Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 7.26% | 0.02% |
| 2010: | 7.26% | 0.02% |
| 2009: | 10.48% | 0.03% |
| 2008: | 12.90% | 0.03% |
| 2007: | 10.48% | 0.03% |
| 2006: | 14.52% | 0.03% |
| 2005: | 8.87% | 0.02% |
| 2004: | 9.68% | 0.02% |
| 2003: | 8.06% | 0.02% |
| 2002: | 10.48% | 0.03% |
The 6-year bar graph below displays the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Coquitlam mostly occur during our second quarter (represented by the green bars) with 33.06% while our slowest is the fourth quarter (represented by the red bars) with 16.13%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 14.5% | |
| 2: | August: | 11.3% | |
| 3: | May: | 10.5% | |
| 4: | July: | 10.5% | |
| 5: | March: | 10.5% | |
| 6: | October: | 10.5% | |
| 7: | September: | 8.9% | |
| 8: | June: | 8.1% | |
| 9: | January: | 6.5% | |
| 10: | December: | 3.2% | |
| 11: | February: | 3.2% | |
| 12: | November: | 2.4% |
The bar graph listed below compares the busy days for mortgage inquiries 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 Coquitlam, the day with the most volume, generating 19.35% of all inquiries, is Monday. In comparison, Thursday's are the slowest day with only 10.48% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 19.4% | |
| 2: | Tuesday: | 17.7% | |
| 3: | Wednesday: | 16.1% | |
| 4: | Friday: | 12.9% | |
| 5: | Saturday: | 12.1% | |
| 6: | Sunday: | 11.3% | |
| 7: | Thursday: | 10.5% |
Applications are received 24 hours a day via the CanEquity web site. The time periods below represents the busy hours in the day. The data is taken from all days of all years. Only 15.3% of all mortgages are received during the morning, while 79.8% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 2.4% |
| 01:00 to 01:59: | 1.6% |
| 02:00 to 02:59: | 0.8% |
| 07:00 to 07:59: | 0.8% |
| 08:00 to 08:59: | 0.8% |
| 09:00 to 09:59: | 1.6% |
| 10:00 to 10:59: | 4.0% |
| 11:00 to 11:59: | 8.1% |
| 12:00 to 12:59: | 7.3% |
| 13:00 to 13:59: | 3.2% |
| 14:00 to 14:59: | 8.1% |
| 15:00 to 15:59: | 6.5% |
| 16:00 to 16:59: | 5.6% |
| 17:00 to 17:59: | 7.3% |
| 18:00 to 18:59: | 9.7% |
| 19:00 to 19:59: | 6.5% |
| 20:00 to 20:59: | 8.1% |
| 21:00 to 21:59: | 4.0% |
| 22:00 to 22:59: | 8.9% |
| 23:00 to 23:59: | 4.8% |
| 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 | |
|---|---|---|
| 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% |
| 016: | MAPLE RIDGE, BC | 0.174% |
| 017: | DELTA, BC | 0.174% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 25.8% | |
| First-time Buyer: | 15.3% | |
| Renewal: | 15.3% | |
| No Money Down: | 14.5% | |
| Refinance: | 14.5% | |
| Purchase: | 8.9% | |
| Commercial: | 1.6% | |
| Variable Rate: | 1.6% | |
| Other: | 2.4% | |
| Total Application Types Found: 11 | ||
Average age: 38
Oldest age: 68
Youngest age: 21
The numbers below represent the average income of applicants living in Coquitlam who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Coquitlam: | $66,344.32 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $6,845.86 |
| mortgage co-applicants in Coquitlam: | $44,271.43 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $1,868.30 |
The pie chart below shows the residential status of people living in Coquitlam who have applied for a loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 42.7% | |
| Own: | 42.7% | |
| Other: | 1.6% | |
| No Comment: | 8.1% | |
| Live with parents: | 4.8% |
The following table and pie chart represents the marital status of applicants from Coquitlam, British Columbia using the mortgage application located at canequity.com. Approximately 66% of the mortgage applicants are living with someone, while only 33% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 56.5% | |
| Single: | 23.4% | |
| Common-law: | 9.7% | |
| Divorced: | 6.5% | |
| Separated: | 4.0% |
