Nova Scotia Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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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 30,000 to 60,000 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 © 2001-2008 CEG Research, The Canadian Equity Group Inc.
| Year | Volume Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 16.27% | * 0.46% |
| 2007: | 15.94% | 0.45% |
| 2006: | 16.38% | 0.46% |
| 2005: | 14.64% | 0.41% |
| 2004: | 12.69% | 0.35% |
| 2003: | 13.34% | 0.37% |
| 2002: | 10.74% | 0.30% |
This graph displays the individual monthly volume history for Internet mortgage applications submitted from Nova Scotia.
The 6-year bar graph below displays the volumes of Web 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 29.93% while our slowest is the fourth quarter (represented by the red bars) with 16.70%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 10.5% | |
| 2: | March: | 10.4% | |
| 3: | February: | 9.9% | |
| 4: | January: | 9.7% | |
| 5: | July: | 9.3% | |
| 6: | April: | 8.7% | |
| 7: | September: | 8.7% | |
| 8: | August: | 8.5% | |
| 9: | June: | 7.7% | |
| 10: | October: | 6.3% | |
| 11: | November: | 5.5% | |
| 12: | December: | 4.9% |
The graph listed below illustrates the busy days for online applications that were received by CanEquity's web site. Each day is a representation of the combined 6-year total of all instances of that day. In Nova Scotia the busiest day, with 19.31% of all submissions, is Wednesday. In comparison, Saturday's are the slowest day with only 9.11% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 19.3% | |
| 2: | Tuesday: | 16.8% | |
| 3: | Monday: | 16.7% | |
| 4: | Thursday: | 15.9% | |
| 5: | Sunday: | 11.5% | |
| 6: | Friday: | 10.6% | |
| 7: | Saturday: | 9.1% |
Mortgage applications are received 24 hours a day from our web site. The report shown below indicates the rush hours within 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: | 0.1% |
| 01:00 to 01:59: | 0.3% |
| 02:00 to 02:59: | 0.4% |
| 03:00 to 03:59: | 0.8% |
| 04:00 to 04:59: | 1.3% |
| 05:00 to 05:59: | 2.7% |
| 06:00 to 06:59: | 3.9% |
| 07:00 to 07:59: | 6.0% |
| 08:00 to 08:59: | 7.4% |
| 09:00 to 09:59: | 6.9% |
| 10:00 to 10:59: | 6.8% |
| 11:00 to 11:59: | 7.5% |
| 12:00 to 12:59: | 6.6% |
| 13:00 to 13:59: | 7.0% |
| 14:00 to 14:59: | 4.0% |
| 15:00 to 15:59: | 4.2% |
| 16:00 to 16:59: | 6.3% |
| 17:00 to 17:59: | 9.4% |
| 18:00 to 18:59: | 7.5% |
| 19:00 to 19:59: | 4.2% |
| 20:00 to 20:59: | 2.7% |
| 21:00 to 21:59: | 2.0% |
| 22:00 to 22:59: | 0.8% |
| 23:00 to 23:59: | 1.1% |
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 753.8% |
| British Columbia: | 401.5% |
| Manitoba: | 74.8% |
| New Brunswick: | 73.0% |
| Newfoundland and Labrador: | 41.8% |
| Nova Scotia: | 100.0% |
| Northwest Territories: | 11.1% |
| Nunavut: | 3.1% |
| Ontario: | 1745.3% |
| Prince Edward Island: | 13.2% |
| Quebec: | 135.5% |
| Saskatchewan: | 194.8% |
| Yukon Territories: | 7.6% |
| City or Town within the province of Nova Scotia | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Home Loan | |
|---|---|---|---|---|---|---|
| 001: | HALIFAX, NS | 14.534% | 36 | $49,564.67 | $38,943.23 | $138,004.50 |
| 002: | DARTMOUTH, NS | 10.954% | 38 | $52,476.43 | $37,012.00 | $113,353.96 |
| 003: | SYDNEY, NS | 4.989% | 42 | $41,812.93 | $23,891.10 | $76,060.85 |
| 004: | LOWER SACKVILLE, NS | 4.013% | 37 | $42,185.67 | $26,784.93 | $106,013.33 |
| 005: | TRURO, NS | 3.254% | 36 | $36,003.43 | $23,137.78 | $95,815.29 |
| 006: | YARMOUTH, NS | 3.037% | 36 | $52,147.48 | $28,862.64 | $89,247.83 |
| 007: | GLACE BAY, NS | 2.169% | 37 | $42,220.55 | $31,600.00 | $64,558.82 |
| 008: | BEDFORD, NS | 1.844% | 38 | $71,989.07 | $39,281.44 | $160,675.93 |
| 009: | PICTOU, NS | 1.735% | 36 | $34,329.29 | $25,818.80 | $69,354.55 |
| 010: | EASTERN PASSAGE, NS | 1.735% | 31 | $41,075.00 | $36,658.33 | $107,466.53 |
| 011: | LIVERPOOL, NS | 1.518% | 38 | $32,333.55 | $26,550.00 | $100,370.00 |
| 012: | NEW GLASGOW, NS | 1.410% | 35 | $44,284.62 | $27,705.80 | $75,900.00 |
| 013: | NEW WATERFORD, NS | 1.410% | 34 | $30,857.08 | $20,220.00 | $56,055.56 |
| 014: | AMHERST, NS | 1.302% | 41 | $43,691.09 | $32,046.67 | $90,318.18 |
