Chilliwack Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 11.49% | * 0.03% |
| 2007: | 18.39% | 0.05% |
| 2006: | 12.64% | 0.04% |
| 2005: | 24.14% | 0.07% |
| 2004: | 16.09% | 0.05% |
| 2003: | 11.49% | 0.03% |
| 2002: | 5.75% | 0.02% |
This graph represents the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Chilliwack mostly occur during our first quarter (represented by the brown bars) with 39.08% while our slowest is the third quarter (represented by the blue bars) with 14.94%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 17.2% | |
| 2: | April: | 12.6% | |
| 3: | March: | 12.6% | |
| 4: | June: | 10.3% | |
| 5: | January: | 9.2% | |
| 6: | December: | 8.1% | |
| 7: | July: | 6.9% | |
| 8: | November: | 5.8% | |
| 9: | May: | 5.8% | |
| 10: | September: | 4.6% | |
| 11: | August: | 3.5% | |
| 12: | October: | 3.5% |
The information below displays the busy days for mortgage inquiries that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In Chilliwack the most busy day of the week, with 33.33% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 4.60% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 33.3% | |
| 2: | Thursday: | 16.1% | |
| 3: | Monday: | 14.9% | |
| 4: | Wednesday: | 14.9% | |
| 5: | Friday: | 8.1% | |
| 6: | Saturday: | 8.1% | |
| 7: | Sunday: | 4.6% |
Inquiries are received 24 hours a day via our web site. The graph shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years. Only 19.5% of all mortgages are received before noon, while 74.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.4% |
| 02:00 to 02:59: | 1.1% |
| 03:00 to 03:59: | 1.1% |
| 05:00 to 05:59: | 1.1% |
| 07:00 to 07:59: | 1.1% |
| 08:00 to 08:59: | 4.6% |
| 09:00 to 09:59: | 3.4% |
| 10:00 to 10:59: | 4.6% |
| 11:00 to 11:59: | 4.6% |
| 12:00 to 12:59: | 6.9% |
| 13:00 to 13:59: | 10.3% |
| 14:00 to 14:59: | 8.0% |
| 15:00 to 15:59: | 6.9% |
| 16:00 to 16:59: | 4.6% |
| 17:00 to 17:59: | 3.4% |
| 18:00 to 18:59: | 5.7% |
| 19:00 to 19:59: | 5.7% |
| 20:00 to 20:59: | 4.6% |
| 21:00 to 21:59: | 5.7% |
| 22:00 to 22:59: | 9.2% |
| 23:00 to 23:59: | 3.4% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.46% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.78% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.09% |
| Ontario: | 48.63% |
| Prince Edward Island: | 0.36% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.59% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 004: | KELOWNA, BC | 0.387% |
| 005: | ABBOTSFORD, BC | 0.357% |
| 006: | BURNABY, BC | 0.344% |
| 007: | RICHMOND, BC | 0.304% |
| 008: | KAMLOOPS, BC | 0.291% |
| 009: | CHILLIWACK, BC | 0.287% |
| 010: | COQUITLAM, BC | 0.281% |
| 011: | PRINCE GEORGE, BC | 0.274% |
| 012: | NORTH VANCOUVER, BC | 0.271% |
| 013: | FORT ST JOHN, BC | 0.251% |
| 014: | NANAIMO, BC | 0.241% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 25.3% | |
| Qualification: | 21.8% | |
| No Money Down: | 11.5% | |
| Renewal: | 10.3% | |
| Purchase: | 10.3% | |
| First-time Buyer: | 6.9% | |
| Pre-approval: | 3.4% | |
| Variable Rate: | 3.4% | |
| Equity Mortgage: | 2.3% | |
| Commercial: | 1.1% | |
| Second Mortgage: | 1.1% | |
| Home Renovation: | 1.1% | |
| Investment: | 1.1% | |
| Total Application Types Found: 13 | ||
Average age: 42
Oldest age: 69
Youngest age: 22
The amounts below are the average income of Canadians living in Chilliwack who have applied for a home loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Chilliwack: | $49,853.72 |
| applicants within all of Canada: | $56,403.93 |
| Difference: | ($6,550.21) |
| mortgage co-applicants in Chilliwack: | $43,741.67 |
| co-applicants within all of Canada: | $39,395.85 |
| Difference: | $4,345.82 |
The following table represents the residential status of people living in Chilliwack who have applied for a home loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 24.1% | |
| Own: | 71.3% | |
| Other: | 1.1% | |
| No Comment: | 3.4% |
The pie chart below represents the marital status of applicants from Chilliwack, British Columbia using the mortgage preapproval application found at canequity.com. In Chilliwack, approximately 77% of the mortgage applicants are living common-law or married, while only 22% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 70.1% | |
| Single: | 16.1% | |
| Common-law: | 6.9% | |
| Separated: | 4.6% | |
| Divorced: | 2.3% |
