Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 6.61% | 0.01% |
| 2010: | 4.96% | 0.01% |
| 2009: | 16.53% | 0.04% |
| 2008: | 9.92% | 0.02% |
| 2007: | 7.44% | 0.02% |
| 2006: | 9.92% | 0.02% |
| 2005: | 12.40% | 0.03% |
| 2004: | 14.05% | 0.03% |
| 2003: | 9.92% | 0.02% |
| 2002: | 8.26% | 0.02% |
The 6-year bar graph below shows the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from North Vancouver occur during our first quarter (represented by the brown bars) with 28.93% while our slowest is the fourth quarter (represented by the red bars) with 14.05%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 14.9% | |
| 2: | April: | 12.4% | |
| 3: | July: | 12.4% | |
| 4: | June: | 10.7% | |
| 5: | September: | 9.9% | |
| 6: | February: | 8.3% | |
| 7: | August: | 6.6% | |
| 8: | March: | 5.8% | |
| 9: | May: | 5.0% | |
| 10: | December: | 5.0% | |
| 11: | October: | 5.0% | |
| 12: | November: | 4.1% |
The graph below compares the busy days for online applications that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In North Vancouver the busiest day, with 18.18% of all inquiries, is Tuesday. In comparison, Sunday's are the slowest day with only 9.92% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 18.2% | |
| 2: | Thursday: | 18.2% | |
| 3: | Wednesday: | 15.7% | |
| 4: | Friday: | 14.9% | |
| 5: | Monday: | 11.6% | |
| 6: | Saturday: | 11.6% | |
| 7: | Sunday: | 9.9% |
In North Vancouver, mortgage applications are received 24 hours a day from the CanEquity web site. The following 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: | 1.7% |
| 02:00 to 02:59: | 0.8% |
| 05:00 to 05:59: | 0.8% |
| 07:00 to 07:59: | 1.7% |
| 08:00 to 08:59: | 1.7% |
| 09:00 to 09:59: | 4.1% |
| 10:00 to 10:59: | 1.7% |
| 11:00 to 11:59: | 6.6% |
| 12:00 to 12:59: | 9.1% |
| 13:00 to 13:59: | 8.3% |
| 14:00 to 14:59: | 10.7% |
| 15:00 to 15:59: | 5.0% |
| 16:00 to 16:59: | 5.0% |
| 17:00 to 17:59: | 8.3% |
| 18:00 to 18:59: | 4.1% |
| 19:00 to 19:59: | 8.3% |
| 20:00 to 20:59: | 6.6% |
| 21:00 to 21:59: | 4.1% |
| 22:00 to 22:59: | 5.8% |
| 23:00 to 23:59: | 2.5% |
| 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 | |
|---|---|---|
| 008: | RICHMOND, BC | 0.277% |
| 009: | KAMLOOPS, BC | 0.264% |
| 010: | CHILLIWACK, BC | 0.262% |
| 011: | FORT ST JOHN, BC | 0.247% |
| 012: | COQUITLAM, BC | 0.234% |
| 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% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 24.8% | |
| First-time Buyer: | 15.7% | |
| No Money Down: | 14.0% | |
| Renewal: | 14.0% | |
| Purchase: | 10.7% | |
| Refinance: | 8.3% | |
| Low Doc: | 2.5% | |
| Commercial: | 2.5% | |
| Pre-approval: | 1.7% | |
| Equity Mortgage: | 1.7% | |
| Variable Rate: | 1.7% | |
| Other: | 2.4% | |
| Total Application Types Found: 14 | ||
Average age: 39
Oldest age: 64
Youngest age: 21
The amounts shown below represent the average income of applicants living in North Vancouver who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in North Vancouver: | $72,961.71 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $13,463.24 |
| mortgage co-applicants in North Vancouver: | $52,260.46 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $9,857.33 |
The table and pie chart below represents the residential status of people living in North Vancouver who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 45.5% | |
| Own: | 44.6% | |
| No Comment: | 6.6% | |
| Live with parents: | 3.3% |
The following information represents the marital status of applicants from North Vancouver, British Columbia using the preapproval application located at the CanEquity web site. In North Vancouver, 70% of the mortgage applicants are living together with someone, while only 29% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 59.5% | |
| Single: | 27.3% | |
| Common-law: | 10.7% | |
| Divorced: | 1.7% | |
| Separated: | 0.8% |
