Last report update for Nanaimo: Friday, May 16, 2008
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Nanaimo Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages from Nanaimo

Year Year to Year
Comparison
** National
Contribution
2008: * 6.85% * 0.02%
2007: 23.29% 0.06%
2006: 13.70% 0.03%
2005: 19.18% 0.05%
2004: 10.96% 0.03%
2003: 17.81% 0.04%
2002: 8.22% 0.02%

Note: * These values are the percentages up to Friday, May 16, 2008. Estimated volume targets for the entire 2008 year are 16.44% and 0.04% respectively. ** Total national contribution of Nanaimo mortgages in the past is currently 0.24% with a projected target of 0.26%.

Busy Months for Online Mortgages within Nanaimo

The following bar graph represents the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Nanaimo seem to occur during our first quarter (represented by the brown bars) with 31.51% while our slowest is the fourth quarter (represented by the red bars) with 13.70%.

RankMonth Percentage
of Inquiries
1: April: 16.4%
2: January: 13.7%
3: September: 13.7%
4: February: 9.6%
5: August: 8.2%
6: March: 8.2%
7: November: 6.8%
8: May: 6.8%
9: July: 6.8%
10: October: 4.1%
11: December: 2.7%
12: June: 2.7%
Busy Months Report for Nanaimo Mortgages

Busy Days for Applications within Nanaimo

The bar graph listed below plots the busy days for online inquiries that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Nanaimo the most busy day of the week, with 21.92% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 8.22% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Tuesday: 21.9%
2: Thursday: 21.9%
3: Friday: 15.1%
4: Monday: 13.7%
5: Wednesday: 11.0%
6: Sunday: 8.2%
7: Saturday: 8.2%
Busy Days Report for Nanaimo Mortgages

Peak Hours for Mortgage Applicants within Nanaimo

Applications are received 24 hours a day on our web site. The following represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 23.3% of all mortgages are received during the morning, while 72.6% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 4.1%
05:00 to 05:59: 1.4%
08:00 to 08:59: 1.4%
09:00 to 09:59: 8.2%
10:00 to 10:59: 6.8%
11:00 to 11:59: 5.5%
12:00 to 12:59: 9.6%
13:00 to 13:59: 4.1%
14:00 to 14:59: 6.8%
15:00 to 15:59: 6.8%
16:00 to 16:59: 4.1%
17:00 to 17:59: 5.5%
18:00 to 18:59: 5.5%
19:00 to 19:59: 4.1%
20:00 to 20:59: 5.5%
21:00 to 21:59: 6.8%
22:00 to 22:59: 5.5%
23:00 to 23:59: 8.2%
Peak Hours Graph for Mortgages in Nanaimo

Note: Only hours that have had mortgages from Nanaimo, British Columbia are shown.

British Columbia Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
British Columbia 11.46%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.78%
Northwest Territories: 0.30%
Nunavut: 0.09%
Ontario: 48.63%
Prince Edward Island: 0.36%
Quebec: 3.80%
Saskatchewan: 5.59%
Yukon Territories: 0.21%
Nanaimo Mortgages

Current City Standing within British Columbia


Location Contribution
009:  CHILLIWACK, BC 0.287%
010:  COQUITLAM, BC 0.281%
011:  PRINCE GEORGE, BC 0.274%
012:  NORTH VANCOUVER, BC 0.271%
013:  FORT ST JOHN, BC 0.251%
014:  NANAIMO, BC 0.241%
015:  LANGLEY, BC 0.235%
016:  MAPLE RIDGE, BC 0.205%
017:  DELTA, BC 0.192%
018:  NEW WESTMINSTER, BC 0.178%
019:  VERNON, BC 0.175%

Nearest Settlements


1Gabriola, British Columbia
2Errington, British Columbia
3Nanoose Bay, British Columbia
4Port Alberni, British Columbia
5Qualicum Beach, British Columbia
6Ladysmith, British Columbia
7Parksville, British Columbia
8Chemainus, British Columbia
9Denman Island, British Columbia
10Cobble Hill, British Columbia
11Lake Cowichan, British Columbia
12Cumberland, British Columbia
13Duncan, British Columbia
14Lazo, British Columbia
15Comox, British Columbia
16Galiano Island, British Columbia
17Courtenay, British Columbia
18Galiano, British Columbia


Product Popularity for Nanaimo


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 31.5%
Qualification: 24.7%
No Money Down: 13.7%
Renewal: 12.3%
First-time Buyer: 9.6%
Purchase: 2.7%
Low Doc: 1.4%
Pre-approval: 1.4%
Equity Mortgage: 1.4%
Investment: 1.4%
 
Total Application Types Found: 10
 Nanaimo Mortgage Product Popularity Pie Chart

Age Demographics for Nanaimo Mortgage Applicants

Average age: 40
Oldest age: 69
Youngest age: 19


Incomes for Nanaimo Mortgage Applicants

The following depicts the average income of applicants living in Nanaimo who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.

Average annual gross income for
mortgage applicants in Nanaimo: $48,913.47
applicants within all of Canada: $56,403.93
Difference: ($7,490.45)
  
mortgage co-applicants in Nanaimo: $30,702.23
co-applicants within all of Canada: $39,395.85
Difference: ($8,693.62)

Note: Commercial loans were not included for this report, only residential mortgages were used.

Residential Status for Nanaimo Based Mortgages

The table and pie chart below represents the residential status of people living in Nanaimo who have applied for a home loan using CanEquity's preapproval application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 34.2%
Own: 58.9%
Other: 2.7%
No Comment: 2.7%
Live with parents: 1.4%
Nanaimo Residential Status Pie Chart

Marital Status for Nanaimo Based Mortgages

The pie chart below represents the marital status of applicants from Nanaimo, British Columbia using the mortgage application found on the CanEquity Mortgage web site. Over 60% of the mortgage applicants are living common-law or married, while only 36% are not married or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 45.2%
Single: 24.7%
Common-law: 15.1%
Separated: 8.2%
Divorced: 4.1%
Widowed: 2.7%
Nanaimo Marital Status Pie Chart