% | |
| No Money Down: | 17.5% | |
| Variable Rate: | 7.5% | |
| Purchase: | 2.5% | |
| Commercial: | 2.5% | |
| Recreational: | 2.5% | |
| Total Application Types Found: 8 | ||
Average age: 37
Oldest age: 73
Youngest age: 21
The amounts below are the average income of applicants living in Simcoe 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 Simcoe: | $44,222.41 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | ($14,359.98) |
| mortgage co-applicants in Simcoe: | $35,412.45 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | ($5,813.37) |
The pie chart below shows the residential status of people living in Simcoe who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 40.0% | |
| Own: | 47.5% | |
| Other: | 5.0% | |
| Live with parents: | 7.5% |
The following information represents the marital status of applicants from Simcoe, Ontario using the preapproval application found on canequity.com. Over 50% of the mortgage applicants are living with someone, while only 50% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 42.5% | |
| Single: | 30.0% | |
| Separated: | 15.0% | |
| Common-law: | 7.5% | |
| Divorced: | 5.0% |
