Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 16.00% | 0.01% |
| 2010: | 24.00% | 0.01% |
| 2009: | 12.00% | 0.01% |
| 2008: | 8.00% | 0.00% |
| 2007: | 4.00% | 0.00% |
| 2006: | 4.00% | 0.00% |
| 2005: | 4.00% | 0.00% |
| 2004: | 4.00% | 0.00% |
| 2003: | 4.00% | 0.00% |
| 2002: | 20.00% | 0.01% |
The graph listed below shows 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 Summerside the busiest day, with 24.00% of all inquiries, is Saturday. In comparison, Tuesday's are the slowest day with only 8.00% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Saturday: | 24.0% | |
| 2: | Wednesday: | 16.0% | |
| 3: | Sunday: | 16.0% | |
| 4: | Monday: | 12.0% | |
| 5: | Friday: | 12.0% | |
| 6: | Thursday: | 12.0% | |
| 7: | Tuesday: | 8.0% |
In Summerside, inquiries are received 24 hours a day on the CanEquity web site. The statistics shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 05:00 to 05:59: | 4.0% |
| 06:00 to 06:59: | 8.0% |
| 07:00 to 07:59: | 8.0% |
| 08:00 to 08:59: | 8.0% |
| 09:00 to 09:59: | 8.0% |
| 10:00 to 10:59: | 8.0% |
| 11:00 to 11:59: | 4.0% |
| 12:00 to 12:59: | 4.0% |
| 13:00 to 13:59: | 12.0% |
| 15:00 to 15:59: | 4.0% |
| 16:00 to 16:59: | 8.0% |
| 17:00 to 17:59: | 8.0% |
| 18:00 to 18:59: | 12.0% |
| 20:00 to 20:59: | 4.0% |
| 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% |
| 007: | O'LEARY, PE | 0.019% |
| 1 | Ellerslie, Prince Edward Island |
| 2 | Miscouche, Prince Edward Island |
| 3 | Kinkora, Prince Edward Island |
| 4 | Kensington, Prince Edward Island |
| 5 | Cornwall, Prince Edward Island |
| 6 | New London, Prince Edward Island |
| 7 | O'Leary, Prince Edward Island |
| 8 | Charlottetown, Prince Edward Island |
| 9 | York, Prince Edward Island |
| 10 | Tignish, Prince Edward Island |
| 11 | Stratford, Prince Edward Island |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 28.0% | |
| No Money Down: | 24.0% | |
| First-time Buyer: | 24.0% | |
| Renewal: | 12.0% | |
| Purchase: | 8.0% | |
| Refinance: | 4.0% | |
| Total Application Types Found: 6 | ||
Average age: 38
Oldest age: 64
Youngest age: 21
The numbers below represent the average income of people living in Summerside who have applied for a home loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Summerside: | $39,404.17 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($20,094.30) |
| mortgage co-applicants in Summerside: | $32,400.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($10,003.13) |
The information shown below represents the residential status of people living in Summerside who have applied for a loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 72.0% | |
| Own: | 20.0% | |
| No Comment: | 8.0% |
The information below shows the marital status of applicants from Summerside, Prince Edward Island using the preapproval application found on canequity.com. Over 68% of the mortgage applicants are living common-law or married, while only 32% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 40.0% | |
| Common-law: | 28.0% | |
| Separated: | 16.0% | |
| Divorced: | 8.0% | |
| Single: | 8.0% |
