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 Comparison | ** National Contribution |
|---|---|---|
| 2011: | 15.00% | 0.19% |
| 2010: | 14.55% | 0.18% |
| 2009: | 11.52% | 0.14% |
| 2008: | 13.79% | 0.17% |
| 2007: | 8.03% | 0.10% |
| 2006: | 10.15% | 0.13% |
| 2005: | 7.88% | 0.10% |
| 2004: | 6.21% | 0.08% |
| 2003: | 7.58% | 0.09% |
| 2002: | 5.30% | 0.07% |
The graph below represents the individual monthly volume history for Internet pre-approval applications received from Newfoundland and Labrador.
The bar graph below illustrates the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our second quarter (represented by the green bars) with 28.03% while our slowest is the fourth quarter (represented by the red bars) with 18.64%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 11.5% | |
| 2: | May: | 10.6% | |
| 3: | July: | 10.4% | |
| 4: | August: | 9.4% | |
| 5: | June: | 9.4% | |
| 6: | April: | 8.0% | |
| 7: | October: | 7.7% | |
| 8: | September: | 7.7% | |
| 9: | February: | 7.6% | |
| 10: | November: | 6.7% | |
| 11: | January: | 6.7% | |
| 12: | December: | 4.2% |
The data below compares the busy days for 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 Newfoundland and Labrador the busiest day of the week, with 18.94% of all applications, is Tuesday. In comparison, Friday's are the slowest day with only 10.45% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 18.9% | |
| 2: | Monday: | 17.7% | |
| 3: | Wednesday: | 14.9% | |
| 4: | Thursday: | 14.2% | |
| 5: | Saturday: | 12.0% | |
| 6: | Sunday: | 11.8% | |
| 7: | Friday: | 10.4% |
In Newfoundland and Labrador, applications are received 24 hours a day from the CanEquity web site. The time periods below indicates the busy hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.3% |
| 01:00 to 01:59: | 0.5% |
| 02:00 to 02:59: | 0.6% |
| 03:00 to 03:59: | 0.3% |
| 04:00 to 04:59: | 1.8% |
| 05:00 to 05:59: | 3.2% |
| 06:00 to 06:59: | 4.1% |
| 07:00 to 07:59: | 6.8% |
| 08:00 to 08:59: | 7.3% |
| 09:00 to 09:59: | 6.5% |
| 10:00 to 10:59: | 6.5% |
| 11:00 to 11:59: | 6.2% |
| 12:00 to 12:59: | 7.3% |
| 13:00 to 13:59: | 7.1% |
| 14:00 to 14:59: | 6.2% |
| 15:00 to 15:59: | 5.9% |
| 16:00 to 16:59: | 5.8% |
| 17:00 to 17:59: | 7.7% |
| 18:00 to 18:59: | 5.3% |
| 19:00 to 19:59: | 4.4% |
| 20:00 to 20:59: | 2.3% |
| 21:00 to 21:59: | 2.1% |
| 22:00 to 22:59: | 1.2% |
| 23:00 to 23:59: | 0.6% |
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 1680.8% |
| British Columbia: | 848.8% |
| Manitoba: | 165.3% |
| New Brunswick: | 195.0% |
| Newfoundland and Labrador: | 100.0% |
| Nova Scotia: | 263.5% |
| Northwest Territories: | 32.1% |
| Nunavut: | 7.9% |
| Ontario: | 3858.9% |
| Prince Edward Island: | 42.3% |
| Quebec: | 318.5% |
| Saskatchewan: | 396.2% |
| Yukon Territories: | 32.6% |
| City or Town within the province of Newfoundland and Labrador | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Home Loan | |
|---|---|---|---|---|---|---|
| 001: | ST JOHN'S, NL | 25.303% | 37 | $49,012.82 | $33,977.63 | $125,293.75 |
| 002: | CORNER BROOK, NL | 7.576% | 35 | $49,842.15 | $30,280.00 | $142,860.98 |
| 003: | MOUNT PEARL, NL | 6.970% | 42 | $55,972.98 | $39,014.05 | $168,448.72 |
| 004: | CONCEPTION BAY SOUTH, NL | 3.788% | 34 | $44,157.82 | $25,914.00 | $120,000.00 |
| 005: | PARADISE, NL | 3.788% | 38 | $77,038.33 | $36,667.86 | $174,585.65 |
| 006: | GRAND FALLS-WINDSOR, NL | 3.485% | 41 | $42,269.70 | $30,334.29 | $99,036.84 |
| 007: | GANDER, NL | 3.030% | 33 | $51,500.17 | $25,500.00 | $94,394.12 |
| 008: | PORTUGAL COVE-ST PHILIPS, NL | 2.576% | 36 | $58,916.40 | $30,100.00 | $128,542.31 |
| 009: | HAPPY VALLEY-GOOSE BAY, NL | 1.515% | 43 | $54,600.00 | $77,800.00 | $140,750.00 |
| 010: | LABRADOR CITY, NL | 1.515% | 34 | $62,000.00 | $44,550.00 | $148,555.56 |
| 011: | MARYSTOWN, NL | 1.515% | 33 | $68,842.33 | n/a | $119,640.00 |
| 012: | CLARENVILLE, NL | 1.212% | 32 | $52,862.25 | n/a | $139,857.14 |
| 013: | TORBAY, NL | 1.061% | 39 | $40,580.00 | $31,000.00 | $155,600.00 |
| 014: | DEER LAKE, NL | 1.061% | 39 | $52,977.14 | $40,000.00 | $130,778.00 |
