Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 5.92% | 0.05% |
| 2010: | 11.85% | 0.10% |
| 2009: | 20.05% | 0.17% |
| 2008: | 12.76% | 0.11% |
| 2007: | 12.98% | 0.11% |
| 2006: | 10.48% | 0.09% |
| 2005: | 5.70% | 0.05% |
| 2004: | 9.34% | 0.08% |
| 2003: | 6.38% | 0.05% |
| 2002: | 4.56% | 0.04% |
This graph illustrates CanEquity's individual monthly volume history for Internet applications originating from Montreal, QC.
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 Montreal happen to occur during our first quarter (represented by the brown bars) with 31.66% while our slowest is the fourth quarter (represented by the red bars) with 18.91%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 12.3% | |
| 2: | April: | 10.7% | |
| 3: | January: | 9.8% | |
| 4: | May: | 9.8% | |
| 5: | February: | 9.6% | |
| 6: | November: | 8.0% | |
| 7: | September: | 7.7% | |
| 8: | June: | 7.5% | |
| 9: | July: | 7.1% | |
| 10: | August: | 6.6% | |
| 11: | October: | 6.2% | |
| 12: | December: | 4.8% |
The graph listed below shows the busy days for mortgage inquiries that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In Montreal, the day with the most volume, generating 21.41% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 9.79% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 21.4% | |
| 2: | Thursday: | 17.3% | |
| 3: | Friday: | 14.8% | |
| 4: | Tuesday: | 14.6% | |
| 5: | Wednesday: | 11.6% | |
| 6: | Sunday: | 10.5% | |
| 7: | Saturday: | 9.8% |
Inquiries are received 24 hours a day via the CanEquity web site. The information shown below represents the peak hours within a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.4% |
| 01:00 to 01:59: | 0.7% |
| 02:00 to 02:59: | 0.5% |
| 03:00 to 03:59: | 0.7% |
| 04:00 to 04:59: | 0.5% |
| 05:00 to 05:59: | 1.4% |
| 06:00 to 06:59: | 2.3% |
| 07:00 to 07:59: | 4.6% |
| 08:00 to 08:59: | 5.7% |
| 09:00 to 09:59: | 7.5% |
| 10:00 to 10:59: | 7.3% |
| 11:00 to 11:59: | 6.4% |
| 12:00 to 12:59: | 7.7% |
| 13:00 to 13:59: | 7.3% |
| 14:00 to 14:59: | 7.1% |
| 15:00 to 15:59: | 5.7% |
| 16:00 to 16:59: | 3.2% |
| 17:00 to 17:59: | 3.4% |
| 18:00 to 18:59: | 7.3% |
| 19:00 to 19:59: | 4.6% |
| 20:00 to 20:59: | 5.7% |
| 21:00 to 21:59: | 4.8% |
| 22:00 to 22:59: | 2.5% |
| 23:00 to 23:59: | 2.1% |
| 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% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 24.1% | |
| Qualification: | 21.4% | |
| No Money Down: | 13.2% | |
| Renewal: | 11.8% | |
| Pre-approval: | 8.2% | |
| Refinance: | 7.3% | |
| Purchase: | 6.6% | |
| Commercial: | 2.5% | |
| Variable Rate: | 2.5% | |
| Other: | 2.3% | |
| Total Application Types Found: 15 | ||
Average age: 38
Oldest age: 78
Youngest age: 21
The following depicts the average income of Canadians living in Montreal who have applied for a loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Montreal: | $65,318.13 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $5,819.66 |
| mortgage co-applicants in Montreal: | $44,984.49 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $2,581.36 |
The chart and pie-graph below depicts the residential status of people living in Montreal who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 59.5% | |
| Own: | 33.0% | |
| Other: | 0.7% | |
| No Comment: | 3.4% | |
| Live with parents: | 3.4% |
The following pie chart represents the marital status of applicants from Montreal, Quebec using the preapproval application found on the CanEquity Mortgage web site. Over 53% of the mortgage applicants are either married or living common-law, while only 46% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 45.8% | |
| Single: | 39.2% | |
| Common-law: | 7.5% | |
| Divorced: | 4.3% | |
| Separated: | 2.5% | |
| Widowed: | 0.7% |
