Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | 18.52% | 0.01% |
| 2009: | 18.52% | 0.01% |
| 2008: | 11.11% | 0.01% |
| 2007: | 18.52% | 0.01% |
| 2006: | 3.70% | 0.00% |
| 2005: | 14.82% | 0.01% |
| 2004: | 7.41% | 0.00% |
| 2003: | 3.70% | 0.00% |
| 2002: | 3.70% | 0.00% |
The information below shows the busy days for online inquiries that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Vaughan the busiest day, with approximately 29.63% of all inquiries, is Wednesday. In comparison, Friday's are the slowest day with only 7.41% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 29.6% | |
| 2: | Monday: | 14.8% | |
| 3: | Saturday: | 14.8% | |
| 4: | Tuesday: | 11.1% | |
| 5: | Sunday: | 11.1% | |
| 6: | Thursday: | 11.1% | |
| 7: | Friday: | 7.4% |
Vaughan mortgage applications are received 24 hours a day from our web site. The information shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years. Only 40.7% of all mortgages are received during the morning, while 51.9% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.7% |
| 01:00 to 01:59: | 3.7% |
| 06:00 to 06:59: | 7.4% |
| 09:00 to 09:59: | 3.7% |
| 10:00 to 10:59: | 7.4% |
| 11:00 to 11:59: | 22.2% |
| 12:00 to 12:59: | 7.4% |
| 13:00 to 13:59: | 11.1% |
| 14:00 to 14:59: | 7.4% |
| 16:00 to 16:59: | 3.7% |
| 18:00 to 18:59: | 7.4% |
| 20:00 to 20:59: | 7.4% |
| 21:00 to 21:59: | 7.4% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.57% |
| Manitoba: | 2.06% |
| New Brunswick: | 2.43% |
| Newfoundland and Labrador: | 1.25% |
| Nova Scotia: | 3.28% |
| Northwest Territories: | 0.40% |
| Nunavut: | 0.10% |
| Ontario: | 48.07% |
| Prince Edward Island: | 0.53% |
| Quebec: | 3.97% |
| Saskatchewan: | 4.94% |
| Yukon Territories: | 0.41% |
| Location | Contribution | |
|---|---|---|
| 118: | UXBRIDGE, ON | 0.057% |
| 119: | KINGSVILLE, ON | 0.057% |
| 120: | AYLMER, ON | 0.057% |
| 121: | ANGUS, ON | 0.051% |
| 122: | HARROW, ON | 0.051% |
| 123: | VAUGHAN, ON | 0.051% |
| 124: | GANANOQUE, ON | 0.051% |
| 125: | STURGEON FALLS, ON | 0.051% |
| 126: | NEWCASTLE, ON | 0.051% |
| 127: | PRESCOTT, ON | 0.051% |
| 128: | PEFFERLAW, ON | 0.049% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 25.9% | |
| Renewal: | 25.9% | |
| First-time Buyer: | 14.8% | |
| No Money Down: | 7.4% | |
| Refinance: | 7.4% | |
| Pre-approval: | 3.7% | |
| Commercial: | 3.7% | |
| Purchase: | 3.7% | |
| Equity Mortgage: | 3.7% | |
| Variable Rate: | 3.7% | |
| Total Application Types Found: 10 | ||
Average age: 38
Oldest age: 67
Youngest age: 25
The following depicts the average income of people living in Vaughan who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Vaughan: | $97,582.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $38,083.53 |
| mortgage co-applicants in Vaughan: | $64,316.83 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $21,913.70 |
Since the average income of Vaughan is notability higher than the Canadian national average, we have included the MEDIAN annual gross income for this area. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.
| Median annual gross income for | |
|---|---|
| mortgage applicants in Vaughan: | $72,631.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $13,132.53 |
The following table represents the residential status of people living in Vaughan who have applied for a loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 22.2% | |
| Own: | 59.3% | |
| No Comment: | 3.7% | |
| Live with parents: | 14.8% |
The following information represents the marital status of applicants from Vaughan, Ontario using the mortgage application found at canequity.com. 62% of the mortgage applicants are either married or living common-law, while only 37% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 59.3% | |
| Single: | 33.3% | |
| Separated: | 3.7% | |
| Common-law: | 3.7% |
