Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2012: | * 3.35% | * 0.01% |
| 2011: | 5.59% | 0.02% |
| 2010: | 9.50% | 0.03% |
| 2009: | 18.44% | 0.06% |
| 2008: | 8.94% | 0.03% |
| 2007: | 8.94% | 0.03% |
| 2006: | 12.29% | 0.04% |
| 2005: | 7.26% | 0.02% |
| 2004: | 8.38% | 0.03% |
| 2003: | 11.17% | 0.04% |
| 2002: | 6.14% | 0.02% |
The following bar graph displays our website's individual monthly volume history for Internet pre-approval applications sent from Burnaby, BC.
The graph below displays the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Burnaby happen to occur during our first quarter (represented by the brown bars) with 30.73% while our slowest is the fourth quarter (represented by the red bars) with 15.64%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 12.9% | |
| 2: | August: | 11.7% | |
| 3: | May: | 11.2% | |
| 4: | February: | 9.5% | |
| 5: | April: | 8.9% | |
| 6: | October: | 8.9% | |
| 7: | January: | 8.4% | |
| 8: | June: | 8.4% | |
| 9: | September: | 7.8% | |
| 10: | July: | 5.6% | |
| 11: | November: | 3.4% | |
| 12: | December: | 3.4% |
The information below illustrates the busy days for mortgage inquiries 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 Burnaby the most busy day of the week, with 18.44% of all inquiries, is Wednesday. In comparison, Friday's are the slowest day with only 9.50% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 18.4% | |
| 2: | Monday: | 16.8% | |
| 3: | Tuesday: | 16.8% | |
| 4: | Thursday: | 14.5% | |
| 5: | Sunday: | 14.0% | |
| 6: | Saturday: | 10.1% | |
| 7: | Friday: | 9.5% |
Inquiries are received 24 hours a day from our web site. The graph shown below represents 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: | 5.6% |
| 01:00 to 01:59: | 1.7% |
| 02:00 to 02:59: | 1.1% |
| 05:00 to 05:59: | 0.6% |
| 06:00 to 06:59: | 2.2% |
| 07:00 to 07:59: | 0.6% |
| 08:00 to 08:59: | 0.6% |
| 09:00 to 09:59: | 2.2% |
| 10:00 to 10:59: | 5.6% |
| 11:00 to 11:59: | 4.5% |
| 12:00 to 12:59: | 7.8% |
| 13:00 to 13:59: | 6.1% |
| 14:00 to 14:59: | 8.9% |
| 15:00 to 15:59: | 7.3% |
| 16:00 to 16:59: | 8.9% |
| 17:00 to 17:59: | 10.1% |
| 18:00 to 18:59: | 5.6% |
| 19:00 to 19:59: | 3.4% |
| 20:00 to 20:59: | 5.0% |
| 21:00 to 21:59: | 3.9% |
| 22:00 to 22:59: | 3.9% |
| 23:00 to 23:59: | 4.5% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.56% |
| Manitoba: | 2.05% |
| New Brunswick: | 2.44% |
| Newfoundland and Labrador: | 1.27% |
| Nova Scotia: | 3.30% |
| Northwest Territories: | 0.42% |
| Nunavut: | 0.10% |
| Ontario: | 47.81% |
| Prince Edward Island: | 0.52% |
| Quebec: | 3.94% |
| Saskatchewan: | 4.91% |
| Yukon Territories: | 0.43% |
| Location | Contribution | |
|---|---|---|
| 001: | VANCOUVER, BC | 0.952% |
| 002: | SURREY, BC | 0.722% |
| 003: | VICTORIA, BC | 0.665% |
| 004: | KELOWNA, BC | 0.330% |
| 005: | BURNABY, BC | 0.325% |
| 006: | ABBOTSFORD, BC | 0.286% |
| 007: | PRINCE GEORGE, BC | 0.283% |
| 008: | RICHMOND, BC | 0.276% |
| 009: | KAMLOOPS, BC | 0.268% |
| 010: | CHILLIWACK, BC | 0.259% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 26.8% | |
| First-time Buyer: | 24.6% | |
| Renewal: | 15.1% | |
| Purchase: | 10.1% | |
| No Money Down: | 9.5% | |
| Refinance: | 8.9% | |
| Pre-approval: | 2.2% | |
| Other: | 3% | |
| Total Application Types Found: 12 | ||
Average age: 37
Oldest age: 63
Youngest age: 21
The information below represents the average income of applicants living in Burnaby who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Burnaby: | $60,715.33 |
| applicants within all of Canada: | $59,709.04 |
| Difference: | $1,006.29 |
| mortgage co-applicants in Burnaby: | $44,185.56 |
| co-applicants within all of Canada: | $42,699.57 |
| Difference: | $1,485.99 |
The following depicts the residential status of people living in Burnaby who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 54.2% | |
| Own: | 36.3% | |
| Other: | 2.2% | |
| No Comment: | 4.5% | |
| Live with parents: | 2.8% |
The information below shows the marital status of applicants from Burnaby, British Columbia using the online mortgage application found on the CanEquity Mortgage web site. In Burnaby, approximately 64% of the mortgage applicants are either married or living common-law, while only 35% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 54.2% | |
| Single: | 26.3% | |
| Common-law: | 10.6% | |
| Divorced: | 4.5% | |
| Separated: | 4.5% |
