Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 12.38% | 0.03% |
| 2010: | 14.29% | 0.03% |
| 2009: | 22.86% | 0.04% |
| 2008: | 9.52% | 0.02% |
| 2007: | 12.38% | 0.03% |
| 2006: | 6.67% | 0.01% |
| 2005: | 8.57% | 0.02% |
| 2004: | 5.71% | 0.01% |
| 2003: | 4.76% | 0.01% |
| 2002: | 2.86% | 0.01% |
The 6-year bar 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 Laval seem to occur during our first quarter (represented by the brown bars) with 36.19% while our slowest is the second quarter (represented by the green bars) with 16.19%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 14.3% | |
| 2: | March: | 13.3% | |
| 3: | October: | 12.4% | |
| 4: | November: | 10.5% | |
| 5: | April: | 9.5% | |
| 6: | January: | 8.6% | |
| 7: | July: | 7.6% | |
| 8: | September: | 6.7% | |
| 9: | August: | 5.7% | |
| 10: | December: | 4.8% | |
| 11: | June: | 3.8% | |
| 12: | May: | 2.9% |
The bar graph below plots 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 Laval, the day with the most volume, having more than 19.05% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 5.71% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 19.1% | |
| 2: | Tuesday: | 19.1% | |
| 3: | Thursday: | 15.2% | |
| 4: | Wednesday: | 14.3% | |
| 5: | Sunday: | 14.3% | |
| 6: | Friday: | 12.4% | |
| 7: | Saturday: | 5.7% |
Applications are received 24 hours a day via the CanEquity web site. The report shown below represents the peak hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.0% |
| 06:00 to 06:59: | 4.8% |
| 07:00 to 07:59: | 5.7% |
| 08:00 to 08:59: | 9.5% |
| 09:00 to 09:59: | 7.6% |
| 10:00 to 10:59: | 9.5% |
| 11:00 to 11:59: | 4.8% |
| 12:00 to 12:59: | 4.8% |
| 13:00 to 13:59: | 9.5% |
| 14:00 to 14:59: | 5.7% |
| 15:00 to 15:59: | 2.9% |
| 16:00 to 16:59: | 6.7% |
| 17:00 to 17:59: | 4.8% |
| 18:00 to 18:59: | 6.7% |
| 19:00 to 19:59: | 1.9% |
| 20:00 to 20:59: | 4.8% |
| 21:00 to 21:59: | 6.7% |
| 22:00 to 22:59: | 2.9% |
| 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: | MONTREAL, QC | 0.829% |
| 002: | GATINEAU, QC | 0.444% |
| 003: | LAVAL, QC | 0.198% |
| 004: | DOLLARD-DES-ORMEAUX, QC | 0.117% |
| 005: | BROSSARD, QC | 0.102% |
| 006: | PIERREFONDS, QC | 0.102% |
| 007: | LASALLE, QC | 0.096% |
| 008: | QUEBEC CITY, QC | 0.072% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 22.9% | |
| Renewal: | 20.0% | |
| Pre-approval: | 12.4% | |
| First-time Buyer: | 9.5% | |
| No Money Down: | 7.6% | |
| Qualification: | 5.7% | |
| Purchase: | 5.7% | |
| Commercial: | 2.9% | |
| Investment: | 2.9% | |
| Variable Rate: | 2.9% | |
| Low Doc: | 1.9% | |
| Equity Mortgage: | 1.9% | |
| HELOC: | 1.9% | |
| Fixed Rate: | 1.0% | |
| Second Mortgage: | 1.0% | |
| Total Application Types Found: 15 | ||
Average age: 40
Oldest age: 65
Youngest age: 21
The amounts below are the average income of Canadians living in Laval who have submitted a mortgage inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Laval: | $62,190.03 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $2,691.56 |
| mortgage co-applicants in Laval: | $41,125.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($1,278.13) |
The following depicts the residential status of people living in Laval who have applied for a mortgage using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 19.0% | |
| Own: | 70.5% | |
| Other: | 1.9% | |
| No Comment: | 5.7% | |
| Live with parents: | 2.9% |
The pie chart below represents the marital status of applicants from Laval, Quebec using the online mortgage application found at the CanEquity web site. In Laval, 63% of the mortgage applicants are either married or living common-law, while only 36% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 51.4% | |
| Single: | 27.6% | |
| Common-law: | 12.4% | |
| Divorced: | 4.8% | |
| Separated: | 3.8% |
