Toronto Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2009: | * 10.80% | * 0.54% |
| 2008: | 15.62% | 0.78% |
| 2007: | 14.28% | 0.71% |
| 2006: | 14.55% | 0.72% |
| 2005: | 12.57% | 0.62% |
| 2004: | 11.93% | 0.59% |
| 2003: | 13.90% | 0.69% |
| 2002: | 6.36% | 0.32% |
The following depicts the individual monthly volume history for Internet mortgage applications sent from Toronto, ON.
This graph shows the volumes of online 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 30.96% while our slowest is the fourth quarter (represented by the red bars) with 19.73%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 10.8% | |
| 2: | March: | 10.5% | |
| 3: | May: | 10.4% | |
| 4: | April: | 10.0% | |
| 5: | February: | 9.7% | |
| 6: | June: | 8.8% | |
| 7: | July: | 7.4% | |
| 8: | October: | 7.4% | |
| 9: | November: | 7.1% | |
| 10: | September: | 6.4% | |
| 11: | August: | 6.3% | |
| 12: | December: | 5.2% |
The bar graph below compares the busy days for online applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Toronto the busiest day of the week, with 18.34% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 8.61% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 18.3% | |
| 2: | Wednesday: | 17.6% | |
| 3: | Monday: | 17.3% | |
| 4: | Thursday: | 14.7% | |
| 5: | Friday: | 12.8% | |
| 6: | Sunday: | 10.6% | |
| 7: | Saturday: | 8.6% |
| 1: | 008 on Wednesday, January 11, 2006. |
| 2: | 007 on Friday, April 24, 2009. |
| 3: | 006 on Thursday, January 12, 2006. |
| 4: | 006 on Thursday, October 6, 2005. |
| 5: | 006 on Wednesday, May 13, 2009. |
| 6: | 006 on Thursday, January 17, 2008. |
| 7: | 006 on Thursday, May 8, 2008. |
| 8: | 005 on Wednesday, May 23, 2007. |
| 9: | 005 on Tuesday, June 11, 2002. |
| 10: | 005 on Monday, March 23, 2009. |
Mortgage applications are received 24 hours a day on the CanEquity web site. The time periods below represents the busy hours over a 24-hour period. The data is taken from all days of all years.
| 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: | 0.3% |
| 03:00 to 03:59: | 0.3% |
| 04:00 to 04:59: | 0.5% |
| 05:00 to 05:59: | 1.3% |
| 06:00 to 06:59: | 2.3% |
| 07:00 to 07:59: | 4.9% |
| 08:00 to 08:59: | 6.3% |
| 09:00 to 09:59: | 7.4% |
| 10:00 to 10:59: | 7.0% |
| 11:00 to 11:59: | 7.3% |
| 12:00 to 12:59: | 6.9% |
| 13:00 to 13:59: | 9.1% |
| 14:00 to 14:59: | 7.3% |
| 15:00 to 15:59: | 4.8% |
| 16:00 to 16:59: | 5.1% |
| 17:00 to 17:59: | 4.8% |
| 18:00 to 18:59: | 5.5% |
| 19:00 to 19:59: | 5.4% |
| 20:00 to 20:59: | 4.9% |
| 21:00 to 21:59: | 3.4% |
| 22:00 to 22:59: | 2.8% |
| 23:00 to 23:59: | 1.4% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.30% |
| British Columbia: | 10.97% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.03% |
| Newfoundland and Labrador: | 1.12% |
| Nova Scotia: | 2.78% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 49.00% |
| Prince Edward Island: | 0.40% |
| Quebec: | 3.87% |
| Saskatchewan: | 5.19% |
| Yukon Territories: | 0.22% |
| Location | Contribution | |
|---|---|---|
| 001: | TORONTO, ON | 4.969% |
| 002: | MISSISSAUGA, ON | 2.609% |
| 003: | OTTAWA, ON | 2.383% |
| 004: | LONDON, ON | 1.615% |
| 005: | BRAMPTON, ON | 1.565% |
| 006: | HAMILTON, ON | 1.501% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 26.7% | |
| Qualification: | 24.2% | |
| Renewal: | 10.5% | |
| No Money Down: | 10.4% | |
| Refinance: | 9.4% | |
| Purchase: | 8.4% | |
| Variable Rate: | 3.4% | |
| Low Doc: | 1.6% | |
| Pre-approval: | 1.2% | |
| Commercial: | 1.2% | |
| Investment: | 0.9% | |
| Other: | 2.2% | |
| Total Application Types Found: 17 | ||
Average age: 37
Oldest age: 85
Youngest age: 20
The amounts shown below represent the average income of Canadians living in Toronto who have submitted a mortgage inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Toronto: | $71,729.82 |
| applicants within all of Canada: | $57,859.84 |
| Difference: | $13,869.98 |
| mortgage co-applicants in Toronto: | $52,706.76 |
| co-applicants within all of Canada: | $40,716.04 |
| Difference: | $11,990.72 |
The following depicts the residential status of people living in Toronto who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 53.3% | |
| Own: | 36.7% | |
| Other: | 2.0% | |
| No Comment: | 3.5% | |
| Live with parents: | 4.4% |
The information below shows the marital status of applicants from Toronto, Ontario using the mortgage application found on the CanEquity Mortgage web site. In Toronto, 54% of the mortgage applicants are living together with someone, while only 45% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 43.5% | |
| Single: | 38.8% | |
| Common-law: | 10.5% | |
| Divorced: | 4.0% | |
| Separated: | 2.6% | |
| Widowed: | 0.6% |
