Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
Disclaimer:
CanEquity Mortgage has compiled the following data for educational and informational purposes as outlined in our privacy policy. All names, street and e-mail addresses, telephone numbers, dates of birth, and other forms of identification have been removed before the following data was compiled. These statistics are anonymous and contain no personal information, and cannot be used to gather such information.
The statistics gathered are from CanEquity’s web site and do not include inquiries via fax, e-mail, contact forms, phone-ins or walk-ins. The statistics gathered represent the growing Internet usage and mortgage trends found within Canada.
All information, charts and graphs represented are deemed accurate and reliable but no warranty or guarantee is implied. Data may be noticeably affected from time to time by changes in CanEquity Mortgage marketing efforts. Data may also be affected by Internet connectivity, outages and service (or lack of) to areas within Canada. The range of data collected is from 45,000 to 65,000 mortgage applicants from across Canada. All data has a deviation of +/- 1.00% for added anonymity. No statistic contained herein represents a single person.
This information may be used freely for educational or non-commercial use. For more information about this service, please e-mail marketing@canequity.com. Copyright © 2001-2010 CEG Research, The Canadian Equity Group Inc.
| Year | Volume |
|---|---|
| 2012: | * 3.96% |
| 2011: | 10.91% |
| 2010: | 11.13% |
| 2009: | 13.45% |
| 2008: | 10.75% |
| 2007: | 10.50% |
| 2006: | 11.36% |
| 2005: | 8.47% |
| 2004: | 7.54% |
| 2003: | 7.28% |
| 2002: | 4.64% |
The bar graph below illustrates the individual monthly volume history for online pre-approval applications.
The graph below displays the volumes of 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 29.87% while our slowest is the fourth quarter (represented by the red bars) with 18.65%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 10.7% | |
| 2: | April: | 10.4% | |
| 3: | January: | 9.8% | |
| 4: | February: | 9.3% | |
| 5: | May: | 9.2% | |
| 6: | June: | 8.4% | |
| 7: | July: | 8.2% | |
| 8: | August: | 8.0% | |
| 9: | September: | 7.4% | |
| 10: | October: | 7.3% | |
| 11: | November: | 6.5% | |
| 12: | December: | 4.9% |
The graph below illustrates the busy days for online applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Canada, the day with the most volume, generating 18.08% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 9.31% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 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% |
Inquiries are received 24 hours a day from our web site. The statistics shown below represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 35.6% of all mortgages are received before noon, while 64.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.2% |
| 01:00 to 01:59: | 0.7% |
| 02:00 to 02:59: | 0.4% |
| 03:00 to 03:59: | 0.4% |
| 04:00 to 04:59: | 0.6% |
