Simcoe Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 21.43% | * 0.02% |
| 2007: | 28.57% | 0.03% |
| 2006: | 10.71% | 0.01% |
| 2005: | 7.14% | 0.01% |
| 2004: | 7.14% | 0.01% |
| 2003: | 25.00% | 0.02% |
The bar graph listed below compares the busy days for 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 most busy day of the week, with 17.86% of all applications, is Tuesday. In comparison, Monday's are the slowest day with only 7.14% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 17.9% | |
| 2: | Wednesday: | 17.9% | |
| 3: | Thursday: | 17.9% | |
| 4: | Friday: | 14.3% | |
| 5: | Saturday: | 14.3% | |
| 6: | Sunday: | 10.7% | |
| 7: | Monday: | 7.1% |
Applications are received 24 hours a day on our web site. The statistics shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years. Only 39.3% of all mortgages are received before noon, while 60.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 07:00 to 07:59: | 10.7% |
| 08:00 to 08:59: | 3.6% |
| 09:00 to 09:59: | 14.3% |
| 10:00 to 10:59: | 3.6% |
| 11:00 to 11:59: | 7.1% |
| 12:00 to 12:59: | 3.6% |
| 13:00 to 13:59: | 10.7% |
| 14:00 to 14:59: | 10.7% |
| 15:00 to 15:59: | 7.1% |
| 16:00 to 16:59: | 7.1% |
| 17:00 to 17:59: | 10.7% |
| 20:00 to 20:59: | 7.1% |
| 22:00 to 22:59: | 3.6% |
| 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 | |
|---|---|---|
| 075: | ALLISTON, ON | 0.100% |
| 076: | AMHERSTBURG, ON | 0.096% |
| 077: | TILLSONBURG, ON | 0.096% |
| 078: | BROOKLIN, ON | 0.093% |
| 079: | TECUMSEH, ON | 0.093% |
| 080: | SIMCOE, ON | 0.093% |
| 081: | GLOUCESTER, ON | 0.090% |
| 082: | LEAMINGTON, ON | 0.090% |
| 083: | WATERDOWN, ON | 0.090% |
| 084: | FERGUS, ON | 0.086% |
| 085: | MIDLAND, ON | 0.083% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 25.0% | |
| First-time Buyer: | 25.0% | |
| No Money Down: | 21.4% | |
| Qualification: | 17.9% | |
| Variable Rate: | 7.1% | |
| Commercial: | 3.6% | |
| Total Application Types Found: 6 | ||
Average age: 36
Oldest age: 73
Youngest age: 21
The numbers below represent the average income of Canadians living in Simcoe who have applied for a home loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Simcoe: | $42,926.81 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | ($13,420.68) |
| mortgage co-applicants in Simcoe: | $32,953.70 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | ($6,377.00) |
The information below represents the residential status of people living in Simcoe who have applied for a loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 35.7% | |
| Own: | 50.0% | |
| Other: | 7.1% | |
| Live with parents: | 7.1% |
The information below shows the marital status of applicants from Simcoe, Ontario using the mortgage preapproval application found at canequity.com. 57% of the mortgage applicants are living with someone, while only 42% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 46.4% | |
| Single: | 25.0% | |
| Separated: | 14.3% | |
| Common-law: | 10.7% | |
| Divorced: | 3.6% |
