Last report update for Merritt: Wednesday, March 10, 2010
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Merritt Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Received from Merritt

Year Year to Year
Comparison
** National
Contribution
2009: 16.67% 0.01%
2008: 16.67% 0.01%
2006: 27.78% 0.01%
2005: 11.11% 0.01%
2004: 11.11% 0.01%
2003: 11.11% 0.01%
2002: 5.56% 0.00%

Note: ** Total national contribution of Merritt mortgages in the past is currently 0.04% with a projected target of 0.04%.

British Columbia Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.11%
British Columbia 10.88%
Manitoba: 2.09%
New Brunswick: 2.10%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.88%
Northwest Territories: 0.31%
Nunavut: 0.08%
Ontario: 48.85%
Prince Edward Island: 0.44%
Quebec: 4.14%
Saskatchewan: 5.06%
Yukon Territories: 0.26%
Merritt Mortgages

Current City Standing within British Columbia


Location Contribution
044:  CASTLEGAR, BC 0.049%
045:  POWELL RIVER, BC 0.047%
046:  WHITE ROCK, BC 0.045%
047:  FORT NELSON, BC 0.042%
048:  CRESTON, BC 0.042%
049:  MERRITT, BC 0.042%
050:  SIDNEY, BC 0.042%
051:  COMOX, BC 0.040%
052:  AGASSIZ, BC 0.040%
053:  PRINCE RUPERT, BC 0.040%
054:  SPARWOOD, BC 0.040%

Nearest Settlements


1Oyama, British Columbia
2Winfield, British Columbia
3Westbank, British Columbia
4Falkland, British Columbia
5Kelowna, British Columbia
6Vernon, British Columbia
7Salmon Arm, British Columbia
8Chase, British Columbia
9Kamloops, British Columbia
10Peachland, British Columbia
11Pritchard, British Columbia
12Coldstream, British Columbia
13Armstrong, British Columbia
14Blind Bay, British Columbia
15Naramata, British Columbia
16Enderby, British Columbia
17Sorrento, British Columbia
18Summerland, British Columbia
19Celista, British Columbia
20Savona, British Columbia


Product Popularity for Merritt


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 44.4%
Renewal: 11.1%
Purchase: 11.1%
No Money Down: 11.1%
First-time Buyer: 11.1%
Refinance: 5.6%
Pre-approval: 5.6%
 
Total Application Types Found: 7
 Merritt Mortgage Product Popularity Pie Chart

Age Demographics for Merritt Mortgage Applicants

Average age: 47
Oldest age: 71
Youngest age: 31


Incomes for Merritt Mortgage Applicants

The amounts below are the average income of Canadians living in Merritt who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.

Average annual gross income for
mortgage applicants in Merritt: $53,739.72
applicants within all of Canada: $58,582.76
Difference: ($4,843.04)
  

Note: Commercial loans were not included for this section, only residential mortgage loan amounts from Merritt, British Columbia were used.

Residential Status for Merritt Mortgages

The pie chart below shows the residential status of people living in Merritt who have applied for a mortgage using the pre-approval application on CanEquity's web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 38.9%
Own: 55.6%
Other: 5.6%
Merritt Residential Status Pie Chart

Marital Status for Merritt Mortgages

The following table and pie chart represents the marital status of applicants from Merritt, British Columbia using the online mortgage application located at the CanEquity web site. In Merritt, 61% of the mortgage applicants are living together with someone, while only 33% are not married or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 55.6%
Single: 27.8%
Divorced: 5.6%
Common-law: 5.6%
Widowed: 5.6%
Merritt Marital Status Pie Chart