| 05:00 to 05:59: | 1.2% |
| 06:00 to 06:59: | 2.1% |
| 07:00 to 07:59: | 3.6% |
| 08:00 to 08:59: | 5.0% |
| 09:00 to 09:59: | 6.1% |
| 10:00 to 10:59: | 6.9% |
| 11:00 to 11:59: | 7.1% |
| 12:00 to 12:59: | 7.4% |
| 13:00 to 13:59: | 7.0% |
| 14:00 to 14:59: | 6.7% |
| 15:00 to 15:59: | 6.1% |
| 16:00 to 16:59: | 5.5% |
| 17:00 to 17:59: | 5.6% |
| 18:00 to 18:59: | 5.8% |
| 19:00 to 19:59: | 5.4% |
| 20:00 to 20:59: | 5.2% |
| 21:00 to 21:59: | 4.3% |
| 22:00 to 22:59: | 3.2% |
| 23:00 to 23:59: | 2.1% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.56% |
| Manitoba: | 2.05% |
| New Brunswick: | 2.44% |
| Newfoundland and Labrador: | 1.27% |
| Nova Scotia: | 3.30% |
| Northwest Territories: | 0.42% |
| Nunavut: | 0.10% |
| Ontario: | 47.81% |
| Prince Edward Island: | 0.52% |
| Quebec: | 3.94% |
| Saskatchewan: | 4.91% |
| Yukon Territories: | 0.43% |
| City or Town within Canada | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Home Loan | |
|---|---|---|---|---|---|---|
| 001: | CALGARY, AB | 6.807% | 37 | $67,336.30 | $47,085.61 | $233,754.28 |
| 002: | EDMONTON, AB | 4.465% | 36 | $59,311.20 | $43,183.12 | $213,225.61 |
| 003: | TORONTO, ON | 4.465% | 37 | $72,633.97 | $52,524.53 | $262,878.51 |
| 004: | MISSISSAUGA, ON | 2.435% | 38 | $65,424.64 | $44,637.02 | $232,917.44 |
| 005: | OTTAWA, ON | 2.195% | 37 | $64,965.90 | $48,495.50 | $207,281.36 |
| 006: | REGINA, SK | 1.746% | 34 | $48,107.36 | $37,101.09 | $135,277.39 |
| 007: | LONDON, ON | 1.530% | 37 | $53,443.53 | $40,935.32 | $159,197.98 |
| 008: | HAMILTON, ON | 1.483% | 37 | $52,260.11 | $37,514.59 | $152,785.03 |
| 009: | BRAMPTON, ON | 1.481% | 38 | $56,798.51 | $40,937.22 | $203,219.90 |
| 010: | WINNIPEG, MB | 1.148% | 37 | $51,027.66 | $36,164.95 | $143,595.95 |
| 011: | KITCHENER, ON | 1.037% | 36 | $56,475.28 | $45,116.36 | $181,417.87 |
| 012: | VANCOUVER, BC | 0.952% | 39 | $67,407.84 | $46,402.47 | $278,427.05 |
| 013: | SCARBOROUGH, ON | 0.876% | 38 | $55,790.84 | $40,203.50 | $224,598.86 |
| 014: | MONTREAL, QC | 0.830% | 38 | $65,260.12 | $45,475.09 | $224,415.39 |
| 015: | WINDSOR, ON | 0.809% | 36 | $56,500.07 | $41,176.10 | $130,284.54 |
| 016: | BARRIE, ON | 0.803% | 36 | $55,607.48 | $37,187.77 | $173,098.85 |
| 017: | BURLINGTON, ON | 0.778% | 39 | $69,515.60 | $46,094.92 | $203,127.54 |
| 018: | SASKATOON, SK | 0.738% | 36 | $53,848.59 | $40,391.23 | $167,887.39 |
| 019: | SURREY, BC | 0.722% | 39 | $62,495.96 | $45,711.45 | $231,589.38 |
| 020: | GUELPH, ON | 0.682% | 36 | $57,003.44 | $40,981.77 | $199,624.50 |
| 021: | VICTORIA, BC | 0.665% | 40 | $61,265.29 | $42,607.53 | $239,595.98 |
| 022: | OAKVILLE, ON | 0.658% | 40 | $76,746.70 | $48,433.21 | $228,662.72 |
| 023: | CAMBRIDGE, ON | 0.636% | 37 | $56,113.93 | $39,202.59 | $178,912.59 |
| 024: | OSHAWA, ON | 0.625% | 38 | $54,616.40 | $42,613.64 | $153,458.48 |
| 025: | RED DEER, AB | 0.613% | 34 | $58,730.27 | $39,697.85 | $206,179.37 |
| 026: | FORT MCMURRAY, AB | 0.589% | 35 | $97,145.52 | $62,757.79 | $338,047.16 |
