Toronto Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 3.34% | * 0.16% |
| 2009: | 17.12% | 0.84% |
| 2008: | 13.93% | 0.68% |
| 2007: | 12.73% | 0.63% |
| 2006: | 12.97% | 0.64% |
| 2005: | 11.21% | 0.55% |
| 2004: | 10.63% | 0.52% |
| 2003: | 12.40% | 0.61% |
| 2002: | 5.67% | 0.28% |
The following bar graph displays the individual monthly volume history for Internet applications submitted from Toronto, ON.
The 6-year bar graph below shows the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Toronto mostly occur during our first quarter (represented by the brown bars) with 30.95% while our slowest is the fourth quarter (represented by the red bars) with 20.22%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 10.9% | |
| 2: | March: | 10.3% | |
| 3: | February: | 9.8% | |
| 4: | May: | 9.3% | |
| 5: | April: | 8.9% | |
| 6: | July: | 8.0% | |
| 7: | June: | 8.0% | |
| 8: | October: | 7.6% | |
| 9: | September: | 7.6% | |
| 10: | November: | 7.2% | |
| 11: | August: | 7.1% | |
| 12: | December: | 5.4% |
The information listed below compares the busy days for mortgage applications that were received by CanEquity's web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Toronto the most busy day of the week, with 18.60% of all applications, 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: | 18.6% | |
| 2: | Monday: | 17.7% | |
| 3: | Wednesday: | 17.2% | |
| 4: | Thursday: | 14.8% | |
| 5: | Friday: | 13.0% | |
| 6: | Sunday: | 10.6% | |
| 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. |
Mortgage inquiries are received 24 hours a day from the CanEquity web site. The report shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 37.8% of all mortgages are received during the morning, while 60.8% 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: | 4.8% |
| 08:00 to 08:59: | 6.2% |
| 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: | 7.2% |
| 15:00 to 15:59: | 4.9% |
| 16:00 to 16:59: | 5.1% |
| 17:00 to 17:59: | 4.7% |
| 18:00 to 18:59: | 5.2% |
| 19:00 to 19:59: | 5.2% |
| 20:00 to 20:59: | 4.9% |
| 21:00 to 21:59: | 3.5% |
| 22:00 to 22:59: | 2.7% |
| 23:00 to 23:59: | 1.3% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.11% |
| British Columbia: | 10.86% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.11% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.15% |
| Saskatchewan: | 5.06% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 001: | TORONTO, ON | 4.912% |
| 002: | MISSISSAUGA, ON | 2.605% |
| 003: | OTTAWA, ON | 2.410% |
| 004: | LONDON, ON | 1.598% |
| 005: | BRAMPTON, ON | 1.567% |
| 006: | HAMILTON, ON | 1.509% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 26.2% | |
| Qualification: | 23.9% | |
| Renewal: | 11.0% | |
| No Money Down: | 10.6% | |
| Refinance: | 9.1% | |
| Purchase: | 8.7% | |
| Variable Rate: | 3.1% | |
| Low Doc: | 1.7% | |
| Pre-approval: | 1.4% | |
| Commercial: | 1.1% | |
| Investment: | 0.9% | |
| Other: | 2.2% | |
| Total Application Types Found: 17 | ||
Average age: 37
Oldest age: 85
Youngest age: 20
The amounts below are the average income of people living in Toronto who have applied for a mortgage loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Toronto: | $71,887.59 |
| applicants within all of Canada: | $58,592.40 |
| Difference: | $13,295.19 |
| mortgage co-applicants in Toronto: | $53,248.77 |
| co-applicants within all of Canada: | $41,278.89 |
| Difference: | $11,969.88 |
The following depicts the residential status of people living in Toronto who have applied for a home loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 53.6% | |
| Own: | 37.1% | |
| Other: | 2.1% | |
| No Comment: | 3.1% | |
| Live with parents: | 4.2% |
The following table and pie chart represents the marital status of applicants from Toronto, Ontario using the preapproval application found on canequity.com. Over 54% of the mortgage applicants are living together with someone, while only 45% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 43.5% | |
| Single: | 38.1% | |
| Common-law: | 10.6% | |
| Divorced: | 4.1% | |
| Separated: | 3.0% | |
| Widowed: | 0.7% |
