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Life InsuranceVariable closed: 2.60% 1 year closed: 2.74% 3 year closed: 2.59% 5 year closed: 3.04% 10 year special: 3.58% 
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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.
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%.
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: | 8.7% |
| 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 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% |
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.
| 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: | 47.83% |
| 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.
- 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
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.
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.
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 discontinued | 22.78% | |
| Refinance/Consolidate Debt | 20.25% | |
| First-time Home Buyer | 16.46% | |
| Mortgage Pre-approval | 13.92% | |
| Mortgage Renewal | 8.86% | |
| New Purchase | 7.59% | |
| Other | 10.14% |
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