| 015: | NORTH WEST RIVER, NL | 1.061% | 32 | $65,142.86 | $41,000.00 | $156,714.29 |
| 016: | HOLYROOD, NL | 1.061% | 50 | $41,650.00 | $45,450.00 | $167,693.83 |
| 017: | BISHOPS FALLS, NL | 1.061% | 30 | $35,928.57 | $21,500.00 | $86,800.00 |
| 018: | STEPHENVILLE, NL | 0.909% | 41 | $50,533.33 | n/a | $103,666.67 |
| 019: | PASADENA, NL | 0.909% | 44 | $36,989.17 | $31,413.33 | $127,980.00 |
| 020: | CARBONEAR, NL | 0.909% | 43 | $45,500.00 | n/a | $58,400.00 |
| 021: | LEWISPORTE, NL | 0.909% | 35 | $44,383.33 | $40,300.00 | $105,940.00 |
| 022: | BAIE VERTE, NL | 0.758% | 41 | $39,912.00 | n/a | $82,500.00 |
| 023: | DOYLES, NL | 0.758% | 58 | $34,250.00 | n/a | $93,333.33 |
| 024: | SPANIARDS BAY, NL | 0.606% | 35 | $39,250.00 | $22,000.00 | $94,725.00 |
| 025: | GOULDS, NL | 0.606% | 34 | $34,000.00 | $61,912.00 | $69,633.33 |
| 026: | BOTWOOD, NL | 0.606% | 38 | $39,000.00 | $33,500.00 | $63,666.67 |
| 027: | FLATROCK, NL | 0.606% | 36 | $32,866.00 | $23,500.00 | $71,600.00 |
| 028: | MOUNT MORIAH, NL | 0.606% | 27 | $38,423.50 | $23,000.00 | $95,000.00 |
| 029: | KIPPENS, NL | 0.606% | 45 | $75,042.25 | n/a | $133,500.00 |
| 030: | NORMANS COVE, NL | 0.606% | 33 | $58,634.00 | $27,000.00 | $116,080.50 |
| 031: | PETERVIEW, NL | 0.455% | 43 | $21,500.00 | $34,000.00 | $188,333.33 |
| 032: | LEWINS COVE, NL | 0.455% | 30 | $32,700.00 | n/a | $78,633.33 |
| 033: | GLOVERTOWN, NL | 0.455% | 43 | $30,333.33 | n/a | $25,000.00 |
| 034: | NORRIS ARM NORTHSIDE, NL | 0.455% | 62 | $12,500.00 | $90,500.00 | $41,000.00 |
| 035: | SHEARSTOWN, NL | 0.455% | 42 | $56,166.67 | n/a | $88,333.33 |
| 036: | BENOITS COVE, NL | 0.455% | 25 | $44,000.00 | $45,000.00 | $171,500.00 |
| 037: | PLACENTIA, NL | 0.455% | 30 | $25,933.33 | n/a | $73,000.00 |
| 038: | EASTPORT, NL | 0.455% | 45 | $61,500.00 | n/a | $92,500.00 |
| 039: | STEPHENVILLE CROSSING, NL | 0.455% | 33 | $19,500.00 | n/a | $115,000.00 |
| 040: | LOGY BAY, NL | 0.303% | 62 | n/a | n/a | $139,000.00 |
| 041: | FRENCHMANS COVE BOI, NL | 0.303% | 39 | $35,000.00 | $15,000.00 | $42,050.00 |
| 042: | UPPER ISLAND COVE, NL | 0.303% | 40 | $65,000.00 | $17,000.00 | $75,000.00 |
| 043: | SPRINGDALE, NL | 0.303% | 38 | $45,500.00 | n/a | $94,500.00 |
| 044: | BAY DE VERDE, NL | 0.303% | 65 | $16,482.00 | $13,890.00 | n/a |
| 045: | GRAND BANK, NL | 0.303% | 45 | $66,500.00 | n/a | $98,750.00 |
| 046: | ROCKY HARBOUR, NL | 0.303% | 38 | $44,027.00 | n/a | $70,000.00 |
| 047: | POUCH COVE, NL | 0.303% | 32 | n/a | n/a | $150,000.00 |
| 048: | LARK HARBOUR, NL | 0.303% | 26 | $36,500.00 | $34,500.00 | $207,500.00 |
| 049: | CLARKES BEACH, NL | 0.303% | 35 | $87,500.00 | n/a | $167,500.00 |
| 050: | CATALINA, NL | 0.303% | 53 | $80,000.00 | n/a | $48,000.00 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 24.4% | |
| Refinance: | 18.5% | |
| First-time Buyer: | 17.6% | |
| No Money Down: | 15.0% | |
| Purchase: | 12.4% | |
| Renewal: | 7.4% | |
| Pre-approval: | 1.1% | |
| Other: | 3.9% | |
| Total Application Types Found: 19 | ||
Average age: 38
Oldest age: 72
Youngest age: 19
The information below represents the average income of applicants living in Newfoundland and Labrador who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Newfoundland and Labrador: | $50,194.63 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($9,303.84) |
| mortgage co-applicants in Newfoundland and Labrador: | $34,535.51 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($7,867.62) |
The information below represents the residential status of people living in Newfoundland and Labrador who have submitted an inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 42.1% | |
| Own: | 44.1% | |
| Other: | 3.3% | |
| No Comment: | 3.0% | |
| Live with parents: | 7.4% |
The pie chart below represents the marital status of applicants from Newfoundland and Labrador using the mortgage application located at canequity.com. In Newfoundland and Labrador, 65% of the mortgage applicants are living together with someone, while only 34% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 49.7% | |
| Single: | 28.3% | |
| Common-law: | 16.1% | |
| Divorced: | 3.0% | |
| Separated: | 2.7% | |
| Widowed: | 0.2% |
