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: | 29.25% | 0.12% |
| 2010: | 9.91% | 0.04% |
| 2009: | 11.32% | 0.04% |
| 2008: | 11.79% | 0.05% |
| 2007: | 9.43% | 0.04% |
| 2006: | 9.91% | 0.04% |
| 2005: | 6.60% | 0.03% |
| 2004: | 3.30% | 0.01% |
| 2003: | 4.72% | 0.02% |
| 2002: | 3.77% | 0.01% |
This graph illustrates the individual monthly volume history for Internet pre-approval applications received from Northwest Territories.
The bar graph below shows the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our third quarter (represented by the blue bars) with 28.30% while our slowest is the fourth quarter (represented by the red bars) with 21.70%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 13.7% | |
| 2: | August: | 13.2% | |
| 3: | May: | 10.9% | |
| 4: | November: | 9.4% | |
| 5: | September: | 9.4% | |
| 6: | June: | 8.5% | |
| 7: | October: | 8.0% | |
| 8: | April: | 7.5% | |
| 9: | July: | 5.7% | |
| 10: | January: | 5.2% | |
| 11: | December: | 4.3% | |
| 12: | February: | 4.3% |
The information below shows the busy days for Internet applications that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In Northwest Territories the busiest day, with approximately 18.87% of all applications, is Monday. In comparison, Thursday's are the slowest day with only 9.43% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.9% | |
| 2: | Wednesday: | 17.0% | |
| 3: | Tuesday: | 16.5% | |
| 4: | Sunday: | 14.2% | |
| 5: | Friday: | 12.3% | |
| 6: | Saturday: | 11.8% | |
| 7: | Thursday: | 9.4% |
Mortgage inquiries are received 24 hours a day on the CanEquity web site. The time periods below indicates the busy hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.8% |
| 01:00 to 01:59: | 2.4% |
| 02:00 to 02:59: | 0.9% |
| 03:00 to 03:59: | 0.5% |
| 05:00 to 05:59: | 0.5% |
| 08:00 to 08:59: | 1.9% |
| 09:00 to 09:59: | 5.2% |
| 10:00 to 10:59: | 5.2% |
| 11:00 to 11:59: | 7.1% |
| 12:00 to 12:59: | 9.0% |
| 13:00 to 13:59: | 8.0% |
| 14:00 to 14:59: | 5.7% |
| 15:00 to 15:59: | 7.1% |
| 16:00 to 16:59: | 7.5% |
| 17:00 to 17:59: | 3.8% |
| 18:00 to 18:59: | 3.3% |
| 19:00 to 19:59: | 3.3% |
| 20:00 to 20:59: | 6.6% |
| 21:00 to 21:59: | 6.1% |
| 22:00 to 22:59: | 6.6% |
| 23:00 to 23:59: | 5.7% |
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 5232.5% |
| British Columbia: | 2642.5% |
| Manitoba: | 514.6% |
| New Brunswick: | 607.1% |
| Newfoundland and Labrador: | 311.3% |
| Nova Scotia: | 820.3% |
| Northwest Territories: | 100.0% |
| Nunavut: | 24.5% |
| Ontario: | 12013.7% |
| Prince Edward Island: | 131.6% |
| Quebec: | 991.5% |
| Saskatchewan: | 1233.5% |
| Yukon Territories: | 101.4% |
| City or Town within the province of Northwest Territories | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Home Loan | |
|---|---|---|---|---|---|---|
| 001: | YELLOWKNIFE, NT | 66.038% | 35 | $71,984.04 | $61,653.55 | $246,322.41 |
| 002: | INUVIK, NT | 11.321% | 42 | $85,836.14 | $48,826.00 | $207,140.00 |
| 003: | HAY RIVER, NT | 10.377% | 36 | $66,322.36 | $58,362.50 | $181,947.37 |
| 004: | FORT SMITH, NT | 2.358% | 38 | $80,904.40 | n/a | $117,800.00 |
| 005: | BEHCHOKO, NT | 2.358% | 38 | $96,600.00 | n/a | $194,980.00 |
| 006: | FORT SIMPSON, NT | 1.415% | 51 | $61,666.67 | $94,500.00 | $178,333.33 |
| 007: | TUKTOYAKTUK, NT | 1.415% | 25 | $53,333.33 | n/a | $163,333.33 |
| 008: | NORMAN WELLS, NT | 1.415% | 43 | $110,000.00 | $51,000.00 | $244,166.67 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 23.6% | |
| Purchase: | 22.2% | |
| Qualification: | 20.8% | |
| No Money Down: | 15.1% | |
| Refinance: | 9.9% | |
| Renewal: | 4.2% | |
| Commercial: | 0.9% | |
| Second Mortgage: | 0.9% | |
| Other: | 2.5% | |
| Total Application Types Found: 13 | ||
Average age: 37
Oldest age: 62
Youngest age: 21
The following figures show the average income of applicants living in Northwest Territories who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Northwest Territories: | $74,072.85 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $14,574.39 |
| mortgage co-applicants in Northwest Territories: | $60,730.03 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $18,326.90 |
The table and pie chart below represents the residential status of people living in Northwest Territories who have applied for a mortgage using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 66.0% | |
| Own: | 25.0% | |
| Other: | 5.2% | |
| No Comment: | 2.4% | |
| Live with parents: | 1.4% |
The pie chart below represents the marital status of applicants from Northwest Territories using the mortgage preapproval application found at the CanEquity web site. In Northwest Territories, approximately 68% of the mortgage applicants are living with someone, while only 31% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 48.1% | |
| Single: | 28.8% | |
| Common-law: | 20.3% | |
| Divorced: | 1.9% | |
| Separated: | 0.9% |
