Toronto Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 9.23% | * 0.46% |
| 2007: | 17.61% | 0.88% |
| 2006: | 17.94% | 0.90% |
| 2005: | 15.50% | 0.78% |
| 2004: | 14.71% | 0.74% |
| 2003: | 17.15% | 0.86% |
| 2002: | 7.85% | 0.39% |
The following displays our website's individual monthly volume history for Internet mortgage applications from Toronto, ON.
This graph displays 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 32.72% while our slowest is the fourth quarter (represented by the red bars) with 20.51%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 11.5% | |
| 2: | February: | 10.6% | |
| 3: | March: | 10.6% | |
| 4: | May: | 9.3% | |
| 5: | April: | 9.2% | |
| 6: | July: | 7.9% | |
| 7: | November: | 7.7% | |
| 8: | October: | 7.7% | |
| 9: | June: | 7.5% | |
| 10: | September: | 6.5% | |
| 11: | August: | 6.3% | |
| 12: | December: | 5.2% |
The information listed below displays the busy days for mortgage applications that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In Toronto the most busy day of the week, with 18.01% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 8.97% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 18.0% | |
| 2: | Wednesday: | 17.6% | |
| 3: | Monday: | 17.0% | |
| 4: | Thursday: | 14.5% | |
| 5: | Friday: | 12.7% | |
| 6: | Sunday: | 11.3% | |
| 7: | Saturday: | 9.0% |
| 1: | 008 on Wednesday, January 11, 2006. |
| 2: | 006 on Thursday, January 12, 2006. |
| 3: | 006 on Thursday, October 6, 2005. |
| 4: | 006 on Thursday, January 17, 2008. |
| 5: | 006 on Thursday, May 8, 2008. |
| 6: | 005 on Wednesday, May 23, 2007. |
| 7: | 005 on Tuesday, June 11, 2002. |
| 8: | 005 on Thursday, May 5, 2005. |
| 9: | 005 on Monday, January 7, 2008. |
| 10: | 005 on Friday, July 7, 2006. |
In Toronto, mortgages are received 24 hours a day from the CanEquity web site. The information shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years. Only 36.5% of all mortgages are received before noon, while 62.1% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.7% |
| 01:00 to 01:59: | 0.5% |
| 02:00 to 02:59: | 0.3% |
| 03:00 to 03:59: | 0.3% |
| 04:00 to 04:59: | 0.3% |
| 05:00 to 05:59: | 1.3% |
| 06:00 to 06:59: | 2.0% |
| 07:00 to 07:59: | 5.1% |
| 08:00 to 08:59: | 6.1% |
| 09:00 to 09:59: | 7.1% |
| 10:00 to 10:59: | 7.3% |
| 11:00 to 11:59: | 6.9% |
| 12:00 to 12:59: | 6.9% |
| 13:00 to 13:59: | 9.4% |
| 14:00 to 14:59: | 7.4% |
| 15:00 to 15:59: | 4.8% |
| 16:00 to 16:59: | 4.9% |
| 17:00 to 17:59: | 4.9% |
| 18:00 to 18:59: | 5.5% |
| 19:00 to 19:59: | 5.5% |
| 20:00 to 20:59: | 4.7% |
| 21:00 to 21:59: | 3.6% |
| 22:00 to 22:59: | 2.8% |
| 23:00 to 23:59: | 1.5% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.48% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.78% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.35% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.59% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 001: | TORONTO, ON | 5.018% |
| 002: | MISSISSAUGA, ON | 2.625% |
| 003: | OTTAWA, ON | 2.334% |
| 004: | LONDON, ON | 1.632% |
| 005: | BRAMPTON, ON | 1.566% |
| 006: | HAMILTON, ON | 1.463% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 27.2% | |
| Qualification: | 25.9% | |
| Refinance: | 9.8% | |
| Renewal: | 9.7% | |
| No Money Down: | 9.6% | |
| Purchase: | 6.9% | |
| Variable Rate: | 3.9% | |
| Low Doc: | 1.4% | |
| Commercial: | 1.3% | |
| Pre-approval: | 1.3% | |
| Investment: | 1.0% | |
| Other: | 2% | |
| Total Application Types Found: 17 | ||
Average age: 37
Oldest age: 85
Youngest age: 20
The following figures show the average income of applicants living in Toronto who have applied for a home loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Toronto: | $70,013.65 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | $13,629.35 |
| mortgage co-applicants in Toronto: | $51,312.98 |
| co-applicants within all of Canada: | $39,375.53 |
| Difference: | $11,937.45 |
The chart and pie-graph below depicts the residential status of people living in Toronto who have submitted an inquiry using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 53.4% | |
| Own: | 35.6% | |
| Other: | 2.1% | |
| No Comment: | 4.4% | |
| Live with parents: | 4.6% |
The information below shows the marital status of applicants from Toronto, Ontario using the online mortgage application located at the CanEquity web site. Approximately 53% of the mortgage applicants are living with someone, while only 45% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 43.3% | |
| Single: | 39.7% | |
| Common-law: | 10.0% | |
| Divorced: | 4.0% | |
| Separated: | 2.2% | |
| Widowed: | 0.7% |
