Burnaby Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 6.73% | * 0.02% |
| 2007: | 15.39% | 0.05% |
| 2006: | 21.15% | 0.07% |
| 2005: | 12.50% | 0.04% |
| 2004: | 14.42% | 0.05% |
| 2003: | 19.23% | 0.07% |
| 2002: | 10.58% | 0.04% |
The bar graph below represents the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Burnaby seem to occur during our second quarter (represented by the green bars) with 31.73% while our slowest is the fourth quarter (represented by the red bars) with 15.38%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 12.5% | |
| 2: | April: | 11.5% | |
| 3: | March: | 11.5% | |
| 4: | February: | 9.6% | |
| 5: | August: | 9.6% | |
| 6: | October: | 8.7% | |
| 7: | July: | 7.7% | |
| 8: | June: | 7.7% | |
| 9: | September: | 7.7% | |
| 10: | January: | 6.7% | |
| 11: | December: | 3.9% | |
| 12: | November: | 2.9% |
The graph listed below plots the busy days for Internet mortgage applications that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In Burnaby, the day with the most volume, having more than 20.19% of all inquiries, is Wednesday. In comparison, Saturday's are the slowest day with only 10.58% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 20.2% | |
| 2: | Thursday: | 16.4% | |
| 3: | Monday: | 14.4% | |
| 4: | Tuesday: | 14.4% | |
| 5: | Sunday: | 12.5% | |
| 6: | Friday: | 11.5% | |
| 7: | Saturday: | 10.6% |
In Burnaby, inquiries are received 24 hours a day on our web site. The statistics shown below indicates 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: | 6.7% |
| 01:00 to 01:59: | 1.9% |
| 02:00 to 02:59: | 1.0% |
| 05:00 to 05:59: | 1.0% |
| 06:00 to 06:59: | 1.9% |
| 07:00 to 07:59: | 1.0% |
| 09:00 to 09:59: | 1.9% |
| 10:00 to 10:59: | 3.8% |
| 11:00 to 11:59: | 5.8% |
| 12:00 to 12:59: | 12.5% |
| 13:00 to 13:59: | 5.8% |
| 14:00 to 14:59: | 6.7% |
| 15:00 to 15:59: | 9.6% |
| 16:00 to 16:59: | 10.6% |
| 17:00 to 17:59: | 9.6% |
| 18:00 to 18:59: | 5.8% |
| 19:00 to 19:59: | 1.9% |
| 20:00 to 20:59: | 2.9% |
| 21:00 to 21:59: | 3.8% |
| 22:00 to 22:59: | 4.8% |
| 23:00 to 23:59: | 1.0% |
| 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% |
| 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% |
| 011: | PRINCE GEORGE, BC | 0.275% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 33.7% | |
| First-time Buyer: | 25.0% | |
| Renewal: | 14.4% | |
| No Money Down: | 11.5% | |
| Refinance: | 10.6% | |
| Pre-approval: | 1.9% | |
| Purchase: | 1.9% | |
| Short Term Open: | 1.0% | |
| Total Application Types Found: 8 | ||
Average age: 35
Oldest age: 63
Youngest age: 21
The following depicts the average income of applicants living in Burnaby 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 Burnaby: | $53,405.80 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | ($2,978.50) |
| mortgage co-applicants in Burnaby: | $39,686.60 |
| co-applicants within all of Canada: | $39,375.53 |
| Difference: | $311.06 |
The table and pie chart below represents the residential status of people living in Burnaby who have applied for a loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 55.8% | |
| Own: | 33.7% | |
| No Comment: | 7.7% | |
| Live with parents: | 2.9% |
The following table and pie chart represents the marital status of applicants from Burnaby, British Columbia using the online mortgage application found at canequity.com. 64% of the mortgage applicants are living together with someone, while only 35% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 53.8% | |
| Single: | 26.0% | |
| Common-law: | 10.6% | |
| Divorced: | 4.8% | |
| Separated: | 4.8% |
