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Monthly Volume History for Internet Mortgage Originations

This graph illustrates CanEquity's individual monthly volume history for online mortgage pre-approval applications.


Monthly Volume Report for Mortgages

Busy Months for Canadian Mortgage Originations

The graph below represents the volumes of online mortgage 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 29.70% while our slowest is the fourth quarter (represented by the red bars) with 18.19%.

Busy Months Report for Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 10.5%
2 April: 10.0%
3 January: 9.9%
4 May: 9.8%
5 February: 9.3%
6 June: 8.7%
RankMonth Percentage of Applications
7 July: 8.3%
8 August: 8.1%
9 September: 7.3%
10 October: 7.2%
11 November: 6.3%
12 December: 4.7%

Busy Days for Canadian Mortgage Originations

The information listed below displays the busy days for Internet mortgage applications that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Canada the busiest day, with 18.04% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 9.32% 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

Inquiries are received 24 hours a day on our web site. The information shown below represents the busy 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: 0.8%
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: 7.0%
11AM 11:00 to 11:59: 7.2%
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: 5.5%
5PM 17:00 to 17:59: 5.6%
6PM 18:00 to 18:59: 5.8%
7PM 19:00 to 19:59: 5.4%
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: 20.83%
British Columbia: 10.42%
Manitoba: 1.98%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.31%
Northwest Territories: 0.48%
Nunavut: 0.10%
Ontario: 47.68%
Prince Edward Island: 0.51%
Quebec: 3.96%
Saskatchewan: 5.03%
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
Loan
1:CALGARY, AB 6.769% 37 $69,415 $49,321 $247,698
2:TORONTO, ON 4.415% 38 $73,433 $53,260 $270,729
3:EDMONTON, AB 4.362% 36 $60,971 $44,856 $224,999
4:MISSISSAUGA, ON 2.384% 39 $65,854 $45,640 $237,865
5:OTTAWA, ON 2.137% 37 $65,131 $48,926 $214,029
6:REGINA, SK 1.749% 34 $49,138 $37,436 $141,492
7:LONDON, ON 1.500% 37 $54,264 $41,379 $162,354
8:BRAMPTON, ON 1.486% 38 $57,121 $41,296 $208,820
9:HAMILTON, ON 1.468% 37 $51,927 $38,004 $156,122
10:WINNIPEG, MB 1.090% 37 $52,684 $37,345 $155,716
11:KITCHENER, ON 1.031% 37 $56,564 $45,539 $183,779
12:VANCOUVER, BC 0.923% 39 $69,064 $48,907 $288,750
13:SCARBOROUGH, ON 0.857% 38 $55,785 $41,164 $237,038
14:MONTREAL, QC 0.822% 38 $65,392 $46,562 $228,652
15:WINDSOR, ON 0.788% 36 $56,724 $41,634 $133,794
16:BARRIE, ON 0.776% 36 $55,742 $37,650 $174,823
17:BURLINGTON, ON 0.762% 39 $69,933 $46,360 $210,226
18:SASKATOON, SK 0.753% 36 $54,767 $40,988 $174,469
19:SURREY, BC 0.699% 39 $61,177 $46,111 $247,727
20:GUELPH, ON 0.698% 36 $57,373 $40,830 $205,136
21:OAKVILLE, ON 0.652% 41 $77,651 $49,386 $238,628
22:FORT MCMURRAY, AB 0.639% 35 $100,599 $63,537 $348,676
23:RED DEER, AB 0.636% 35 $60,854 $40,676 $210,711
24:CAMBRIDGE, ON 0.634% 37 $56,535 $39,694 $181,969
25:OSHAWA, ON 0.621% 38 $55,160 $43,752 $157,104
26:VICTORIA, BC 0.618% 40 $62,194 $44,544 $251,706
27:ST CATHARINES, ON 0.541% 36 $52,037 $36,295 $153,949
28:ETOBICOKE, ON 0.522% 37 $57,035 $45,029 $239,495
29:NORTH YORK, ON 0.518% 38 $59,492 $50,934 $280,226
30:RICHMOND HILL, ON 0.513% 40 $74,155 $55,549 $230,508
31:BRANTFORD, ON 0.497% 36 $49,992 $32,873 $153,786
32:KINGSTON, ON 0.490% 38 $57,234 $45,693 $186,493
33:GATINEAU, QC 0.449% 38 $60,527 $44,420 $172,873
34:MARKHAM, ON 0.446% 37 $71,359 $51,967 $248,778
35:SAULT STE MARIE, ON 0.440% 36 $49,296 $41,636 $128,090
36:HALIFAX, NS 0.440% 35 $52,802 $40,820 $177,628
37:LETHBRIDGE, AB 0.428% 38 $54,709 $33,299 $198,778
38:SUDBURY, ON 0.410% 37 $63,678 $38,850 $164,291
39:AJAX, ON 0.408% 39 $68,822 $44,059 $201,287
40:PETERBOROUGH, ON 0.407% 37 $51,246 $47,314 $156,532
41:WATERLOO, ON 0.403% 37 $61,399 $41,562 $218,071
42:WHITEHORSE, YT 0.391% 38 $63,645 $48,497 $258,732
43:SHERWOOD PARK, AB 0.385% 40 $74,341 $53,179 $231,264
44:THUNDER BAY, ON 0.382% 37 $54,307 $39,076 $113,703
45:WHITBY, ON 0.378% 38 $63,730 $53,424 $180,182
46:GRANDE PRAIRIE, AB 0.350% 35 $70,879 $47,693 $205,813
47:BURNABY, BC 0.336% 37 $60,741 $46,038 $271,169
48:YELLOWKNIFE, NT 0.330% 35 $74,796 $66,509 $281,320
49:KELOWNA, BC 0.325% 41 $63,946 $36,349 $222,604
50:MONCTON, NB 0.325% 34 $44,997 $33,458 $129,679

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 applicants living in Canada who have applied for a home loan using the pre-approval application on CanEquity's web site.

Average annual gross income for
applicants within all of Canada: $60,593.10
co-applicants within all of Canada: $43,761.59
Difference: $16,831.52

Note: Commercial Mortgages were not included for this section, only residential mortgage loan amounts were used.

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Ontario
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in North Vancouver.

Mortgage Product Type Inquiries
Mortgage Pre-approval22.40%
Mortgage Renewal16.00%
First-time Home Buyer14.40%
New Purchase14.40%
No Money Down discontinued13.60%
Refinance/Consolidate Debt8.00%
Other11.2%