Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | 18.52% | 0.01% |
| 2008: | 7.41% | 0.00% |
| 2007: | 3.70% | 0.00% |
| 2006: | 18.52% | 0.01% |
| 2005: | 37.04% | 0.02% |
| 2004: | 11.11% | 0.01% |
| 2003: | 3.70% | 0.00% |
The bar graph below compares the busy days for online applications that were received by CanEquity's web site. Each day is a representation of the combined 6-year total of all instances of that day. In Ladysmith, the day with the most volume, generating 22.22% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 7.41% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 22.2% | |
| 2: | Thursday: | 18.5% | |
| 3: | Monday: | 14.8% | |
| 4: | Wednesday: | 14.8% | |
| 5: | Friday: | 11.1% | |
| 6: | Sunday: | 11.1% | |
| 7: | Saturday: | 7.4% |
Mortgage applications are received 24 hours a day from the CanEquity web site. The graph shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years. Only 25.9% of all mortgages are received during the morning, while 63.0% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 7.4% |
| 02:00 to 02:59: | 3.7% |
| 09:00 to 09:59: | 11.1% |
| 10:00 to 10:59: | 11.1% |
| 11:00 to 11:59: | 3.7% |
| 13:00 to 13:59: | 3.7% |
| 14:00 to 14:59: | 3.7% |
| 15:00 to 15:59: | 3.7% |
| 16:00 to 16:59: | 18.5% |
| 18:00 to 18:59: | 3.7% |
| 19:00 to 19:59: | 3.7% |
| 20:00 to 20:59: | 7.4% |
| 21:00 to 21:59: | 3.7% |
| 22:00 to 22:59: | 11.1% |
| 23:00 to 23:59: | 3.7% |
| 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 | |
|---|---|---|
| 038: | PARKSVILLE, BC | 0.057% |
| 039: | GRAND FORKS, BC | 0.055% |
| 040: | SOOKE, BC | 0.053% |
| 041: | SECHELT, BC | 0.051% |
| 042: | KIMBERLEY, BC | 0.051% |
| 043: | LADYSMITH, BC | 0.051% |
| 044: | SQUAMISH, BC | 0.049% |
| 045: | TRAIL, BC | 0.049% |
| 046: | CASTLEGAR, BC | 0.047% |
| 047: | MERRITT, BC | 0.047% |
| 048: | COMOX, BC | 0.045% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 29.6% | |
| Refinance: | 25.9% | |
| No Money Down: | 14.8% | |
| First-time Buyer: | 7.4% | |
| Renewal: | 7.4% | |
| Commercial: | 3.7% | |
| Purchase: | 3.7% | |
| Investment: | 3.7% | |
| Transfer: | 3.7% | |
| Total Application Types Found: 9 | ||
Average age: 41
Oldest age: 65
Youngest age: 23
The figures below represent the average income of Canadians living in Ladysmith who have applied for a home loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Ladysmith: | $53,921.31 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($5,577.16) |
| mortgage co-applicants in Ladysmith: | $39,436.36 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($2,966.77) |
The chart and pie-graph below depicts the residential status of people living in Ladysmith who have applied for a mortgage using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 33.3% | |
| Own: | 63.0% | |
| No Comment: | 3.7% |
The information below shows the marital status of applicants from Ladysmith, British Columbia using the mortgage application found on the CanEquity Mortgage web site. In Ladysmith, approximately 81% of the mortgage applicants are either married or living common-law, while only 18% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 51.9% | |
| Common-law: | 29.6% | |
| Single: | 18.5% |
