Last report update for Kelowna: Wednesday, March 17, 2010
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Kelowna Mortgage
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Kelowna Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Inquiries from Kelowna

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%

Note: * These values are the percentages up to Wednesday, March 17, 2010. Estimated volume targets for the entire 2010 year are 15.49% and 0.05% respectively. ** Total national contribution of Kelowna mortgages in the past is currently 0.33% with a projected target of 0.37%.

Busy Months for Mortgage Applications within Kelowna

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%.

RankMonth 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%
Busy Months Report for Kelowna Mortgages

Busy Days for Applications within Kelowna

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%
Busy Days Report for Kelowna Mortgages

Peak Hours for Mortgage Applicants within Kelowna

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%
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: 21.10%
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%
Kelowna Mortgages

Current City Standing within British Columbia


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%

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: 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
 Kelowna Mortgage Product Popularity Pie Chart

Age Demographics for Kelowna Mortgage Applicants

Average age: 41
Oldest age: 74
Youngest age: 20


Incomes for Kelowna Mortgage Applicants

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)

Note: Commercial loans were not included for this report, only home loans were used.

Residential Status for Kelowna Based Mortgages

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%
Kelowna Residential Status Pie Chart

Marital Statistics for Kelowna Based Mortgages

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%
Kelowna Marital Status Pie Chart