Last report update for Chilliwack: Sunday, March 21, 2010
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Chilliwack Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Inquiries from Chilliwack

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%

Note: * These values are the percentages up to Sunday, March 21, 2010. Estimated volume targets for the entire 2010 year are 6.84% and 0.02% respectively. ** Total national contribution of Chilliwack mortgages in the past is currently 0.27% with a projected target of 0.29%.

Busy Months for Mortgage Inquiries within Chilliwack

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%.

RankMonth 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%
Busy Months Report for Chilliwack Mortgages

Busy Days for Applications within Chilliwack

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%
Busy Days Report for Chilliwack Mortgages

Peak Hours for Applicants within Chilliwack

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%
Peak Hours Graph for Mortgages in Chilliwack

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

British Columbia Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.11%
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%
Chilliwack Mortgages

Current City Standing within British Columbia


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%

Nearest Settlements


1Deroche, British Columbia
2Langley, British Columbia
3Fort Langley, British Columbia
4Rosedale, British Columbia
5Abbotsford, British Columbia
6Agassiz, British Columbia
7Maple Ridge, British Columbia
8Mission, British Columbia
9Haney, British Columbia
10Sardis, British Columbia
11Clearbrook, British Columbia
12Port Coquitlam, British Columbia
13Aldergrove, British Columbia
14Hope, British Columbia
15Pitt Meadows, British Columbia
16Coquitlam, British Columbia
17White Rock, British Columbia
18Port Moody, British Columbia


Product Popularity for Chilliwack


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
 Chilliwack Mortgage Product Popularity Pie Chart

Age Demographics for Chilliwack Mortgage Applicants

Average age: 41
Oldest age: 74
Youngest age: 22


Incomes for Chilliwack Mortgage Applicants

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

Note: Commercial Mortgage loans were not included for this section, only home loans were used.

Residential Status for Chilliwack Mortgage Applicants

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%
Chilliwack Residential Status Pie Chart

Marital Statistics for Chilliwack Mortgage Applicants

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%
Chilliwack Marital Status Pie Chart