Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | 4.35% | 0.00% |
| 2009: | 30.43% | 0.01% |
| 2008: | 8.70% | 0.00% |
| 2007: | 4.35% | 0.00% |
| 2006: | 17.39% | 0.01% |
| 2005: | 13.04% | 0.01% |
| 2004: | 4.35% | 0.00% |
| 2003: | 8.70% | 0.00% |
| 2002: | 8.70% | 0.00% |
Mortgage applications are received 24 hours a day via the CanEquity web site. The information shown below indicates the peak 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: | 4.3% |
| 02:00 to 02:59: | 4.3% |
| 09:00 to 09:59: | 4.3% |
| 11:00 to 11:59: | 13.0% |
| 12:00 to 12:59: | 17.4% |
| 14:00 to 14:59: | 4.3% |
| 16:00 to 16:59: | 4.3% |
| 17:00 to 17:59: | 4.3% |
| 18:00 to 18:59: | 8.7% |
| 19:00 to 19:59: | 4.3% |
| 20:00 to 20:59: | 8.7% |
| 21:00 to 21:59: | 8.7% |
| 22:00 to 22:59: | 8.7% |
| 23:00 to 23:59: | 4.3% |
| 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 | |
|---|---|---|
| 045: | TRAIL, BC | 0.049% |
| 046: | CASTLEGAR, BC | 0.047% |
| 047: | MERRITT, BC | 0.047% |
| 048: | COMOX, BC | 0.045% |
| 049: | SPARWOOD, BC | 0.045% |
| 050: | KITIMAT, BC | 0.043% |
| 051: | PRINCE RUPERT, BC | 0.043% |
| 052: | PITT MEADOWS, BC | 0.043% |
| 053: | POWELL RIVER, BC | 0.043% |
| 054: | WHITE ROCK, BC | 0.042% |
| 055: | ALDERGROVE, BC | 0.042% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 21.7% | |
| Refinance: | 17.4% | |
| First-time Buyer: | 13.0% | |
| Renewal: | 13.0% | |
| Purchase: | 13.0% | |
| No Money Down: | 8.7% | |
| Commercial: | 4.3% | |
| Equity Mortgage: | 4.3% | |
| Variable Rate: | 4.3% | |
| Total Application Types Found: 9 | ||
Average age: 40
Oldest age: 59
Youngest age: 26
The numbers below represent the average income of Canadians living in Kitimat who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Kitimat: | $71,399.59 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $11,901.13 |
| mortgage co-applicants in Kitimat: | $37,300.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($5,103.13) |
The following table represents the residential status of people living in Kitimat who have submitted an inquiry using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 34.8% | |
| Own: | 60.9% | |
| No Comment: | 4.3% |
The following pie chart represents the marital status of applicants from Kitimat, British Columbia using the online mortgage application found on the CanEquity Mortgage web site. Over 78% of the mortgage applicants are living together with someone, while only 21% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 65.2% | |
| Common-law: | 13.0% | |
| Single: | 13.0% | |
| Divorced: | 8.7% |
