Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 16.00% | 0.01% |
| 2010: | 12.00% | 0.01% |
| 2009: | 12.00% | 0.01% |
| 2008: | 12.00% | 0.01% |
| 2006: | 20.00% | 0.01% |
| 2005: | 8.00% | 0.00% |
| 2004: | 8.00% | 0.00% |
| 2003: | 8.00% | 0.00% |
| 2002: | 4.00% | 0.00% |
The information below displays the busy days for mortgage inquiries that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Merritt, the day with the most volume, having more than 20.00% of all inquiries, is Wednesday. In comparison, Sunday's are the slowest day with only 8.00% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 20.0% | |
| 2: | Monday: | 16.0% | |
| 3: | Saturday: | 16.0% | |
| 4: | Thursday: | 16.0% | |
| 5: | Tuesday: | 12.0% | |
| 6: | Friday: | 12.0% | |
| 7: | Sunday: | 8.0% |
Merritt mortgage applications are received 24 hours a day on the CanEquity web site. The time periods below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 28.0% of all mortgages are received during the morning, while 68.0% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 4.0% |
| 03:00 to 03:59: | 4.0% |
| 08:00 to 08:59: | 8.0% |
| 10:00 to 10:59: | 12.0% |
| 11:00 to 11:59: | 4.0% |
| 12:00 to 12:59: | 16.0% |
| 13:00 to 13:59: | 8.0% |
| 15:00 to 15:59: | 8.0% |
| 16:00 to 16:59: | 8.0% |
| 17:00 to 17:59: | 8.0% |
| 20:00 to 20:59: | 4.0% |
| 21:00 to 21:59: | 12.0% |
| 23:00 to 23:59: | 4.0% |
| 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 | |
|---|---|---|
| 042: | KIMBERLEY, BC | 0.051% |
| 043: | LADYSMITH, BC | 0.051% |
| 044: | SQUAMISH, BC | 0.049% |
| 045: | TRAIL, BC | 0.049% |
| 046: | CASTLEGAR, BC | 0.047% |
| 047: | MERRITT, BC | 0.047% |
| 048: | COMOX, BC | 0.045% |
| 049: | SPARWOOD, BC | 0.045% |
| 050: | KITIMAT, BC | 0.043% |
| 051: | PRINCE RUPERT, BC | 0.043% |
| 052: | PITT MEADOWS, BC | 0.043% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 40.0% | |
| Purchase: | 16.0% | |
| Renewal: | 12.0% | |
| First-time Buyer: | 12.0% | |
| No Money Down: | 8.0% | |
| Pre-approval: | 8.0% | |
| Refinance: | 4.0% | |
| Total Application Types Found: 7 | ||
Average age: 45
Oldest age: 71
Youngest age: 31
The following depicts the average income of Canadians living in Merritt who have applied for a loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Merritt: | $52,164.83 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($7,333.63) |
The table and pie chart below represents the residential status of people living in Merritt 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: | 44.0% | |
| Own: | 52.0% | |
| Other: | 4.0% |
The pie chart below represents the marital status of applicants from Merritt, British Columbia using the mortgage preapproval application found on the CanEquity Mortgage web site. Over 56% of the mortgage applicants are living common-law or married, while only 40% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 44.0% | |
| Single: | 28.0% | |
| Common-law: | 12.0% | |
| Divorced: | 8.0% | |
| Separated: | 4.0% | |
| Widowed: | 4.0% |
