Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 11.56% | 0.04% |
| 2010: | 9.25% | 0.03% |
| 2009: | 9.83% | 0.03% |
| 2008: | 5.20% | 0.02% |
| 2007: | 12.72% | 0.04% |
| 2006: | 14.45% | 0.05% |
| 2005: | 8.09% | 0.03% |
| 2004: | 8.67% | 0.03% |
| 2003: | 14.45% | 0.05% |
| 2002: | 5.78% | 0.02% |
The following illustrates the individual monthly volume history for Internet pre-approval applications sent from Kelowna, BC.
The 6-year bar graph below represents the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Kelowna usually occur during our second quarter (represented by the green bars) with 31.21% while our slowest is the fourth quarter (represented by the red bars) with 19.08%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 13.3% | |
| 2: | April: | 11.6% | |
| 3: | May: | 11.0% | |
| 4: | March: | 10.4% | |
| 5: | October: | 9.3% | |
| 6: | August: | 8.7% | |
| 7: | June: | 8.7% | |
| 8: | November: | 6.9% | |
| 9: | July: | 6.4% | |
| 10: | February: | 5.8% | |
| 11: | September: | 5.2% | |
| 12: | December: | 2.9% |
The graph below illustrates the busy days for Internet mortgage applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Kelowna the most busy day of the week, with 20.23% of all applications, is Monday. In comparison, Friday's are the slowest day with only 7.51% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 20.2% | |
| 2: | Tuesday: | 18.5% | |
| 3: | Sunday: | 15.6% | |
| 4: | Wednesday: | 14.4% | |
| 5: | Thursday: | 14.4% | |
| 6: | Saturday: | 9.3% | |
| 7: | Friday: | 7.5% |
Applications are received 24 hours a day on the CanEquity web site. The statistics shown below indicates the busy hours in the day. The data is taken from all days of all years. Only 19.7% of all mortgages are received during the morning, while 76.9% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.7% |
| 01:00 to 01:59: | 1.2% |
| 02:00 to 02:59: | 0.6% |
| 05:00 to 05:59: | 0.6% |
| 06:00 to 06:59: | 0.6% |
| 07:00 to 07:59: | 2.3% |
| 08:00 to 08:59: | 2.3% |
| 09:00 to 09:59: | 1.7% |
| 10:00 to 10:59: | 5.8% |
| 11:00 to 11:59: | 6.4% |
| 12:00 to 12:59: | 9.8% |
| 13:00 to 13:59: | 5.2% |
| 14:00 to 14:59: | 6.4% |
| 15:00 to 15:59: | 3.5% |
| 16:00 to 16:59: | 5.8% |
| 17:00 to 17:59: | 7.5% |
| 18:00 to 18:59: | 4.0% |
| 19:00 to 19:59: | 8.7% |
| 20:00 to 20:59: | 4.6% |
| 21:00 to 21:59: | 9.2% |
| 22:00 to 22:59: | 6.9% |
| 23:00 to 23:59: | 5.2% |
| 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 | |
|---|---|---|
| 001: | VANCOUVER, BC | 0.955% |
| 002: | SURREY, BC | 0.715% |
| 003: | VICTORIA, BC | 0.664% |
| 004: | KELOWNA, BC | 0.327% |
| 005: | BURNABY, BC | 0.327% |
| 006: | ABBOTSFORD, BC | 0.294% |
| 007: | PRINCE GEORGE, BC | 0.291% |
| 008: | RICHMOND, BC | 0.277% |
| 009: | KAMLOOPS, BC | 0.264% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 30.6% | |
| Refinance: | 13.9% | |
| First-time Buyer: | 12.7% | |
| No Money Down: | 11.6% | |
| Renewal: | 11.0% | |
| Purchase: | 9.8% | |
| Variable Rate: | 2.9% | |
| Pre-approval: | 2.3% | |
| Investment: | 1.7% | |
| Equity Mortgage: | 1.2% | |
| Other: | 2.4% | |
| Total Application Types Found: 14 | ||
Average age: 41
Oldest age: 76
Youngest age: 20
The following figures show the average income of applicants living in Kelowna who have submitted an inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Kelowna: | $60,186.54 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $688.08 |
| mortgage co-applicants in Kelowna: | $35,124.64 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($7,278.49) |
The pie chart below shows the residential status of people living in Kelowna who have applied for a loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 42.2% | |
| Own: | 48.6% | |
| Other: | 2.3% | |
| No Comment: | 3.5% | |
| Live with parents: | 3.5% |
The following pie chart represents the marital status of applicants from Kelowna, British Columbia using the online mortgage application located at the CanEquity web site. In Kelowna, approximately 61% of the mortgage applicants are either married or living common-law, while only 36% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 45.1% | |
| Single: | 27.2% | |
| Common-law: | 16.8% | |
| Divorced: | 6.9% | |
| Separated: | 2.9% | |
| Widowed: | 1.2% |