| 015: | NEW MINAS, NS | 1.193% | 37 | $41,018.18 | $20,580.00 | $99,875.00 |
| 016: | ANTIGONISH, NS | 1.085% | 37 | $42,588.89 | $20,166.67 | $60,722.22 |
| 017: | BRIDGEWATER, NS | 1.085% | 37 | $39,950.00 | n/a | $115,125.00 |
| 018: | GREENWOOD, NS | 0.976% | 37 | $50,220.56 | $16,650.00 | $92,725.00 |
| 019: | MIDDLETON, NS | 0.976% | 39 | $36,746.67 | $28,120.00 | $80,471.43 |
| 020: | KENTVILLE, NS | 0.976% | 34 | $31,277.78 | $21,673.33 | $90,681.43 |
| 021: | HAMMONDS PLAINS, NS | 0.868% | 37 | $65,142.86 | $51,200.00 | $197,402.80 |
| 022: | SHELBURNE, NS | 0.868% | 29 | $49,285.71 | n/a | $111,285.71 |
| 023: | CENTREVILLE, NS | 0.759% | 39 | $41,992.14 | $20,929.00 | $79,833.33 |
| 024: | STELLARTON, NS | 0.759% | 42 | $43,250.00 | $22,333.33 | $76,714.29 |
| 025: | WOLFVILLE, NS | 0.759% | 41 | $108,634.86 | n/a | $246,666.67 |
| 026: | WINDSOR, NS | 0.759% | 34 | $22,996.29 | $20,525.00 | $113,811.86 |
| 027: | TIMBERLEA, NS | 0.759% | 39 | $42,392.14 | $33,425.00 | $159,750.00 |
| 028: | HUBBARDS, NS | 0.651% | 35 | $51,200.00 | n/a | $130,000.00 |
| 029: | WEYMOUTH, NS | 0.651% | 31 | $30,854.83 | n/a | $81,750.00 |
| 030: | WESTVILLE, NS | 0.651% | 40 | $52,833.33 | n/a | $72,500.00 |
| 031: | ELMSDALE, NS | 0.542% | 40 | $37,368.00 | n/a | $69,500.00 |
| 032: | SYDNEY MINES, NS | 0.542% | 38 | $119,600.00 | $20,500.00 | $144,800.00 |
| 033: | MAHONE BAY, NS | 0.542% | 38 | $47,304.00 | $35,000.00 | $80,250.00 |
| 034: | DIGBY, NS | 0.542% | 35 | $35,232.20 | $21,473.33 | $96,500.00 |
| 035: | LAWRENCETOWN, NS | 0.542% | 29 | $56,140.00 | $55,000.00 | $168,500.00 |
| 036: | CANNING, NS | 0.542% | 36 | $29,031.20 | $25,750.00 | $102,400.00 |
| 037: | DEBERT, NS | 0.542% | 36 | $24,246.00 | $30,500.00 | $74,580.00 |
| 038: | LANTZ, NS | 0.542% | 37 | $60,280.00 | $72,500.00 | $141,800.00 |
| 039: | SHEARWATER, NS | 0.542% | 35 | $51,200.00 | n/a | $141,500.00 |
| 040: | LAKE ECHO, NS | 0.542% | 36 | $39,000.00 | n/a | $78,279.40 |
| 041: | NORTH SYDNEY, NS | 0.542% | 35 | $33,800.00 | $27,967.50 | $76,200.00 |
| 042: | STEWIACKE, NS | 0.542% | 35 | $36,450.00 | n/a | $93,412.50 |
| 043: | KINGSTON, NS | 0.434% | 43 | $51,141.25 | n/a | $94,635.25 |
| 044: | PORT HAWKESBURY, NS | 0.434% | 47 | $34,511.00 | $30,983.33 | $65,769.00 |
| 045: | BARRINGTON, NS | 0.434% | 30 | $24,200.00 | n/a | $304,333.33 |
| 046: | MOUNT UNIACKE, NS | 0.434% | 32 | $39,750.00 | n/a | $155,833.33 |
| 047: | FALL RIVER, NS | 0.434% | 37 | $67,500.00 | $130,750.00 | $121,666.67 |
| 048: | TRENTON, NS | 0.434% | 43 | $31,959.00 | $24,696.00 | $254,250.00 |
| 049: | FALMOUTH, NS | 0.325% | 35 | $34,253.33 | n/a | $175,000.00 |
| 050: | STILLWATER LAKE, NS | 0.325% | 42 | $140,000.00 | $47,500.00 | $108,583.33 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 23.5% | |
| Refinance: | 22.8% | |
| First-time Buyer: | 18.3% | |
| No Money Down: | 14.8% | |
| Renewal: | 9.9% | |
| Purchase: | 3.5% | |
| Variable Rate: | 1.8% | |
| Investment: | 1.2% | |
| Commercial: | 0.9% | |
| Other: | 3.3% | |
| Total Application Types Found: 17 | ||
Average age: 37
Oldest age: 85
Youngest age: 19
The following depicts the average income of applicants living in Nova Scotia who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Nova Scotia: | $46,276.61 |
| applicants within all of Canada: | $56,901.12 |
| Difference: | ($10,624.51) |
| mortgage co-applicants in Nova Scotia: | $32,642.64 |
| co-applicants within all of Canada: | $39,780.25 |
| Difference: | ($7,137.61) |
The following table represents the residential status of people living in Nova Scotia who have submitted a mortgage inquiry using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 39.5% | |
| Own: | 46.3% | |
| Other: | 2.4% | |
| No Comment: | 7.5% | |
| Live with parents: | 4.3% |
The following pie chart represents the marital status of applicants from Nova Scotia using the online mortgage application found on the CanEquity Mortgage web site. Over 66% of the mortgage applicants are either married or living common-law, while only 31% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.1% | |
| Single: | 23.6% | |
| Common-law: | 16.6% | |
| Separated: | 4.2% | |
| Divorced: | 3.9% | |
| Widowed: | 1.5% |
