New Westminster Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 1.37% | * 0.00% |
| 2009: | 21.92% | 0.04% |
| 2008: | 5.48% | 0.01% |
| 2007: | 16.44% | 0.03% |
| 2006: | 10.96% | 0.02% |
| 2005: | 10.96% | 0.02% |
| 2004: | 13.70% | 0.02% |
| 2003: | 13.70% | 0.02% |
| 2002: | 5.48% | 0.01% |
The graph below represents the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from New Westminster seem to occur during our second quarter (represented by the green bars) with 30.14% while our slowest is the fourth quarter (represented by the red bars) with 21.92%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 13.7% | |
| 2: | May: | 12.3% | |
| 3: | December: | 11.0% | |
| 4: | September: | 11.0% | |
| 5: | June: | 9.6% | |
| 6: | April: | 8.2% | |
| 7: | January: | 6.8% | |
| 8: | November: | 5.5% | |
| 9: | February: | 5.5% | |
| 10: | July: | 5.5% | |
| 11: | August: | 5.5% | |
| 12: | October: | 5.5% |
The data below shows the busy days for mortgage applications 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 New Westminster the most busy day of the week, with 21.92% of all inquiries, is Wednesday. In comparison, Saturday's are the slowest day with only 4.11% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 21.9% | |
| 2: | Thursday: | 20.6% | |
| 3: | Tuesday: | 17.8% | |
| 4: | Friday: | 16.4% | |
| 5: | Monday: | 11.0% | |
| 6: | Sunday: | 8.2% | |
| 7: | Saturday: | 4.1% |
Mortgage applications are received 24 hours a day on the CanEquity web site. The statistics shown below represents the busy hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 4.1% |
| 01:00 to 01:59: | 5.5% |
| 04:00 to 04:59: | 1.4% |
| 06:00 to 06:59: | 1.4% |
| 08:00 to 08:59: | 5.5% |
| 09:00 to 09:59: | 4.1% |
| 10:00 to 10:59: | 4.1% |
| 11:00 to 11:59: | 4.1% |
| 12:00 to 12:59: | 4.1% |
| 13:00 to 13:59: | 5.5% |
| 14:00 to 14:59: | 8.2% |
| 15:00 to 15:59: | 8.2% |
| 17:00 to 17:59: | 8.2% |
| 18:00 to 18:59: | 5.5% |
| 19:00 to 19:59: | 5.5% |
| 20:00 to 20:59: | 6.8% |
| 21:00 to 21:59: | 6.8% |
| 22:00 to 22:59: | 8.2% |
| 23:00 to 23:59: | 2.7% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 014: | NANAIMO, BC | 0.232% |
| 015: | LANGLEY, BC | 0.232% |
| 016: | MAPLE RIDGE, BC | 0.195% |
| 017: | DELTA, BC | 0.185% |
| 018: | VERNON, BC | 0.181% |
| 019: | NEW WESTMINSTER, BC | 0.171% |
| 020: | DAWSON CREEK, BC | 0.120% |
| 021: | PENTICTON, BC | 0.113% |
| 022: | PORT ALBERNI, BC | 0.103% |
| 023: | CAMPBELL RIVER, BC | 0.099% |
| 024: | COURTENAY, BC | 0.092% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 27.4% | |
| Refinance: | 19.2% | |
| No Money Down: | 16.4% | |
| First-time Buyer: | 13.7% | |
| Renewal: | 13.7% | |
| Purchase: | 4.1% | |
| Variable Rate: | 4.1% | |
| Low Doc: | 1.4% | |
| Total Application Types Found: 8 | ||
Average age: 39
Oldest age: 65
Youngest age: 23
The figures below represent the average income of Canadians living in New Westminster who have applied for a loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in New Westminster: | $55,409.09 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | ($3,173.30) |
| mortgage co-applicants in New Westminster: | $46,106.15 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | $4,880.33 |
The following depicts the residential status of people living in New Westminster who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 50.7% | |
| Own: | 43.8% | |
| No Comment: | 4.1% | |
| Live with parents: | 1.4% |
The following pie chart represents the marital status of applicants from New Westminster, British Columbia using the mortgage application found on the CanEquity Mortgage web site. Over 65% of the mortgage applicants are living together with someone, while only 34% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 58.9% | |
| Single: | 28.8% | |
| Common-law: | 6.8% | |
| Separated: | 4.1% | |
| Divorced: | 1.4% |
