Waterloo Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
Have an idea or suggestion on improving the Waterloo mortgage stats page, please send us an e-mail.
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 8.74% | * 0.03% |
| 2007: | 26.21% | 0.09% |
| 2006: | 21.36% | 0.07% |
| 2005: | 19.42% | 0.07% |
| 2004: | 10.68% | 0.04% |
| 2003: | 9.71% | 0.03% |
| 2002: | 3.88% | 0.01% |
The following shows the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Waterloo occur during our first quarter (represented by the brown bars) with 33.01% while our slowest is the fourth quarter (represented by the red bars) with 19.42%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 14.6% | |
| 2: | October: | 13.6% | |
| 3: | May: | 11.7% | |
| 4: | January: | 10.7% | |
| 5: | April: | 10.7% | |
| 6: | August: | 8.7% | |
| 7: | July: | 7.8% | |
| 8: | March: | 7.8% | |
| 9: | September: | 5.8% | |
| 10: | December: | 3.9% | |
| 11: | June: | 2.9% | |
| 12: | November: | 1.9% |
The information below compares the busy days for online mortgage applications that were received by the CanEquity web site. Each day is a representation of the combined 6-year total of all instances of that day. In Waterloo the busiest day of the week, with 20.39% of all applications, is Tuesday. In comparison, Friday's are the slowest day with only 8.74% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 20.4% | |
| 2: | Wednesday: | 20.4% | |
| 3: | Monday: | 17.5% | |
| 4: | Saturday: | 11.7% | |
| 5: | Thursday: | 11.7% | |
| 6: | Sunday: | 9.7% | |
| 7: | Friday: | 8.7% |
In Waterloo, mortgages are received 24 hours a day via our web site. The following indicates the rush hours in the day. The data is taken from all days of all years. Only 34.0% of all mortgages are received before noon, while 65.0% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 02:00 to 02:59: | 1.0% |
| 05:00 to 05:59: | 1.0% |
| 06:00 to 06:59: | 2.9% |
| 07:00 to 07:59: | 1.9% |
| 08:00 to 08:59: | 10.7% |
| 09:00 to 09:59: | 6.8% |
| 10:00 to 10:59: | 5.8% |
| 11:00 to 11:59: | 4.9% |
| 12:00 to 12:59: | 7.8% |
| 13:00 to 13:59: | 4.9% |
| 14:00 to 14:59: | 6.8% |
| 15:00 to 15:59: | 3.9% |
| 16:00 to 16:59: | 1.9% |
| 17:00 to 17:59: | 5.8% |
| 18:00 to 18:59: | 4.9% |
| 19:00 to 19:59: | 8.7% |
| 20:00 to 20:59: | 5.8% |
| 21:00 to 21:59: | 4.9% |
| 22:00 to 22:59: | 4.9% |
| 23:00 to 23:59: | 4.9% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.49% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.12% |
| Nova Scotia: | 2.77% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.36% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.60% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 024: | THUNDER BAY, ON | 0.376% |
| 025: | NIAGARA FALLS, ON | 0.372% |
| 026: | WHITBY, ON | 0.369% |
| 027: | SAULT STE MARIE, ON | 0.366% |
| 028: | AJAX, ON | 0.362% |
| 029: | WATERLOO, ON | 0.342% |
| 030: | PICKERING, ON | 0.339% |
| 031: | SUDBURY, ON | 0.319% |
| 032: | NEWMARKET, ON | 0.299% |
| 033: | NEPEAN, ON | 0.299% |
| 034: | SARNIA, ON | 0.273% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 26.2% | |
| First-time Buyer: | 22.3% | |
| No Money Down: | 14.6% | |
| Refinance: | 14.6% | |
| Renewal: | 8.7% | |
| Variable Rate: | 4.9% | |
| Pre-approval: | 2.9% | |
| Purchase: | 2.9% | |
| Low Doc: | 1.9% | |
| Commercial: | 1.0% | |
| Total Application Types Found: 10 | ||
Average age: 36
Oldest age: 70
Youngest age: 20
The amounts shown below represent the average income of people living in Waterloo who have submitted an inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Waterloo: | $61,765.34 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $5,417.85 |
| mortgage co-applicants in Waterloo: | $40,030.97 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | $700.26 |
The information shown below represents the residential status of people living in Waterloo who have applied for a mortgage loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 54.4% | |
| Own: | 34.0% | |
| Other: | 1.0% | |
| No Comment: | 3.9% | |
| Live with parents: | 6.8% |
The pie chart below represents the marital status of applicants from Waterloo, Ontario using the mortgage application found at the CanEquity web site. In Waterloo, approximately 66% of the mortgage applicants are living together with someone, while only 33% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 59.2% | |
| Single: | 28.2% | |
| Common-law: | 6.8% | |
| Divorced: | 4.9% | |
| Separated: | 1.0% |
