Prince Edward Island Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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 © 2001-2009 CEG Research, The Canadian Equity Group Inc.
| Year | Volume Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 5.91% | * 0.03% |
| 2009: | 27.42% | 0.12% |
| 2008: | 12.90% | 0.06% |
| 2007: | 10.75% | 0.05% |
| 2006: | 8.60% | 0.04% |
| 2005: | 8.06% | 0.04% |
| 2004: | 9.14% | 0.04% |
| 2003: | 8.60% | 0.04% |
| 2002: | 8.60% | 0.04% |
The 6-year bar graph below represents the individual monthly volume history for Internet mortgage pre-approval applications submitted from Prince Edward Island.
The following bar graph 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 31.72% while our slowest is the fourth quarter (represented by the red bars) with 17.74%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 14.5% | |
| 2: | February: | 9.7% | |
| 3: | September: | 9.1% | |
| 4: | May: | 8.6% | |
| 5: | April: | 8.6% | |
| 6: | July: | 8.1% | |
| 7: | August: | 8.1% | |
| 8: | June: | 8.1% | |
| 9: | March: | 7.5% | |
| 10: | October: | 7.0% | |
| 11: | November: | 5.4% | |
| 12: | December: | 5.4% |
The data below illustrates the busy days for online applications that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Prince Edward Island the busiest day, with 19.89% of all applications, is Thursday. In comparison, Sunday's are the slowest day with only 7.53% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 19.9% | |
| 2: | Monday: | 18.3% | |
| 3: | Tuesday: | 16.1% | |
| 4: | Wednesday: | 13.4% | |
| 5: | Friday: | 12.9% | |
| 6: | Saturday: | 11.8% | |
| 7: | Sunday: | 7.5% |
In Prince Edward Island, inquiries are received 24 hours a day from the CanEquity web site. The statistics 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: | 0.5% |
| 03:00 to 03:59: | 1.1% |
| 04:00 to 04:59: | 1.6% |
| 05:00 to 05:59: | 2.2% |
| 06:00 to 06:59: | 4.8% |
| 07:00 to 07:59: | 3.2% |
| 08:00 to 08:59: | 5.4% |
| 09:00 to 09:59: | 5.4% |
| 10:00 to 10:59: | 6.5% |
| 11:00 to 11:59: | 7.0% |
| 12:00 to 12:59: | 6.5% |
| 13:00 to 13:59: | 6.5% |
| 14:00 to 14:59: | 5.4% |
| 15:00 to 15:59: | 5.4% |
| 16:00 to 16:59: | 9.1% |
| 17:00 to 17:59: | 7.5% |
| 18:00 to 18:59: | 10.8% |
| 19:00 to 19:59: | 4.8% |
| 20:00 to 20:59: | 3.8% |
| 21:00 to 21:59: | 2.2% |
| 22:00 to 22:59: | 0.5% |
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 4825.3% |
| British Columbia: | 2487.6% |
| Manitoba: | 479.0% |
| New Brunswick: | 480.6% |
| Newfoundland and Labrador: | 261.3% |
| Nova Scotia: | 662.4% |
| Northwest Territories: | 72.0% |
| Nunavut: | 19.4% |
| Ontario: | 11162.4% |
| Prince Edward Island: | 100.0% |
| Quebec: | 945.7% |
| Saskatchewan: | 1158.1% |
| Yukon Territories: | 58.6% |
| 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 | 34.946% | 36 | $42,916.22 | $29,106.67 | $114,841.00 |
| 002: | SUMMERSIDE, PE | 9.140% | 38 | $36,800.00 | $24,833.33 | $72,526.67 |
| 003: | STRATFORD, PE | 6.452% | 36 | $44,318.18 | $38,166.67 | $95,636.36 |
| 004: | CORNWALL, PE | 5.914% | 40 | $47,272.73 | $25,750.00 | $89,678.67 |
| 005: | O'LEARY, PE | 4.301% | 45 | $38,250.00 | $15,000.00 | $77,166.67 |
| 006: | MONTAGUE, PE | 3.763% | 43 | $40,642.86 | $27,500.00 | $104,000.00 |
| 007: | SOURIS, PE | 3.226% | 37 | $17,158.60 | $26,912.00 | $84,000.00 |
| 008: | GEORGETOWN, PE | 2.688% | 34 | $28,000.00 | n/a | $54,750.00 |
| 009: | KENSINGTON, PE | 2.688% | 35 | $43,695.40 | n/a | $121,440.00 |
| 010: | KINKORA, PE | 2.688% | 27 | $32,440.00 | $22,500.00 | $103,380.00 |
| 011: | TIGNISH, PE | 1.613% | 30 | $36,666.67 | n/a | $67,333.33 |
| 012: | CARDIGAN, PE | 1.613% | 37 | $30,166.67 | n/a | $92,000.00 |
| 013: | MISCOUCHE, PE | 1.613% | 29 | $21,466.67 | n/a | $78,966.67 |
| 014: | ELLERSLIE, PE | 1.075% | 27 | $31,500.00 | $38,200.00 | $83,600.00 |
| 015: | MURRAY HARBOUR, PE | 1.075% | 45 | $50,119.50 | $47,500.00 | $59,900.00 |
| 016: | YORK, PE | 1.075% | 40 | $35,250.00 | n/a | $102,500.00 |
| 017: | NORTH WILTSHIRE, PE | 1.075% | 34 | $34,500.00 | $29,500.00 | $43,000.00 |
| 018: | MOUNT STEWART, PE | 1.075% | 31 | $36,520.50 | $41,000.00 | $90,000.00 |
| 019: | WELLINGTON STATION, PE | 1.075% | 38 | $40,000.00 | n/a | $93,250.00 |
| 020: | NEW LONDON, PE | 1.075% | 35 | $28,000.00 | n/a | $50,000.00 |
| 021: | SLEMON PARK, PE | 1.075% | 49 | $55,640.00 | n/a | $89,900.00 |
| 022: | VERNON BRIDGE, PE | 1.075% | 38 | $20,500.00 | n/a | $76,500.00 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 25.3% | |
| Refinance: | 22.0% | |
| Qualification: | 19.9% | |
| No Money Down: | 16.1% | |
| Renewal: | 7.5% | |
| Purchase: | 4.3% | |
| Pre-approval: | 1.6% | |
| Equity Mortgage: | 1.6% | |
| Other: | 1.5% | |
| Total Application Types Found: 11 | ||
Average age: 37
Oldest age: 67
Youngest age: 20
The information below represents the average income of Canadians living in Prince Edward Island who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Prince Edward Island: | $38,877.89 |
| applicants within all of Canada: | $58,581.24 |
| Difference: | ($19,703.35) |
| mortgage co-applicants in Prince Edward Island: | $29,612.93 |
| co-applicants within all of Canada: | $41,209.57 |
| Difference: | ($11,596.64) |
The chart and pie-graph below depicts the residential status of people living in Prince Edward Island who have submitted an inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 48.9% | |
| Own: | 36.6% | |
| Other: | 4.3% | |
| No Comment: | 6.5% | |
| Live with parents: | 3.8% |
The following information represents the marital status of applicants from Prince Edward Island using the mortgage preapproval application found on canequity.com. In Prince Edward Island, 73% of the mortgage applicants are living together with someone, while only 24% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 52.7% | |
| Common-law: | 21.0% | |
| Single: | 16.1% | |
| Separated: | 5.4% | |
| Divorced: | 3.2% | |
| Widowed: | 1.6% |
