Chilliwack Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 1.71% | * 0.01% |
| 2009: | 14.53% | 0.04% |
| 2008: | 17.95% | 0.05% |
| 2007: | 13.68% | 0.04% |
| 2006: | 9.40% | 0.03% |
| 2005: | 17.95% | 0.05% |
| 2004: | 11.97% | 0.03% |
| 2003: | 8.55% | 0.02% |
| 2002: | 4.27% | 0.01% |
The following shows the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Chilliwack seem to occur during our first quarter (represented by the brown bars) with 36.75% while our slowest is the fourth quarter (represented by the red bars) with 16.24%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 15.4% | |
| 2: | March: | 13.7% | |
| 3: | June: | 13.7% | |
| 4: | April: | 10.3% | |
| 5: | January: | 7.7% | |
| 6: | November: | 6.8% | |
| 7: | December: | 6.8% | |
| 8: | May: | 6.0% | |
| 9: | July: | 6.0% | |
| 10: | September: | 6.0% | |
| 11: | August: | 5.1% | |
| 12: | October: | 2.6% |
The graph listed below displays the busy days for mortgage applications that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Chilliwack the busiest day of the week, with 29.06% of all inquiries, is Tuesday. In comparison, Sunday's are the slowest day with only 5.13% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 29.1% | |
| 2: | Monday: | 18.8% | |
| 3: | Wednesday: | 15.4% | |
| 4: | Thursday: | 14.5% | |
| 5: | Saturday: | 9.4% | |
| 6: | Friday: | 7.7% | |
| 7: | Sunday: | 5.1% |
Inquiries are received 24 hours a day from the CanEquity web site. The statistics shown below represents the rush hours within 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: | 2.6% |
| 01:00 to 01:59: | 0.9% |
| 02:00 to 02:59: | 0.9% |
| 03:00 to 03:59: | 0.9% |
| 05:00 to 05:59: | 0.9% |
| 06:00 to 06:59: | 0.9% |
| 07:00 to 07:59: | 0.9% |
| 08:00 to 08:59: | 3.4% |
| 09:00 to 09:59: | 2.6% |
| 10:00 to 10:59: | 6.0% |
| 11:00 to 11:59: | 5.1% |
| 12:00 to 12:59: | 9.4% |
| 13:00 to 13:59: | 9.4% |
| 14:00 to 14:59: | 10.3% |
| 15:00 to 15:59: | 6.8% |
| 16:00 to 16:59: | 4.3% |
| 17:00 to 17:59: | 5.1% |
| 18:00 to 18:59: | 4.3% |
| 19:00 to 19:59: | 6.0% |
| 20:00 to 20:59: | 4.3% |
| 21:00 to 21:59: | 5.1% |
| 22:00 to 22:59: | 7.7% |
| 23:00 to 23:59: | 2.6% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.11% |
| British Columbia: | 10.86% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.11% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.15% |
| Saskatchewan: | 5.06% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 002: | SURREY, BC | 0.761% |
| 003: | VICTORIA, BC | 0.728% |
| 004: | BURNABY, BC | 0.358% |
| 005: | KELOWNA, BC | 0.333% |
| 006: | ABBOTSFORD, BC | 0.302% |
| 007: | CHILLIWACK, BC | 0.274% |
| 008: | PRINCE GEORGE, BC | 0.272% |
| 009: | RICHMOND, BC | 0.269% |
| 010: | KAMLOOPS, BC | 0.265% |
| 011: | NORTH VANCOUVER, BC | 0.258% |
| 012: | COQUITLAM, BC | 0.253% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 24.8% | |
| Qualification: | 21.4% | |
| Purchase: | 12.8% | |
| No Money Down: | 11.1% | |
| First-time Buyer: | 9.4% | |
| Renewal: | 9.4% | |
| Pre-approval: | 2.6% | |
| Variable Rate: | 2.6% | |
| Equity Mortgage: | 1.7% | |
| Commercial: | 0.9% | |
| Second Mortgage: | 0.9% | |
| Recreational: | 0.9% | |
| Home Renovation: | 0.9% | |
| Investment: | 0.9% | |
| Total Application Types Found: 14 | ||
Average age: 41
Oldest age: 74
Youngest age: 22
The amounts shown below represent the average income of applicants living in Chilliwack who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Chilliwack: | $54,130.88 |
| applicants within all of Canada: | $58,592.40 |
| Difference: | ($4,461.53) |
| mortgage co-applicants in Chilliwack: | $43,637.62 |
| co-applicants within all of Canada: | $41,278.89 |
| Difference: | $2,358.73 |
The table and pie chart below represents the residential status of people living in Chilliwack who have applied for a mortgage loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 26.5% | |
| Own: | 70.1% | |
| Other: | 0.9% | |
| No Comment: | 2.6% |
The following table and pie chart represents the marital status of applicants from Chilliwack, British Columbia using the preapproval application located at the CanEquity web site. In Chilliwack, approximately 78% of the mortgage applicants are living together with someone, while only 21% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 66.7% | |
| Single: | 14.5% | |
| Common-law: | 12.0% | |
| Separated: | 4.3% | |
| Divorced: | 2.6% |
