Last report update for Toronto: Sunday, February 7, 2010
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Toronto Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Applications from Toronto

Year Year to Year
Comparison
** National
Contribution
2010: * 1.51% * 0.07%
2009: 17.44% 0.86%
2008: 14.19% 0.70%
2007: 12.97% 0.64%
2006: 13.22% 0.65%
2005: 11.42% 0.56%
2004: 10.84% 0.54%
2003: 12.63% 0.62%
2002: 5.78% 0.28%

Note: * These values are the percentages up to Sunday, February 7, 2010. Estimated volume targets for the entire 2010 year are 13.41% and 0.66% respectively. ** Total national contribution of Toronto mortgages in the past is currently 4.93% with a projected target of 5.52%.

Monthly Volume History for Mortgages from Toronto

The following bar graph represents the individual monthly volume history for Internet mortgage applications submitted from Toronto, ON.


Monthly Volume Report for Toronto Mortgages

Busy Months for Applications within Toronto

The 6-year bar graph below represents the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Toronto seem to occur during our first quarter (represented by the brown bars) with 29.64% while our slowest is the fourth quarter (represented by the red bars) with 20.60%.

RankMonth Percentage
of Inquiries
1: January: 11.1%
2: March: 9.5%
3: May: 9.4%
4: April: 9.1%
5: February: 9.0%
6: July: 8.2%
7: June: 8.1%
8: October: 7.8%
9: September: 7.7%
10: November: 7.3%
11: August: 7.2%
12: December: 5.5%
Busy Months Report for Toronto Mortgages

Busy Days for Mortgages within Toronto

The bar graph listed below illustrates the busy days for Internet applications that were received by CanEquity. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Toronto the most busy day of the week, with 18.46% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 8.11% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Tuesday: 18.5%
2: Monday: 17.7%
3: Wednesday: 17.3%
4: Thursday: 14.8%
5: Friday: 13.2%
6: Sunday: 10.5%
7: Saturday: 8.1%
Busy Days Report for Toronto Mortgages

Top 10 Days for Toronto Mortgage Inquiries


1: 008 on Wednesday, January 11, 2006.
2: 007 on Friday, April 24, 2009.
3: 006 on Monday, September 28, 2009.
4: 006 on Thursday, January 12, 2006.
5: 006 on Thursday, October 6, 2005.
6: 006 on Wednesday, May 13, 2009.
7: 006 on Thursday, January 17, 2008.
8: 006 on Thursday, May 8, 2008.
9: 005 on Wednesday, May 23, 2007.
10: 005 on Tuesday, June 11, 2002.

Note: These records do not include e-mails, contact forms, faxes, phone-ins or walk-ins.

Peak Hours for Mortgage Applicants within Toronto

In Toronto, applications are received 24 hours a day from the CanEquity web site. The graph shown below represents the busy hours in the day. The data is taken from all days of all years. Only 37.9% of all mortgages are received during the morning, while 60.7% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 0.7%
01:00 to 01:59: 0.4%
02:00 to 02:59: 0.2%
03:00 to 03:59: 0.3%
04:00 to 04:59: 0.6%
05:00 to 05:59: 1.4%
06:00 to 06:59: 2.4%
07:00 to 07:59: 4.9%
08:00 to 08:59: 6.3%
09:00 to 09:59: 7.8%
10:00 to 10:59: 7.0%
11:00 to 11:59: 7.3%
12:00 to 12:59: 7.2%
13:00 to 13:59: 8.9%
14:00 to 14:59: 7.1%
15:00 to 15:59: 4.7%
16:00 to 16:59: 5.1%
17:00 to 17:59: 4.7%
18:00 to 18:59: 5.3%
19:00 to 19:59: 5.2%
20:00 to 20:59: 5.0%
21:00 to 21:59: 3.5%
22:00 to 22:59: 2.6%
23:00 to 23:59: 1.3%
Peak Hours Graph for Mortgages in Toronto

