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 |
|---|---|---|
| 2012: | * 3.40% | * 0.13% |
| 2011: | 8.32% | 0.33% |
| 2010: | 13.28% | 0.52% |
| 2009: | 17.10% | 0.67% |
| 2008: | 10.75% | 0.42% |
| 2007: | 12.09% | 0.48% |
| 2006: | 9.61% | 0.38% |
| 2005: | 7.81% | 0.31% |
| 2004: | 7.90% | 0.31% |
| 2003: | 5.93% | 0.23% |
| 2002: | 3.81% | 0.15% |
The following displays the individual monthly volume history for Internet mortgage applications submitted from Quebec.
The graph below depicts the volumes of online mortgage 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 33.92% while our slowest is the third quarter (represented by the blue bars) with 19.53%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 12.0% | |
| 2: | January: | 11.4% | |
| 3: | April: | 11.0% | |
| 4: | February: | 10.6% | |
| 5: | May: | 9.0% | |
| 6: | November: | 8.0% | |
| 7: | October: | 7.1% | |
| 8: | June: | 6.8% | |
| 9: | September: | 6.7% | |
| 10: | August: | 6.6% | |
| 11: | July: | 6.3% | |
| 12: | December: | 4.7% |
The bar graph below compares the busy days for Internet mortgage applications that were received by the CanEquity web site. Each day is a representation of the combined 6-year total of all instances of that day. In Quebec the busiest day, with 18.80% of all applications, is Monday. In comparison, Sunday's are the slowest day with only 9.19% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.8% | |
| 2: | Tuesday: | 18.1% | |
| 3: | Wednesday: | 16.1% | |
| 4: | Thursday: | 15.4% | |
| 5: | Friday: | 12.6% | |
| 6: | Saturday: | 9.8% | |
| 7: | Sunday: | 9.2% |
Quebec mortgage applications are received 24 hours a day via the CanEquity web site. The following represents the rush hours over 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: | 1.1% |
| 01:00 to 01:59: | 0.5% |
| 02:00 to 02:59: | 0.2% |
| 03:00 to 03:59: | 0.6% |
| 04:00 to 04:59: | 0.6% |
| 05:00 to 05:59: | 1.3% |
| 06:00 to 06:59: | 3.2% |
| 07:00 to 07:59: | 5.4% |
| 08:00 to 08:59: | 7.1% |
| 09:00 to 09:59: | 6.7% |
| 10:00 to 10:59: | 8.2% |
| 11:00 to 11:59: | 7.2% |
| 12:00 to 12:59: | 7.3% |
| 13:00 to 13:59: | 7.7% |
| 14:00 to 14:59: | 5.4% |
| 15:00 to 15:59: | 5.3% |
| 16:00 to 16:59: | 4.5% |
| 17:00 to 17:59: | 4.5% |
| 18:00 to 18:59: | 6.2% |
| 19:00 to 19:59: | 4.9% |
| 20:00 to 20:59: | 4.8% |
| 21:00 to 21:59: | 3.9% |
| 22:00 to 22:59: | 2.1% |
| 23:00 to 23:59: | 1.4% |
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 530.7% |
| British Columbia: | 267.6% |
| Manitoba: | 52.0% |
| New Brunswick: | 61.9% |
| Newfoundland and Labrador: | 32.3% |
| Nova Scotia: | 83.6% |
| Northwest Territories: | 10.6% |
| Nunavut: | 2.4% |
| Ontario: | 1212.0% |
| Prince Edward Island: | 13.2% |
| Quebec: | 100.0% |
| Saskatchewan: | 124.4% |
