Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 6.52% | 0.01% |
| 2010: | 8.70% | 0.01% |
| 2009: | 10.87% | 0.02% |
| 2008: | 17.39% | 0.03% |
| 2007: | 8.70% | 0.01% |
| 2006: | 11.96% | 0.02% |
| 2005: | 10.87% | 0.02% |
| 2004: | 11.96% | 0.02% |
| 2003: | 9.78% | 0.02% |
| 2002: | 3.26% | 0.01% |
The bar graph below depicts the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Maple Ridge seem to occur during our first quarter (represented by the brown bars) with 34.78% while our slowest is the fourth quarter (represented by the red bars) with 14.13%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 18.5% | |
| 2: | May: | 16.3% | |
| 3: | July: | 8.7% | |
| 4: | March: | 8.7% | |
| 5: | September: | 8.7% | |
| 6: | February: | 7.6% | |
| 7: | April: | 6.5% | |
| 8: | August: | 5.4% | |
| 9: | June: | 5.4% | |
| 10: | October: | 5.4% | |
| 11: | November: | 4.3% | |
| 12: | December: | 4.3% |
The information listed below plots the busy days for mortgage applications that were received by CanEquity's web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Maple Ridge the busiest day, with approximately 18.48% of all submissions, is Thursday. In comparison, Saturday's are the slowest day with only 8.70% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 18.5% | |
| 2: | Monday: | 16.3% | |
| 3: | Friday: | 16.3% | |
| 4: | Wednesday: | 16.3% | |
| 5: | Sunday: | 13.0% | |
| 6: | Tuesday: | 10.9% | |
| 7: | Saturday: | 8.7% |
Maple Ridge mortgage applications are received 24 hours a day from the CanEquity web site. The graph shown below indicates the busy hours in the day. The data is taken from all days of all years. Only 13.0% of all mortgages are received during the morning, while 80.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.3% |
| 01:00 to 01:59: | 3.3% |
| 03:00 to 03:59: | 1.1% |
| 08:00 to 08:59: | 2.2% |
| 09:00 to 09:59: | 2.2% |
| 10:00 to 10:59: | 2.2% |
| 11:00 to 11:59: | 5.4% |
| 12:00 to 12:59: | 4.3% |
| 13:00 to 13:59: | 4.3% |
| 14:00 to 14:59: | 10.9% |
| 15:00 to 15:59: | 13.0% |
| 16:00 to 16:59: | 4.3% |
| 17:00 to 17:59: | 8.7% |
| 18:00 to 18:59: | 5.4% |
| 19:00 to 19:59: | 3.3% |
| 20:00 to 20:59: | 7.6% |
| 21:00 to 21:59: | 5.4% |
| 22:00 to 22:59: | 9.8% |
| 23:00 to 23:59: | 3.3% |
| 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 | |
|---|---|---|
| 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% |
| 020: | DAWSON CREEK, BC | 0.119% |
| 021: | PENTICTON, BC | 0.100% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 23.9% | |
| Renewal: | 17.4% | |
| No Money Down: | 15.2% | |
| Purchase: | 14.1% | |
| Refinance: | 13.0% | |
| First-time Buyer: | 7.6% | |
| Low Doc: | 2.2% | |
| Commercial: | 1.1% | |
| Second Mortgage: | 1.1% | |
| Equity Mortgage: | 1.1% | |
| Investment: | 1.1% | |
| Transfer: | 1.1% | |
| Variable Rate: | 1.1% | |
| Total Application Types Found: 13 | ||
Average age: 40
Oldest age: 62
Youngest age: 19
The figures below represent the average income of Canadians living in Maple Ridge who have applied for a loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Maple Ridge: | $57,525.07 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($1,973.40) |
| mortgage co-applicants in Maple Ridge: | $42,868.69 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $465.56 |
The information shown below represents the residential status of people living in Maple Ridge who have applied for a mortgage using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 38.0% | |
| Own: | 56.5% | |
| Other: | 1.1% | |
| No Comment: | 1.1% | |
| Live with parents: | 3.3% |
The following information represents the marital status of applicants from Maple Ridge, British Columbia using the preapproval application located at the CanEquity web site. Over 60% of the mortgage applicants are either married or living common-law, while only 38% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 51.1% | |
| Single: | 26.1% | |
| Common-law: | 9.8% | |
| Separated: | 6.5% | |
| Divorced: | 5.4% | |
| Widowed: | 1.1% |
