Last report update for Langley: Tuesday, May 6, 2008
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Langley Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Online Mortgages from Langley

Year Year to Year
Comparison
** National
Contribution
2008: * 8.57% * 0.02%
2007: 15.71% 0.04%
2006: 18.57% 0.04%
2005: 18.57% 0.04%
2004: 10.00% 0.02%
2003: 21.43% 0.05%
2002: 7.14% 0.02%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 21.43% and 0.05% respectively. ** Total national contribution of Langley mortgages in the past is currently 0.23% with a projected target of 0.26%.

Busy Months for Online Applications within Langley

The following illustrates the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Langley happen to occur during our first quarter (represented by the brown bars) with 30.00% while our slowest is the fourth quarter (represented by the red bars) with 14.29%.

RankMonth Percentage
of Inquiries
1: January: 12.9%
2: March: 12.9%
3: April: 11.4%
4: August: 11.4%
5: July: 10.0%
6: June: 10.0%
7: May: 7.1%
8: October: 7.1%
9: September: 5.7%
10: December: 4.3%
11: February: 4.3%
12: November: 2.9%
Busy Months Report for Langley Mortgages

Busy Days for Applications within Langley

The bar graph below plots the busy days for Internet mortgage applications that were received by CanEquity. Each day represents a combined total of all occurrences of that day in the past 5 years. In Langley, the day with the most volume, having more than 21.43% of all submissions, is Thursday. In comparison, Saturday's are the slowest day with only 11.43% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Thursday: 21.4%
2: Wednesday: 15.7%
3: Sunday: 14.3%
4: Monday: 12.9%
5: Tuesday: 12.9%
6: Friday: 11.4%
7: Saturday: 11.4%
Busy Days Report for Langley Mortgages

Peak Hours for Mortgage Applicants within Langley

Langley mortgage applications are received 24 hours a day on the CanEquity web site. The information shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 20.0% of all mortgages are received during the morning, while 74.3% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 1.4%
01:00 to 01:59: 2.9%
02:00 to 02:59: 1.4%
05:00 to 05:59: 1.4%
08:00 to 08:59: 2.9%
09:00 to 09:59: 1.4%
10:00 to 10:59: 7.1%
11:00 to 11:59: 7.1%
12:00 to 12:59: 4.3%
13:00 to 13:59: 10.0%
14:00 to 14:59: 4.3%
15:00 to 15:59: 2.9%
16:00 to 16:59: 8.6%
17:00 to 17:59: 5.7%
18:00 to 18:59: 7.1%
19:00 to 19:59: 10.0%
20:00 to 20:59: 1.4%
21:00 to 21:59: 7.1%
22:00 to 22:59: 10.0%
23:00 to 23:59: 2.9%
Peak Hours Graph for Mortgages in Langley

Note: Only hours that have had mortgages from Langley, British Columbia are shown.

British Columbia Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
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%
Langley Mortgages

Current City Standing within British Columbia


Location Contribution
010:  COQUITLAM, BC 0.283%
011:  NORTH VANCOUVER, BC 0.273%
012:  PRINCE GEORGE, BC 0.273%
013:  FORT ST JOHN, BC 0.253%
014:  NANAIMO, BC 0.243%
015:  LANGLEY, BC 0.233%
016:  MAPLE RIDGE, BC 0.203%
017:  DELTA, BC 0.193%
018:  NEW WESTMINSTER, BC 0.180%
019:  VERNON, BC 0.176%
020:  PENTICTON, BC 0.136%

Nearest Settlements


1Fort Langley, British Columbia
2Deroche, British Columbia
3Maple Ridge, British Columbia
4Mission, British Columbia
5Haney, British Columbia
6Chilliwack, British Columbia
7Port Coquitlam, British Columbia
8Agassiz, British Columbia
9Coquitlam, British Columbia
10Pitt Meadows, British Columbia
11Rosedale, British Columbia
12Abbotsford, British Columbia
13Clearbrook, British Columbia
14Aldergrove, British Columbia
15Sardis, British Columbia
16Hope, British Columbia
17White Rock, British Columbia
18Port Moody, British Columbia
19Surrey, British Columbia
20New Westminster, British Columbia


Product Popularity for Langley


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 25.7%
Refinance: 24.3%
First-time Buyer: 17.1%
Renewal: 15.7%
Second Mortgage: 4.3%
No Money Down: 2.9%
Purchase: 2.9%
Investment: 2.9%
Variable Rate: 2.9%
Low Doc: 1.4%
 
Total Application Types Found: 10
 Langley Mortgage Product Popularity Pie Chart

Age Demographics for Langley Mortgages

Average age: 38
Oldest age: 74
Youngest age: 22


Incomes for Langley Mortgages

The amounts shown below represent the average income of applicants living in Langley who have submitted an inquiry using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Langley: $62,559.32
applicants within all of Canada: $56,347.50
Difference: $6,211.82
  
mortgage co-applicants in Langley: $40,978.00
co-applicants within all of Canada: $39,330.70
Difference: $1,647.30

Note: Commercial Mortgage loans were not included for this section, only residential loans amounts from Langley, British Columbia were used.

Residential Status for Langley Mortgage Applicants

The following depicts the residential status of people living in Langley who have submitted an inquiry using CanEquity's online mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 28.6%
Own: 60.0%
Other: 1.4%
No Comment: 4.3%
Live with parents: 5.7%
Langley Residential Status Pie Chart

Marital Statistics for Langley Mortgage Applicants

The information below shows the marital status of applicants from Langley, British Columbia using the mortgage application located at the CanEquity web site. In Langley, 60% of the mortgage applicants are living common-law or married, while only 35% are not married or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 50.0%
Single: 28.6%
Common-law: 10.0%
Divorced: 4.3%
Widowed: 4.3%
Separated: 2.9%
Langley Marital Status Pie Chart