Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Welland: Sunday, September 5, 2010   
CanEquity Mortgage and Insurance Canada
Canadian Mortgage Rates,
Calculators, News & Insurance
Canadian Mortgage Statistics


Mortgage Stats
Tell a Friend
Rate calculator

Related Links:
Crystal Beach
Fenwick
Fonthill
Lowbanks
Niagara Falls
Niagara On The Lake
Port Colborne
Ridgeville
St Catharines
Wellandport

Welland Mortgages

Ontario Mortgage Statistics, Graphs and Charts

Map of Welland requires Adobe Flash Player 7 or higher.

Yearly Volume Comparison for Mortgage Inquiries from Welland

Year Year to Year
Comparison
** National
Contribution
2010: * 7.14% * 0.02%
2009: 8.93% 0.02%
2008: 22.32% 0.06%
2007: 8.04% 0.02%
2006: 13.39% 0.03%
2005: 12.50% 0.03%
2004: 14.29% 0.04%
2003: 6.25% 0.01%
2002: 7.14% 0.02%

Note: * These values are the percentages up to Sunday, September 5, 2010. Estimated volume targets for the entire 2010 year are 8.93% and 0.02% respectively. ** Total national contribution of Welland mortgages in the past is currently 0.25% with a projected target of 0.25%.

Busy Months for Mortgages Originating within Welland

The bar graph below shows the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Welland happen to occur during our first quarter (represented by the brown bars) with 31.25% while our slowest is the fourth quarter (represented by the red bars) with 21.43%.

RankMonth Percentage
of Inquiries
1: January: 15.2%
2: August: 11.6%
3: February: 10.7%
4: June: 10.7%
5: October: 9.8%
6: April: 8.9%
7: July: 8.0%
8: December: 7.1%
9: May: 5.4%
10: March: 5.4%
11: November: 4.5%
12: September: 2.7%
Busy Months Report for Welland Mortgages

Busy Days for Online Applications within Welland

The information below illustrates the busy days for 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 Welland the busiest day, with approximately 22.32% of all submissions, is Monday. In comparison, Sunday's are the slowest day with only 8.04% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 22.3%
2: Wednesday: 16.1%
3: Thursday: 16.1%
4: Tuesday: 12.5%
5: Friday: 12.5%
6: Saturday: 12.5%
7: Sunday: 8.0%
Busy Days Report for Welland Mortgages

Peak Hours for Mortgages within Welland

In Welland, mortgages are received 24 hours a day on the CanEquity web site. The information shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 0.9%
03:00 to 03:59: 0.9%
05:00 to 05:59: 1.8%
06:00 to 06:59: 1.8%
07:00 to 07:59: 5.4%
08:00 to 08:59: 3.6%
09:00 to 09:59: 3.6%
10:00 to 10:59: 4.5%
11:00 to 11:59: 3.6%
12:00 to 12:59: 9.8%
13:00 to 13:59: 10.7%
14:00 to 14:59: 2.7%
15:00 to 15:59: 6.3%
16:00 to 16:59: 10.7%
17:00 to 17:59: 8.9%
18:00 to 18:59: 4.5%
19:00 to 19:59: 6.3%
20:00 to 20:59: 7.1%
21:00 to 21:59: 0.9%
22:00 to 22:59: 5.4%
23:00 to 23:59: 0.9%
Peak Hours Graph for Mortgages in Welland

Note: Only hours that have had mortgages from Welland, Ontario are shown.

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.21%
British Columbia: 10.79%
Manitoba: 2.11%
New Brunswick: 2.19%
Newfoundland and Labrador: 1.17%
Nova Scotia: 3.03%
Northwest Territories: 0.32%
Nunavut: 0.09%
Ontario 48.60%
Prince Edward Island: 0.46%
Quebec: 4.12%
Saskatchewan: 5.02%
Yukon Territories: 0.28%
Welland Mortgages

Current City Standing within Ontario


Location Contribution
037:  THORNHILL, ON 0.272%
038:  SARNIA, ON 0.270%
039:  WOODSTOCK, ON 0.261%
040:  MILTON, ON 0.259%
041:  BELLEVILLE, ON 0.255%
042:  WELLAND, ON 0.246%
043:  WOODBRIDGE, ON 0.231%
044:  STONEY CREEK, ON 0.226%
045:  CHATHAM, ON 0.220%
046:  NORTH BAY, ON 0.217%
047:  TIMMINS, ON 0.215%

Nearest Settlements


1Fonthill, Ontario
2Niagara Falls, Ontario
3Ridgeville, Ontario
4Fenwick, Ontario
5Port Colborne, Ontario
6Wellandport, Ontario
7Niagara On The Lake, Ontario
8Lowbanks, Ontario
9St Catharines, Ontario
10Crystal Beach, Ontario
11Fort Erie, Ontario
12Ridgeway, Ontario
13Thorold, Ontario
14Stevensville, Ontario
15Caistor Centre, Ontario
16Vineland, Ontario
17St Anns, Ontario
18Smithville, Ontario
19Dunnville, Ontario
20Grimsby, Ontario


Product Popularity for Welland


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 23.2%
Qualification: 17.9%
No Money Down: 17.9%
First-time Buyer: 17.9%
Renewal: 9.8%
Purchase: 8.0%
Pre-approval: 2.7%
Commercial: 1.8%
Consolidate: 0.9%
 
Total Application Types Found: 9
 Welland Mortgage Product Popularity Pie Chart

Age Demographics for Welland Mortgages

Average age: 38
Oldest age: 72
Youngest age: 20


Incomes for Welland Mortgages

The figures below represent the average income of Canadians living in Welland who have applied for a home loan using CanEquity's online mortgage application.

Average annual gross income for
mortgage applicants in Welland: $43,691.02
applicants within all of Canada: $58,950.13
Difference: ($15,259.11)
  
mortgage co-applicants in Welland: $31,255.50
co-applicants within all of Canada: $41,517.38
Difference: ($10,261.88)

Note: Commercial Mortgages were not included for this survey, only residential mortgage loans were used.

Residential Status for Welland Mortgages

The following depicts the residential status of people living in Welland 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: 44.6%
Own: 41.1%
Other: 3.6%
No Comment: 4.5%
Live with parents: 6.3%
Welland Residential Status Pie Chart

Marital Statistics for Welland Mortgages

The pie chart below represents the marital status of applicants from Welland, Ontario using the mortgage application found on the CanEquity Mortgage web site. Over 66% of the mortgage applicants are either married or living common-law, while only 33% are not married or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 42.9%
Single: 25.0%
Common-law: 24.1%
Separated: 4.5%
Divorced: 3.6%
Welland Marital Status Pie Chart