| 027: | ST CATHARINES, ON | 0.549% | 36 | $51,649.70 | $36,023.97 | $153,377.29 |
| 028: | ETOBICOKE, ON | 0.533% | 37 | $56,534.83 | $44,370.64 | $231,871.75 |
| 029: | NORTH YORK, ON | 0.522% | 38 | $59,093.18 | $49,796.99 | $272,795.88 |
| 030: | BRANTFORD, ON | 0.513% | 36 | $50,118.72 | $33,835.56 | $150,437.34 |
| 031: | KINGSTON, ON | 0.504% | 38 | $55,848.84 | $44,036.01 | $175,840.93 |
| 032: | RICHMOND HILL, ON | 0.500% | 39 | $70,443.22 | $55,579.28 | $225,062.06 |
| 033: | HALIFAX, NS | 0.451% | 36 | $51,848.71 | $38,292.62 | $168,654.27 |
| 034: | SAULT STE MARIE, ON | 0.439% | 36 | $46,851.88 | $41,359.17 | $122,679.38 |
| 035: | MARKHAM, ON | 0.435% | 37 | $68,411.34 | $50,070.44 | $240,537.35 |
| 036: | LETHBRIDGE, AB | 0.433% | 38 | $53,382.90 | $30,843.70 | $186,909.24 |
| 037: | GATINEAU, QC | 0.430% | 38 | $60,091.69 | $43,456.38 | $169,141.29 |
| 038: | WATERLOO, ON | 0.413% | 37 | $61,307.44 | $41,465.84 | $214,383.20 |
| 039: | SHERWOOD PARK, AB | 0.408% | 40 | $74,001.23 | $49,223.47 | $220,203.13 |
| 040: | PETERBOROUGH, ON | 0.404% | 37 | $51,134.85 | $45,739.33 | $153,368.34 |
| 041: | AJAX, ON | 0.395% | 39 | $67,112.61 | $42,435.71 | $195,110.54 |
| 042: | SUDBURY, ON | 0.393% | 37 | $62,961.27 | $38,320.34 | $155,422.61 |
| 043: | THUNDER BAY, ON | 0.383% | 38 | $53,776.68 | $39,779.64 | $109,613.97 |
| 044: | WHITBY, ON | 0.377% | 38 | $63,249.92 | $52,771.88 | $169,674.89 |
| 045: | WHITEHORSE, YT | 0.350% | 38 | $62,091.95 | $46,219.29 | $248,973.67 |
| 046: | NIAGARA FALLS, ON | 0.334% | 36 | $46,621.43 | $38,865.85 | $144,740.76 |
| 047: | KELOWNA, BC | 0.330% | 41 | $61,927.01 | $35,075.74 | $210,862.11 |
| 048: | PICKERING, ON | 0.328% | 39 | $65,511.89 | $54,588.91 | $176,411.09 |
| 049: | ST ALBERT, AB | 0.325% | 38 | $71,200.36 | $45,556.81 | $209,143.08 |
| 050: | BURNABY, BC | 0.325% | 37 | $60,715.33 | $44,185.56 | $257,121.13 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 21.5% | |
| First-time Buyer: | 17.7% | |
| Refinance: | 15.4% | |
| Purchase: | 13.4% | |
| No Money Down: | 12.2% | |
| Renewal: | 10.2% | |
| Pre-approval: | 1.9% | |
| Commercial: | 1.8% | |
| Variable Rate: | 1.6% | |
| Other: | 4.2% | |
| Total Application Types Found: 25 | ||
Average age: 38
Oldest age: 90
Youngest age: 19
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: | $59,709.04 |
| co-applicants within all of Canada: | $42,699.57 |
| Difference: | $17,009.47 |
The information shown below represents the residential status of people living in Canada who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 43.0% | |
| Own: | 45.1% | |
| Other: | 2.5% | |
| No Comment: | 4.3% | |
| Live with parents: | 5.1% |
The following pie chart represents the marital status of applicants using the mortgage application found at canequity.com. 62% of the mortgage applicants are either married or living common-law, while only 36% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 48.5% | |
| Single: | 28.1% | |
| Common-law: | 14.3% | |
| Separated: | 4.2% | |
| Divorced: | 4.1% | |
| Widowed: | 0.8% | |
| : | 0.0% |
