Montreal Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 6.48% | * 0.06% |
| 2009: | 22.80% | 0.21% |
| 2008: | 14.51% | 0.13% |
| 2007: | 14.77% | 0.13% |
| 2006: | 11.92% | 0.11% |
| 2005: | 6.48% | 0.06% |
| 2004: | 10.62% | 0.10% |
| 2003: | 7.25% | 0.07% |
| 2002: | 5.18% | 0.05% |
The following represents the individual monthly volume history for Internet mortgage pre-approval applications submitted from Montreal, QC.
This bar graph displays the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Montreal mostly occur during our first quarter (represented by the brown bars) with 33.42% while our slowest is the fourth quarter (represented by the red bars) with 19.43%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 12.4% | |
| 2: | January: | 10.9% | |
| 3: | February: | 10.1% | |
| 4: | April: | 9.8% | |
| 5: | May: | 9.3% | |
| 6: | November: | 8.0% | |
| 7: | September: | 8.0% | |
| 8: | June: | 7.5% | |
| 9: | October: | 6.7% | |
| 10: | August: | 6.5% | |
| 11: | July: | 6.0% | |
| 12: | December: | 4.7% |
The bar graph below shows the busy days for mortgage inquiries that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Montreal the busiest day, with 22.28% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 9.59% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 22.3% | |
| 2: | Thursday: | 18.4% | |
| 3: | Friday: | 15.0% | |
| 4: | Tuesday: | 12.9% | |
| 5: | Wednesday: | 11.9% | |
| 6: | Sunday: | 9.8% | |
| 7: | Saturday: | 9.6% |
In Montreal, applications are received 24 hours a day via our web site. The statistics shown below indicates the busy 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: | 1.3% |
| 01:00 to 01:59: | 0.8% |
| 02:00 to 02:59: | 0.3% |
| 03:00 to 03:59: | 0.8% |
| 04:00 to 04:59: | 0.5% |
| 05:00 to 05:59: | 1.3% |
| 06:00 to 06:59: | 1.8% |
| 07:00 to 07:59: | 4.9% |
| 08:00 to 08:59: | 6.0% |
| 09:00 to 09:59: | 7.5% |
| 10:00 to 10:59: | 7.5% |
| 11:00 to 11:59: | 6.2% |
| 12:00 to 12:59: | 7.0% |
| 13:00 to 13:59: | 7.5% |
| 14:00 to 14:59: | 7.5% |
| 15:00 to 15:59: | 5.4% |
| 16:00 to 16:59: | 2.8% |
| 17:00 to 17:59: | 3.9% |
| 18:00 to 18:59: | 7.3% |
| 19:00 to 19:59: | 4.9% |
| 20:00 to 20:59: | 6.0% |
| 21:00 to 21:59: | 4.4% |
| 22:00 to 22:59: | 2.3% |
| 23:00 to 23:59: | 2.1% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 001: | MONTREAL, QC | 0.906% |
| 002: | GATINEAU, QC | 0.448% |
| 003: | LAVAL, QC | 0.202% |
| 004: | DOLLARD-DES-ORMEAUX, QC | 0.134% |
| 005: | BROSSARD, QC | 0.106% |
| 006: | PIERREFONDS, QC | 0.103% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 25.6% | |
| Qualification: | 22.3% | |
| No Money Down: | 13.5% | |
| Renewal: | 11.9% | |
| Refinance: | 7.8% | |
| Pre-approval: | 6.7% | |
| Purchase: | 5.4% | |
| Variable Rate: | 2.6% | |
| Commercial: | 1.6% | |
| Other: | 2.7% | |
| Total Application Types Found: 15 | ||
Average age: 37
Oldest age: 78
Youngest age: 21
The following figures show the average income of Canadians living in Montreal who have submitted a mortgage inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Montreal: | $66,694.17 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $8,111.78 |
| mortgage co-applicants in Montreal: | $44,997.74 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | $3,771.92 |
The chart and pie-graph below depicts the residential status of people living in Montreal who have applied for a mortgage using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 60.4% | |
| Own: | 32.4% | |
| Other: | 0.5% | |
| No Comment: | 3.4% | |
| Live with parents: | 3.4% |
The following pie chart represents the marital status of applicants from Montreal, Quebec using the mortgage application located at the CanEquity web site. In Montreal, 52% of the mortgage applicants are living common-law or married, while only 46% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 45.1% | |
| Single: | 40.2% | |
| Common-law: | 7.8% | |
| Divorced: | 4.1% | |
| Separated: | 2.3% | |
| Widowed: | 0.5% |
