Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 12.95% | 0.06% |
| 2010: | 14.29% | 0.06% |
| 2009: | 22.32% | 0.09% |
| 2008: | 8.48% | 0.04% |
| 2007: | 12.05% | 0.05% |
| 2006: | 9.82% | 0.04% |
| 2005: | 8.93% | 0.04% |
| 2004: | 4.91% | 0.02% |
| 2003: | 4.46% | 0.02% |
| 2002: | 1.79% | 0.01% |
The 6-year bar graph below represents the individual monthly volume history for Internet mortgage pre-approval applications sent from Waterloo, ON.
The following bar graph displays the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Waterloo seem to occur during our second quarter (represented by the green bars) with 26.79% while our slowest is the fourth quarter (represented by the red bars) with 21.43%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 11.2% | |
| 2: | May: | 10.3% | |
| 3: | February: | 9.8% | |
| 4: | August: | 9.8% | |
| 5: | October: | 9.4% | |
| 6: | September: | 8.5% | |
| 7: | July: | 8.0% | |
| 8: | March: | 8.0% | |
| 9: | January: | 7.6% | |
| 10: | December: | 6.7% | |
| 11: | November: | 5.4% | |
| 12: | June: | 5.4% |
The data below shows the busy days for Internet applications that were received by the CanEquity web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Waterloo the busiest day of the week, with 20.54% of all applications, is Monday. In comparison, Friday's are the slowest day with only 8.93% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 20.5% | |
| 2: | Tuesday: | 18.8% | |
| 3: | Wednesday: | 18.3% | |
| 4: | Saturday: | 12.1% | |
| 5: | Thursday: | 11.6% | |
| 6: | Sunday: | 9.8% | |
| 7: | Friday: | 8.9% |
In Waterloo, applications are received 24 hours a day from the CanEquity web site. The statistics shown below represents the rush hours within a 24-hour period. The data is taken from all days of all years. Only 31.7% of all mortgages are received during the morning, while 67.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.4% |
| 02:00 to 02:59: | 0.4% |
| 05:00 to 05:59: | 0.4% |
| 06:00 to 06:59: | 2.2% |
| 07:00 to 07:59: | 2.7% |
| 08:00 to 08:59: | 8.0% |
| 09:00 to 09:59: | 7.1% |
| 10:00 to 10:59: | 5.8% |
| 11:00 to 11:59: | 5.4% |
| 12:00 to 12:59: | 5.4% |
| 13:00 to 13:59: | 8.0% |
| 14:00 to 14:59: | 6.7% |
| 15:00 to 15:59: | 3.6% |
| 16:00 to 16:59: | 4.9% |
| 17:00 to 17:59: | 8.5% |
| 18:00 to 18:59: | 7.1% |
| 19:00 to 19:59: | 8.0% |
| 20:00 to 20:59: | 5.8% |
| 21:00 to 21:59: | 4.0% |
| 22:00 to 22:59: | 3.1% |
| 23:00 to 23:59: | 2.2% |
| 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 | |
|---|---|---|
| 019: | RICHMOND HILL, ON | 0.512% |
| 020: | NORTH YORK, ON | 0.510% |
| 021: | KINGSTON, ON | 0.508% |
| 022: | MARKHAM, ON | 0.438% |
| 023: | SAULT STE MARIE, ON | 0.428% |
| 024: | WATERLOO, ON | 0.423% |
| 025: | PETERBOROUGH, ON | 0.404% |
| 026: | AJAX, ON | 0.402% |
| 027: | THUNDER BAY, ON | 0.391% |
| 028: | WHITBY, ON | 0.383% |
| 029: | SUDBURY, ON | 0.381% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 22.8% | |
| First-time Buyer: | 22.8% | |
| Purchase: | 16.1% | |
| No Money Down: | 10.3% | |
| Renewal: | 10.3% | |
| Refinance: | 9.8% | |
| Variable Rate: | 2.7% | |
| Low Doc: | 1.8% | |
| Pre-approval: | 1.8% | |
| Other: | 1.6% | |
| Total Application Types Found: 13 | ||
Average age: 37
Oldest age: 70
Youngest age: 20
The information below represents the average income of Canadians living in Waterloo who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Waterloo: | $60,941.07 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $1,442.60 |
| mortgage co-applicants in Waterloo: | $41,666.65 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($736.48) |
The chart and pie-graph below depicts the residential status of people living in Waterloo 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: | 50.9% | |
| Own: | 39.3% | |
| Other: | 2.2% | |
| No Comment: | 1.8% | |
| Live with parents: | 5.8% |
The following table and pie chart represents the marital status of applicants from Waterloo, Ontario using the online mortgage application found at the CanEquity web site. 62% of the mortgage applicants are living common-law or married, while only 37% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.0% | |
| Single: | 28.1% | |
| Common-law: | 12.5% | |
| Divorced: | 6.3% | |
| Separated: | 2.7% | |
| Widowed: | 0.4% |
