Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Thunder Bay: Wednesday, February 8, 2012   
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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
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%

Note: ** Total national contribution of Thunder Bay mortgages in the past is currently 0.39% with a projected target of 0.39%.

Monthly Volume History for Applications from Thunder Bay

The following illustrates CanEquity's individual monthly volume history for Internet mortgage pre-approval applications originating from Thunder Bay, ON.


Monthly Volume Report for Thunder Bay Mortgages

Busy Months for Online Applications within Thunder Bay

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%.

RankMonth 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%
Busy Months Report for Thunder Bay Mortgages

Busy Days for Applications within Thunder Bay

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%
Busy Days Report for Thunder Bay Mortgages

Peak Hours for Mortgage Applicants within Thunder Bay

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%
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: 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%
Thunder Bay Mortgages

Current City Standing within Ontario


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%

Nearest Settlements


1Murillo, Ontario
2Kaministiquia, Ontario
3Nolalu, Ontario


Product Popularity for Thunder Bay


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
 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 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)

Note: Commercial loan amounts were not included for this report, only residential loans from Thunder Bay, Ontario were used.

Residential Status for Thunder Bay Mortgage Applicants

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%
Thunder Bay Residential Status Pie Chart

Marital Stats for Thunder Bay Mortgage Applicants

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%
Thunder Bay Marital Status Pie Chart