Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 20.71% | 0.06% |
| 2010: | 22.14% | 0.06% |
| 2009: | 7.86% | 0.02% |
| 2008: | 10.00% | 0.03% |
| 2007: | 11.43% | 0.03% |
| 2006: | 10.71% | 0.03% |
| 2005: | 8.57% | 0.02% |
| 2004: | 2.86% | 0.01% |
| 2003: | 2.86% | 0.01% |
| 2002: | 2.86% | 0.01% |
The following depicts the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Timmins usually occur during our second quarter (represented by the green bars) with 27.14% while our slowest is the first quarter (represented by the brown bars) with 23.57%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | October: | 15.0% | |
| 2: | June: | 12.1% | |
| 3: | February: | 10.0% | |
| 4: | September: | 10.0% | |
| 5: | April: | 7.9% | |
| 6: | March: | 7.9% | |
| 7: | May: | 7.1% | |
| 8: | July: | 7.1% | |
| 9: | August: | 7.1% | |
| 10: | November: | 5.7% | |
| 11: | January: | 5.7% | |
| 12: | December: | 4.3% |
The data below displays the busy days for mortgage applications that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Timmins, the day with the most volume, having more than 20.71% of all submissions, is Monday. In comparison, Sunday's are the slowest day with only 9.29% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 20.7% | |
| 2: | Wednesday: | 18.6% | |
| 3: | Tuesday: | 16.4% | |
| 4: | Thursday: | 12.9% | |
| 5: | Friday: | 12.1% | |
| 6: | Saturday: | 10.0% | |
| 7: | Sunday: | 9.3% |
Applications are received 24 hours a day from the CanEquity web site. The report shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years. Only 32.1% of all mortgages are received during the morning, while 66.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 1.4% |
| 05:00 to 05:59: | 0.7% |
| 06:00 to 06:59: | 2.9% |
| 07:00 to 07:59: | 4.3% |
| 08:00 to 08:59: | 5.7% |
| 09:00 to 09:59: | 7.9% |
| 10:00 to 10:59: | 5.0% |
| 11:00 to 11:59: | 5.7% |
| 12:00 to 12:59: | 7.9% |
| 13:00 to 13:59: | 7.1% |
| 14:00 to 14:59: | 5.7% |
| 15:00 to 15:59: | 7.9% |
| 16:00 to 16:59: | 8.6% |
| 17:00 to 17:59: | 4.3% |
| 18:00 to 18:59: | 7.1% |
| 19:00 to 19:59: | 5.0% |
| 20:00 to 20:59: | 5.7% |
| 21:00 to 21:59: | 5.7% |
| 23:00 to 23:59: | 1.4% |
| 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 | |
|---|---|---|
| 032: | NEPEAN, ON | 0.321% |
| 033: | NEWMARKET, ON | 0.302% |
| 034: | CORNWALL, ON | 0.285% |
| 035: | ORLEANS, ON | 0.276% |
| 036: | MILTON, ON | 0.266% |
| 037: | TIMMINS, ON | 0.264% |
| 038: | KANATA, ON | 0.262% |
| 039: | SARNIA, ON | 0.260% |
| 040: | WOODSTOCK, ON | 0.260% |
| 041: | THORNHILL, ON | 0.253% |
| 042: | BELLEVILLE, ON | 0.243% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 22.1% | |
| Purchase: | 18.6% | |
| No Money Down: | 17.1% | |
| First-time Buyer: | 17.1% | |
| Refinance: | 12.1% | |
| Renewal: | 5.0% | |
| Commercial: | 2.9% | |
| Pre-approval: | 2.1% | |
| Second Mortgage: | 1.4% | |
| Other: | 1.4% | |
| Total Application Types Found: 11 | ||
Average age: 35
Oldest age: 67
Youngest age: 19
The amounts below are the average income of applicants living in Timmins who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Timmins: | $57,407.19 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($2,091.28) |
| mortgage co-applicants in Timmins: | $38,541.70 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($3,861.43) |
The chart and pie-graph below depicts the residential status of people living in Timmins who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 44.3% | |
| Own: | 46.4% | |
| Other: | 3.6% | |
| No Comment: | 3.6% | |
| Live with parents: | 2.1% |
The information below shows the marital status of applicants from Timmins, Ontario using the mortgage application found at the CanEquity web site. Over 64% of the mortgage applicants are living with someone, while only 34% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 42.9% | |
| Single: | 27.1% | |
| Common-law: | 21.4% | |
| Divorced: | 3.6% | |
| Separated: | 3.6% | |
| Widowed: | 1.4% |
