Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 13.01% | 0.03% |
| 2010: | 14.63% | 0.03% |
| 2009: | 11.38% | 0.03% |
| 2008: | 11.38% | 0.03% |
| 2007: | 6.50% | 0.01% |
| 2006: | 9.76% | 0.02% |
| 2005: | 10.57% | 0.03% |
| 2004: | 9.76% | 0.02% |
| 2003: | 10.57% | 0.03% |
| 2002: | 2.44% | 0.01% |
This graph illustrates the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Stoney Creek seem to occur during our second quarter (represented by the green bars) with 30.08% while our slowest is the fourth quarter (represented by the red bars) with 21.95%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 13.8% | |
| 2: | November: | 13.0% | |
| 3: | June: | 11.4% | |
| 4: | August: | 9.8% | |
| 5: | September: | 9.8% | |
| 6: | March: | 8.9% | |
| 7: | January: | 7.3% | |
| 8: | October: | 7.3% | |
| 9: | February: | 6.5% | |
| 10: | July: | 5.7% | |
| 11: | April: | 4.9% | |
| 12: | December: | 1.6% |
The graph below compares the busy days for online applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Stoney Creek, the day with the most volume, having more than 20.33% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 7.32% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 20.3% | |
| 2: | Tuesday: | 17.9% | |
| 3: | Friday: | 17.1% | |
| 4: | Wednesday: | 16.3% | |
| 5: | Thursday: | 12.2% | |
| 6: | Sunday: | 8.9% | |
| 7: | Saturday: | 7.3% |
Mortgage inquiries are received 24 hours a day via our web site. The information shown below represents the busy hours in the day. The data is taken from all days of all years. Only 36.6% of all mortgages are received during the morning, while 62.6% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.8% |
| 03:00 to 03:59: | 0.8% |
| 05:00 to 05:59: | 0.8% |
| 06:00 to 06:59: | 3.3% |
| 07:00 to 07:59: | 2.4% |
| 08:00 to 08:59: | 4.1% |
| 09:00 to 09:59: | 7.3% |
| 10:00 to 10:59: | 10.6% |
| 11:00 to 11:59: | 7.3% |
| 12:00 to 12:59: | 8.1% |
| 13:00 to 13:59: | 5.7% |
| 14:00 to 14:59: | 7.3% |
| 15:00 to 15:59: | 5.7% |
| 16:00 to 16:59: | 6.5% |
| 17:00 to 17:59: | 4.9% |
| 18:00 to 18:59: | 11.4% |
| 19:00 to 19:59: | 4.9% |
| 20:00 to 20:59: | 3.3% |
| 21:00 to 21:59: | 3.3% |
| 22:00 to 22:59: | 1.6% |
| 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 | |
|---|---|---|
| 040: | WOODSTOCK, ON | 0.260% |
| 041: | THORNHILL, ON | 0.253% |
| 042: | BELLEVILLE, ON | 0.243% |
| 043: | WELLAND, ON | 0.243% |
| 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% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 17.9% | |
| Refinance: | 16.3% | |
| First-time Buyer: | 15.4% | |
| No Money Down: | 14.6% | |
| Purchase: | 13.0% | |
| Renewal: | 9.8% | |
| Low Doc: | 1.6% | |
| Pre-approval: | 1.6% | |
| Commercial: | 1.6% | |
| Recreational: | 1.6% | |
| Equity Mortgage: | 1.6% | |
| Investment: | 1.6% | |
| Variable Rate: | 1.6% | |
| Other: | 1.6% | |
| Total Application Types Found: 15 | ||
Average age: 40
Oldest age: 73
Youngest age: 19
The numbers below represent the average income of people living in Stoney Creek who have applied for a home loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Stoney Creek: | $55,836.95 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($3,661.52) |
| mortgage co-applicants in Stoney Creek: | $43,609.79 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $1,206.66 |
The information below represents the residential status of people living in Stoney Creek who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 34.1% | |
| Own: | 53.7% | |
| Other: | 0.8% | |
| No Comment: | 2.4% | |
| Live with parents: | 8.9% |
The following pie chart represents the marital status of applicants from Stoney Creek, Ontario using the online mortgage application found on the CanEquity Mortgage web site. In Stoney Creek, approximately 55% of the mortgage applicants are living with someone, while only 43% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 47.2% | |
| Single: | 30.9% | |
| Divorced: | 8.1% | |
| Common-law: | 8.1% | |
| Separated: | 4.9% | |
| Widowed: | 0.8% |