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.14%
British Columbia: 10.92%
Manitoba: 2.10%
New Brunswick: 2.10%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.89%
Northwest Territories: 0.31%
Nunavut: 0.09%
Ontario 48.84%
Prince Edward Island: 0.43%
Quebec: 4.05%
Saskatchewan: 5.08%
Yukon Territories: 0.25%
Toronto Mortgages

Current City Standing within Ontario


Location Contribution
001:  TORONTO, ON 4.933%
002:  MISSISSAUGA, ON 2.610%
003:  OTTAWA, ON 2.380%
004:  LONDON, ON 1.587%
005:  BRAMPTON, ON 1.553%
006:  HAMILTON, ON 1.501%

Nearest Settlements


1Don Mills, Ontario
2East York, Ontario
3York, Ontario
4Scarborough, Ontario
5North York, Ontario
6Thornhill, Ontario
7Downsview, Ontario
8Etobicoke, Ontario
9Mississauga, Ontario
10Unionville, Ontario
11Kleinburg, Ontario
12Woodbridge, Ontario
13Vaughan, Ontario
14Willowdale, Ontario
15Bolton, Ontario
16Hornby, Ontario
17Maple, Ontario
18Concord, Ontario
19Kilbride, Ontario
20Puslinch, Ontario
21Pickering, Ontario
22Georgetown, Ontario
23Cheltenham, Ontario
24Campbellville, Ontario
25Oakville, Ontario
26Richmond Hill, Ontario
27Brampton, Ontario
28Rockwood, Ontario
29Ajax, Ontario
30Schomberg, Ontario
31Palgrave, Ontario
32Hillsburgh, Ontario
33Stouffville, Ontario
34King City, Ontario
35Milton, Ontario
36Gormley, Ontario
37Carlisle, Ontario
38Whitby, Ontario
39Caledon, Ontario
40Tottenham, Ontario
41Acton, Ontario
42Halton Hills, Ontario
43Aurora, Ontario
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45Markham, Ontario
46Freelton, Ontario
47Guelph, Ontario
48Sharon, Ontario
49Shelburne, Ontario
50Newmarket, Ontario
51Cookstown, Ontario
52Claremont, Ontario
53Greenwood, Ontario
54Newcastle, Ontario
55Troy, Ontario
56Oshawa, Ontario
57Orangeville, Ontario
58Cambridge, Ontario
59Bradford, Ontario
60Erin, Ontario
61Alton, Ontario
62Goodwood, Ontario


Product Popularity for Toronto


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 26.3%
Qualification: 24.0%
Renewal: 10.9%
No Money Down: 10.5%
Refinance: 9.2%
Purchase: 8.6%
Variable Rate: 3.2%
Low Doc: 1.7%
Pre-approval: 1.4%
Commercial: 1.2%
Investment: 0.9%
Other: 2.1%
 
Total Application Types Found: 17
 Toronto Mortgage Product Popularity Pie Chart

Age Demographics for Toronto Mortgage Applicants

Average age: 37
Oldest age: 85
Youngest age: 20


Incomes for Toronto Mortgage Applicants

The following figures show the average income of Canadians living in Toronto who have submitted an inquiry using the online application located at the CanEquity web site.

Average annual gross income for
mortgage applicants in Toronto: $71,925.66
applicants within all of Canada: $58,448.42
Difference: $13,477.24
  
mortgage co-applicants in Toronto: $53,387.80
co-applicants within all of Canada: $41,110.46
Difference: $12,277.35

Note: Commercial loan amounts were not included for this section, only residential loans amounts were used.

Residential Status for Toronto Based Mortgages

The chart and pie-graph below depicts the residential status of people living in Toronto who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 53.4%
Own: 37.0%
Other: 2.1%
No Comment: 3.2%
Live with parents: 4.3%
Toronto Residential Status Pie Chart

Marital Statistics for Toronto Based Mortgages

The following table and pie chart represents the marital status of applicants from Toronto, Ontario using the online mortgage application found on canequity.com. 54% of the mortgage applicants are living with someone, while only 45% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 43.7%
Single: 38.3%
Common-law: 10.5%
Divorced: 3.9%
Separated: 2.9%
Widowed: 0.6%
Toronto Marital Status Pie Chart