Disclaimer:
CanEquity Mortgage has compiled the following data for educational and informational purposes as outlined in our privacy policy. All names, street and e-mail addresses, telephone numbers, dates of birth, and other forms of identification have been removed before the following data was compiled. These statistics are anonymous and contain no personal information, and cannot be used to gather such information.
The statistics gathered are from CanEquity’s web site and do not include inquiries via fax, e-mail, contact forms, phone-ins or walk-ins. The statistics gathered represent the growing Internet usage and mortgage trends found within Canada.
All information, charts and graphs represented are deemed accurate and reliable but no warranty or guarantee is implied. Data may be noticeably affected from time to time by changes in CanEquity Mortgage marketing efforts. Data may also be affected by Internet connectivity, outages and service (or lack of) to areas within Canada. The range of data collected is from 30,000 to 60,000 mortgage applicants from across Canada. All data has a deviation of +/- 1.00% for added anonymity. No statistic contained herein represents a single person.
This information may be used freely for educational or non-commercial use. For more information about this service, please e-mail marketing@canequity.com. Copyright © 2001-2009 CEG Research, The Canadian Equity Group Inc.
| Year | Volume Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 3.31% | * 0.01% |
| 2009: | 28.18% | 0.12% |
| 2008: | 13.26% | 0.06% |
| 2007: | 11.05% | 0.05% |
| 2006: | 8.84% | 0.04% |
| 2005: | 8.29% | 0.04% |
| 2004: | 9.39% | 0.04% |
| 2003: | 8.84% | 0.04% |
| 2002: | 8.84% | 0.04% |
This graph represents the individual monthly volume history for Internet mortgage applications submitted from Prince Edward Island.

The following bar graph depicts the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our first quarter (represented by the brown bars) with 29.83% while our slowest is the fourth quarter (represented by the red bars) with 18.23%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 14.9% | |
| 2: | September: | 9.4% | |
| 3: | May: | 8.8% | |
| 4: | April: | 8.8% | |
| 5: | July: | 8.3% | |
| 6: | August: | 8.3% | |
| 7: | June: | 8.3% | |
| 8: | March: | 7.7% | |
| 9: | February: | 7.2% | |
| 10: | October: | 7.2% | |
| 11: | November: | 5.5% | |
| 12: | December: | 5.5% |

The graph below compares the busy days for online applications that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Prince Edward Island, the day with the most volume, having more than 19.89% of all inquiries, is Thursday. In comparison, Sunday's are the slowest day with only 7.73% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 19.9% | |
| 2: | Monday: | 18.2% | |
| 3: | Tuesday: | 16.0% | |
| 4: | Wednesday: | 13.8% | |
| 5: | Friday: | 12.7% | |
| 6: | Saturday: | 11.6% | |
| 7: | Sunday: | 7.7% |

In Prince Edward Island, inquiries are received 24 hours a day from our web site. The graph shown below represents the rush hours in the day. The data is taken from all days of all years. Only 37.0% of all mortgages are received before noon, while 62.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.6% |
| 03:00 to 03:59: | 1.1% |
| 04:00 to 04:59: | 1.7% |
| 05:00 to 05:59: | 2.2% |
| 06:00 to 06:59: | 5.0% |
| 07:00 to 07:59: | 3.3% |
| 08:00 to 08:59: | 5.0% |
| 09:00 to 09:59: | 5.5% |
| 10:00 to 10:59: | 6.1% |
| 11:00 to 11:59: | 7.2% |
| 12:00 to 12:59: | 6.6% |
| 13:00 to 13:59: | 6.6% |
| 14:00 to 14:59: | 5.5% |
| 15:00 to 15:59: | 5.5% |
| 16:00 to 16:59: | 8.8% |
| 17:00 to 17:59: | 7.2% |
| 18:00 to 18:59: | 11.0% |
| 19:00 to 19:59: | 5.0% |
| 20:00 to 20:59: | 3.3% |
| 21:00 to 21:59: | 2.2% |
| 22:00 to 22:59: | 0.6% |

| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 4872.9% |
| British Columbia: | 2517.1% |
| Manitoba: | 484.5% |
| New Brunswick: | 483.4% |
| Newfoundland and Labrador: | 263.0% |
| Nova Scotia: | 666.3% |
| Northwest Territories: | 72.4% |
| Nunavut: | 19.9% |
| Ontario: | 11258.0% |
| Prince Edward Island: | 100.0% |
| Quebec: | 933.7% |
| Saskatchewan: | 1171.8% |
| Yukon Territories: | 57.5% |

