Last report update for Cranbrook: Wednesday, March 17, 2010
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Cranbrook Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Applications from Cranbrook

Year Year to Year
Comparison
** National
Contribution
2010: * 6.06% * 0.01%
2009: 18.18% 0.01%
2008: 12.12% 0.01%
2007: 12.12% 0.01%
2006: 9.09% 0.01%
2004: 12.12% 0.01%
2003: 24.24% 0.02%
2002: 6.06% 0.01%

Note: * These values are the percentages up to Wednesday, March 17, 2010. Estimated volume targets for the entire 2010 year are 24.24% and 0.02% respectively. ** Total national contribution of Cranbrook mortgages in the past is currently 0.08% with a projected target of 0.09%.

Busy Days for Mortgage Applications within Cranbrook

The data below plots the busy days for online inquiries 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 Cranbrook, the day with the most volume, generating 24.24% of all submissions, is Monday. In comparison, Wednesday's are the slowest day with only 6.06% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 24.2%
2: Sunday: 18.2%
3: Thursday: 18.2%
4: Tuesday: 15.2%
5: Saturday: 12.1%
6: Friday: 6.1%
7: Wednesday: 6.1%
Busy Days Report for Cranbrook Mortgages

Peak Hours for Originated Mortgages within Cranbrook

In Cranbrook, inquiries are received 24 hours a day from the CanEquity web site. The graph shown below represents the peak hours in the day. The data is taken from all days of all years.


Time Period
(24 Hour)
Percentage
of Inquiries
02:00 to 02:59: 3.0%
09:00 to 09:59: 9.1%
10:00 to 10:59: 9.1%
12:00 to 12:59: 6.1%
13:00 to 13:59: 6.1%
14:00 to 14:59: 6.1%
15:00 to 15:59: 9.1%
16:00 to 16:59: 9.1%
17:00 to 17:59: 6.1%
18:00 to 18:59: 9.1%
19:00 to 19:59: 6.1%
20:00 to 20:59: 6.1%
21:00 to 21:59: 6.1%
22:00 to 22:59: 3.0%
23:00 to 23:59: 6.1%
Peak Hours Graph for Mortgages in Cranbrook

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

British Columbia Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.10%
British Columbia 10.87%
Manitoba: 2.09%
New Brunswick: 2.10%
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: 4.14%
Saskatchewan: 5.07%
Yukon Territories: 0.26%
Cranbrook Mortgages

Current City Standing within British Columbia


Location Contribution
026:  SALMON ARM, BC 0.085%
027:  DUNCAN, BC 0.082%
028:  MISSION, BC 0.082%
029:  TERRACE, BC 0.080%
030:  WESTBANK, BC 0.080%
031:  CRANBROOK, BC 0.077%
032:  NELSON, BC 0.077%
033:  WILLIAMS LAKE, BC 0.066%
034:  PORT MOODY, BC 0.066%
035:  PARKSVILLE, BC 0.061%
036:  REVELSTOKE, BC 0.059%

Nearest Settlements


1Marysville, British Columbia
2Jaffray, British Columbia
3Kimberley, British Columbia
4Creston, British Columbia
5Fernie, British Columbia


Product Popularity for Cranbrook


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 27.3%
Refinance: 21.2%
No Money Down: 18.2%
First-time Buyer: 12.1%
Purchase: 12.1%
Renewal: 3.0%
Equity Mortgage: 3.0%
Investment: 3.0%
 
Total Application Types Found: 8
 Cranbrook Mortgage Product Popularity Pie Chart

Age Demographics for Cranbrook Mortgages

Average age: 40
Oldest age: 64
Youngest age: 24


Incomes for Cranbrook Mortgages

The following depicts the average income of people living in Cranbrook who have submitted an inquiry using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Cranbrook: $49,034.23
applicants within all of Canada: $58,582.39
Difference: ($9,548.16)
  
mortgage co-applicants in Cranbrook: $51,280.83
co-applicants within all of Canada: $41,225.82
Difference: $10,055.01

Note: Commercial Mortgages were not included for this survey, only residential mortgage loan amounts were used.

Residential Status for Cranbrook Mortgage Applicants

The information below represents the residential status of people living in Cranbrook who have applied for a loan using CanEquity's preapproval application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 45.5%
Own: 51.5%
Live with parents: 3.0%
Cranbrook Residential Status Pie Chart

Marital Stats for Cranbrook Mortgage Applicants

The following pie chart represents the marital status of applicants from Cranbrook, British Columbia using the online mortgage application found on canequity.com. 69% of the mortgage applicants are either married or living common-law, while only 27% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 54.5%
Single: 21.2%
Common-law: 15.2%
Divorced: 3.0%
Separated: 3.0%
Widowed: 3.0%
Cranbrook Marital Status Pie Chart