Last report update for Sherbrooke: Sunday, March 21, 2010
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Sherbrooke Mortgage
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Carignan
Cookshire
North Hatley
Saint-Basile-Le-Grand
Vaudreuil-Dorion
Vaudreuil
Windsor


Sherbrooke Mortgages

Quebec Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Inquiries from Sherbrooke

Year Year to Year
Comparison
** National
Contribution
2010: * 5.00% * 0.00%
2009: 40.00% 0.02%
2008: 20.00% 0.01%
2007: 15.00% 0.01%
2005: 10.00% 0.01%
2004: 10.00% 0.01%

Note: * These values are the percentages up to Sunday, March 21, 2010. Estimated volume targets for the entire 2010 year are 20.00% and 0.01% respectively. ** Total national contribution of Sherbrooke mortgages in the past is currently 0.05% with a projected target of 0.05%.

Peak Hours for Mortgage Applicants within Sherbrooke

In Sherbrooke, mortgages are received 24 hours a day via the CanEquity web site. The time periods below indicates the peak hours in the day. The data is taken from all days of all years. Only 25.0% of all mortgages are received before noon, while 70.0% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
04:00 to 04:59: 5.0%
08:00 to 08:59: 5.0%
09:00 to 09:59: 10.0%
11:00 to 11:59: 10.0%
12:00 to 12:59: 5.0%
13:00 to 13:59: 15.0%
14:00 to 14:59: 5.0%
15:00 to 15:59: 15.0%
16:00 to 16:59: 10.0%
17:00 to 17:59: 5.0%
18:00 to 18:59: 5.0%
19:00 to 19:59: 5.0%
21:00 to 21:59: 5.0%
Peak Hours Graph for Mortgages in Sherbrooke

Note: Only hours that have had mortgages from Sherbrooke, Quebec are shown.

Quebec Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.11%
British Columbia: 10.86%
Manitoba: 2.09%
New Brunswick: 2.11%
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 4.15%
Saskatchewan: 5.06%
Yukon Territories: 0.26%
Sherbrooke Mortgages

Current City Standing within Quebec


Location Contribution
009:  SAINT-LAURENT, QC 0.070%
010:  POINTE-CLAIRE, QC 0.063%
011:  LONGUEUIL, QC 0.059%
012:  VERDUN, QC 0.054%
013:  SAINT-LEONARD, QC 0.052%
014:  SHERBROOKE, QC 0.047%
015:  LACHINE, QC 0.040%
016:  AYLMER, QC 0.040%
017:  KIRKLAND, QC 0.037%
018:  CHATEAUGUAY, QC 0.037%
019:  COTE SAINT-LUC, QC 0.035%

Nearest Settlements


1Cookshire, Quebec
2Windsor, Quebec
3North Hatley, Quebec
4Vaudreuil, Quebec
5Carignan, Quebec
6Vaudreuil-Dorion, Quebec
7Saint-Basile-Le-Grand, Quebec


Product Popularity for Sherbrooke


Mortgage Application
Form Type
  Percentage
of Inquiries
No Money Down: 25.0%
First-time Buyer: 20.0%
Qualification: 15.0%
Pre-approval: 10.0%
Renewal: 10.0%
Refinance: 10.0%
Fixed Rate: 5.0%
Equity Mortgage: 5.0%
 
Total Application Types Found: 8
 Sherbrooke Mortgage Product Popularity Pie Chart

Age Demographics for Sherbrooke Mortgage Applicants

Average age: 38
Oldest age: 58
Youngest age: 23


Incomes for Sherbrooke Mortgage Applicants

The following figures show the average income of applicants living in Sherbrooke who have submitted an inquiry using the pre-approval application on CanEquity's web site.

Average annual gross income for
mortgage applicants in Sherbrooke: $48,445.32
applicants within all of Canada: $58,592.40
Difference: ($10,147.09)
  
mortgage co-applicants in Sherbrooke: $26,500.00
co-applicants within all of Canada: $41,278.89
Difference: ($14,778.89)

Note: Commercial Mortgage loans were not included for this report, only residential mortgages from Sherbrooke, Quebec were used.

Residential Status for Sherbrooke Applicants

The pie chart below shows the residential status of people living in Sherbrooke who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 65.0%
Own: 35.0%
Sherbrooke Residential Status Pie Chart

Marital Statistics for Sherbrooke Applicants

The following information represents the marital status of applicants from Sherbrooke, Quebec using the online mortgage application located at the CanEquity web site. Approximately 65% of the mortgage applicants are living with someone, while only 35% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 50.0%
Single: 30.0%
Common-law: 15.0%
Divorced: 5.0%
Sherbrooke Marital Status Pie Chart