| Yukon Territories: | 10.8% |
| City or Town within the province of Quebec | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Loan | |
|---|---|---|---|---|---|---|
| 001: | MONTREAL, QC | 21.048% | 38 | $65,260.12 | $45,475.09 | $224,415.39 |
| 002: | GATINEAU, QC | 10.892% | 38 | $60,091.69 | $43,456.38 | $169,141.29 |
| 003: | LAVAL, QC | 5.101% | 40 | $61,180.89 | $43,297.79 | $167,915.21 |
| 004: | DOLLARD-DES-ORMEAUX, QC | 2.987% | 39 | $59,217.33 | $39,724.65 | $182,404.96 |
| 005: | PIERREFONDS, QC | 2.619% | 40 | $55,298.20 | $43,212.31 | $159,598.18 |
| 006: | BROSSARD, QC | 2.482% | 41 | $57,040.06 | $41,138.54 | $169,850.63 |
| 007: | LASALLE, QC | 2.482% | 37 | $58,157.42 | $36,126.32 | $190,201.02 |
| 008: | SAINT-LAURENT, QC | 1.792% | 43 | $61,850.39 | $47,981.71 | $203,579.81 |
| 009: | QUEBEC CITY, QC | 1.792% | 39 | $65,720.43 | $66,656.93 | $187,271.45 |
| 010: | LONGUEUIL, QC | 1.517% | 42 | $65,307.73 | $35,961.18 | $232,240.91 |
| 011: | POINTE-CLAIRE, QC | 1.425% | 44 | $75,076.90 | $40,928.57 | $179,831.75 |
| 012: | VERDUN, QC | 1.333% | 33 | $48,469.75 | $33,500.00 | $190,736.00 |
| 013: | CHATEAUGUAY, QC | 1.241% | 39 | $52,612.62 | $41,409.11 | $158,650.55 |
| 014: | SHERBROOKE, QC | 1.195% | 37 | $54,323.48 | $27,601.00 | $178,324.00 |
| 015: | SAINT-LEONARD, QC | 1.103% | 42 | $53,484.04 | $70,089.33 | $258,725.00 |
| 016: | LACHINE, QC | 0.919% | 35 | $49,072.70 | $40,928.57 | $148,111.11 |
| 017: | KIRKLAND, QC | 0.873% | 40 | $72,738.89 | $49,111.11 | $194,647.06 |
| 018: | AYLMER, QC | 0.827% | 38 | $58,805.56 | $39,418.18 | $128,229.41 |
| 019: | SAINT-LAZARE, QC | 0.827% | 43 | $78,555.56 | $53,800.00 | $165,672.44 |
| 020: | COTE SAINT-LUC, QC | 0.735% | 38 | $62,344.69 | $34,058.38 | $255,018.29 |
| 021: | SAINT-HUBERT, QC | 0.735% | 42 | $71,804.06 | $44,160.00 | $145,223.42 |
| 022: | HULL, QC | 0.643% | 37 | $58,750.21 | $29,668.33 | $132,725.91 |
| 023: | DORVAL, QC | 0.643% | 44 | $68,832.14 | $34,771.43 | $181,235.71 |
| 024: | GREENFIELD PARK, QC | 0.643% | 37 | $49,350.00 | $22,625.00 | $144,450.00 |
| 025: | BLAINVILLE, QC | 0.597% | 38 | $73,723.08 | $31,983.00 | $184,636.36 |
| 026: | BEACONSFIELD, QC | 0.597% | 44 | $106,046.15 | n/a | $244,769.23 |
| 027: | VAUDREUIL-DORION, QC | 0.551% | 41 | $60,091.33 | $75,642.86 | $218,931.42 |
| 028: | CHELSEA, QC | 0.551% | 46 | $75,083.33 | $73,750.00 | $201,575.67 |
| 029: | SAINT-JEAN-SUR-RICHELIEU, QC | 0.551% | 38 | $83,337.64 | $59,600.00 | $190,900.00 |
| 030: | PINCOURT, QC | 0.506% | 39 | $52,924.73 | $33,000.00 | $105,909.09 |
| 031: | OUTREMONT, QC | 0.506% | 39 | $76,651.60 | $55,750.00 | $213,463.64 |
| 032: | L'ILE-BIZARD, QC | 0.506% | 44 | $59,577.00 | $49,000.00 | $226,972.73 |
| 033: | CHAMBLY, QC | 0.460% | 33 | $69,541.44 | $24,750.00 | $178,812.50 |
