Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 19.57% | 0.02% |
| 2010: | 13.04% | 0.01% |
| 2009: | 10.87% | 0.01% |
| 2008: | 6.52% | 0.01% |
| 2007: | 8.70% | 0.01% |
| 2006: | 4.35% | 0.00% |
| 2005: | 10.87% | 0.01% |
| 2004: | 13.04% | 0.01% |
| 2003: | 6.52% | 0.01% |
| 2002: | 6.52% | 0.01% |
The graph below illustrates the busy days for online mortgage applications that were received by the CanEquity web site. Each day is a representation of the combined 6-year total of all instances of that day. In Nelson the busiest day of the week, with 23.91% of all applications, is Monday. In comparison, Thursday's are the slowest day with only 8.70% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 23.9% | |
| 2: | Wednesday: | 21.7% | |
| 3: | Tuesday: | 13.0% | |
| 4: | Friday: | 13.0% | |
| 5: | Sunday: | 10.9% | |
| 6: | Saturday: | 8.7% | |
| 7: | Thursday: | 8.7% |
Applications are received 24 hours a day on the CanEquity web site. The graph shown below indicates the peak hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 07:00 to 07:59: | 2.2% |
| 08:00 to 08:59: | 2.2% |
| 09:00 to 09:59: | 4.3% |
| 10:00 to 10:59: | 13.0% |
| 12:00 to 12:59: | 8.7% |
| 13:00 to 13:59: | 4.3% |
| 14:00 to 14:59: | 10.9% |
| 15:00 to 15:59: | 2.2% |
| 16:00 to 16:59: | 4.3% |
| 17:00 to 17:59: | 6.5% |
| 18:00 to 18:59: | 2.2% |
| 19:00 to 19:59: | 8.7% |
| 20:00 to 20:59: | 2.2% |
| 21:00 to 21:59: | 6.5% |
| 22:00 to 22:59: | 10.9% |
| 23:00 to 23:59: | 10.9% |
| 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 | |
|---|---|---|
| 021: | PENTICTON, BC | 0.100% |
| 022: | CAMPBELL RIVER, BC | 0.100% |
| 023: | PORT ALBERNI, BC | 0.094% |
| 024: | TERRACE, BC | 0.091% |
| 025: | SALMON ARM, BC | 0.089% |
| 026: | NELSON, BC | 0.087% |
| 027: | PORT COQUITLAM, BC | 0.085% |
| 028: | WESTBANK, BC | 0.081% |
| 029: | COURTENAY, BC | 0.079% |
| 030: | MISSION, BC | 0.079% |
| 031: | QUESNEL, BC | 0.076% |
| 1 | South Slocan, British Columbia |
| 2 | Winlaw, British Columbia |
| 3 | Castlegar, British Columbia |
| 4 | Salmo, British Columbia |
| 5 | Trail, British Columbia |
| 6 | Kaslo, British Columbia |
| 7 | Rossland, British Columbia |
| 8 | Robson, British Columbia |
| 9 | Fruitvale, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Purchase: | 23.9% | |
| First-time Buyer: | 19.6% | |
| Qualification: | 17.4% | |
| Refinance: | 15.2% | |
| No Money Down: | 6.5% | |
| Commercial: | 6.5% | |
| Renewal: | 6.5% | |
| Second Mortgage: | 2.2% | |
| Investment: | 2.2% | |
| Total Application Types Found: 9 | ||
Average age: 40
Oldest age: 65
Youngest age: 24
The numbers below represent the average income of Canadians living in Nelson who have applied for a home loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Nelson: | $48,726.20 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($10,772.27) |
| mortgage co-applicants in Nelson: | $32,530.35 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($9,872.78) |
The information shown below represents the residential status of people living in Nelson who have applied for a home loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 47.8% | |
| Own: | 41.3% | |
| Other: | 2.2% | |
| No Comment: | 8.7% |
The information below shows the marital status of applicants from Nelson, British Columbia using the preapproval application located at the CanEquity web site. In Nelson, over 50% of the mortgage applicants are either married or living common-law, while only 50% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 41.3% | |
| Married: | 28.3% | |
| Common-law: | 21.7% | |
| Separated: | 6.5% | |
| Divorced: | 2.2% |
