Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 5.22% | 0.01% |
| 2010: | 15.65% | 0.03% |
| 2009: | 12.17% | 0.03% |
| 2008: | 8.70% | 0.02% |
| 2007: | 12.17% | 0.03% |
| 2006: | 10.44% | 0.02% |
| 2005: | 6.09% | 0.01% |
| 2004: | 12.17% | 0.03% |
| 2003: | 11.30% | 0.03% |
| 2002: | 6.09% | 0.01% |
The graph below illustrates the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Woodbridge mostly occur during our first quarter (represented by the brown bars) with 26.96% while our slowest is the fourth quarter (represented by the red bars) with 23.48%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | October: | 13.9% | |
| 2: | March: | 10.4% | |
| 3: | August: | 10.4% | |
| 4: | May: | 8.7% | |
| 5: | February: | 8.7% | |
| 6: | January: | 7.8% | |
| 7: | April: | 7.8% | |
| 8: | July: | 7.8% | |
| 9: | September: | 7.8% | |
| 10: | December: | 7.0% | |
| 11: | June: | 7.0% | |
| 12: | November: | 2.6% |
The information listed below illustrates the busy days for mortgage applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Woodbridge the most busy day of the week, with 17.39% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 4.35% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 17.4% | |
| 2: | Sunday: | 17.4% | |
| 3: | Tuesday: | 16.5% | |
| 4: | Friday: | 15.7% | |
| 5: | Thursday: | 15.7% | |
| 6: | Wednesday: | 13.0% | |
| 7: | Saturday: | 4.3% |
In Woodbridge, inquiries are received 24 hours a day on our web site. The information shown below represents the peak hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 0.9% |
| 03:00 to 03:59: | 0.9% |
| 04:00 to 04:59: | 0.9% |
| 05:00 to 05:59: | 0.9% |
| 06:00 to 06:59: | 6.1% |
| 07:00 to 07:59: | 1.7% |
| 08:00 to 08:59: | 2.6% |
| 09:00 to 09:59: | 6.1% |
| 10:00 to 10:59: | 13.0% |
| 11:00 to 11:59: | 5.2% |
| 12:00 to 12:59: | 8.7% |
| 13:00 to 13:59: | 6.1% |
| 14:00 to 14:59: | 7.0% |
| 15:00 to 15:59: | 7.0% |
| 16:00 to 16:59: | 7.0% |
| 17:00 to 17:59: | 1.7% |
| 18:00 to 18:59: | 4.3% |
| 19:00 to 19:59: | 7.8% |
| 20:00 to 20:59: | 7.0% |
| 21:00 to 21:59: | 3.5% |
| 22:00 to 22:59: | 0.9% |
| 23:00 to 23:59: | 0.9% |
| 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 | |
|---|---|---|
| 041: | THORNHILL, ON | 0.253% |
| 042: | BELLEVILLE, ON | 0.243% |
| 043: | WELLAND, ON | 0.243% |
| 044: | NORTH BAY, ON | 0.236% |
| 045: | STONEY CREEK, ON | 0.232% |
| 046: | WOODBRIDGE, ON | 0.217% |
| 047: | CHATHAM, ON | 0.211% |
| 048: | ORILLIA, ON | 0.208% |
| 049: | ST THOMAS, ON | 0.185% |
| 050: | AURORA, ON | 0.181% |
| 051: | ORANGEVILLE, ON | 0.164% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 30.4% | |
| First-time Buyer: | 15.7% | |
| Refinance: | 13.0% | |
| Renewal: | 12.2% | |
| No Money Down: | 10.4% | |
| Purchase: | 9.6% | |
| Pre-approval: | 2.6% | |
| Commercial: | 2.6% | |
| Low Doc: | 0.9% | |
| Recreational: | 0.9% | |
| Consolidate: | 0.9% | |
| Variable Rate: | 0.9% | |
| Total Application Types Found: 12 | ||
Average age: 36
Oldest age: 59
Youngest age: 20
The following depicts the average income of applicants living in Woodbridge who have applied for a loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Woodbridge: | $68,139.92 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $8,641.45 |
| mortgage co-applicants in Woodbridge: | $52,761.10 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $10,357.97 |
The table and pie chart below represents the residential status of people living in Woodbridge who have submitted a mortgage inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 34.8% | |
| Own: | 44.3% | |
| Other: | 1.7% | |
| No Comment: | 3.5% | |
| Live with parents: | 15.7% |
The following table and pie chart represents the marital status of applicants from Woodbridge, Ontario using the mortgage application located at canequity.com. 53% of the mortgage applicants are living common-law or married, while only 46% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 47.8% | |
| Single: | 35.7% | |
| Separated: | 7.8% | |
| Common-law: | 5.2% | |
| Divorced: | 3.5% |
