Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 8.11% | 0.01% |
| 2010: | 8.11% | 0.01% |
| 2009: | 16.22% | 0.01% |
| 2008: | 10.81% | 0.01% |
| 2007: | 10.81% | 0.01% |
| 2006: | 8.11% | 0.01% |
| 2004: | 10.81% | 0.01% |
| 2003: | 21.62% | 0.01% |
| 2002: | 5.41% | 0.00% |
The bar graph listed below illustrates the busy days for Internet applications that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In Cranbrook, the day with the most volume, having more than 24.32% of all submissions, is Monday. In comparison, Friday's are the slowest day with only 5.41% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 24.3% | |
| 2: | Tuesday: | 16.2% | |
| 3: | Sunday: | 16.2% | |
| 4: | Thursday: | 16.2% | |
| 5: | Wednesday: | 10.8% | |
| 6: | Saturday: | 10.8% | |
| 7: | Friday: | 5.4% |
In Cranbrook, mortgage applications are received 24 hours a day from the CanEquity web site. The report shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 02:00 to 02:59: | 2.7% |
| 09:00 to 09:59: | 8.1% |
| 10:00 to 10:59: | 8.1% |
| 11:00 to 11:59: | 2.7% |
| 12:00 to 12:59: | 8.1% |
| 13:00 to 13:59: | 5.4% |
| 14:00 to 14:59: | 5.4% |
| 15:00 to 15:59: | 8.1% |
| 16:00 to 16:59: | 10.8% |
| 17:00 to 17:59: | 5.4% |
| 18:00 to 18:59: | 8.1% |
| 19:00 to 19:59: | 5.4% |
| 20:00 to 20:59: | 8.1% |
| 21:00 to 21:59: | 5.4% |
| 22:00 to 22:59: | 2.7% |
| 23:00 to 23:59: | 5.4% |
| 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 | |
|---|---|---|
| 028: | WESTBANK, BC | 0.081% |
| 029: | COURTENAY, BC | 0.079% |
| 030: | MISSION, BC | 0.079% |
| 031: | QUESNEL, BC | 0.076% |
| 032: | DUNCAN, BC | 0.074% |
| 033: | CRANBROOK, BC | 0.070% |
| 034: | VANDERHOOF, BC | 0.062% |
| 035: | WILLIAMS LAKE, BC | 0.060% |
| 036: | PORT MOODY, BC | 0.060% |
| 037: | REVELSTOKE, BC | 0.060% |
| 038: | PARKSVILLE, BC | 0.057% |
| 1 | Marysville, British Columbia |
| 2 | Jaffray, British Columbia |
| 3 | Kimberley, British Columbia |
| 4 | Creston, British Columbia |
| 5 | Fernie, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 27.0% | |
| Refinance: | 21.6% | |
| No Money Down: | 16.2% | |
| Purchase: | 16.2% | |
| First-time Buyer: | 10.8% | |
| Renewal: | 2.7% | |
| Equity Mortgage: | 2.7% | |
| Investment: | 2.7% | |
| Total Application Types Found: 8 | ||
Average age: 39
Oldest age: 64
Youngest age: 22
The following figures show the average income of people living in Cranbrook who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cranbrook: | $48,487.46 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($11,011.01) |
| mortgage co-applicants in Cranbrook: | $49,105.38 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $6,702.25 |
The pie chart below shows the residential status of people living in Cranbrook who have applied for a loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 43.2% | |
| Own: | 54.1% | |
| Live with parents: | 2.7% |
The following table and pie chart represents the marital status of applicants from Cranbrook, British Columbia using the online mortgage application located at the CanEquity web site. In Cranbrook, over 67% of the mortgage applicants are living with someone, while only 29% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 48.6% | |
| Single: | 21.6% | |
| Common-law: | 18.9% | |
| Separated: | 5.4% | |
| Divorced: | 2.7% | |
| Widowed: | 2.7% |
