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: | 10.17% | 0.50% |
| 2010: | 9.60% | 0.47% |
| 2009: | 10.78% | 0.53% |
| 2008: | 9.41% | 0.46% |
| 2007: | 13.81% | 0.68% |
| 2006: | 30.98% | 1.53% |
| 2005: | 4.05% | 0.20% |
| 2004: | 3.48% | 0.17% |
| 2003: | 4.78% | 0.24% |
| 2002: | 2.94% | 0.14% |
The graph below depicts the individual monthly volume history for Internet mortgage pre-approval applications sent from Saskatchewan.
This graph displays the volumes of online mortgage 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 31.63% while our slowest is the fourth quarter (represented by the red bars) with 18.16%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 10.9% | |
| 2: | June: | 10.5% | |
| 3: | May: | 10.3% | |
| 4: | March: | 9.9% | |
| 5: | August: | 9.8% | |
| 6: | July: | 9.8% | |
| 7: | September: | 8.0% | |
| 8: | October: | 7.3% | |
| 9: | February: | 6.5% | |
| 10: | November: | 6.3% | |
| 11: | January: | 6.3% | |
| 12: | December: | 4.5% |
The bar graph listed below illustrates the busy days for online inquiries 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 Saskatchewan, the day with the most volume, having more than 18.20% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 8.76% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.2% | |
| 2: | Tuesday: | 17.4% | |
| 3: | Wednesday: | 16.2% | |
| 4: | Thursday: | 15.6% | |
| 5: | Sunday: | 12.0% | |
| 6: | Friday: | 11.9% | |
| 7: | Saturday: | 8.8% |
Inquiries are received 24 hours a day via the CanEquity web site. The graph shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years. Only 26.0% of all mortgages are received before noon, while 69.6% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.9% |
| 01:00 to 01:59: | 1.1% |
| 02:00 to 02:59: | 0.6% |
| 03:00 to 03:59: | 0.4% |
| 04:00 to 04:59: | 0.3% |
| 05:00 to 05:59: | 0.3% |
| 06:00 to 06:59: | 0.9% |
| 07:00 to 07:59: | 1.8% |
| 08:00 to 08:59: | 3.4% |
| 09:00 to 09:59: | 5.1% |
| 10:00 to 10:59: | 6.8% |
| 11:00 to 11:59: | 7.7% |
| 12:00 to 12:59: | 7.8% |
| 13:00 to 13:59: | 7.4% |
| 14:00 to 14:59: | 6.7% |
| 15:00 to 15:59: | 6.8% |
| 16:00 to 16:59: | 5.4% |
| 17:00 to 17:59: | 5.0% |
| 18:00 to 18:59: | 5.4% |
| 19:00 to 19:59: | 4.7% |
| 20:00 to 20:59: | 5.4% |
| 21:00 to 21:59: | 6.8% |
| 22:00 to 22:59: | 4.7% |
| 23:00 to 23:59: | 3.4% |
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 424.2% |
| British Columbia: | 214.2% |
| Manitoba: | 41.7% |
| New Brunswick: | 49.2% |
| Newfoundland and Labrador: | 25.2% |
| Nova Scotia: | 66.5% |
| Northwest Territories: | 8.1% |
| Nunavut: | 2.0% |
| Ontario: | 974.0% |
| Prince Edward Island: | 10.7% |
| Quebec: | 80.4% |
| Saskatchewan: | 100.0% |
| Yukon Territories: | 8.2% |
| City or Town within the province of Saskatchewan | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Home Loan | |
|---|---|---|---|---|---|---|
| 001: | REGINA, SK | 36.099% | 34 | $47,821.73 | $37,067.90 | $133,647.23 |
| 002: | SASKATOON, SK | 15.182% | 37 | $53,790.14 | $40,328.28 | $168,918.34 |
| 003: | MOOSE JAW, SK | 5.392% | 37 | $43,364.57 | $34,668.08 | $113,202.84 |
| 004: | PRINCE ALBERT, SK | 3.824% | 35 | $44,870.43 | $39,565.21 | $128,710.59 |
| 005: | LLOYDMINSTER, SK | 2.486% | 34 | $54,121.46 | $29,573.33 | $177,831.75 |
| 006: | WEYBURN, SK | 1.721% | 32 | $52,848.84 | $27,680.00 | $116,256.00 |
| 007: | ESTEVAN, SK | 1.721% | 33 | $51,608.93 | $36,828.42 | $159,682.05 |
| 008: | YORKTON, SK | 1.530% | 37 | $60,343.47 | $34,428.57 | $113,521.92 |
| 009: | NORTH BATTLEFORD, SK | 1.453% | 38 | $49,815.64 | $32,500.00 | $102,443.56 |
| 010: | SWIFT CURRENT, SK | 0.956% | 32 | $60,883.64 | $41,250.00 | $139,134.76 |
| 011: | MELVILLE, SK | 0.880% | 35 | $59,995.45 | $22,750.00 | $89,344.80 |
| 012: | NIPAWIN, SK | 0.650% | 35 | $57,266.00 | $32,200.00 | $110,126.67 |
| 013: | LUMSDEN, SK | 0.650% | 37 | $49,231.25 | $34,000.00 | $117,500.00 |
| 014: | MARTENSVILLE, SK | 0.612% | 34 | $55,252.29 | $38,500.00 | $157,740.00 |
| 015: | LA RONGE, SK | 0.574% | 34 | $46,529.53 | $27,890.86 | $99,576.92 |
