Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.35% | 0.03% |
| 2010: | 7.91% | 0.02% |
| 2009: | 12.23% | 0.03% |
| 2008: | 15.11% | 0.04% |
| 2007: | 11.51% | 0.03% |
| 2006: | 7.91% | 0.02% |
| 2005: | 15.11% | 0.04% |
| 2004: | 10.07% | 0.03% |
| 2003: | 7.19% | 0.02% |
| 2002: | 3.60% | 0.01% |
This graph illustrates the volumes of mortgage 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 33.09% while our slowest is the fourth quarter (represented by the red bars) with 15.11%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 13.7% | |
| 2: | February: | 12.9% | |
| 3: | June: | 12.9% | |
| 4: | April: | 10.8% | |
| 5: | May: | 8.6% | |
| 6: | January: | 6.5% | |
| 7: | July: | 6.5% | |
| 8: | August: | 6.5% | |
| 9: | September: | 6.5% | |
| 10: | November: | 5.8% | |
| 11: | December: | 5.8% | |
| 12: | October: | 3.6% |
The bar graph listed below illustrates the busy days for online applications that were received by the CanEquity web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Chilliwack, the day with the most volume, generating 26.62% of all submissions, is Tuesday. In comparison, Sunday's are the slowest day with only 5.76% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 26.6% | |
| 2: | Monday: | 21.6% | |
| 3: | Wednesday: | 14.4% | |
| 4: | Thursday: | 14.4% | |
| 5: | Saturday: | 10.8% | |
| 6: | Friday: | 6.5% | |
| 7: | Sunday: | 5.8% |
Mortgage inquiries are received 24 hours a day on our web site. The information shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years. Only 20.1% of all mortgages are received before noon, while 75.5% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 2.9% |
| 01:00 to 01:59: | 0.7% |
| 02:00 to 02:59: | 0.7% |
| 03:00 to 03:59: | 0.7% |
| 05:00 to 05:59: | 0.7% |
| 06:00 to 06:59: | 0.7% |
| 07:00 to 07:59: | 1.4% |
| 08:00 to 08:59: | 2.9% |
| 09:00 to 09:59: | 2.2% |
| 10:00 to 10:59: | 5.8% |
| 11:00 to 11:59: | 5.8% |
| 12:00 to 12:59: | 8.6% |
| 13:00 to 13:59: | 7.9% |
| 14:00 to 14:59: | 9.4% |
| 15:00 to 15:59: | 7.9% |
| 16:00 to 16:59: | 4.3% |
| 17:00 to 17:59: | 5.8% |
| 18:00 to 18:59: | 4.3% |
| 19:00 to 19:59: | 6.5% |
| 20:00 to 20:59: | 4.3% |
| 21:00 to 21:59: | 7.2% |
| 22:00 to 22:59: | 7.2% |
| 23:00 to 23:59: | 2.2% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.57% |
| Manitoba: | 2.06% |
| New Brunswick: | 2.43% |
| Newfoundland and Labrador: | 1.25% |
| Nova Scotia: | 3.28% |
| Northwest Territories: | 0.40% |
| Nunavut: | 0.10% |
| Ontario: | 48.07% |
| Prince Edward Island: | 0.53% |
| Quebec: | 3.97% |
| Saskatchewan: | 4.94% |
| Yukon Territories: | 0.41% |
| Location | Contribution | |
|---|---|---|
| 005: | BURNABY, BC | 0.327% |
| 006: | ABBOTSFORD, BC | 0.294% |
| 007: | PRINCE GEORGE, BC | 0.291% |
| 008: | RICHMOND, BC | 0.277% |
| 009: | KAMLOOPS, BC | 0.264% |
| 010: | CHILLIWACK, BC | 0.262% |
| 011: | FORT ST JOHN, BC | 0.247% |
| 012: | COQUITLAM, BC | 0.234% |
| 013: | NORTH VANCOUVER, BC | 0.228% |
| 014: | LANGLEY, BC | 0.227% |
| 015: | NANAIMO, BC | 0.215% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 23.7% | |
| Qualification: | 20.9% | |
| Purchase: | 13.7% | |
| No Money Down: | 11.5% | |
| First-time Buyer: | 9.4% | |
| Renewal: | 8.6% | |
| Pre-approval: | 2.9% | |
| Commercial: | 2.2% | |
| Variable Rate: | 2.2% | |
| Equity Mortgage: | 1.4% | |
| Other: | 3.5% | |
| Total Application Types Found: 15 | ||
Average age: 41
Oldest age: 74
Youngest age: 22
The numbers below represent the average income of Canadians living in Chilliwack who have applied for a loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Chilliwack: | $53,011.79 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($6,486.67) |
| mortgage co-applicants in Chilliwack: | $41,703.77 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($699.36) |
The information below represents the residential status of people living in Chilliwack 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: | 29.5% | |
| Own: | 65.5% | |
| Other: | 2.9% | |
| No Comment: | 2.2% |
The following pie chart represents the marital status of applicants from Chilliwack, British Columbia using the mortgage application located at canequity.com. Approximately 76% of the mortgage applicants are either married or living common-law, while only 23% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 63.3% | |
| Single: | 14.4% | |
| Common-law: | 12.9% | |
| Separated: | 5.0% | |
| Divorced: | 4.3% |
