Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 27.78% | 0.01% |
| 2010: | 11.11% | 0.00% |
| 2008: | 22.22% | 0.01% |
| 2007: | 5.56% | 0.00% |
| 2005: | 5.56% | 0.00% |
| 2004: | 11.11% | 0.00% |
| 2003: | 16.67% | 0.01% |
| 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% |
| 007: | O'LEARY, PE | 0.019% |
| 008: | KENSINGTON, PE | 0.015% |
| 1 | Charlottetown, Prince Edward Island |
| 2 | Kinkora, Prince Edward Island |
| 3 | Summerside, Prince Edward Island |
| 4 | Stratford, Prince Edward Island |
| 5 | York, Prince Edward Island |
| 6 | Ellerslie, Prince Edward Island |
| 7 | Miscouche, Prince Edward Island |
| 8 | Kensington, Prince Edward Island |
| 9 | New London, Prince Edward Island |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Purchase: | 22.2% | |
| First-time Buyer: | 22.2% | |
| Renewal: | 16.7% | |
| Refinance: | 16.7% | |
| Qualification: | 16.7% | |
| HELOC: | 5.6% | |
| Total Application Types Found: 6 | ||
Average age: 38
Oldest age: 64
Youngest age: 21
The numbers below represent the average income of applicants living in Cornwall who have applied for a loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cornwall: | $43,882.35 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($15,616.11) |
| mortgage co-applicants in Cornwall: | $27,428.57 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($14,974.56) |
The information shown below represents the residential status of people living in Cornwall who have applied for a home loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 33.3% | |
| Own: | 38.9% | |
| Other: | 5.6% | |
| Live with parents: | 22.2% |
The pie chart below represents the marital status of applicants from Cornwall, Prince Edward Island using the mortgage preapproval application found on the CanEquity Mortgage web site. Approximately 66% of the mortgage applicants are living together with someone, while only 33% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 44.4% | |
| Common-law: | 22.2% | |
| Single: | 16.7% | |
| Separated: | 11.1% | |
| Divorced: | 5.6% |
