Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 8.70% | 0.01% |
| 2010: | 6.52% | 0.01% |
| 2009: | 10.87% | 0.01% |
| 2008: | 10.87% | 0.01% |
| 2007: | 10.87% | 0.01% |
| 2006: | 2.17% | 0.00% |
| 2005: | 13.04% | 0.01% |
| 2004: | 21.74% | 0.02% |
| 2003: | 8.70% | 0.01% |
| 2002: | 6.52% | 0.01% |
The bar graph below displays the busy days for Internet applications that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In Smiths Falls the busiest day, with approximately 21.74% of all submissions, is Thursday. In comparison, Saturday's are the slowest day with only 6.52% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 21.7% | |
| 2: | Sunday: | 19.6% | |
| 3: | Tuesday: | 17.4% | |
| 4: | Wednesday: | 15.2% | |
| 5: | Monday: | 10.9% | |
| 6: | Friday: | 8.7% | |
| 7: | Saturday: | 6.5% |
Applications are received 24 hours a day on the CanEquity web site. The following indicates the busy hours over a 24-hour period. The data is taken from all days of all years. Only 43.5% of all mortgages are received during the morning, while 54.3% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 2.2% |
| 04:00 to 04:59: | 2.2% |
| 05:00 to 05:59: | 2.2% |
| 06:00 to 06:59: | 4.3% |
| 07:00 to 07:59: | 4.3% |
| 08:00 to 08:59: | 10.9% |
| 09:00 to 09:59: | 13.0% |
| 10:00 to 10:59: | 6.5% |
| 12:00 to 12:59: | 10.9% |
| 13:00 to 13:59: | 6.5% |
| 14:00 to 14:59: | 6.5% |
| 15:00 to 15:59: | 4.3% |
| 16:00 to 16:59: | 4.3% |
| 17:00 to 17:59: | 2.2% |
| 18:00 to 18:59: | 10.9% |
| 21:00 to 21:59: | 6.5% |
| 23:00 to 23:59: | 2.2% |
| 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 | |
|---|---|---|
| 076: | PORT HOPE, ON | 0.098% |
| 077: | LASALLE, ON | 0.098% |
| 078: | GLOUCESTER, ON | 0.096% |
| 079: | PEMBROKE, ON | 0.094% |
| 080: | FERGUS, ON | 0.091% |
| 081: | SMITHS FALLS, ON | 0.087% |
| 082: | MIDLAND, ON | 0.085% |
| 083: | STOUFFVILLE, ON | 0.085% |
| 084: | ACTON, ON | 0.083% |
| 085: | WATERDOWN, ON | 0.081% |
| 086: | BRACEBRIDGE, ON | 0.079% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 26.1% | |
| Qualification: | 19.6% | |
| Renewal: | 17.4% | |
| No Money Down: | 15.2% | |
| First-time Buyer: | 10.9% | |
| Commercial: | 6.5% | |
| Purchase: | 2.2% | |
| Second Mortgage: | 2.2% | |
| Total Application Types Found: 8 | ||
Average age: 40
Oldest age: 88
Youngest age: 23
The following depicts the average income of Canadians living in Smiths Falls who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Smiths Falls: | $51,329.93 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($8,168.54) |
| mortgage co-applicants in Smiths Falls: | $37,047.78 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($5,355.35) |
The following depicts the residential status of people living in Smiths Falls who have applied for a loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 37.0% | |
| Own: | 56.5% | |
| No Comment: | 4.3% | |
| Live with parents: | 2.2% |
The information below shows the marital status of applicants from Smiths Falls, Ontario using the mortgage preapproval application found at the CanEquity web site. In Smiths Falls, approximately 67% of the mortgage applicants are living common-law or married, while only 32% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 47.8% | |
| Single: | 26.1% | |
| Common-law: | 19.6% | |
| Separated: | 4.3% | |
| Divorced: | 2.2% |
