Last report update for Kelowna: Tuesday, May 6, 2008
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Kelowna Mortgage
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Oyama
Peachland
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Kelowna Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages from Kelowna

Year Year to Year
Comparison
** National
Contribution
2008: * 5.13% * 0.02%
2007: 18.80% 0.07%
2006: 21.37% 0.08%
2005: 11.97% 0.05%
2004: 12.82% 0.05%
2003: 21.37% 0.08%
2002: 8.55% 0.03%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 12.82% and 0.05% respectively. ** Total national contribution of Kelowna mortgages in the past is currently 0.39% with a projected target of 0.42%.

Busy Months for Mortgage Applications within Kelowna

The graph below depicts the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Kelowna mostly occur during our first quarter (represented by the brown bars) with 35.04% while our slowest is the fourth quarter (represented by the red bars) with 16.24%.

RankMonth Percentage
of Inquiries
1: March: 14.5%
2: January: 13.7%
3: May: 11.1%
4: April: 10.3%
5: August: 9.4%
6: June: 7.7%
7: November: 6.8%
8: February: 6.8%
9: July: 6.0%
10: October: 6.0%
11: September: 4.3%
12: December: 3.4%
Busy Months Report for Kelowna Mortgages

Busy Days for Mortgage Applications within Kelowna

The graph below compares the busy days for online applications that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Kelowna, the day with the most volume, having more than 21.37% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 8.55% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 21.4%
2: Sunday: 17.9%
3: Tuesday: 16.2%
4: Wednesday: 15.4%
5: Thursday: 12.0%
6: Friday: 8.6%
7: Saturday: 8.6%
Busy Days Report for Kelowna Mortgages

Peak Hours for Mortgage Applicants within Kelowna

Inquiries are received 24 hours a day on the CanEquity web site. The statistics shown below represents the busy hours over a 24-hour period. The data is taken from all days of all years.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 2.6%
01:00 to 01:59: 0.9%
02:00 to 02:59: 0.9%
06:00 to 06:59: 0.9%
07:00 to 07:59: 2.6%
08:00 to 08:59: 1.7%
09:00 to 09:59: 1.7%
10:00 to 10:59: 5.1%
11:00 to 11:59: 6.0%
12:00 to 12:59: 9.4%
13:00 to 13:59: 5.1%
14:00 to 14:59: 7.7%
15:00 to 15:59: 3.4%
16:00 to 16:59: 5.1%
17:00 to 17:59: 7.7%
18:00 to 18:59: 3.4%
19:00 to 19:59: 9.4%
20:00 to 20:59: 5.1%
21:00 to 21:59: 12.0%
22:00 to 22:59: 5.1%
23:00 to 23:59: 4.3%
Peak Hours Graph for Mortgages in Kelowna

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

British Columbia Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
British Columbia 11.49%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.12%
Nova Scotia: 2.77%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario: 48.62%
Prince Edward Island: 0.36%
Quebec: 3.80%
Saskatchewan: 5.60%
Yukon Territories: 0.21%
Kelowna Mortgages

Current City Standing within British Columbia


Location Contribution
001:  VANCOUVER, BC 1.097%
002:  SURREY, BC 0.824%
003:  VICTORIA, BC 0.748%
004:  KELOWNA, BC 0.389%
005:  ABBOTSFORD, BC 0.356%
006:  BURNABY, BC 0.342%
007:  RICHMOND, BC 0.303%
008:  KAMLOOPS, BC 0.293%
009:  CHILLIWACK, BC 0.289%

Nearest Settlements


1Westbank, British Columbia
2Naramata, British Columbia
3Chase, British Columbia
4Winfield, British Columbia
5Summerland, British Columbia
6Savona, British Columbia
7Merritt, British Columbia
8Peachland, British Columbia
9Oyama, British Columbia
10Coldstream, British Columbia
11Penticton, British Columbia
12Vernon, British Columbia
13Princeton, British Columbia
14Beaverdell, British Columbia
15Lumby, British Columbia
16Armstrong, British Columbia


Product Popularity for Kelowna


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 34.2%
First-time Buyer: 15.4%
No Money Down: 12.8%
Refinance: 12.8%
Renewal: 11.1%
Variable Rate: 4.3%
Purchase: 3.4%
Pre-approval: 2.6%
Equity Mortgage: 1.7%
Second Mortgage: 0.9%
Home Renovation: 0.9%
 
Total Application Types Found: 11
 Kelowna Mortgage Product Popularity Pie Chart

Age Demographics for Kelowna Mortgage Applicants

Average age: 39
Oldest age: 74
Youngest age: 20


Incomes for Kelowna Mortgage Applicants

The numbers below represent the average income of people living in Kelowna who have applied for a mortgage loan using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Kelowna: $62,035.19
applicants within all of Canada: $56,347.50
Difference: $5,687.70
  
mortgage co-applicants in Kelowna: $29,497.96
co-applicants within all of Canada: $39,330.70
Difference: ($9,832.74)

Note: Commercial loan amounts were not included for this section, only residential loans were used.

Residential Status for Kelowna Mortgage Applicants

The following table represents the residential status of people living in Kelowna who have applied for a mortgage using CanEquity's online mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 47.9%
Own: 41.9%
Other: 1.7%
No Comment: 5.1%
Live with parents: 3.4%
Kelowna Residential Status Pie Chart

Marital Stats for Kelowna Mortgage Applicants

The information below shows the marital status of applicants from Kelowna, British Columbia using the preapproval application located at canequity.com. In Kelowna, over 64% of the mortgage applicants are either married or living common-law, while only 35% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 49.6%
Single: 25.6%
Common-law: 14.5%
Divorced: 6.0%
Separated: 3.4%
Widowed: 0.9%
Kelowna Marital Status Pie Chart