Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 5.97% | 0.01% |
| 2010: | 8.21% | 0.02% |
| 2009: | 22.39% | 0.06% |
| 2008: | 12.69% | 0.03% |
| 2007: | 12.69% | 0.03% |
| 2006: | 9.70% | 0.03% |
| 2005: | 9.70% | 0.03% |
| 2004: | 5.22% | 0.01% |
| 2003: | 9.70% | 0.03% |
| 2002: | 3.73% | 0.01% |
The bar graph below displays the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Thornhill usually occur during our second quarter (represented by the green bars) with 32.84% while our slowest is the fourth quarter (represented by the red bars) with 16.42%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 12.7% | |
| 2: | April: | 11.2% | |
| 3: | February: | 9.7% | |
| 4: | July: | 9.7% | |
| 5: | January: | 9.0% | |
| 6: | March: | 9.0% | |
| 7: | June: | 9.0% | |
| 8: | December: | 8.2% | |
| 9: | August: | 8.2% | |
| 10: | October: | 6.7% | |
| 11: | September: | 5.2% | |
| 12: | November: | 1.5% |
The information listed below illustrates the busy days for online mortgage applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Thornhill, the day with the most volume, having more than 20.90% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 7.46% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 20.9% | |
| 2: | Tuesday: | 18.7% | |
| 3: | Wednesday: | 17.2% | |
| 4: | Friday: | 16.4% | |
| 5: | Sunday: | 11.2% | |
| 6: | Thursday: | 8.2% | |
| 7: | Saturday: | 7.5% |
Applications are received 24 hours a day on the CanEquity web site. The statistics shown below represents the busy hours in the day. The data is taken from all days of all years. Only 39.6% of all mortgages are received during the morning, while 59.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 0.7% |
| 05:00 to 05:59: | 1.5% |
| 06:00 to 06:59: | 1.5% |
| 07:00 to 07:59: | 4.5% |
| 08:00 to 08:59: | 4.5% |
| 09:00 to 09:59: | 9.0% |
| 10:00 to 10:59: | 7.5% |
| 11:00 to 11:59: | 11.2% |
| 12:00 to 12:59: | 7.5% |
| 13:00 to 13:59: | 12.7% |
| 14:00 to 14:59: | 4.5% |
| 15:00 to 15:59: | 3.0% |
| 16:00 to 16:59: | 4.5% |
| 17:00 to 17:59: | 8.2% |
| 18:00 to 18:59: | 3.7% |
| 19:00 to 19:59: | 5.2% |
| 20:00 to 20:59: | 4.5% |
| 21:00 to 21:59: | 5.2% |
| 22:00 to 22:59: | 0.7% |
| 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 | |
|---|---|---|
| 036: | MILTON, ON | 0.266% |
| 037: | TIMMINS, ON | 0.264% |
| 038: | KANATA, ON | 0.262% |
| 039: | SARNIA, ON | 0.260% |
| 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% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 22.4% | |
| First-time Buyer: | 17.9% | |
| Qualification: | 16.4% | |
| Purchase: | 15.7% | |
| Refinance: | 10.4% | |
| No Money Down: | 4.5% | |
| Variable Rate: | 3.7% | |
| Commercial: | 2.2% | |
| Equity Mortgage: | 2.2% | |
| Investment: | 2.2% | |
| Other: | 2.1% | |
| Total Application Types Found: 13 | ||
Average age: 41
Oldest age: 76
Youngest age: 22
The following depicts the average income of people living in Thornhill who have applied for a loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Thornhill: | $83,280.34 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $23,781.88 |
| mortgage co-applicants in Thornhill: | $48,769.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $6,365.87 |
The table and pie chart below represents the residential status of people living in Thornhill who have submitted a mortgage inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 32.8% | |
| Own: | 56.7% | |
| Other: | 3.0% | |
| No Comment: | 2.2% | |
| Live with parents: | 5.2% |
The pie chart below represents the marital status of applicants from Thornhill, Ontario using the mortgage application located at canequity.com. 70% of the mortgage applicants are living with someone, while only 28% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 67.9% | |
| Single: | 25.4% | |
| Common-law: | 3.0% | |
| Divorced: | 2.2% | |
| Separated: | 0.7% | |
| Widowed: | 0.7% |
