Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 8.16% | 0.01% |
| 2010: | 6.12% | 0.01% |
| 2009: | 12.24% | 0.02% |
| 2008: | 14.29% | 0.03% |
| 2007: | 17.35% | 0.03% |
| 2006: | 8.16% | 0.01% |
| 2005: | 14.29% | 0.03% |
| 2004: | 8.16% | 0.01% |
| 2003: | 8.16% | 0.01% |
| 2002: | 3.06% | 0.01% |
The bar graph below depicts the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from St Thomas usually occur during our second quarter (represented by the green bars) with 28.57% while our slowest is the first quarter (represented by the brown bars) with 20.41%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | July: | 13.3% | |
| 2: | April: | 10.2% | |
| 3: | November: | 9.2% | |
| 4: | January: | 9.2% | |
| 5: | May: | 9.2% | |
| 6: | June: | 9.2% | |
| 7: | December: | 8.2% | |
| 8: | August: | 8.2% | |
| 9: | September: | 7.1% | |
| 10: | February: | 6.1% | |
| 11: | March: | 5.1% | |
| 12: | October: | 5.1% |
The graph listed below shows the busy days for Internet applications that were received by CanEquity's web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In St Thomas the most busy day of the week, with 25.51% of all inquiries, is Monday. In comparison, Sunday's are the slowest day with only 10.20% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 25.5% | |
| 2: | Wednesday: | 16.3% | |
| 3: | Tuesday: | 12.2% | |
| 4: | Friday: | 12.2% | |
| 5: | Saturday: | 12.2% | |
| 6: | Thursday: | 11.2% | |
| 7: | Sunday: | 10.2% |
Mortgage inquiries are received 24 hours a day from the CanEquity web site. The statistics shown below indicates the peak hours in the day. The data is taken from all days of all years. Only 33.7% of all mortgages are received during the morning, while 65.3% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 1.0% |
| 05:00 to 05:59: | 4.1% |
| 06:00 to 06:59: | 4.1% |
| 07:00 to 07:59: | 3.1% |
| 08:00 to 08:59: | 5.1% |
| 09:00 to 09:59: | 1.0% |
| 10:00 to 10:59: | 11.2% |
| 11:00 to 11:59: | 5.1% |
| 12:00 to 12:59: | 8.2% |
| 13:00 to 13:59: | 10.2% |
| 14:00 to 14:59: | 3.1% |
| 15:00 to 15:59: | 4.1% |
| 16:00 to 16:59: | 3.1% |
| 17:00 to 17:59: | 8.2% |
| 18:00 to 18:59: | 13.3% |
| 19:00 to 19:59: | 6.1% |
| 20:00 to 20:59: | 4.1% |
| 21:00 to 21:59: | 1.0% |
| 22:00 to 22:59: | 2.0% |
| 23:00 to 23:59: | 2.0% |
| 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 | |
|---|---|---|
| 044: | NORTH BAY, ON | 0.236% |
| 045: | STONEY CREEK, ON | 0.232% |
| 046: | WOODBRIDGE, ON | 0.217% |
| 047: | CHATHAM, ON | 0.211% |
| 048: | ORILLIA, ON | 0.208% |
| 049: | ST THOMAS, ON | 0.185% |
| 050: | AURORA, ON | 0.181% |
| 051: | ORANGEVILLE, ON | 0.164% |
| 052: | BROCKVILLE, ON | 0.155% |
| 053: | KESWICK, ON | 0.153% |
| 054: | GEORGETOWN, ON | 0.153% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 23.5% | |
| Refinance: | 18.4% | |
| No Money Down: | 16.3% | |
| First-time Buyer: | 15.3% | |
| Renewal: | 9.2% | |
| Purchase: | 9.2% | |
| Low Doc: | 2.0% | |
| Equity Mortgage: | 2.0% | |
| Fixed Rate: | 1.0% | |
| Pre-approval: | 1.0% | |
| Investment: | 1.0% | |
| Variable Rate: | 1.0% | |
| Total Application Types Found: 12 | ||
Average age: 38
Oldest age: 71
Youngest age: 21
The amounts shown below represent the average income of applicants living in St Thomas who have applied for a loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in St Thomas: | $49,148.18 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($10,350.29) |
| mortgage co-applicants in St Thomas: | $36,468.44 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($5,934.69) |
The following depicts the residential status of people living in St Thomas who have applied for a mortgage using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 43.9% | |
| Own: | 51.0% | |
| Other: | 1.0% | |
| No Comment: | 2.0% | |
| Live with parents: | 2.0% |
The following pie chart represents the marital status of applicants from St Thomas, Ontario using the preapproval application found on the CanEquity Mortgage web site. In St Thomas, approximately 74% of the mortgage applicants are living together with someone, while only 25% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 55.1% | |
| Common-law: | 19.4% | |
| Single: | 15.3% | |
| Separated: | 6.1% | |
| Divorced: | 4.1% |
