Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for New Westminster: Wednesday, February 8, 2012   
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New Westminster Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Received from New Westminster

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%

Note: ** Total national contribution of New Westminster mortgages in the past is currently 0.17% with a projected target of 0.17%.

Busy Months for Online Applications within New Westminster

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%.

RankMonth 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%
Busy Months Report for New Westminster Mortgages

Busy Days for Online Applications within New Westminster

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%
Busy Days Report for New Westminster Mortgages

Peak Hours for Based Mortgages within New Westminster

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%
Peak Hours Graph for Mortgages in New Westminster

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

British Columbia Mortgage Originations Compared to all other Provinces


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%
New Westminster Mortgages

Current City Standing within British Columbia


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%

Nearest Settlements


1Burnaby, British Columbia
2Port Moody, British Columbia
3Surrey, British Columbia
4Richmond, British Columbia
5North Delta, British Columbia
6North Vancouver, British Columbia
7Vancouver, British Columbia
8Coquitlam, British Columbia
9Pitt Meadows, British Columbia
10Port Coquitlam, British Columbia
11Delta, British Columbia
12Ladner, British Columbia
13Maple Ridge, British Columbia
14West Vancouver, British Columbia
15Haney, British Columbia
16Abbotsford, British Columbia
17Fort Langley, British Columbia
18Clearbrook, British Columbia
19Aldergrove, British Columbia
20Langley, British Columbia
21White Rock, British Columbia
22Sardis, British Columbia
23Gibsons, British Columbia
24Bowen Island, British Columbia
25Deroche, British Columbia


Product Popularity for New Westminster


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
 New Westminster Mortgage Product Popularity Pie Chart

Age Demographics for New Westminster Based Mortgages

Average age: 39
Oldest age: 74
Youngest age: 21


Incomes for New Westminster Based Mortgages

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

Note: Commercial Mortgages were not included for this survey, only residential mortgage loans from New Westminster, British Columbia were used.

Residential Status for New Westminster Mortgage Applicants

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%
New Westminster Residential Status Pie Chart

Marital Status for New Westminster Mortgage Applicants

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%
New Westminster Marital Status Pie Chart