Last report update for Thunder Bay: Tuesday, May 13, 2008
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Thunder Bay Mortgage
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Thunder Bay Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Online Applications from Thunder Bay

Year Year to Year
Comparison
** National
Contribution
2008: * 10.62% * 0.04%
2007: 17.70% 0.07%
2006: 22.12% 0.08%
2005: 14.16% 0.05%
2004: 15.04% 0.06%
2003: 13.27% 0.05%
2002: 7.08% 0.03%

Note: * These values are the percentages up to Tuesday, May 13, 2008. Estimated volume targets for the entire 2008 year are 26.55% and 0.10% respectively. ** Total national contribution of Thunder Bay mortgages in the past is currently 0.37% with a projected target of 0.43%.

Busy Months for Mortgage Inquiries within Thunder Bay

The following bar graph represents the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Thunder Bay occur during our first quarter (represented by the brown bars) with 32.74% while our slowest is the third quarter (represented by the blue bars) with 15.04%.

RankMonth Percentage
of Inquiries
1: April: 14.2%
2: January: 12.4%
3: October: 11.5%
4: November: 10.6%
5: March: 10.6%
6: February: 9.7%
7: May: 6.2%
8: July: 6.2%
9: August: 5.3%
10: June: 5.3%
11: December: 4.4%
12: September: 3.5%
Busy Months Report for Thunder Bay Mortgages

Busy Days for Mortgages Originating within Thunder Bay

The bar graph listed below compares the busy days for mortgage inquiries that were received by CanEquity. A combined total of all occurrences of each day are represented for the past 5 years. In Thunder Bay, the day with the most volume, having more than 22.12% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 8.85% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Tuesday: 22.1%
2: Thursday: 16.8%
3: Monday: 14.2%
4: Friday: 13.3%
5: Wednesday: 13.3%
6: Saturday: 11.5%
7: Sunday: 8.8%
Busy Days Report for Thunder Bay Mortgages

Peak Hours for Mortgages within Thunder Bay

Mortgage inquiries are received 24 hours a day from the CanEquity web site. The information shown below represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 32.7% of all mortgages are received before noon, while 66.4% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
02:00 to 02:59: 0.9%
04:00 to 04:59: 1.8%
05:00 to 05:59: 1.8%
06:00 to 06:59: 1.8%
07:00 to 07:59: 4.4%
08:00 to 08:59: 3.5%
09:00 to 09:59: 6.2%
10:00 to 10:59: 8.8%
11:00 to 11:59: 4.4%
12:00 to 12:59: 7.1%
13:00 to 13:59: 6.2%
14:00 to 14:59: 6.2%
15:00 to 15:59: 4.4%
16:00 to 16:59: 6.2%
17:00 to 17:59: 8.0%
18:00 to 18:59: 7.1%
19:00 to 19:59: 5.3%
20:00 to 20:59: 6.2%
21:00 to 21:59: 5.3%
22:00 to 22:59: 2.7%
23:00 to 23:59: 1.8%
Peak Hours Graph for Mortgages in Thunder Bay

Note: Only hours that have had mortgages from Thunder Bay, Ontario are shown.

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
British Columbia: 11.48%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.78%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario 48.62%
Prince Edward Island: 0.35%
Quebec: 3.80%
Saskatchewan: 5.59%
Yukon Territories: 0.21%
Thunder Bay Mortgages

Current City Standing within Ontario


Location Contribution
020:  NORTH YORK, ON 0.503%
021:  KINGSTON, ON 0.490%
022:  MARKHAM, ON 0.437%
023:  PETERBOROUGH, ON 0.381%
024:  NIAGARA FALLS, ON 0.377%
025:  THUNDER BAY, ON 0.374%
026:  WHITBY, ON 0.371%
027:  SAULT STE MARIE, ON 0.367%
028:  AJAX, ON 0.364%
029:  WATERLOO, ON 0.341%
030:  PICKERING, ON 0.338%

Nearest Settlements


1Kaministiquia, Ontario


Product Popularity for Thunder Bay


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 26.5%
First-time Buyer: 23.0%
Qualification: 16.8%
No Money Down: 12.4%
Renewal: 11.5%
Purchase: 5.3%
Second Mortgage: 2.7%
Investment: 0.9%
Variable Rate: 0.9%
 
Total Application Types Found: 9
 Thunder Bay Mortgage Product Popularity Pie Chart

Age Demographics for Thunder Bay Mortgages

Average age: 37
Oldest age: 64
Youngest age: 19


Incomes for Thunder Bay Mortgages

The numbers below represent the average income of applicants living in Thunder Bay who have submitted an inquiry using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Thunder Bay: $50,062.28
applicants within all of Canada: $56,384.30
Difference: ($6,322.02)
  
mortgage co-applicants in Thunder Bay: $37,815.82
co-applicants within all of Canada: $39,375.53
Difference: ($1,559.72)

Note: Commercial Mortgages were not included for this report, only residential loans were used.

Residential Status for Thunder Bay Based Mortgages

The chart and pie-graph below depicts the residential status of people living in Thunder Bay who have submitted an inquiry using the pre-approval application on CanEquity's web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 38.9%
Own: 47.8%
Other: 2.7%
No Comment: 5.3%
Live with parents: 5.3%
Thunder Bay Residential Status Pie Chart

Marital Status for Thunder Bay Based Mortgages

The pie chart below represents the marital status of applicants from Thunder Bay, Ontario using the preapproval application found at the CanEquity web site. In Thunder Bay, 57% of the mortgage applicants are living with someone, while only 41% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 46.9%
Single: 30.1%
Common-law: 10.6%
Divorced: 7.1%
Separated: 4.4%
Widowed: 0.9%
Thunder Bay Marital Status Pie Chart