| City or Town within the province of Prince Edward Island | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Loan | |
|---|---|---|---|---|---|---|
| 001: | CHARLOTTETOWN, PE | 34.254% | 37 | $42,431.09 | $28,834.48 | $113,376.04 |
| 002: | SUMMERSIDE, PE | 8.840% | 37 | $36,393.75 | $24,833.33 | $72,707.14 |
| 003: | STRATFORD, PE | 6.630% | 36 | $44,318.18 | $38,166.67 | $95,636.36 |
| 004: | CORNWALL, PE | 6.077% | 40 | $47,272.73 | $25,750.00 | $89,678.67 |
| 005: | O'LEARY, PE | 4.420% | 45 | $38,250.00 | $15,000.00 | $77,166.67 |
| 006: | MONTAGUE, PE | 3.867% | 43 | $40,642.86 | $27,500.00 | $104,000.00 |
| 007: | SOURIS, PE | 3.315% | 37 | $17,158.60 | $26,912.00 | $84,000.00 |
| 008: | GEORGETOWN, PE | 2.762% | 34 | $28,000.00 | n/a | $54,750.00 |
| 009: | KENSINGTON, PE | 2.762% | 35 | $43,695.40 | n/a | $121,440.00 |
| 010: | KINKORA, PE | 2.762% | 27 | $32,440.00 | $22,500.00 | $103,380.00 |
| 011: | TIGNISH, PE | 1.657% | 30 | $36,666.67 | n/a | $67,333.33 |
| 012: | CARDIGAN, PE | 1.657% | 37 | $30,166.67 | n/a | $92,000.00 |
| 013: | MISCOUCHE, PE | 1.657% | 29 | $21,466.67 | n/a | $78,966.67 |
| 014: | ELLERSLIE, PE | 1.105% | 27 | $31,500.00 | $38,200.00 | $83,600.00 |
| 015: | MURRAY HARBOUR, PE | 1.105% | 45 | $50,119.50 | $47,500.00 | $59,900.00 |
| 016: | YORK, PE | 1.105% | 40 | $35,250.00 | n/a | $102,500.00 |
| 017: | NORTH WILTSHIRE, PE | 1.105% | 34 | $34,500.00 | $29,500.00 | $43,000.00 |
| 018: | MOUNT STEWART, PE | 1.105% | 31 | $36,520.50 | $41,000.00 | $90,000.00 |
| 019: | WELLINGTON STATION, PE | 1.105% | 38 | $40,000.00 | n/a | $93,250.00 |
| 020: | NEW LONDON, PE | 1.105% | 35 | $28,000.00 | n/a | $50,000.00 |
| 021: | SLEMON PARK, PE | 1.105% | 49 | $55,640.00 | n/a | $89,900.00 |
| 022: | VERNON BRIDGE, PE | 1.105% | 38 | $20,500.00 | n/a | $76,500.00 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 24.3% | |
| Refinance: | 21.5% | |
| Qualification: | 20.4% | |
| No Money Down: | 16.6% | |
| Renewal: | 7.7% | |
| Purchase: | 4.4% | |
| Pre-approval: | 1.7% | |
| Equity Mortgage: | 1.7% | |
| Other: | 1.8% | |
| Total Application Types Found: 11 | ||

Average age: 37
Oldest age: 67
Youngest age: 20
The information below represents the average income of people living in Prince Edward Island who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Prince Edward Island: | $38,785.56 |
| applicants within all of Canada: | $58,448.42 |
| Difference: | ($19,662.86) |
| mortgage co-applicants in Prince Edward Island: | $29,521.73 |
| co-applicants within all of Canada: | $41,110.46 |
| Difference: | ($11,588.73) |
The information below represents the residential status of people living in Prince Edward Island who have submitted an inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 48.6% | |
| Own: | 36.5% | |
| Other: | 4.4% | |
| No Comment: | 6.6% | |
| Live with parents: | 3.9% |

The pie chart below represents the marital status of applicants from Prince Edward Island using the preapproval application found on the CanEquity Mortgage web site. 75% of the mortgage applicants are living common-law or married, while only 23% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 54.1% | |
| Common-law: | 21.0% | |
| Single: | 14.9% | |
| Separated: | 5.5% | |
| Divorced: | 2.8% | |
| Widowed: | 1.7% |
