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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: | * 18.03% | * 0.07% |
| 2007: | 16.39% | 0.06% |
| 2006: | 13.12% | 0.05% |
| 2005: | 12.30% | 0.05% |
| 2004: | 13.93% | 0.05% |
| 2003: | 13.12% | 0.05% |
| 2002: | 13.12% | 0.05% |
The 6-year bar graph below shows the volumes of Web 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 29.51% while our slowest is the fourth quarter (represented by the red bars) with 15.57%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 12.3% | |
| 2: | May: | 10.7% | |
| 3: | September: | 10.7% | |
| 4: | July: | 9.8% | |
| 5: | June: | 9.8% | |
| 6: | April: | 9.0% | |
| 7: | March: | 8.2% | |
| 8: | February: | 7.4% | |
| 9: | August: | 6.6% | |
| 10: | December: | 5.7% | |
| 11: | October: | 5.7% | |
| 12: | November: | 4.1% |

The bar graph below displays the busy days for online applications that were received by CanEquity. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Prince Edward Island the busiest day, with approximately 20.49% of all inquiries, is Monday. In comparison, Sunday's are the slowest day with only 6.56% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 20.5% | |
| 2: | Thursday: | 18.0% | |
| 3: | Tuesday: | 16.4% | |
| 4: | Friday: | 13.9% | |
| 5: | Wednesday: | 12.3% | |
| 6: | Saturday: | 12.3% | |
| 7: | Sunday: | 6.6% |

In Prince Edward Island, applications are received 24 hours a day from our web site. The report shown below indicates the rush 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: | 0.8% |
| 03:00 to 03:59: | 0.8% |
| 04:00 to 04:59: | 2.5% |
| 05:00 to 05:59: | 3.3% |
| 06:00 to 06:59: | 5.7% |
| 07:00 to 07:59: | 4.1% |
| 08:00 to 08:59: | 4.9% |
| 09:00 to 09:59: | 4.1% |
| 10:00 to 10:59: | 5.7% |
| 11:00 to 11:59: | 5.7% |
| 12:00 to 12:59: | 4.1% |
| 13:00 to 13:59: | 5.7% |
| 14:00 to 14:59: | 6.6% |
| 15:00 to 15:59: | 3.3% |
| 16:00 to 16:59: | 11.5% |
| 17:00 to 17:59: | 8.2% |
| 18:00 to 18:59: | 12.3% |
| 19:00 to 19:59: | 4.9% |
| 20:00 to 20:59: | 3.3% |
| 21:00 to 21:59: | 2.5% |

| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 5696.7% |
| British Columbia: | 3034.4% |
| Manitoba: | 565.6% |
| New Brunswick: | 551.6% |
| Newfoundland and Labrador: | 315.6% |
| Nova Scotia: | 755.7% |
| Northwest Territories: | 83.6% |
| Nunavut: | 23.8% |
| Ontario: | 13190.2% |
| Prince Edward Island: | 100.0% |
| Quebec: | 1023.8% |
| Saskatchewan: | 1472.1% |
| Yukon Territories: | 57.4% |

| City or Town within the province of Prince Edward Island | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Loan | |
|---|---|---|---|---|---|---|
| 001: | CHARLOTTETOWN, PE | 28.689% | 35 | $35,496.19 | $25,657.14 | $94,224.14 |
| 002: | SUMMERSIDE, PE | 9.836% | 36 | $33,858.33 | $24,833.33 | $77,081.82 |
| 003: | CORNWALL, PE | 9.016% | 40 | $47,272.73 | $25,750.00 | $89,678.67 |
| 004: | STRATFORD, PE | 6.557% | 39 | $41,928.57 | $33,000.00 | $106,000.00 |
| 005: | O'LEARY, PE | 4.918% | 37 | $32,333.33 | $15,000.00 | $55,750.00 |
| 006: | MONTAGUE, PE | 4.918% | 44 | $40,583.33 | $27,500.00 | $100,000.00 |
| 007: | SOURIS, PE | 3.279% | 38 | $18,582.33 | $31,333.33 | $83,500.00 |
| 008: | KINKORA, PE | 3.279% | 27 | $35,550.00 | n/a | $110,500.00 |
| 009: | CARDIGAN, PE | 2.459% | 37 | $30,166.67 | n/a | $92,000.00 |
| 010: | GEORGETOWN, PE | 2.459% | 37 | $28,000.00 | n/a | $60,000.00 |
| 011: | TIGNISH, PE | 2.459% | 30 | $36,666.67 | n/a | $67,333.33 |
| 012: | MISCOUCHE, PE | 2.459% | 29 | $21,466.67 | n/a | $78,966.67 |
| 013: | ELLERSLIE, PE | 1.639% | 27 | $31,500.00 | $38,200.00 | $83,600.00 |
| 014: | KENSINGTON, PE | 1.639% | 35 | $37,500.00 | n/a | $98,000.00 |
| 015: | MURRAY HARBOUR, PE | 1.639% | 45 | $50,119.50 | $47,500.00 | $59,900.00 |
| 016: | YORK, PE | 1.639% | 40 | $35,250.00 | n/a | $102,500.00 |
| 017: | NEW LONDON, PE | 1.639% | 35 | $28,000.00 | n/a | $50,000.00 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 25.4% | |
| Refinance: | 25.4% | |
| Qualification: | 21.3% | |
| No Money Down: | 15.6% | |
| Renewal: | 8.2% | |
| Purchase: | 1.6% | |
| Other: | 2.4% | |
| Total Application Types Found: 9 | ||

Average age: 36
Oldest age: 64
Youngest age: 21
The information below represents the average income of applicants living in Prince Edward Island who have applied for a loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Prince Edward Island: | $35,574.33 |
| applicants within all of Canada: | $56,901.12 |
| Difference: | ($21,326.79) |
| mortgage co-applicants in Prince Edward Island: | $27,700.00 |
| co-applicants within all of Canada: | $39,780.25 |
| Difference: | ($12,080.25) |
The table and pie chart below represents the residential status of people living in Prince Edward Island who have applied for a mortgage using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 46.7% | |
| Own: | 34.4% | |
| Other: | 4.1% | |
| No Comment: | 9.8% | |
| Live with parents: | 4.9% |

The following pie chart represents the marital status of applicants from Prince Edward Island using the online mortgage application located at canequity.com. 77% of the mortgage applicants are either married or living common-law, while only 22% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 54.9% | |
| Common-law: | 22.1% | |
| Single: | 13.9% | |
| Separated: | 4.9% | |
| Divorced: | 3.3% | |
| Widowed: | 0.8% |
