Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 7.02% | 0.01% |
| 2010: | 7.89% | 0.02% |
| 2009: | 14.91% | 0.03% |
| 2008: | 10.53% | 0.02% |
| 2007: | 14.91% | 0.03% |
| 2006: | 8.77% | 0.02% |
| 2005: | 12.28% | 0.03% |
| 2004: | 7.02% | 0.01% |
| 2003: | 11.40% | 0.03% |
| 2002: | 5.26% | 0.01% |
The graph below displays the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Nanaimo mostly occur during our second quarter (represented by the green bars) with 29.82% while our slowest is the fourth quarter (represented by the red bars) with 15.79%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 14.9% | |
| 2: | September: | 13.2% | |
| 3: | January: | 10.5% | |
| 4: | August: | 8.8% | |
| 5: | May: | 7.9% | |
| 6: | February: | 7.9% | |
| 7: | November: | 7.0% | |
| 8: | July: | 7.0% | |
| 9: | March: | 7.0% | |
| 10: | June: | 7.0% | |
| 11: | December: | 5.3% | |
| 12: | October: | 3.5% |
The bar graph below illustrates the busy days for online mortgage applications that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In Nanaimo the most busy day of the week, with 21.05% of all inquiries, is Monday. In comparison, Sunday's are the slowest day with only 7.89% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 21.1% | |
| 2: | Tuesday: | 16.7% | |
| 3: | Wednesday: | 15.8% | |
| 4: | Thursday: | 15.8% | |
| 5: | Friday: | 14.0% | |
| 6: | Saturday: | 8.8% | |
| 7: | Sunday: | 7.9% |
In Nanaimo, applications are received 24 hours a day from our web site. The following indicates the rush hours in the day. The data is taken from all days of all years. Only 22.8% of all mortgages are received during the morning, while 71.9% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 4.4% |
| 02:00 to 02:59: | 0.9% |
| 05:00 to 05:59: | 0.9% |
| 08:00 to 08:59: | 1.8% |
| 09:00 to 09:59: | 8.8% |
| 10:00 to 10:59: | 5.3% |
| 11:00 to 11:59: | 6.1% |
| 12:00 to 12:59: | 8.8% |
| 13:00 to 13:59: | 2.6% |
| 14:00 to 14:59: | 5.3% |
| 15:00 to 15:59: | 7.9% |
| 16:00 to 16:59: | 5.3% |
| 17:00 to 17:59: | 8.8% |
| 18:00 to 18:59: | 6.1% |
| 19:00 to 19:59: | 4.4% |
| 20:00 to 20:59: | 4.4% |
| 21:00 to 21:59: | 6.1% |
| 22:00 to 22:59: | 5.3% |
| 23:00 to 23:59: | 7.0% |
| 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 | |
|---|---|---|
| 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% |
| 020: | DAWSON CREEK, BC | 0.119% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 28.1% | |
| Qualification: | 22.8% | |
| No Money Down: | 14.0% | |
| Renewal: | 13.2% | |
| First-time Buyer: | 9.6% | |
| Purchase: | 7.0% | |
| Low Doc: | 2.6% | |
| Pre-approval: | 0.9% | |
| Equity Mortgage: | 0.9% | |
| Investment: | 0.9% | |
| Total Application Types Found: 10 | ||
Average age: 40
Oldest age: 72
Youngest age: 19
The information below represents the average income of Canadians living in Nanaimo who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Nanaimo: | $49,893.83 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($9,604.63) |
| mortgage co-applicants in Nanaimo: | $30,973.21 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($11,429.92) |
The chart and pie-graph below depicts the residential status of people living in Nanaimo who have applied for a loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 35.1% | |
| Own: | 58.8% | |
| Other: | 1.8% | |
| No Comment: | 1.8% | |
| Live with parents: | 2.6% |
The information below shows the marital status of applicants from Nanaimo, British Columbia using the mortgage preapproval application found on the CanEquity Mortgage web site. In Nanaimo, approximately 64% of the mortgage applicants are living with someone, while only 34% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.9% | |
| Single: | 22.8% | |
| Common-law: | 13.2% | |
| Separated: | 7.0% | |
| Divorced: | 4.4% | |
| Widowed: | 1.8% |
