Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| 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% |
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%.
| Rank | Month | 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% |
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% |
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% |
| 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% |
| 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% |
| 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 | ||
Average age: 38
Oldest age: 72
Youngest age: 20
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) |
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% |
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% |
