Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| 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% |
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%.
| Rank | Month | 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% |
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% |
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% |
| 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 | |
|---|---|---|
| 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% |
| 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 | ||
Average age: 39
Oldest age: 74
Youngest age: 22
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) |
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% |
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% |
