Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 13.33% | 0.02% |
| 2010: | 6.67% | 0.01% |
| 2009: | 17.78% | 0.03% |
| 2008: | 4.44% | 0.01% |
| 2007: | 13.33% | 0.02% |
| 2006: | 8.89% | 0.01% |
| 2005: | 8.89% | 0.01% |
| 2004: | 11.11% | 0.02% |
| 2003: | 11.11% | 0.02% |
| 2002: | 4.44% | 0.01% |
The 6-year bar graph below depicts the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from New Westminster usually occur during our second quarter (represented by the green bars) with 26.67% while our slowest is the fourth quarter (represented by the red bars) with 23.33%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 14.4% | |
| 2: | May: | 10.0% | |
| 3: | December: | 10.0% | |
| 4: | September: | 10.0% | |
| 5: | April: | 8.9% | |
| 6: | August: | 8.9% | |
| 7: | November: | 7.8% | |
| 8: | June: | 7.8% | |
| 9: | January: | 5.6% | |
| 10: | February: | 5.6% | |
| 11: | July: | 5.6% | |
| 12: | October: | 5.6% |
The information below plots the busy days for Internet applications that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In New Westminster the busiest day, with approximately 20.00% of all inquiries, is Wednesday. In comparison, Saturday's are the slowest day with only 6.67% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 20.0% | |
| 2: | Thursday: | 18.9% | |
| 3: | Tuesday: | 16.7% | |
| 4: | Monday: | 14.4% | |
| 5: | Friday: | 13.3% | |
| 6: | Sunday: | 10.0% | |
| 7: | Saturday: | 6.7% |
In New Westminster, mortgages are received 24 hours a day from the CanEquity web site. The statistics shown below indicates 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: | 3.3% |
| 01:00 to 01:59: | 5.6% |
| 04:00 to 04:59: | 2.2% |
| 06:00 to 06:59: | 2.2% |
| 08:00 to 08:59: | 4.4% |
| 09:00 to 09:59: | 4.4% |
| 10:00 to 10:59: | 5.6% |
| 11:00 to 11:59: | 4.4% |
| 12:00 to 12:59: | 4.4% |
| 13:00 to 13:59: | 4.4% |
| 14:00 to 14:59: | 8.9% |
| 15:00 to 15:59: | 6.7% |
| 16:00 to 16:59: | 2.2% |
| 17:00 to 17:59: | 6.7% |
| 18:00 to 18:59: | 4.4% |
| 19:00 to 19:59: | 7.8% |
| 20:00 to 20:59: | 5.6% |
| 21:00 to 21:59: | 5.6% |
| 22:00 to 22:59: | 8.9% |
| 23:00 to 23:59: | 2.2% |
| 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 | |
|---|---|---|
| 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% |
| 021: | PENTICTON, BC | 0.100% |
| 022: | CAMPBELL RIVER, BC | 0.100% |
| 023: | PORT ALBERNI, BC | 0.094% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 27.8% | |
| Refinance: | 16.7% | |
| No Money Down: | 13.3% | |
| First-time Buyer: | 13.3% | |
| Renewal: | 11.1% | |
| Purchase: | 7.8% | |
| Commercial: | 3.3% | |
| Variable Rate: | 3.3% | |
| HELOC: | 2.2% | |
| Low Doc: | 1.1% | |
| Total Application Types Found: 10 | ||
Average age: 39
Oldest age: 74
Youngest age: 21
The figures below represent the average income of Canadians living in New Westminster who have applied for a loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in New Westminster: | $58,590.91 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($907.56) |
| mortgage co-applicants in New Westminster: | $45,636.92 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $3,233.79 |
The following depicts the residential status of people living in New Westminster who have applied for a mortgage using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 48.9% | |
| Own: | 45.6% | |
| No Comment: | 3.3% | |
| Live with parents: | 2.2% |
The following information represents the marital status of applicants from New Westminster, British Columbia using the online mortgage application found on the CanEquity Mortgage web site. Over 66% of the mortgage applicants are living with someone, while only 33% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 57.8% | |
| Single: | 27.8% | |
| Common-law: | 8.9% | |
| Separated: | 4.4% | |
| Divorced: | 1.1% |
