Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 19.61% | 0.04% |
| 2010: | 21.57% | 0.04% |
| 2009: | 23.53% | 0.04% |
| 2008: | 2.94% | 0.01% |
| 2006: | 6.86% | 0.01% |
| 2005: | 8.82% | 0.02% |
| 2004: | 5.88% | 0.01% |
| 2003: | 5.88% | 0.01% |
| 2002: | 4.90% | 0.01% |
This graph illustrates the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Charlottetown seem to occur during our third quarter (represented by the blue bars) with 34.31% while our slowest is the fourth quarter (represented by the red bars) with 17.65%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | August: | 12.8% | |
| 2: | July: | 10.8% | |
| 3: | September: | 10.8% | |
| 4: | February: | 9.8% | |
| 5: | May: | 8.8% | |
| 6: | April: | 8.8% | |
| 7: | December: | 7.8% | |
| 8: | June: | 7.8% | |
| 9: | January: | 6.9% | |
| 10: | March: | 5.9% | |
| 11: | October: | 5.9% | |
| 12: | November: | 3.9% |
The bar graph below displays the busy days for online inquiries that were received by CanEquity's web site. Each day is a representation of the combined 6-year total of all instances of that day. In Charlottetown the busiest day, with approximately 19.61% of all inquiries, is Thursday. In comparison, Saturday's are the slowest day with only 8.82% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 19.6% | |
| 2: | Monday: | 17.6% | |
| 3: | Tuesday: | 16.7% | |
| 4: | Friday: | 16.7% | |
| 5: | Wednesday: | 10.8% | |
| 6: | Sunday: | 9.8% | |
| 7: | Saturday: | 8.8% |
Inquiries are received 24 hours a day from our web site. The report shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 03:00 to 03:59: | 1.0% |
| 04:00 to 04:59: | 1.0% |
| 06:00 to 06:59: | 4.9% |
| 07:00 to 07:59: | 2.9% |
| 08:00 to 08:59: | 2.9% |
| 09:00 to 09:59: | 9.8% |
| 10:00 to 10:59: | 7.8% |
| 11:00 to 11:59: | 5.9% |
| 12:00 to 12:59: | 2.9% |
| 13:00 to 13:59: | 8.8% |
| 14:00 to 14:59: | 8.8% |
| 15:00 to 15:59: | 8.8% |
| 16:00 to 16:59: | 5.9% |
| 17:00 to 17:59: | 6.9% |
| 18:00 to 18:59: | 7.8% |
| 19:00 to 19:59: | 5.9% |
| 20:00 to 20:59: | 5.9% |
| 21:00 to 21:59: | 2.0% |
| 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 | |
|---|---|---|
| 001: | CHARLOTTETOWN, PE | 0.193% |
| 002: | SUMMERSIDE, PE | 0.047% |
| 003: | CORNWALL, PE | 0.034% |
| 004: | STRATFORD, PE | 0.032% |
| 005: | SOURIS, PE | 0.023% |
| 006: | MONTAGUE, PE | 0.021% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 25.5% | |
| Purchase: | 18.6% | |
| Refinance: | 16.7% | |
| No Money Down: | 15.7% | |
| Qualification: | 13.7% | |
| Renewal: | 3.9% | |
| Commercial: | 2.0% | |
| Fixed Rate: | 1.0% | |
| Low Doc: | 1.0% | |
| Pre-approval: | 1.0% | |
| Investment: | 1.0% | |
| Total Application Types Found: 11 | ||
Average age: 36
Oldest age: 67
Youngest age: 20
The amounts shown below represent the average income of Canadians living in Charlottetown who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Charlottetown: | $44,991.05 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($14,507.41) |
| mortgage co-applicants in Charlottetown: | $30,169.21 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($12,233.92) |
The following depicts the residential status of people living in Charlottetown who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 56.9% | |
| Own: | 32.4% | |
| Other: | 2.0% | |
| No Comment: | 3.9% | |
| Live with parents: | 4.9% |
The information below shows the marital status of applicants from Charlottetown, Prince Edward Island using the mortgage application found on the CanEquity Mortgage web site. In Charlottetown, 66% of the mortgage applicants are living together with someone, while only 31% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 49.0% | |
| Single: | 22.5% | |
| Common-law: | 17.6% | |
| Divorced: | 5.9% | |
| Separated: | 2.9% | |
| Widowed: | 2.0% |
