Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.62% | 0.08% |
| 2010: | 10.09% | 0.08% |
| 2009: | 9.15% | 0.07% |
| 2008: | 9.62% | 0.08% |
| 2007: | 12.68% | 0.10% |
| 2006: | 9.86% | 0.08% |
| 2005: | 12.44% | 0.10% |
| 2004: | 13.62% | 0.11% |
| 2003: | 8.69% | 0.07% |
| 2002: | 4.22% | 0.03% |
The following shows the individual monthly volume history for Internet applications sent from Windsor, ON.
The bar graph below represents the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Windsor usually occur during our first quarter (represented by the brown bars) with 28.87% while our slowest is the fourth quarter (represented by the red bars) with 18.54%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 10.6% | |
| 2: | April: | 10.1% | |
| 3: | February: | 10.1% | |
| 4: | July: | 9.2% | |
| 5: | June: | 8.9% | |
| 6: | August: | 8.7% | |
| 7: | January: | 8.2% | |
| 8: | May: | 8.0% | |
| 9: | October: | 8.0% | |
| 10: | September: | 7.8% | |
| 11: | November: | 6.1% | |
| 12: | December: | 4.5% |
The bar graph listed below illustrates the busy days for online 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 Windsor the most busy day of the week, with 17.84% of all applications, is Wednesday. In comparison, Saturday's are the slowest day with only 9.62% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 17.8% | |
| 2: | Tuesday: | 17.1% | |
| 3: | Monday: | 16.9% | |
| 4: | Friday: | 14.6% | |
| 5: | Thursday: | 14.3% | |
| 6: | Sunday: | 9.6% | |
| 7: | Saturday: | 9.6% |
In Windsor, mortgages are received 24 hours a day on the CanEquity web site. The report shown below represents the rush 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: | 0.5% |
| 01:00 to 01:59: | 0.9% |
| 02:00 to 02:59: | 0.2% |
| 03:00 to 03:59: | 0.2% |
| 04:00 to 04:59: | 0.5% |
| 05:00 to 05:59: | 1.9% |
| 06:00 to 06:59: | 2.1% |
| 07:00 to 07:59: | 4.2% |
| 08:00 to 08:59: | 6.6% |
| 09:00 to 09:59: | 5.9% |
| 10:00 to 10:59: | 6.1% |
| 11:00 to 11:59: | 5.9% |
| 12:00 to 12:59: | 8.9% |
| 13:00 to 13:59: | 6.6% |
| 14:00 to 14:59: | 5.4% |
| 15:00 to 15:59: | 5.4% |
| 16:00 to 16:59: | 7.3% |
| 17:00 to 17:59: | 5.6% |
| 18:00 to 18:59: | 7.0% |
| 19:00 to 19:59: | 5.4% |
| 20:00 to 20:59: | 5.6% |
| 21:00 to 21:59: | 4.0% |
| 22:00 to 22:59: | 2.1% |
| 23:00 to 23:59: | 1.6% |
| 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 | |
|---|---|---|
| 005: | BRAMPTON, ON | 1.493% |
| 006: | HAMILTON, ON | 1.472% |
| 007: | KITCHENER, ON | 1.048% |
| 008: | SCARBOROUGH, ON | 0.885% |
| 009: | BARRIE, ON | 0.823% |
| 010: | WINDSOR, ON | 0.804% |
| 011: | BURLINGTON, ON | 0.791% |
| 012: | GUELPH, ON | 0.681% |
| 013: | OAKVILLE, ON | 0.670% |
| 014: | CAMBRIDGE, ON | 0.642% |
| 015: | OSHAWA, ON | 0.627% |
| 1 | Essex, Ontario |
| 2 | Tecumseh, Ontario |
| 3 | South Woodslee, Ontario |
| 4 | Emeryville, Ontario |
| 5 | Mcgregor, Ontario |
| 6 | Maidstone, Ontario |
| 7 | Lasalle, Ontario |
| 8 | Belle River, Ontario |
| 9 | Kingsville, Ontario |
| 10 | Comber, Ontario |
| 11 | Amherstburg, Ontario |
| 12 | Cottam, Ontario |
| 13 | Leamington, Ontario |
| 14 | Ruthven, Ontario |
| 15 | Harrow, Ontario |
| 16 | Tilbury, Ontario |
| 17 | Wheatley, Ontario |
| 18 | Merlin, Ontario |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 24.2% | |
| First-time Buyer: | 19.5% | |
| Refinance: | 14.3% | |
| No Money Down: | 12.0% | |
| Purchase: | 11.7% | |
| Renewal: | 10.8% | |
| Variable Rate: | 2.1% | |
| Commercial: | 1.6% | |
| Pre-approval: | 0.9% | |
| Other: | 2.7% | |
| Total Application Types Found: 16 | ||
Average age: 36
Oldest age: 76
Youngest age: 20
The amounts below are the average income of Canadians living in Windsor who have applied for a home loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Windsor: | $56,209.75 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($3,288.71) |
| mortgage co-applicants in Windsor: | $41,347.12 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($1,056.01) |
The following table represents the residential status of people living in Windsor who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 43.2% | |
| Own: | 45.5% | |
| Other: | 1.6% | |
| No Comment: | 2.8% | |
| Live with parents: | 6.8% |
The pie chart below represents the marital status of applicants from Windsor, Ontario using the online mortgage application found on canequity.com. In Windsor, approximately 61% of the mortgage applicants are living together with someone, while only 38% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 52.1% | |
| Single: | 30.0% | |
| Common-law: | 8.9% | |
| Separated: | 5.4% | |
| Divorced: | 2.8% | |
| Widowed: | 0.7% |
