Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Langley: Wednesday, February 8, 2012   
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Langley Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Online Applications from Langley

Year Year to Year
Comparison
** National
Contribution
2011: 9.17% 0.02%
2010: 12.50% 0.03%
2009: 13.33% 0.03%
2008: 11.67% 0.03%
2007: 9.17% 0.02%
2006: 10.83% 0.03%
2005: 10.83% 0.03%
2004: 5.83% 0.01%
2003: 12.50% 0.03%
2002: 4.17% 0.01%

Note: ** Total national contribution of Langley mortgages in the past is currently 0.23% with a projected target of 0.23%.

Busy Months for Online Mortgages within Langley

The following bar graph displays the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Langley seem to occur during our second quarter (represented by the green bars) with 29.17% while our slowest is the fourth quarter (represented by the red bars) with 14.17%.

RankMonth Percentage
of Inquiries
1: August: 13.3%
2: June: 12.5%
3: January: 11.7%
4: March: 11.7%
5: April: 10.0%
6: July: 8.3%
7: May: 6.7%
8: September: 6.7%
9: December: 5.0%
10: February: 5.0%
11: October: 5.0%
12: November: 4.2%
Busy Months Report for Langley Mortgages

Busy Days for Applications within Langley

The bar graph listed below shows the busy days for online inquiries 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 18.33% of all inquiries, is Wednesday. In comparison, Tuesday's are the slowest day with only 10.83% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Wednesday: 18.3%
2: Thursday: 17.5%
3: Saturday: 15.8%
4: Sunday: 14.2%
5: Monday: 11.7%
6: Friday: 11.7%
7: Tuesday: 10.8%
Busy Days Report for Langley Mortgages

Peak Hours for Mortgage Applicants within Langley

In Langley, applications are received 24 hours a day from 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. Only 15.8% of all mortgages are received before noon, while 77.5% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 1.7%
01:00 to 01:59: 3.3%
02:00 to 02:59: 1.7%
05:00 to 05:59: 1.7%
08:00 to 08:59: 1.7%
09:00 to 09:59: 0.8%
10:00 to 10:59: 5.8%
11:00 to 11:59: 5.8%
12:00 to 12:59: 7.5%
13:00 to 13:59: 9.2%
14:00 to 14:59: 4.2%
15:00 to 15:59: 5.8%
16:00 to 16:59: 6.7%
17:00 to 17:59: 6.7%
18:00 to 18:59: 5.0%
19:00 to 19:59: 10.0%
20:00 to 20:59: 5.0%
21:00 to 21:59: 5.8%
22:00 to 22:59: 9.2%
23:00 to 23:59: 2.5%
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: 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%
Langley Mortgages

Current City Standing within British Columbia


Location Contribution
009:  KAMLOOPS, BC 0.264%
010:  CHILLIWACK, BC 0.262%
011:  FORT ST JOHN, BC 0.247%
012:  COQUITLAM, BC 0.234%
013:  NORTH VANCOUVER, BC 0.228%
014:  LANGLEY, BC 0.227%
015:  NANAIMO, BC 0.215%
016:  MAPLE RIDGE, BC 0.174%
017:  DELTA, BC 0.174%
018:  NEW WESTMINSTER, BC 0.170%
019:  VERNON, BC 0.168%

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: 23.3%
Refinance: 20.0%
First-time Buyer: 13.3%
Renewal: 13.3%
Purchase: 10.0%
No Money Down: 6.7%
Second Mortgage: 4.2%
Low Doc: 1.7%
Pre-approval: 1.7%
Equity Mortgage: 1.7%
Investment: 1.7%
Variable Rate: 1.7%
Other: 0.8%
 
Total Application Types Found: 13
 Langley Mortgage Product Popularity Pie Chart

Age Demographics for Langley Originated Mortgages

Average age: 39
Oldest age: 74
Youngest age: 22


Incomes for Langley Originated Mortgages

The following figures show the average income of Canadians living in Langley who have applied for a loan using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Langley: $60,827.46
applicants within all of Canada: $59,498.47
Difference: $1,328.99
  
mortgage co-applicants in Langley: $38,685.86
co-applicants within all of Canada: $42,403.13
Difference: ($3,717.27)

Note: Commercial Mortgage loans were not included for this survey, only residential loans amounts were used.

Residential Status for Langley Applicants

The table and pie chart below represents the residential status of people living in Langley who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 35.0%
Own: 55.8%
Other: 1.7%
No Comment: 3.3%
Live with parents: 4.2%
Langley Residential Status Pie Chart

Marital Stats for Langley Applicants

The following pie chart represents the marital status of applicants from Langley, British Columbia using the mortgage preapproval application found on canequity.com. 59% of the mortgage applicants are either married or living common-law, while only 36% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 50.0%
Single: 28.3%
Common-law: 9.2%
Divorced: 5.0%
Widowed: 4.2%
Separated: 3.3%
Langley Marital Status Pie Chart