Our brokers are licensed: FSCO #12291, RECA Authorized, BC Mortgage #X028126,
SK Mortgage #12291, and all other provinces
 
CanEquity
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Monthly Volume History for Internet Mortgage Originations

The 6-year bar graph below displays our website's individual monthly volume history for online mortgage applications.


Monthly Volume Report for Mortgages

Busy Months for Canadian Mortgage Originations

The 6-year bar graph below shows the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our first quarter (represented by the brown bars) with 29.95% while our slowest is the fourth quarter (represented by the red bars) with 18.05%.

Busy Months Report for Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 10.6%
2 April: 10.1%
3 January: 10.0%
4 May: 9.9%
5 February: 9.3%
6 June: 8.7%
RankMonth Percentage of Applications
7 July: 8.1%
8 August: 8.0%
9 September: 7.2%
10 October: 7.2%
11 November: 6.2%
12 December: 4.7%

Busy Days for Canadian Mortgage Originations

The bar graph listed below plots the busy days for online mortgage applications that were received by the CanEquity web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Canada the most busy day of the week, with 18.04% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 9.33% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Monday: 18.0%
2: Tuesday: 17.9%
3: Wednesday: 16.4%
4: Thursday: 15.0%
5: Friday: 12.3%
6: Sunday: 11.0%
7: Saturday: 9.3%
Busy Days Report for Mortgages in Canada

Peak Hours for Canadian Mortgage Originations

Canada mortgage applications are received 24 hours a day via the CanEquity web site. The time periods below represents the peak hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.2%
1AM 01:00 to 01:59: 0.7%
2AM 02:00 to 02:59: 0.4%
3AM 03:00 to 03:59: 0.5%
4AM 04:00 to 04:59: 0.6%
5AM 05:00 to 05:59: 1.2%
6AM 06:00 to 06:59: 2.2%
7AM 07:00 to 07:59: 3.6%
8AM 08:00 to 08:59: 5.1%
9AM 09:00 to 09:59: 6.1%
10AM 10:00 to 10:59: 6.9%
11AM 11:00 to 11:59: 7.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.4%
1PM 13:00 to 13:59: 6.9%
2PM 14:00 to 14:59: 6.7%
3PM 15:00 to 15:59: 6.1%
4PM 16:00 to 16:59: 5.4%
5PM 17:00 to 17:59: 5.6%
6PM 18:00 to 18:59: 5.8%
7PM 19:00 to 19:59: 5.5%
8PM 20:00 to 20:59: 5.2%
9PM 21:00 to 21:59: 4.3%
10PM 22:00 to 22:59: 3.2%
11PM 23:00 to 23:59: 2.1%

Mortgage Originations Compared to all other Provinces


Online Mortgage Origination for the Province of Percentage of Applications
Alberta: 20.70%
British Columbia: 10.42%
Manitoba: 1.98%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.32%
Northwest Territories: 0.47%
Nunavut: 0.10%
Ontario: 47.83%
Prince Edward Island: 0.51%
Quebec: 3.96%
Saskatchewan: 5.00%
Yukon: 0.48%

