Last report update for Merritt: Tuesday, May 6, 2008
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Related Links:
Chase
Falkland
Kamloops
Kelowna
Oyama
Peachland
Salmon Arm
Vernon
Westbank
Winfield

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Merritt Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Inquiries from Merritt

Year Year to Year
Comparison
** National
Contribution
2008: * 14.29% * 0.01%
2006: 35.71% 0.02%
2005: 14.29% 0.01%
2004: 14.29% 0.01%
2003: 14.29% 0.01%
2002: 7.14% 0.00%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 35.71% and 0.02% respectively. ** Total national contribution of Merritt mortgages in the past is currently 0.05% with a projected target of 0.06%.

Current City Standing within British Columbia


Location Contribution
043:  ALDERGROVE, BC 0.050%
044:  FORT NELSON, BC 0.050%
045:  CRESTON, BC 0.047%
046:  KITIMAT, BC 0.047%
047:  SPARWOOD, BC 0.047%
048:  MERRITT, BC 0.047%
049:  SQUAMISH, BC 0.047%
050:  WEST VANCOUVER, BC 0.047%
051:  SALT SPRING ISLAND, BC 0.043%
052:  KIMBERLEY, BC 0.043%
053:  POWELL RIVER, BC 0.043%

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: 42.9%
Renewal: 14.3%
No Money Down: 14.3%
First-time Buyer: 14.3%
Refinance: 7.1%
Purchase: 7.1%
 
Total Application Types Found: 6
 Merritt Mortgage Product Popularity Pie Chart

Age Demographics for Merritt Based Mortgages

Average age: 45
Oldest age: 60
Youngest age: 31


Incomes for Merritt Based Mortgages

The amounts shown below represent the average income of Canadians living in Merritt who have applied for a loan using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Merritt: $57,004.07
applicants within all of Canada: $56,347.50
Difference: $656.58
  

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

Residential Status for Merritt Originated Mortgages

The information shown below represents the residential status of people living in Merritt who have applied for a mortgage loan using the online application located at the CanEquity web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 35.7%
Own: 57.1%
Other: 7.1%
Merritt Residential Status Pie Chart

Marital Statistics for Merritt Originated Mortgages

The information below shows the marital status of applicants from Merritt, British Columbia using the mortgage application found on the CanEquity Mortgage web site. In Merritt, 64% of the mortgage applicants are living common-law or married, while only 35% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 64.3%
Single: 35.7%
Merritt Marital Status Pie Chart