Toronto Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| 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% |
The following bar graph represents the individual monthly volume history for Internet mortgage applications submitted from Toronto, ON.
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%.
| Rank | Month | 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% |
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% |
| 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. |
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% |
| 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% |
| 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% |
| 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 | ||
Average age: 37
Oldest age: 85
Youngest age: 20
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 |
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% |
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% |
