Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 14.01% | 0.06% |
| 2010: | 8.21% | 0.03% |
| 2009: | 16.91% | 0.07% |
| 2008: | 12.08% | 0.05% |
| 2007: | 9.66% | 0.04% |
| 2006: | 12.08% | 0.05% |
| 2005: | 7.73% | 0.03% |
| 2004: | 8.21% | 0.03% |
| 2003: | 7.25% | 0.03% |
| 2002: | 3.87% | 0.01% |
The following illustrates CanEquity's individual monthly volume history for Internet mortgage pre-approval applications originating from Thunder Bay, ON.
The graph below represents the volumes of mortgage 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 30.43% while our slowest is the third quarter (represented by the blue bars) with 18.84%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 11.6% | |
| 2: | March: | 11.6% | |
| 3: | November: | 11.1% | |
| 4: | January: | 10.1% | |
| 5: | February: | 8.7% | |
| 6: | August: | 8.7% | |
| 7: | October: | 8.7% | |
| 8: | June: | 8.2% | |
| 9: | May: | 7.3% | |
| 10: | July: | 5.8% | |
| 11: | September: | 4.3% | |
| 12: | December: | 3.9% |
The information below plots the busy days for online inquiries that were received by the CanEquity web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Thunder Bay the busiest day, with 19.32% of all inquiries, is Tuesday. In comparison, Sunday's are the slowest day with only 11.11% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 19.3% | |
| 2: | Monday: | 17.9% | |
| 3: | Wednesday: | 14.0% | |
| 4: | Saturday: | 13.0% | |
| 5: | Thursday: | 13.0% | |
| 6: | Friday: | 11.6% | |
| 7: | Sunday: | 11.1% |
In Thunder Bay, mortgage applications are received 24 hours a day on the CanEquity web site. The time periods below indicates the rush hours in the day. The data is taken from all days of all years. Only 33.8% of all mortgages are received before noon, while 65.2% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.5% |
| 02:00 to 02:59: | 0.5% |
| 04:00 to 04:59: | 1.0% |
| 05:00 to 05:59: | 1.9% |
| 06:00 to 06:59: | 1.9% |
| 07:00 to 07:59: | 4.3% |
| 08:00 to 08:59: | 4.3% |
| 09:00 to 09:59: | 7.7% |
| 10:00 to 10:59: | 8.7% |
| 11:00 to 11:59: | 3.9% |
| 12:00 to 12:59: | 9.2% |
| 13:00 to 13:59: | 6.8% |
| 14:00 to 14:59: | 6.8% |
| 15:00 to 15:59: | 4.8% |
| 16:00 to 16:59: | 6.3% |
| 17:00 to 17:59: | 6.3% |
| 18:00 to 18:59: | 7.2% |
| 19:00 to 19:59: | 6.3% |
| 20:00 to 20:59: | 3.9% |
| 21:00 to 21:59: | 4.8% |
| 22:00 to 22:59: | 1.9% |
| 23:00 to 23:59: | 1.0% |
| 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 | |
|---|---|---|
| 022: | MARKHAM, ON | 0.438% |
| 023: | SAULT STE MARIE, ON | 0.428% |
| 024: | WATERLOO, ON | 0.423% |
| 025: | PETERBOROUGH, ON | 0.404% |
| 026: | AJAX, ON | 0.402% |
| 027: | THUNDER BAY, ON | 0.391% |
| 028: | WHITBY, ON | 0.383% |
| 029: | SUDBURY, ON | 0.381% |
| 030: | NIAGARA FALLS, ON | 0.334% |
| 031: | PICKERING, ON | 0.330% |
| 032: | NEPEAN, ON | 0.321% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 20.8% | |
| First-time Buyer: | 20.3% | |
| Qualification: | 16.9% | |
| Renewal: | 13.0% | |
| No Money Down: | 11.1% | |
| Purchase: | 10.6% | |
| Pre-approval: | 1.9% | |
| Second Mortgage: | 1.4% | |
| Investment: | 1.4% | |
| Commercial: | 1.0% | |
| Variable Rate: | 1.0% | |
| Other: | 0.5% | |
| Total Application Types Found: 12 | ||
Average age: 37
Oldest age: 64
Youngest age: 19
The following depicts the average income of Canadians living in Thunder Bay who have applied for a loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Thunder Bay: | $53,231.26 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($6,267.20) |
| mortgage co-applicants in Thunder Bay: | $39,934.87 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($2,468.26) |
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: | 37.7% | |
| Own: | 47.8% | |
| Other: | 4.8% | |
| No Comment: | 3.4% | |
| Live with parents: | 6.3% |
The following pie chart represents the marital status of applicants from Thunder Bay, Ontario using the mortgage preapproval application located at canequity.com. In Thunder Bay, over 57% of the mortgage applicants are living common-law or married, while only 41% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 44.0% | |
| Single: | 31.4% | |
| Common-law: | 13.0% | |
| Divorced: | 5.8% | |
| Separated: | 4.3% | |
| Widowed: | 1.4% |
