Kelowna Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| 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% |
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%.
| Rank | Month | 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% |
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% |
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% |
| 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% |
| 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% |
| 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 | ||
Average age: 39
Oldest age: 74
Youngest age: 20
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) |
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% |
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% |