| 016: | BALGONIE, SK | 0.535% | 31 | $50,683.77 | $30,058.33 | $166,318.82 |
| 017: | KINDERSLEY, SK | 0.535% | 34 | $51,330.14 | $14,000.00 | $116,482.69 |
| 018: | MELFORT, SK | 0.459% | 31 | $40,107.09 | $26,350.00 | $103,363.64 |
| 019: | CARNDUFF, SK | 0.421% | 35 | $70,606.18 | $19,850.00 | $96,350.00 |
| 020: | BATTLEFORD, SK | 0.421% | 40 | $53,572.91 | $26,000.00 | $186,700.00 |
| 021: | MEADOW LAKE, SK | 0.421% | 37 | $62,133.67 | $27,666.67 | $135,100.00 |
| 022: | WARMAN, SK | 0.382% | 33 | $55,362.00 | $48,470.00 | $267,650.00 |
| 023: | HUMBOLDT, SK | 0.382% | 38 | $35,638.78 | n/a | $83,250.00 |
| 024: | CANORA, SK | 0.344% | 39 | $46,666.67 | $24,500.00 | $90,312.50 |
| 025: | MOOSOMIN, SK | 0.344% | 40 | $66,600.00 | n/a | $155,155.56 |
| 026: | INDIAN HEAD, SK | 0.344% | 35 | $36,651.50 | $24,333.33 | $141,285.71 |
| 027: | TISDALE, SK | 0.344% | 45 | $39,699.75 | $29,000.00 | $101,237.50 |
| 028: | SOUTHEY, SK | 0.306% | 38 | $44,975.00 | $18,733.33 | $70,500.00 |
| 029: | UNITY, SK | 0.306% | 31 | $51,566.67 | $116,250.00 | $108,500.00 |
| 030: | FORT QU'APPELLE, SK | 0.306% | 35 | $94,870.88 | $36,020.00 | $108,375.00 |
| 031: | BIGGAR, SK | 0.268% | 42 | $38,343.29 | n/a | $31,416.67 |
| 032: | ASSINIBOIA, SK | 0.268% | 33 | $54,990.00 | n/a | $151,708.33 |
| 033: | LAFLECHE, SK | 0.268% | 31 | $74,866.67 | $25,400.00 | $167,900.00 |
| 034: | HUDSON BAY, SK | 0.268% | 43 | $88,666.67 | n/a | $182,871.83 |
| 035: | WILKIE, SK | 0.268% | 35 | $57,657.14 | n/a | $114,166.67 |
| 036: | DALMENY, SK | 0.268% | 40 | $45,329.00 | $31,500.00 | $107,645.17 |
| 037: | MIDALE, SK | 0.229% | 24 | $65,000.00 | n/a | $156,500.00 |
| 038: | WHITEWOOD, SK | 0.229% | 37 | $113,280.00 | n/a | $54,720.00 |
| 039: | ELROSE, SK | 0.229% | 45 | $52,048.00 | n/a | $62,750.00 |
| 040: | KAMSACK, SK | 0.229% | 38 | $60,750.00 | n/a | $89,333.33 |
| 041: | MAPLE CREEK, SK | 0.229% | 36 | $73,000.00 | $23,892.00 | $84,875.00 |
| 042: | BIENFAIT, SK | 0.229% | 31 | $77,993.50 | n/a | $67,200.00 |
| 043: | BIRCH HILLS, SK | 0.229% | 41 | $40,180.50 | n/a | $160,000.00 |
| 044: | BUSHELL PARK, SK | 0.229% | 29 | $54,260.83 | $31,076.33 | $123,500.00 |
| 045: | CARLYLE, SK | 0.191% | 39 | $63,112.60 | n/a | $92,500.00 |
| 046: | HERBERT, SK | 0.191% | 38 | $30,720.00 | n/a | $58,333.33 |
| 047: | QU'APPELLE, SK | 0.191% | 30 | $42,702.50 | $26,425.00 | $59,000.00 |
| 048: | WALDHEIM, SK | 0.191% | 48 | $43,800.00 | n/a | $83,500.00 |
| 049: | WATROUS, SK | 0.191% | 45 | $38,000.00 | n/a | $96,750.00 |
| 050: | PIERCELAND, SK | 0.191% | 37 | $59,840.00 | n/a | $91,900.00 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 27.9% | |
| First-time Buyer: | 18.9% | |
| No Money Down: | 18.0% | |
| Refinance: | 11.5% | |
| Purchase: | 10.2% | |
| Renewal: | 5.8% | |
| Pre-approval: | 1.7% | |
| Commercial: | 1.3% | |
| Variable Rate: | 1.1% | |
| Other: | 3.4% | |
| Total Application Types Found: 21 | ||
Average age: 35
Oldest age: 90
Youngest age: 19
The amounts shown below represent the average income of applicants living in Saskatchewan who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Saskatchewan: | $51,547.94 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($7,950.53) |
| mortgage co-applicants in Saskatchewan: | $36,912.29 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($5,490.84) |
The table and pie chart below represents the residential status of people living in Saskatchewan who have applied for a home loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 51.7% | |
| Own: | 38.1% | |
| Other: | 3.1% | |
| No Comment: | 2.4% | |
| Live with parents: | 4.6% |
The information below shows the marital status of applicants from Saskatchewan using the mortgage application found on the CanEquity Mortgage web site. In Saskatchewan, over 58% of the mortgage applicants are either married or living common-law, while only 40% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 42.9% | |
| Single: | 32.8% | |
| Common-law: | 15.6% | |
| Separated: | 4.5% | |
| Divorced: | 3.4% | |
| Widowed: | 0.8% |
