New Westminster Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 3.70% | * 0.01% |
| 2007: | 22.22% | 0.04% |
| 2006: | 14.82% | 0.03% |
| 2005: | 14.82% | 0.03% |
| 2004: | 18.52% | 0.03% |
| 2003: | 18.52% | 0.03% |
| 2002: | 7.41% | 0.01% |
This bar graph depicts 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 27.78% while our slowest is the fourth quarter (represented by the red bars) with 22.22%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 16.7% | |
| 2: | September: | 14.8% | |
| 3: | May: | 13.0% | |
| 4: | December: | 9.3% | |
| 5: | April: | 9.3% | |
| 6: | November: | 7.4% | |
| 7: | July: | 5.6% | |
| 8: | August: | 5.6% | |
| 9: | October: | 5.6% | |
| 10: | June: | 5.6% | |
| 11: | January: | 3.7% | |
| 12: | February: | 3.7% |
The data below compares the busy days for mortgage applications that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In New Westminster the busiest day of the week, with 22.22% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 1.85% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 22.2% | |
| 2: | Wednesday: | 20.4% | |
| 3: | Thursday: | 20.4% | |
| 4: | Friday: | 14.8% | |
| 5: | Monday: | 11.1% | |
| 6: | Sunday: | 9.3% | |
| 7: | Saturday: | 1.9% |
In New Westminster, applications are received 24 hours a day from our web site. The time periods below indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 20.4% of all mortgages are received before noon, while 74.1% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.9% |
| 01:00 to 01:59: | 3.7% |
| 06:00 to 06:59: | 1.9% |
| 08:00 to 08:59: | 5.6% |
| 09:00 to 09:59: | 3.7% |
| 10:00 to 10:59: | 3.7% |
| 11:00 to 11:59: | 5.6% |
| 12:00 to 12:59: | 3.7% |
| 13:00 to 13:59: | 3.7% |
| 14:00 to 14:59: | 9.3% |
| 15:00 to 15:59: | 9.3% |
| 17:00 to 17:59: | 9.3% |
| 18:00 to 18:59: | 5.6% |
| 19:00 to 19:59: | 5.6% |
| 20:00 to 20:59: | 3.7% |
| 21:00 to 21:59: | 9.3% |
| 22:00 to 22:59: | 11.1% |
| 23:00 to 23:59: | 3.7% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.49% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.12% |
| Nova Scotia: | 2.77% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.36% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.60% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 013: | FORT ST JOHN, BC | 0.253% |
| 014: | NANAIMO, BC | 0.243% |
| 015: | LANGLEY, BC | 0.233% |
| 016: | MAPLE RIDGE, BC | 0.203% |
| 017: | DELTA, BC | 0.193% |
| 018: | NEW WESTMINSTER, BC | 0.180% |
| 019: | VERNON, BC | 0.176% |
| 020: | PENTICTON, BC | 0.136% |
| 021: | DAWSON CREEK, BC | 0.110% |
| 022: | DUNCAN, BC | 0.103% |
| 023: | SALMON ARM, BC | 0.100% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 31.5% | |
| Refinance: | 20.4% | |
| First-time Buyer: | 14.8% | |
| Renewal: | 14.8% | |
| No Money Down: | 11.1% | |
| Purchase: | 3.7% | |
| Low Doc: | 1.9% | |
| Variable Rate: | 1.9% | |
| Total Application Types Found: 8 | ||
Average age: 37
Oldest age: 60
Youngest age: 23
The following depicts the average income of applicants living in New Westminster who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in New Westminster: | $55,127.06 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | ($1,220.44) |
| mortgage co-applicants in New Westminster: | $46,376.40 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | $7,045.70 |
The following depicts the residential status of people living in New Westminster who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 46.3% | |
| Own: | 46.3% | |
| No Comment: | 5.6% | |
| Live with parents: | 1.9% |
The information below shows the marital status of applicants from New Westminster, British Columbia using the mortgage application located at the CanEquity web site. Approximately 68% of the mortgage applicants are living common-law or married, while only 31% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 61.1% | |
| Single: | 25.9% | |
| Common-law: | 7.4% | |
| Separated: | 3.7% | |
| Divorced: | 1.9% |