| 034: | DEUX-MONTAGNES, QC | 0.460% | 34 | $48,400.00 | $39,346.25 | $171,375.00 |
| 035: | SAINT-NICOLAS, QC | 0.414% | 38 | $81,000.00 | $32,833.33 | $107,142.86 |
| 036: | MIRABEL, QC | 0.414% | 43 | $49,773.33 | $38,397.14 | $147,062.50 |
| 037: | SAINT-JEROME, QC | 0.414% | 48 | $59,191.11 | n/a | $111,184.00 |
| 038: | WESTMOUNT, QC | 0.368% | 40 | $70,343.75 | $55,000.00 | $357,875.00 |
| 039: | SAINT-SAUVEUR, QC | 0.368% | 39 | $79,375.00 | $64,833.33 | $149,717.57 |
| 040: | SAINT-EUSTACHE, QC | 0.368% | 41 | $60,228.57 | $37,300.00 | $140,774.29 |
| 041: | L'ILE-PERROT, QC | 0.368% | 42 | $70,183.88 | $34,487.25 | $125,000.00 |
| 042: | SAINT-LAMBERT, QC | 0.322% | 39 | $89,083.33 | n/a | $403,750.00 |
| 043: | VAUDREUIL, QC | 0.322% | 41 | $57,331.14 | n/a | $167,142.86 |
| 044: | MONT-ROYAL, QC | 0.322% | 46 | $94,000.00 | $53,333.33 | $316,500.00 |
| 045: | HUDSON, QC | 0.322% | 43 | $67,733.33 | $131,100.00 | $143,800.00 |
| 046: | REPENTIGNY, QC | 0.322% | 37 | $62,571.43 | n/a | $206,000.00 |
| 047: | TROIS-RIVIERES, QC | 0.322% | 34 | $64,237.00 | $50,542.00 | $103,214.29 |
| 048: | WAKEFIELD, QC | 0.322% | 39 | $75,000.00 | $60,939.67 | $197,285.71 |
| 049: | SHAWVILLE, QC | 0.322% | 42 | $48,412.29 | $59,500.00 | $117,316.67 |
| 050: | HAMPSTEAD, QC | 0.322% | 39 | $73,128.57 | $83,830.00 | $276,833.33 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 17.5% | |
| Refinance: | 16.0% | |
| First-time Buyer: | 15.4% | |
| Renewal: | 13.9% | |
| No Money Down: | 10.7% | |
| Purchase: | 9.4% | |
| Pre-approval: | 8.8% | |
| Commercial: | 2.4% | |
| Variable Rate: | 1.8% | |
| Other: | 3.9% | |
| Total Application Types Found: 23 | ||
Average age: 40
Oldest age: 83
Youngest age: 19
The numbers below represent the average income of Canadians living in Quebec who have applied for a loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Quebec: | $61,034.82 |
| applicants within all of Canada: | $59,709.04 |
| Difference: | $1,325.78 |
| mortgage co-applicants in Quebec: | $44,698.61 |
| co-applicants within all of Canada: | $42,699.57 |
| Difference: | $1,999.03 |
The table and pie chart below represents the residential status of people living in Quebec who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 40.7% | |
| Own: | 50.7% | |
| Other: | 1.6% | |
| No Comment: | 3.1% | |
| Live with parents: | 3.9% |
The pie chart below represents the marital status of applicants from Quebec using the mortgage preapproval application found at canequity.com. Approximately 62% of the mortgage applicants are living with someone, while only 36% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 49.0% | |
| Single: | 28.7% | |
| Common-law: | 13.5% | |
| Divorced: | 5.5% | |
| Separated: | 2.8% | |
| Widowed: | 0.6% |
