Thunder Bay Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 4.73% | * 0.02% |
| 2009: | 20.71% | 0.08% |
| 2008: | 14.79% | 0.06% |
| 2007: | 11.83% | 0.05% |
| 2006: | 14.79% | 0.06% |
| 2005: | 9.47% | 0.04% |
| 2004: | 10.06% | 0.04% |
| 2003: | 8.88% | 0.04% |
| 2002: | 4.73% | 0.02% |
The following depicts the individual monthly volume history for Internet mortgage pre-approval applications from Thunder Bay, ON.
The 6-year bar graph below shows the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Thunder Bay happen to occur during our first quarter (represented by the brown bars) with 31.36% while our slowest is the third quarter (represented by the blue bars) with 18.34%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 11.8% | |
| 2: | November: | 11.2% | |
| 3: | April: | 10.7% | |
| 4: | February: | 10.1% | |
| 5: | March: | 9.5% | |
| 6: | October: | 9.5% | |
| 7: | June: | 8.3% | |
| 8: | August: | 7.7% | |
| 9: | May: | 7.1% | |
| 10: | July: | 5.9% | |
| 11: | September: | 4.7% | |
| 12: | December: | 3.5% |
The information listed below displays the busy days for online mortgage applications that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Thunder Bay the busiest day, with 21.30% of all inquiries, is Tuesday. In comparison, Sunday's are the slowest day with only 10.06% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 21.3% | |
| 2: | Monday: | 16.6% | |
| 3: | Wednesday: | 14.2% | |
| 4: | Friday: | 13.6% | |
| 5: | Thursday: | 13.0% | |
| 6: | Saturday: | 11.2% | |
| 7: | Sunday: | 10.1% |
In Thunder Bay, mortgage applications are received 24 hours a day via the CanEquity web site. The time periods below indicates the peak hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.6% |
| 02:00 to 02:59: | 0.6% |
| 04:00 to 04:59: | 1.2% |
| 05:00 to 05:59: | 1.2% |
| 06:00 to 06:59: | 2.4% |
| 07:00 to 07:59: | 3.6% |
| 08:00 to 08:59: | 4.1% |
| 09:00 to 09:59: | 7.1% |
| 10:00 to 10:59: | 8.9% |
| 11:00 to 11:59: | 4.7% |
| 12:00 to 12:59: | 10.1% |
| 13:00 to 13:59: | 7.7% |
| 14:00 to 14:59: | 7.1% |
| 15:00 to 15:59: | 4.1% |
| 16:00 to 16:59: | 5.9% |
| 17:00 to 17:59: | 6.5% |
| 18:00 to 18:59: | 5.9% |
| 19:00 to 19:59: | 6.5% |
| 20:00 to 20:59: | 4.7% |
| 21:00 to 21:59: | 4.1% |
| 22:00 to 22:59: | 1.8% |
| 23:00 to 23:59: | 1.2% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 020: | KINGSTON, ON | 0.533% |
| 021: | NORTH YORK, ON | 0.481% |
| 022: | MARKHAM, ON | 0.448% |
| 023: | AJAX, ON | 0.406% |
| 024: | WATERLOO, ON | 0.399% |
| 025: | THUNDER BAY, ON | 0.397% |
| 026: | PETERBOROUGH, ON | 0.397% |
| 027: | WHITBY, ON | 0.378% |
| 028: | SAULT STE MARIE, ON | 0.369% |
| 029: | SUDBURY, ON | 0.359% |
| 030: | PICKERING, ON | 0.345% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 22.5% | |
| Refinance: | 20.7% | |
| Qualification: | 17.8% | |
| No Money Down: | 13.0% | |
| Renewal: | 13.0% | |
| Purchase: | 7.1% | |
| Second Mortgage: | 1.8% | |
| Investment: | 1.8% | |
| Variable Rate: | 1.2% | |
| Other: | 1.2% | |
| Total Application Types Found: 11 | ||
Average age: 37
Oldest age: 64
Youngest age: 19
The following depicts the average income of people living in Thunder Bay who have applied for a loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Thunder Bay: | $49,316.95 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | ($9,265.44) |
| mortgage co-applicants in Thunder Bay: | $39,409.75 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | ($1,816.07) |
The following depicts the residential status of people living in Thunder Bay who have applied for a mortgage loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 37.9% | |
| Own: | 47.3% | |
| Other: | 5.3% | |
| No Comment: | 3.6% | |
| Live with parents: | 5.9% |
The pie chart below represents the marital status of applicants from Thunder Bay, Ontario using the mortgage application found at the CanEquity web site. Approximately 55% of the mortgage applicants are living together with someone, while only 42% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 44.4% | |
| Single: | 32.5% | |
| Common-law: | 11.2% | |
| Divorced: | 5.9% | |
| Separated: | 4.1% | |
| Widowed: | 1.8% |
