Montreal Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 18.73% | * 0.15% |
| 2007: | 21.35% | 0.17% |
| 2006: | 17.23% | 0.14% |
| 2005: | 9.36% | 0.08% |
| 2004: | 15.36% | 0.13% |
| 2003: | 10.49% | 0.09% |
| 2002: | 7.49% | 0.06% |
The bar graph below represents the individual monthly volume history for Internet pre-approval applications received from Montreal, QC.
The graph below shows the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Montreal mostly occur during our second quarter (represented by the green bars) with 29.96% while our slowest is the fourth quarter (represented by the red bars) with 17.23%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 12.0% | |
| 2: | January: | 11.2% | |
| 3: | May: | 10.1% | |
| 4: | September: | 9.4% | |
| 5: | February: | 9.0% | |
| 6: | March: | 9.0% | |
| 7: | June: | 7.9% | |
| 8: | November: | 7.1% | |
| 9: | July: | 7.1% | |
| 10: | August: | 7.1% | |
| 11: | October: | 6.7% | |
| 12: | December: | 3.4% |
The information listed below shows the busy days for Internet applications that were received by the CanEquity web site. Each day is a representation of the combined 6-year total of all instances of that day. In Montreal the busiest day of the week, with 22.47% of all submissions, is Monday. In comparison, Tuesday's are the slowest day with only 10.49% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 22.5% | |
| 2: | Thursday: | 21.4% | |
| 3: | Friday: | 12.0% | |
| 4: | Wednesday: | 11.6% | |
| 5: | Sunday: | 11.2% | |
| 6: | Saturday: | 10.9% | |
| 7: | Tuesday: | 10.5% |
Montreal mortgage applications are received 24 hours a day via the CanEquity web site. The statistics shown below represents the rush 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: | 1.5% |
| 01:00 to 01:59: | 1.1% |
| 02:00 to 02:59: | 0.4% |
| 03:00 to 03:59: | 1.1% |
| 04:00 to 04:59: | 0.4% |
| 05:00 to 05:59: | 1.5% |
| 06:00 to 06:59: | 1.9% |
| 07:00 to 07:59: | 4.1% |
| 08:00 to 08:59: | 6.4% |
| 09:00 to 09:59: | 7.1% |
| 10:00 to 10:59: | 6.4% |
| 11:00 to 11:59: | 6.7% |
| 12:00 to 12:59: | 6.7% |
| 13:00 to 13:59: | 8.6% |
| 14:00 to 14:59: | 7.9% |
| 15:00 to 15:59: | 4.9% |
| 16:00 to 16:59: | 2.2% |
| 17:00 to 17:59: | 4.9% |
| 18:00 to 18:59: | 6.0% |
| 19:00 to 19:59: | 4.9% |
| 20:00 to 20:59: | 6.4% |
| 21:00 to 21:59: | 4.1% |
| 22:00 to 22:59: | 2.2% |
| 23:00 to 23:59: | 2.6% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.06% |
| British Columbia: | 11.27% |
| Manitoba: | 2.10% |
| New Brunswick: | 2.03% |
| Newfoundland and Labrador: | 1.16% |
| Nova Scotia: | 2.80% |
| Northwest Territories: | 0.31% |
| Nunavut: | 0.09% |
| Ontario: | 48.81% |
| Prince Edward Island: | 0.37% |
| Quebec: | 3.77% |
| Saskatchewan: | 5.47% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 001: | MONTREAL, QC | 0.820% |
| 002: | GATINEAU, QC | 0.405% |
| 003: | LAVAL, QC | 0.160% |
| 004: | DOLLARD-DES-ORMEAUX, QC | 0.114% |
| 005: | PIERREFONDS, QC | 0.101% |
| 006: | BROSSARD, QC | 0.098% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 28.8% | |
| Qualification: | 24.0% | |
| No Money Down: | 15.4% | |
| Refinance: | 10.1% | |
| Renewal: | 7.9% | |
| Variable Rate: | 3.7% | |
| Purchase: | 3.4% | |
| Commercial: | 2.2% | |
| Pre-approval: | 1.5% | |
| Other: | 2.9% | |
| Total Application Types Found: 14 | ||
Average age: 37
Oldest age: 78
Youngest age: 22
The following depicts the average income of Canadians living in Montreal who have applied for a home loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Montreal: | $64,850.24 |
| applicants within all of Canada: | $56,797.27 |
| Difference: | $8,052.97 |
| mortgage co-applicants in Montreal: | $42,918.33 |
| co-applicants within all of Canada: | $39,724.02 |
| Difference: | $3,194.31 |
The pie chart below shows the residential status of people living in Montreal who have applied for a home loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 63.3% | |
| Own: | 27.3% | |
| Other: | 0.4% | |
| No Comment: | 4.9% | |
| Live with parents: | 4.1% |
The pie chart below represents the marital status of applicants from Montreal, Quebec using the mortgage application located at the CanEquity web site. Over 51% of the mortgage applicants are living common-law or married, while only 47% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 43.1% | |
| Single: | 40.4% | |
| Common-law: | 8.2% | |
| Divorced: | 5.6% | |
| Separated: | 1.9% | |
| Widowed: | 0.7% |
