Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 7.27% | * 0.01% |
| 2009: | 18.18% | 0.02% |
| 2008: | 5.46% | 0.01% |
| 2007: | 9.09% | 0.01% |
| 2006: | 18.18% | 0.02% |
| 2005: | 12.73% | 0.02% |
| 2004: | 16.36% | 0.02% |
| 2003: | 7.27% | 0.01% |
| 2002: | 5.46% | 0.01% |
The bar graph below displays the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Cobourg happen to occur during our first quarter (represented by the brown bars) with 29.09% while our slowest is the third quarter (represented by the blue bars) with 21.82%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 12.7% | |
| 2: | July: | 12.7% | |
| 3: | October: | 12.7% | |
| 4: | January: | 10.9% | |
| 5: | June: | 10.9% | |
| 6: | February: | 9.1% | |
| 7: | March: | 9.1% | |
| 8: | December: | 7.3% | |
| 9: | September: | 7.3% | |
| 10: | November: | 3.6% | |
| 11: | April: | 1.8% | |
| 12: | August: | 1.8% |
The information listed below compares the busy days for online mortgage applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Cobourg the busiest day of the week, with 18.18% of all applications, is Wednesday. In comparison, Saturday's are the slowest day with only 7.27% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 18.2% | |
| 2: | Monday: | 16.4% | |
| 3: | Tuesday: | 14.6% | |
| 4: | Friday: | 14.6% | |
| 5: | Sunday: | 14.6% | |
| 6: | Thursday: | 14.6% | |
| 7: | Saturday: | 7.3% |
Inquiries are received 24 hours a day via the CanEquity web site. The report shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years. Only 30.9% of all mortgages are received before noon, while 67.3% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 1.8% |
| 06:00 to 06:59: | 1.8% |
| 07:00 to 07:59: | 3.6% |
| 08:00 to 08:59: | 1.8% |
| 09:00 to 09:59: | 7.3% |
| 10:00 to 10:59: | 10.9% |
| 11:00 to 11:59: | 5.5% |
| 12:00 to 12:59: | 3.6% |
| 13:00 to 13:59: | 10.9% |
| 14:00 to 14:59: | 5.5% |
| 15:00 to 15:59: | 9.1% |
| 16:00 to 16:59: | 9.1% |
| 17:00 to 17:59: | 5.5% |
| 18:00 to 18:59: | 3.6% |
| 19:00 to 19:59: | 1.8% |
| 20:00 to 20:59: | 9.1% |
| 21:00 to 21:59: | 3.6% |
| 22:00 to 22:59: | 3.6% |
| 23:00 to 23:59: | 1.8% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.19% |
| British Columbia: | 10.81% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.16% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.98% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.66% |
| Prince Edward Island: | 0.46% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.04% |
| Yukon Territories: | 0.28% |
| Location | Contribution | |
|---|---|---|
| 058: | TRENTON, ON | 0.143% |
| 059: | MAPLE, ON | 0.138% |
| 060: | BRADFORD, ON | 0.129% |
| 061: | LINDSAY, ON | 0.127% |
| 062: | OWEN SOUND, ON | 0.127% |
| 063: | COBOURG, ON | 0.122% |
| 064: | STRATHROY, ON | 0.122% |
| 065: | FORT ERIE, ON | 0.116% |
| 066: | COLLINGWOOD, ON | 0.114% |
| 067: | BOLTON, ON | 0.114% |
| 068: | PETAWAWA, ON | 0.114% |
| 1 | Perth Road, Ontario |
| 2 | Baltimore, Ontario |
| 3 | Castleton, Ontario |
| 4 | Roseneath, Ontario |
| 5 | Gores Landing, Ontario |
| 6 | Grafton, Ontario |
| 7 | Keene, Ontario |
| 8 | Warkworth, Ontario |
| 9 | Millbrook, Ontario |
| 10 | Colborne, Ontario |
| 11 | Port Hope, Ontario |
| 12 | Peterborough, Ontario |
| 13 | Cavan, Ontario |
| 14 | Caesarea, Ontario |
| 15 | Norwood, Ontario |
| 16 | Bewdley, Ontario |
| 17 | Campbellford, Ontario |
| 18 | Hastings, Ontario |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 23.6% | |
| Qualification: | 21.8% | |
| First-time Buyer: | 21.8% | |
| No Money Down: | 16.4% | |
| Renewal: | 5.5% | |
| Equity Mortgage: | 3.6% | |
| Fixed Rate: | 1.8% | |
| Commercial: | 1.8% | |
| Purchase: | 1.8% | |
| Variable Rate: | 1.8% | |
| Total Application Types Found: 10 | ||
Average age: 36
Oldest age: 74
Youngest age: 23
The amounts below are the average income of people living in Cobourg who have submitted a mortgage inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cobourg: | $52,920.42 |
| applicants within all of Canada: | $58,901.05 |
| Difference: | ($5,980.63) |
| mortgage co-applicants in Cobourg: | $33,346.72 |
| co-applicants within all of Canada: | $41,545.22 |
| Difference: | ($8,198.50) |
The information below represents the residential status of people living in Cobourg who have applied for a loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 54.5% | |
| Own: | 36.4% | |
| No Comment: | 3.6% | |
| Live with parents: | 5.5% |
The following table and pie chart represents the marital status of applicants from Cobourg, Ontario using the online mortgage application located at canequity.com. 70% of the mortgage applicants are living together with someone, while only 29% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 47.3% | |
| Single: | 25.5% | |
| Common-law: | 23.6% | |
| Divorced: | 1.8% | |
| Separated: | 1.8% |
