North Vancouver Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
Have an idea or suggestion on improving the North Vancouver mortgage stats page, please send us an e-mail.
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 8.54% | * 0.02% |
| 2007: | 10.98% | 0.03% |
| 2006: | 14.63% | 0.04% |
| 2005: | 18.29% | 0.05% |
| 2004: | 20.73% | 0.06% |
| 2003: | 14.63% | 0.04% |
| 2002: | 12.20% | 0.03% |
The graph below illustrates the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from North Vancouver mostly occur during our first quarter (represented by the brown bars) with 29.27% while our slowest is the fourth quarter (represented by the red bars) with 20.73%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 12.2% | |
| 2: | July: | 12.2% | |
| 3: | April: | 11.0% | |
| 4: | February: | 9.8% | |
| 5: | September: | 8.5% | |
| 6: | December: | 7.3% | |
| 7: | March: | 7.3% | |
| 8: | August: | 7.3% | |
| 9: | October: | 7.3% | |
| 10: | November: | 6.1% | |
| 11: | June: | 6.1% | |
| 12: | May: | 4.9% |
The graph below displays the busy days for mortgage applications that were received by the CanEquity web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In North Vancouver the most busy day of the week, with 23.17% of all inquiries, is Thursday. In comparison, Saturday's are the slowest day with only 10.98% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 23.2% | |
| 2: | Tuesday: | 14.6% | |
| 3: | Friday: | 14.6% | |
| 4: | Wednesday: | 13.4% | |
| 5: | Sunday: | 12.2% | |
| 6: | Monday: | 11.0% | |
| 7: | Saturday: | 11.0% |
In North Vancouver, mortgages are received 24 hours a day on the CanEquity web site. The statistics shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 17.1% of all mortgages are received before noon, while 76.8% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.7% |
| 01:00 to 01:59: | 1.2% |
| 02:00 to 02:59: | 1.2% |
| 05:00 to 05:59: | 1.2% |
| 07:00 to 07:59: | 2.4% |
| 08:00 to 08:59: | 2.4% |
| 09:00 to 09:59: | 2.4% |
| 10:00 to 10:59: | 2.4% |
| 11:00 to 11:59: | 6.1% |
| 12:00 to 12:59: | 6.1% |
| 13:00 to 13:59: | 9.8% |
| 14:00 to 14:59: | 13.4% |
| 15:00 to 15:59: | 3.7% |
| 16:00 to 16:59: | 4.9% |
| 17:00 to 17:59: | 7.3% |
| 18:00 to 18:59: | 6.1% |
| 19:00 to 19:59: | 9.8% |
| 20:00 to 20:59: | 7.3% |
| 21:00 to 21:59: | 2.4% |
| 22:00 to 22:59: | 2.4% |
| 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 | |
|---|---|---|
| 006: | BURNABY, BC | 0.342% |
| 007: | RICHMOND, BC | 0.303% |
| 008: | KAMLOOPS, BC | 0.293% |
| 009: | CHILLIWACK, BC | 0.289% |
| 010: | COQUITLAM, BC | 0.283% |
| 011: | NORTH VANCOUVER, BC | 0.273% |
| 012: | PRINCE GEORGE, BC | 0.273% |
| 013: | FORT ST JOHN, BC | 0.253% |
| 014: | NANAIMO, BC | 0.243% |
| 015: | LANGLEY, BC | 0.233% |
| 016: | MAPLE RIDGE, BC | 0.203% |
| 8 | Surrey, British Columbia |
| 9 | Brackendale, British Columbia |
| 10 | Richmond, British Columbia |
| 11 | North Delta, British Columbia |
| 12 | Coquitlam, British Columbia |
| 13 | Pitt Meadows, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 28.0% | |
| First-time Buyer: | 18.3% | |
| Refinance: | 12.2% | |
| Renewal: | 11.0% | |
| Purchase: | 11.0% | |
| No Money Down: | 9.8% | |
| Pre-approval: | 2.4% | |
| Variable Rate: | 2.4% | |
| Low Doc: | 1.2% | |
| Second Mortgage: | 1.2% | |
| Short Term Open: | 1.2% | |
| Investment: | 1.2% | |
| Total Application Types Found: 12 | ||
Average age: 39
Oldest age: 64
Youngest age: 23
The amounts below are the average income of applicants living in North Vancouver who have applied for a mortgage loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in North Vancouver: | $70,171.95 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $13,824.45 |
| mortgage co-applicants in North Vancouver: | $53,951.52 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | $14,620.81 |
The chart and pie-graph below depicts the residential status of people living in North Vancouver who have submitted an inquiry using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 45.1% | |
| Own: | 42.7% | |
| No Comment: | 8.5% | |
| Live with parents: | 3.7% |
The following information represents the marital status of applicants from North Vancouver, British Columbia using the preapproval application located at canequity.com. In North Vancouver, over 70% of the mortgage applicants are living common-law or married, while only 29% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 58.5% | |
| Single: | 26.8% | |
| Common-law: | 12.2% | |
| Divorced: | 1.2% | |
| Separated: | 1.2% |
