Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.09% | 0.01% |
| 2010: | 12.12% | 0.01% |
| 2009: | 9.09% | 0.01% |
| 2008: | 21.21% | 0.01% |
| 2007: | 21.21% | 0.01% |
| 2006: | 3.03% | 0.00% |
| 2005: | 3.03% | 0.00% |
| 2004: | 12.12% | 0.01% |
| 2003: | 9.09% | 0.01% |
The data below plots the busy days for Internet mortgage applications that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Wallaceburg the busiest day, with approximately 36.36% of all submissions, is Wednesday. In comparison, Saturday's are the slowest day with only 3.03% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 36.4% | |
| 2: | Monday: | 27.3% | |
| 3: | Tuesday: | 12.1% | |
| 4: | Friday: | 9.1% | |
| 5: | Sunday: | 6.1% | |
| 6: | Thursday: | 6.1% | |
| 7: | Saturday: | 3.0% |
In Wallaceburg, mortgage applications are received 24 hours a day from our web site. The information shown below represents the busy hours in the day. The data is taken from all days of all years. Only 36.4% of all mortgages are received before noon, while 63.6% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 07:00 to 07:59: | 6.1% |
| 09:00 to 09:59: | 15.2% |
| 10:00 to 10:59: | 6.1% |
| 11:00 to 11:59: | 9.1% |
| 12:00 to 12:59: | 3.0% |
| 13:00 to 13:59: | 3.0% |
| 14:00 to 14:59: | 9.1% |
| 15:00 to 15:59: | 3.0% |
| 16:00 to 16:59: | 3.0% |
| 17:00 to 17:59: | 3.0% |
| 18:00 to 18:59: | 9.1% |
| 19:00 to 19:59: | 12.1% |
| 20:00 to 20:59: | 9.1% |
| 21:00 to 21:59: | 3.0% |
| 22:00 to 22:59: | 3.0% |
| 23:00 to 23:59: | 3.0% |
| 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 | |
|---|---|---|
| 103: | PARRY SOUND, ON | 0.064% |
| 104: | THOROLD, ON | 0.064% |
| 105: | DELHI, ON | 0.062% |
| 106: | DUNNVILLE, ON | 0.062% |
| 107: | PORT PERRY, ON | 0.062% |
| 108: | WALLACEBURG, ON | 0.062% |
| 109: | CARLETON PLACE, ON | 0.062% |
| 110: | KEMPTVILLE, ON | 0.060% |
| 111: | BEAMSVILLE, ON | 0.060% |
| 112: | CALEDON, ON | 0.060% |
| 113: | ELLIOT LAKE, ON | 0.060% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| No Money Down: | 24.2% | |
| Refinance: | 18.2% | |
| Pre-approval: | 12.1% | |
| Renewal: | 12.1% | |
| Qualification: | 9.1% | |
| First-time Buyer: | 9.1% | |
| Purchase: | 9.1% | |
| Low Doc: | 3.0% | |
| Variable Rate: | 3.0% | |
| Total Application Types Found: 9 | ||
Average age: 38
Oldest age: 74
Youngest age: 22
The amounts shown below represent the average income of people living in Wallaceburg who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Wallaceburg: | $45,192.17 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($14,306.29) |
| mortgage co-applicants in Wallaceburg: | $34,981.43 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($7,421.70) |
The pie chart below shows the residential status of people living in Wallaceburg who have applied for a loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 51.5% | |
| Own: | 36.4% | |
| Other: | 3.0% | |
| Live with parents: | 9.1% |
The pie chart below represents the marital status of applicants from Wallaceburg, Ontario using the mortgage application found on the CanEquity Mortgage web site. In Wallaceburg, over 54% of the mortgage applicants are living common-law or married, while only 45% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 36.4% | |
| Married: | 36.4% | |
| Common-law: | 18.2% | |
| Separated: | 9.1% |
