Charlottetown Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 7.69% | * 0.01% |
| 2009: | 36.92% | 0.06% |
| 2008: | 4.62% | 0.01% |
| 2006: | 10.77% | 0.02% |
| 2005: | 13.85% | 0.02% |
| 2004: | 9.23% | 0.01% |
| 2003: | 9.23% | 0.01% |
| 2002: | 7.69% | 0.01% |
The graph below displays the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Charlottetown usually occur during our third quarter (represented by the blue bars) with 30.77% while our slowest is the fourth quarter (represented by the red bars) with 16.92%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 12.3% | |
| 2: | August: | 10.8% | |
| 3: | September: | 10.8% | |
| 4: | January: | 9.2% | |
| 5: | May: | 9.2% | |
| 6: | April: | 9.2% | |
| 7: | December: | 9.2% | |
| 8: | July: | 9.2% | |
| 9: | March: | 7.7% | |
| 10: | October: | 4.6% | |
| 11: | June: | 4.6% | |
| 12: | November: | 3.1% |
The graph below shows the busy days for mortgage inquiries that were received by the CanEquity web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Charlottetown the busiest day, with approximately 21.54% of all submissions, is Thursday. In comparison, Saturday's are the slowest day with only 9.23% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 21.5% | |
| 2: | Friday: | 18.5% | |
| 3: | Tuesday: | 16.9% | |
| 4: | Monday: | 15.4% | |
| 5: | Wednesday: | 9.2% | |
| 6: | Sunday: | 9.2% | |
| 7: | Saturday: | 9.2% |
In Charlottetown, mortgages are received 24 hours a day from the CanEquity web site. The time periods below represents the busy hours within a 24-hour period. The data is taken from all days of all years. Only 35.4% of all mortgages are received before noon, while 64.6% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 03:00 to 03:59: | 1.5% |
| 06:00 to 06:59: | 4.6% |
| 07:00 to 07:59: | 3.1% |
| 08:00 to 08:59: | 4.6% |
| 09:00 to 09:59: | 9.2% |
| 10:00 to 10:59: | 6.2% |
| 11:00 to 11:59: | 6.2% |
| 12:00 to 12:59: | 3.1% |
| 13:00 to 13:59: | 7.7% |
| 14:00 to 14:59: | 9.2% |
| 15:00 to 15:59: | 6.2% |
| 16:00 to 16:59: | 7.7% |
| 17:00 to 17:59: | 6.2% |
| 18:00 to 18:59: | 9.2% |
| 19:00 to 19:59: | 7.7% |
| 20:00 to 20:59: | 4.6% |
| 21:00 to 21:59: | 3.1% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 001: | CHARLOTTETOWN, PE | 0.153% |
| 002: | SUMMERSIDE, PE | 0.040% |
| 003: | STRATFORD, PE | 0.028% |
| 004: | CORNWALL, PE | 0.026% |
| 005: | O'LEARY, PE | 0.019% |
| 006: | MONTAGUE, PE | 0.016% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 27.7% | |
| No Money Down: | 20.0% | |
| Refinance: | 20.0% | |
| Qualification: | 13.8% | |
| Purchase: | 9.2% | |
| Renewal: | 4.6% | |
| Fixed Rate: | 1.5% | |
| Pre-approval: | 1.5% | |
| Commercial: | 1.5% | |
| Total Application Types Found: 9 | ||
Average age: 36
Oldest age: 67
Youngest age: 20
The information below represents the average income of people living in Charlottetown who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Charlottetown: | $42,916.22 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | ($15,666.16) |
| mortgage co-applicants in Charlottetown: | $29,106.67 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | ($12,119.15) |
The chart and pie-graph below depicts the residential status of people living in Charlottetown who have applied for a home loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 50.8% | |
| Own: | 36.9% | |
| Other: | 3.1% | |
| No Comment: | 6.2% | |
| Live with parents: | 3.1% |
The following table and pie chart represents the marital status of applicants from Charlottetown, Prince Edward Island using the mortgage preapproval application found on canequity.com. In Charlottetown, 70% of the mortgage applicants are either married or living common-law, while only 26% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 49.2% | |
| Common-law: | 21.5% | |
| Single: | 18.5% | |
| Divorced: | 4.6% | |
| Widowed: | 3.1% | |
| Separated: | 3.1% |
