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Monthly Volume History for Internet Mortgage Originations
This bar graph illustrates CanEquity's individual monthly volume history for online mortgage applications.
Busy Months for Canadian Mortgage Originations
The bar graph below displays the volumes of Internet 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%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | March: | 10.6% | |
| 2 | April: | 10.1% | |
| 3 | January: | 10.0% | |
| 4 | May: | 9.9% | |
| 5 | February: | 9.3% | |
| 6 | June: | 8.8% |
| Rank | Month | 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 graph listed below plots the busy days for mortgage inquiries that were received by CanEquity's web site. Each day is a representation of the combined 6-year total of all instances of that day. In Canada, the day with the most volume, generating 18.05% 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: | 18.1% |
| 2: | Tuesday: | 17.9% |
| 3: | Wednesday: | 16.4% |
| 4: | Thursday: | 15.0% |
| 5: | Friday: | 12.3% |
| 6: | Sunday: | 11.0% |
| 7: | Saturday: | 9.3% |
Peak Hours for Canadian Mortgage Originations
Inquiries are received 24 hours a day from our web site. The time periods below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 35.8% of all mortgages are received during the morning, while 64.2% arrive in the afternoon.
| Time | Period (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% |
| Time | Period (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: | 47.82% |
| 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 | 6.712% | 37 | $69,148 | $49,186 | $246,503 |
| 2: | TORONTO, ON | 4.428% | 38 | $73,302 | $53,345 | $270,401 |
| 3: | EDMONTON, AB | 4.360% | 36 | $60,768 | $44,851 | $224,326 |
| 4: | MISSISSAUGA, ON | 2.398% | 39 | $65,820 | $45,280 | $237,690 |
| 5: | OTTAWA, ON | 2.133% | 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 | 1.092% | 37 | $52,743 | $37,356 | $155,780 |
| 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 | 0.762% | 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 | 0.447% | 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 numbers below represent the average income of Canadians living in Canada who have applied for a home loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| applicants within all of Canada: | $60,503.19 |
| co-applicants within all of Canada: | $43,699.18 |
| Difference: | $16,804.01 |
Note: Commercial Mortgage loans were not included for this report, only residential mortgages were used.
- Alberta Mortgages
- British Columbia Mortgages
- Manitoba Mortgages
- New Brunswick Mortgages
- Newfoundland Mortgages
- NWT Mortgages
- Nova Scotia Mortgages
- Ontario Mortgages
- PEI Mortgages
- Quebec Mortgages
- Saskatchewan Mortgages
- Yukon Mortgages
Brand New Mortgage Calculator
Use our new mortgage calculator and strike a balance between maximizing your payment schedule and leaving yourself enough breathing room to live comfortably. By simply changing your mortgage amount, amortization period, interest rate, or payment frequency you can determine the best mortgage for your unique situation.
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Windsor.
| Mortgage Product Type | Inquiries | |
|---|---|---|
| Mortgage Pre-approval | 22.80% | |
| First-time Home Buyer | 18.51% | |
| New Purchase | 15.80% | |
| Refinance/Consolidate Debt | 13.54% | |
| No Money Down discontinued | 11.51% | |
| Mortgage Renewal | 11.06% | |
| Other | 6.78% |
Did you know? The average home loan in Wasaga Beach is:
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