Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 20.69% | 0.01% |
| 2010: | 24.14% | 0.01% |
| 2009: | 10.35% | 0.01% |
| 2008: | 10.35% | 0.01% |
| 2006: | 6.90% | 0.00% |
| 2005: | 6.90% | 0.00% |
| 2004: | 10.35% | 0.01% |
| 2003: | 3.45% | 0.00% |
| 2002: | 6.90% | 0.00% |
The graph listed below illustrates the busy days for mortgage applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Grand Forks the busiest day of the week, with 24.14% of all submissions, is Friday. In comparison, Monday's are the slowest day with only 3.45% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Friday: | 24.1% | |
| 2: | Sunday: | 24.1% | |
| 3: | Tuesday: | 20.7% | |
| 4: | Thursday: | 10.3% | |
| 5: | Saturday: | 10.3% | |
| 6: | Wednesday: | 6.9% | |
| 7: | Monday: | 3.5% |
Grand Forks mortgage applications are received 24 hours a day via our web site. The information shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 31.0% of all mortgages are received during the morning, while 69.0% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 05:00 to 05:59: | 3.4% |
| 06:00 to 06:59: | 3.4% |
| 07:00 to 07:59: | 3.4% |
| 09:00 to 09:59: | 6.9% |
| 11:00 to 11:59: | 13.8% |
| 12:00 to 12:59: | 3.4% |
| 14:00 to 14:59: | 6.9% |
| 17:00 to 17:59: | 6.9% |
| 18:00 to 18:59: | 13.8% |
| 19:00 to 19:59: | 3.4% |
| 21:00 to 21:59: | 13.8% |
| 22:00 to 22:59: | 10.3% |
| 23:00 to 23:59: | 10.3% |
| 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 | |
|---|---|---|
| 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% |
| 039: | GRAND FORKS, BC | 0.055% |
| 040: | SOOKE, BC | 0.053% |
| 041: | SECHELT, BC | 0.051% |
| 042: | KIMBERLEY, BC | 0.051% |
| 043: | LADYSMITH, BC | 0.051% |
| 044: | SQUAMISH, BC | 0.049% |
| 1 | Osoyoos, British Columbia |
| 2 | Okanagan Falls, British Columbia |
| 3 | Oliver, British Columbia |
| 4 | Robson, British Columbia |
| 5 | Kaleden, British Columbia |
| 6 | Rossland, British Columbia |
| 7 | Trail, British Columbia |
| 8 | Castlegar, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 31.0% | |
| Purchase: | 24.1% | |
| Refinance: | 20.7% | |
| No Money Down: | 6.9% | |
| First-time Buyer: | 6.9% | |
| Renewal: | 3.4% | |
| Equity Mortgage: | 3.4% | |
| Second Mortgage: | 3.4% | |
| Total Application Types Found: 8 | ||
Average age: 44
Oldest age: 72
Youngest age: 23
The following depicts the average income of Canadians living in Grand Forks who have applied for a loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Grand Forks: | $48,293.92 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($11,204.55) |
| mortgage co-applicants in Grand Forks: | $28,789.88 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($13,613.26) |
The information shown below represents the residential status of people living in Grand Forks who have applied for a mortgage using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 41.4% | |
| Own: | 48.3% | |
| Other: | 6.9% | |
| No Comment: | 3.4% |
The information below shows the marital status of applicants from Grand Forks, British Columbia using the mortgage preapproval application found at canequity.com. Over 58% of the mortgage applicants are living together with someone, while only 34% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 41.4% | |
| Single: | 27.6% | |
| Common-law: | 17.2% | |
| Widowed: | 6.9% | |
| Divorced: | 3.4% | |
| Separated: | 3.4% |