Top Producing Cities / Towns for Mortgages within Canada

Rank City or Town within
Canada
Percentage
of Inquiries
Avg
Age
Average
Income
Average
Co-Income
Average
Home Loan
1:CALGARY, AB 6.711% 37 $69,149 $49,186 $246,527
2:TORONTO, ON 4.429% 38 $73,302 $53,345 $270,401
3:EDMONTON, AB 4.359% 36 $60,782 $44,851 $224,289
4:MISSISSAUGA, ON 2.399% 39 $65,820 $45,280 $237,690
5:OTTAWA, ON 2.134% 37 $65,066 $48,609 $213,081
6:REGINA, SK 1.749% 34 $49,094 $37,404 $140,566
7:LONDON, ON 1.509% 37 $54,268 $41,258 $162,059
8:BRAMPTON, ON 1.491% 38 $57,178 $41,295 $208,781
9:HAMILTON, ON 1.473% 37 $51,944 $37,970 $155,893
10:WINNIPEG, MB 1.090% 37 $52,710 $37,285 $155,497
11:KITCHENER, ON 1.038% 37 $56,582 $45,539 $183,668
12:VANCOUVER, BC 0.924% 39 $68,472 $48,430 $286,434
13:SCARBOROUGH, ON 0.859% 38 $55,783 $41,129 $236,043
14:MONTREAL, QC 0.822% 38 $65,269 $46,278 $228,786
15:WINDSOR, ON 0.793% 36 $56,641 $41,634 $133,643
16:BARRIE, ON 0.780% 36 $55,617 $37,650 $175,170
17:BURLINGTON, ON 0.763% 39 $70,117 $46,360 $210,506
18:SASKATOON, SK 0.752% 36 $54,747 $40,699 $173,877
19:GUELPH, ON 0.703% 36 $57,373 $40,830 $205,136
20:SURREY, BC 0.703% 39 $61,106 $46,111 $246,533
21:OAKVILLE, ON 0.655% 41 $77,687 $49,248 $238,107
22:CAMBRIDGE, ON 0.639% 37 $56,535 $39,694 $181,969
23:FORT MCMURRAY, AB 0.634% 35 $100,070 $63,511 $344,886
24:RED DEER, AB 0.632% 35 $60,854 $40,462 $210,357
25:OSHAWA, ON 0.625% 38 $55,160 $43,752 $157,214
26:VICTORIA, BC 0.621% 40 $62,156 $44,429 $250,634
27:ST CATHARINES, ON 0.546% 36 $52,037 $36,295 $153,949
28:ETOBICOKE, ON 0.526% 37 $57,035 $45,029 $239,495
29:NORTH YORK, ON 0.523% 38 $59,492 $50,934 $280,226
30:RICHMOND HILL, ON 0.514% 40 $73,389 $55,549 $230,677
31:BRANTFORD, ON 0.501% 36 $49,992 $32,873 $153,786
32:KINGSTON, ON 0.494% 38 $57,234 $45,693 $186,493
33:GATINEAU, QC 0.453% 38 $60,527 $44,420 $172,873
34:MARKHAM, ON 0.448% 37 $71,280 $51,967 $248,997
35:SAULT STE MARIE, ON 0.442% 36 $49,380 $41,636 $128,081
36:HALIFAX, NS 0.439% 35 $52,608 $40,820 $178,236
37:LETHBRIDGE, AB 0.422% 38 $55,069 $32,960 $197,806
38:SUDBURY, ON 0.410% 37 $63,527 $38,850 $163,253
39:AJAX, ON 0.406% 39 $68,690 $43,689 $201,839
40:WATERLOO, ON 0.406% 37 $61,399 $41,562 $218,071
41:PETERBOROUGH, ON 0.405% 37 $51,486 $47,314 $157,068
42:WHITEHORSE, YT 0.394% 38 $63,645 $48,497 $258,732
43:SHERWOOD PARK, AB 0.388% 40 $74,341 $53,179 $231,264
44:THUNDER BAY, ON 0.381% 37 $54,162 $39,076 $113,661
45:WHITBY, ON 0.376% 38 $64,040 $53,685 $179,548
46:GRANDE PRAIRIE, AB 0.344% 34 $69,997 $47,868 $204,009
47:BURNABY, BC 0.331% 37 $61,396 $46,038 $266,108
48:MONCTON, NB 0.326% 34 $44,876 $33,458 $129,551
49:KELOWNA, BC 0.324% 41 $64,218 $36,386 $219,694
50:YELLOWKNIFE, NT 0.324% 36 $74,965 $66,026 $279,756

Age Demographics for Online Mortgage Inquiries in Canada

Average age: 38
Oldest age: 90
Youngest age: 19


Incomes for Online Mortgage Inquiries

The following depicts the average income of applicants living in Canada who have applied for a loan using the pre-approval application on CanEquity's web site.

Average annual gross income for
applicants within all of Canada: $60,501.99
co-applicants within all of Canada: $43,698.66
Difference: $16,803.34

Note: Commercial Mortgage loans were not included for this survey, only residential mortgage loan amounts were used.

Mortgage Rates
If you look for a mortgage online, you'll soon see that from one lender, bank, or broker to the next, the rates offered can be substantially different. Some high, some low. Compare the best mortgage rates and make sure your money isn't being wasted.
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CanEquity Mortgage Calculator
The new CanEquity mortgage calculator was built from the ground up to make it easier for you to find the best mortgage for your unique financial situation. Try it and find out what you can afford to pay on your next home.
Mortgage Calculator Try it
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Stratford.

Mortgage Product Type Inquiries
No Money Down discontinued22.78%
Refinance/Consolidate Debt20.25%
First-time Home Buyer16.46%
Mortgage Pre-approval13.92%
Mortgage Renewal8.86%
New Purchase7.59%
Other10.14%