Thunder Bay Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| 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% |
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%.
| Rank | Month | 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% |
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% |
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% |
| 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% |
| 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% |
| 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 | ||
Average age: 37
Oldest age: 64
Youngest age: 19
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) |
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% |
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% |
