Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 8.07% | * 0.39% |
| 2009: | 16.28% | 0.79% |
| 2008: | 13.24% | 0.64% |
| 2007: | 12.11% | 0.59% |
| 2006: | 12.34% | 0.60% |
| 2005: | 10.66% | 0.52% |
| 2004: | 10.11% | 0.49% |
| 2003: | 11.79% | 0.57% |
| 2002: | 5.40% | 0.26% |
The bar graph below represents the individual monthly volume history for Internet mortgage applications sent from Toronto, ON.
This bar graph illustrates the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Toronto happen to occur during our first quarter (represented by the brown bars) with 30.25% while our slowest is the fourth quarter (represented by the red bars) with 19.23%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 10.6% | |
| 2: | January: | 10.3% | |
| 3: | April: | 9.8% | |
| 4: | May: | 9.6% | |
| 5: | February: | 9.3% | |
| 6: | June: | 8.5% | |
| 7: | July: | 8.1% | |
| 8: | August: | 7.3% | |
| 9: | October: | 7.3% | |
| 10: | September: | 7.2% | |
| 11: | November: | 6.8% | |
| 12: | December: | 5.2% |
The data below compares the busy days for online inquiries that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Toronto, the day with the most volume, having more than 18.50% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 8.34% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 18.5% | |
| 2: | Monday: | 17.8% | |
| 3: | Wednesday: | 17.3% | |
| 4: | Thursday: | 14.5% | |
| 5: | Friday: | 12.8% | |
| 6: | Sunday: | 10.7% | |
| 7: | Saturday: | 8.3% |
| 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. |
Mortgage inquiries are received 24 hours a day on our web site. The statistics shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years. Only 38.0% of all mortgages are received before noon, 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: | 1.5% |
| 06:00 to 06:59: | 2.5% |
| 07:00 to 07:59: | 4.8% |
| 08:00 to 08:59: | 6.2% |
| 09:00 to 09:59: | 7.9% |
| 10:00 to 10:59: | 7.0% |
| 11:00 to 11:59: | 7.2% |
| 12:00 to 12:59: | 7.2% |
| 13:00 to 13:59: | 8.8% |
| 14:00 to 14:59: | 7.2% |
| 15:00 to 15:59: | 4.7% |
| 16:00 to 16:59: | 4.9% |
| 17:00 to 17:59: | 4.7% |
| 18:00 to 18:59: | 5.3% |
| 19:00 to 19:59: | 5.4% |
| 20:00 to 20:59: | 5.0% |
| 21:00 to 21:59: | 3.4% |
| 22:00 to 22:59: | 2.7% |
| 23:00 to 23:59: | 1.4% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.19% |
| British Columbia: | 10.79% |
| Manitoba: | 2.12% |
| New Brunswick: | 2.18% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.61% |
| Prince Edward Island: | 0.46% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.28% |
| Location | Contribution | |
|---|---|---|
| 001: | TORONTO, ON | 4.848% |
| 002: | MISSISSAUGA, ON | 2.586% |
| 003: | OTTAWA, ON | 2.434% |
| 004: | BRAMPTON, ON | 1.565% |
| 005: | LONDON, ON | 1.557% |
| 006: | HAMILTON, ON | 1.508% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 26.1% | |
| Qualification: | 24.2% | |
| No Money Down: | 11.0% | |
| Renewal: | 10.7% | |
| Refinance: | 9.1% | |
| Purchase: | 8.5% | |
| Variable Rate: | 3.1% | |
| Low Doc: | 1.7% | |
| Pre-approval: | 1.5% | |
| Commercial: | 1.1% | |
| 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: | $72,543.59 |
| applicants within all of Canada: | $58,945.81 |
| Difference: | $13,597.78 |
| mortgage co-applicants in Toronto: | $52,788.85 |
| co-applicants within all of Canada: | $41,508.27 |
| Difference: | $11,280.58 |
The table and pie chart below represents the residential status of people living in Toronto who have applied for a loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 53.5% | |
| Own: | 37.3% | |
| Other: | 2.1% | |
| No Comment: | 3.0% | |
| Live with parents: | 4.1% |
The following pie chart represents the marital status of applicants from Toronto, Ontario using the online mortgage application found on the CanEquity Mortgage web site. In Toronto, over 54% of the mortgage applicants are living common-law or married, while only 45% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 43.5% | |
| Single: | 38.3% | |
| Common-law: | 10.5% | |
| Divorced: | 4.0% | |
| Separated: | 3.0% | |
| Widowed: | 0.6% |
