Last report update for Abbotsford: Tuesday, May 13, 2008
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Agassiz
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Abbotsford Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Applications from Abbotsford

Year Year to Year
Comparison
** National
Contribution
2008: * 6.48% * 0.02%
2007: 23.15% 0.08%
2006: 21.30% 0.08%
2005: 12.04% 0.04%
2004: 12.96% 0.05%
2003: 13.89% 0.05%
2002: 10.19% 0.04%

Note: * These values are the percentages up to Tuesday, May 13, 2008. Estimated volume targets for the entire 2008 year are 15.74% and 0.06% respectively. ** Total national contribution of Abbotsford mortgages in the past is currently 0.36% with a projected target of 0.39%.

Busy Months for Mortgages within Abbotsford

This graph represents the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Abbotsford seem to occur during our first quarter (represented by the brown bars) with 30.56% while our slowest is the fourth quarter (represented by the red bars) with 20.37%.

RankMonth Percentage
of Inquiries
1: January: 13.0%
2: September: 12.0%
3: February: 11.1%
4: August: 10.2%
5: June: 9.3%
6: December: 8.3%
7: April: 6.5%
8: March: 6.5%
9: October: 6.5%
10: November: 5.6%
11: May: 5.6%
12: July: 5.6%
Busy Months Report for Abbotsford Mortgages

Busy Days for Online Mortgages within Abbotsford

The bar graph below compares the busy days for Internet 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 Abbotsford the most busy day of the week, with 19.44% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 8.33% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Tuesday: 19.4%
2: Friday: 17.6%
3: Monday: 16.7%
4: Wednesday: 13.0%
5: Thursday: 13.0%
6: Sunday: 12.0%
7: Saturday: 8.3%
Busy Days Report for Abbotsford Mortgages

Peak Hours for Mortgages within Abbotsford

Mortgage inquiries are received 24 hours a day from the CanEquity web site. The statistics shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 15.7% of all mortgages are received during the morning, while 72.2% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 8.3%
01:00 to 01:59: 1.9%
03:00 to 03:59: 1.9%
04:00 to 04:59: 0.9%
06:00 to 06:59: 1.9%
09:00 to 09:59: 3.7%
10:00 to 10:59: 1.9%
11:00 to 11:59: 7.4%
12:00 to 12:59: 5.6%
13:00 to 13:59: 4.6%
14:00 to 14:59: 8.3%
15:00 to 15:59: 5.6%
16:00 to 16:59: 4.6%
17:00 to 17:59: 4.6%
18:00 to 18:59: 5.6%
19:00 to 19:59: 1.9%
20:00 to 20:59: 8.3%
21:00 to 21:59: 13.0%
22:00 to 22:59: 6.5%
23:00 to 23:59: 3.7%
Peak Hours Graph for Mortgages in Abbotsford

Note: Only hours that have had mortgages from Abbotsford, British Columbia are shown.

British Columbia Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
British Columbia 11.48%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.78%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario: 48.62%
Prince Edward Island: 0.35%
Quebec: 3.80%
Saskatchewan: 5.59%
Yukon Territories: 0.21%
Abbotsford Mortgages

Current City Standing within British Columbia


Location Contribution
001:  VANCOUVER, BC 1.092%
002:  SURREY, BC 0.821%
003:  VICTORIA, BC 0.748%
004:  KELOWNA, BC 0.387%
005:  ABBOTSFORD, BC 0.357%
006:  BURNABY, BC 0.344%
007:  RICHMOND, BC 0.305%
008:  KAMLOOPS, BC 0.291%
009:  CHILLIWACK, BC 0.288%
010:  COQUITLAM, BC 0.281%

Nearest Settlements


1Clearbrook, British Columbia
2Sardis, British Columbia
3Aldergrove, British Columbia
4Chilliwack, British Columbia
5Fort Langley, British Columbia
6Deroche, British Columbia
7Langley, British Columbia
8White Rock, British Columbia
9Rosedale, British Columbia
10Agassiz, British Columbia
11Surrey, British Columbia
12Maple Ridge, British Columbia
13Mission, British Columbia
14Haney, British Columbia
15Port Coquitlam, British Columbia
16New Westminster, British Columbia
17Hope, British Columbia
18Pitt Meadows, British Columbia
19Burnaby, British Columbia
20Richmond, British Columbia
21Port Moody, British Columbia
22Coquitlam, British Columbia


Product Popularity for Abbotsford


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 36.1%
Refinance: 14.8%
First-time Buyer: 13.9%
No Money Down: 13.0%
Purchase: 7.4%
Renewal: 6.5%
Pre-approval: 5.6%
Equity Mortgage: 2.8%
 
Total Application Types Found: 8
 Abbotsford Mortgage Product Popularity Pie Chart

Age Demographics for Abbotsford Mortgage Applicants

Average age: 37
Oldest age: 64
Youngest age: 20


Incomes for Abbotsford Mortgage Applicants

The figures below represent the average income of Canadians living in Abbotsford who have applied for a home loan using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Abbotsford: $52,561.19
applicants within all of Canada: $56,384.30
Difference: ($3,823.10)
  
mortgage co-applicants in Abbotsford: $37,757.60
co-applicants within all of Canada: $39,375.53
Difference: ($1,617.93)

Note: Commercial Mortgages were not included for this survey, only residential loans from Abbotsford, British Columbia were used.

Residential Status for Abbotsford Originated Mortgages

The pie chart below shows the residential status of people living in Abbotsford who have applied for a home loan using the pre-approval application on CanEquity's web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 48.1%
Own: 39.8%
Other: 3.7%
No Comment: 4.6%
Live with parents: 3.7%
Abbotsford Residential Status Pie Chart

Marital Status for Abbotsford Originated Mortgages

The following pie chart represents the marital status of applicants from Abbotsford, British Columbia using the online mortgage application found at the CanEquity web site. Over 61% of the mortgage applicants are either married or living common-law, while only 38% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 51.9%
Single: 31.5%
Common-law: 9.3%
Divorced: 4.6%
Separated: 2.8%
Abbotsford Marital Status Pie Chart