Kelowna Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 3.52% | * 0.01% |
| 2009: | 11.97% | 0.04% |
| 2008: | 6.34% | 0.02% |
| 2007: | 15.49% | 0.05% |
| 2006: | 17.61% | 0.06% |
| 2005: | 9.86% | 0.03% |
| 2004: | 10.56% | 0.04% |
| 2003: | 17.61% | 0.06% |
| 2002: | 7.04% | 0.02% |
The 6-year bar graph below illustrates the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Kelowna happen to occur during our first quarter (represented by the brown bars) with 33.80% while our slowest is the fourth quarter (represented by the red bars) with 17.61%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 14.8% | |
| 2: | March: | 12.7% | |
| 3: | May: | 10.6% | |
| 4: | April: | 9.9% | |
| 5: | August: | 9.2% | |
| 6: | June: | 8.4% | |
| 7: | November: | 7.0% | |
| 8: | October: | 7.0% | |
| 9: | February: | 6.3% | |
| 10: | July: | 6.3% | |
| 11: | September: | 4.2% | |
| 12: | December: | 3.5% |
The bar graph listed below illustrates the busy days for Internet applications that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Kelowna the busiest day of the week, with 20.42% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 8.45% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 20.4% | |
| 2: | Tuesday: | 16.9% | |
| 3: | Sunday: | 16.9% | |
| 4: | Wednesday: | 14.8% | |
| 5: | Thursday: | 14.1% | |
| 6: | Friday: | 8.4% | |
| 7: | Saturday: | 8.4% |
In Kelowna, applications are received 24 hours a day from the CanEquity web site. The report shown below represents the peak hours within a 24-hour period. The data is taken from all days of all years. Only 19.0% of all mortgages are received before noon, while 76.8% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 2.1% |
| 01:00 to 01:59: | 1.4% |
| 02:00 to 02:59: | 0.7% |
| 05:00 to 05:59: | 0.7% |
| 06:00 to 06:59: | 0.7% |
| 07:00 to 07:59: | 2.1% |
| 08:00 to 08:59: | 2.8% |
| 09:00 to 09:59: | 2.1% |
| 10:00 to 10:59: | 4.2% |
| 11:00 to 11:59: | 6.3% |
| 12:00 to 12:59: | 9.2% |
| 13:00 to 13:59: | 4.9% |
| 14:00 to 14:59: | 7.7% |
| 15:00 to 15:59: | 3.5% |
| 16:00 to 16:59: | 4.2% |
| 17:00 to 17:59: | 7.0% |
| 18:00 to 18:59: | 3.5% |
| 19:00 to 19:59: | 9.9% |
| 20:00 to 20:59: | 4.2% |
| 21:00 to 21:59: | 11.3% |
| 22:00 to 22:59: | 6.3% |
| 23:00 to 23:59: | 4.9% |
| 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% |
| Location | Contribution | |
|---|---|---|
| 001: | VANCOUVER, BC | 1.063% |
| 002: | SURREY, BC | 0.763% |
| 003: | VICTORIA, BC | 0.728% |
| 004: | BURNABY, BC | 0.359% |
| 005: | KELOWNA, BC | 0.333% |
| 006: | ABBOTSFORD, BC | 0.303% |
| 007: | CHILLIWACK, BC | 0.275% |
| 008: | PRINCE GEORGE, BC | 0.272% |
| 009: | RICHMOND, BC | 0.270% |
| 010: | KAMLOOPS, BC | 0.265% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 32.4% | |
| Refinance: | 15.5% | |
| First-time Buyer: | 14.8% | |
| No Money Down: | 12.0% | |
| Renewal: | 12.0% | |
| Purchase: | 3.5% | |
| Variable Rate: | 3.5% | |
| Pre-approval: | 2.8% | |
| Equity Mortgage: | 1.4% | |
| Other: | 2.1% | |
| Total Application Types Found: 12 | ||
Average age: 41
Oldest age: 74
Youngest age: 20
The following figures show the average income of Canadians living in Kelowna who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Kelowna: | $61,222.02 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $2,639.64 |
| mortgage co-applicants in Kelowna: | $31,398.70 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | ($9,827.12) |
The information below represents the residential status of people living in Kelowna who have applied for a home loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 44.4% | |
| Own: | 47.2% | |
| Other: | 1.4% | |
| No Comment: | 4.2% | |
| Live with parents: | 2.8% |
The following information represents the marital status of applicants from Kelowna, British Columbia using the mortgage application found on canequity.com. In Kelowna, 65% of the mortgage applicants are either married or living common-law, while only 33% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.0% | |
| Single: | 25.4% | |
| Common-law: | 15.5% | |
| Divorced: | 5.6% | |
| Separated: | 2.8% | |
| Widowed: | 0.7% |
