Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 16.28% | 0.01% |
| 2010: | 9.30% | 0.01% |
| 2009: | 4.65% | 0.00% |
| 2008: | 13.95% | 0.01% |
| 2007: | 6.98% | 0.01% |
| 2006: | 18.61% | 0.01% |
| 2005: | 9.30% | 0.01% |
| 2004: | 6.98% | 0.01% |
| 2003: | 9.30% | 0.01% |
| 2002: | 4.65% | 0.00% |
The graph listed below compares the busy days for Internet mortgage applications that were received by CanEquity. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Waterdown the busiest day, with 23.26% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 4.65% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 23.3% | |
| 2: | Friday: | 20.9% | |
| 3: | Thursday: | 20.9% | |
| 4: | Sunday: | 13.9% | |
| 5: | Wednesday: | 9.3% | |
| 6: | Monday: | 7.0% | |
| 7: | Saturday: | 4.7% |
In Waterdown, mortgages are received 24 hours a day via the CanEquity web site. The following 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 |
|---|---|
| 03:00 to 03:59: | 2.3% |
| 06:00 to 06:59: | 4.7% |
| 07:00 to 07:59: | 7.0% |
| 09:00 to 09:59: | 7.0% |
| 11:00 to 11:59: | 2.3% |
| 12:00 to 12:59: | 16.3% |
| 13:00 to 13:59: | 4.7% |
| 14:00 to 14:59: | 7.0% |
| 15:00 to 15:59: | 2.3% |
| 16:00 to 16:59: | 7.0% |
| 17:00 to 17:59: | 2.3% |
| 18:00 to 18:59: | 18.6% |
| 19:00 to 19:59: | 7.0% |
| 20:00 to 20:59: | 7.0% |
| 21:00 to 21:59: | 2.3% |
| 22:00 to 22:59: | 2.3% |
| 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 | |
|---|---|---|
| 080: | FERGUS, ON | 0.091% |
| 081: | SMITHS FALLS, ON | 0.087% |
| 082: | MIDLAND, ON | 0.085% |
| 083: | STOUFFVILLE, ON | 0.085% |
| 084: | ACTON, ON | 0.083% |
| 085: | WATERDOWN, ON | 0.081% |
| 086: | BRACEBRIDGE, ON | 0.079% |
| 087: | CALEDONIA, ON | 0.077% |
| 088: | LEAMINGTON, ON | 0.077% |
| 089: | BROOKLIN, ON | 0.076% |
| 090: | PORT COLBORNE, ON | 0.076% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 23.3% | |
| Renewal: | 23.3% | |
| Refinance: | 18.6% | |
| Purchase: | 16.3% | |
| First-time Buyer: | 7.0% | |
| No Money Down: | 4.7% | |
| Investment: | 4.7% | |
| Fixed Rate: | 2.3% | |
| Total Application Types Found: 8 | ||
Average age: 40
Oldest age: 74
Youngest age: 26
The figures below represent the average income of applicants living in Waterdown who have applied for a home loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Waterdown: | $60,831.07 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $1,332.61 |
| mortgage co-applicants in Waterdown: | $57,400.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $14,996.87 |
The table and pie chart below represents the residential status of people living in Waterdown who have applied for a mortgage using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 23.3% | |
| Own: | 65.1% | |
| Other: | 2.3% | |
| No Comment: | 7.0% | |
| Live with parents: | 2.3% |
The following information represents the marital status of applicants from Waterdown, Ontario using the mortgage preapproval application found on the CanEquity Mortgage web site. Over 67% of the mortgage applicants are living together with someone, while only 30% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 58.1% | |
| Single: | 23.3% | |
| Common-law: | 9.3% | |
| Divorced: | 7.0% | |
| Widowed: | 2.3% |
