Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 10.00% | 0.01% |
| 2010: | 6.67% | 0.00% |
| 2009: | 6.67% | 0.00% |
| 2008: | 13.33% | 0.01% |
| 2006: | 16.67% | 0.01% |
| 2005: | 3.33% | 0.00% |
| 2004: | 10.00% | 0.01% |
| 2003: | 6.67% | 0.00% |
| 2002: | 26.67% | 0.01% |
The bar graph listed below displays the busy days for mortgage applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Parksville, the day with the most volume, having more than 23.33% of all submissions, is Tuesday. In comparison, Sunday's are the slowest day with only 6.67% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 23.3% | |
| 2: | Thursday: | 20.0% | |
| 3: | Friday: | 16.7% | |
| 4: | Wednesday: | 16.7% | |
| 5: | Monday: | 10.0% | |
| 6: | Saturday: | 6.7% | |
| 7: | Sunday: | 6.7% |
Inquiries are received 24 hours a day on the CanEquity web site. The report shown below represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 13.3% of all mortgages are received before noon, while 86.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 03:00 to 03:59: | 3.3% |
| 09:00 to 09:59: | 3.3% |
| 10:00 to 10:59: | 6.7% |
| 12:00 to 12:59: | 6.7% |
| 13:00 to 13:59: | 6.7% |
| 14:00 to 14:59: | 3.3% |
| 15:00 to 15:59: | 13.3% |
| 16:00 to 16:59: | 6.7% |
| 18:00 to 18:59: | 6.7% |
| 19:00 to 19:59: | 3.3% |
| 21:00 to 21:59: | 13.3% |
| 22:00 to 22:59: | 10.0% |
| 23:00 to 23:59: | 16.7% |
| 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 | |
|---|---|---|
| 033: | CRANBROOK, BC | 0.070% |
| 034: | VANDERHOOF, BC | 0.062% |
| 035: | WILLIAMS LAKE, BC | 0.060% |
| 036: | PORT MOODY, BC | 0.060% |
| 037: | REVELSTOKE, BC | 0.060% |
| 038: | PARKSVILLE, BC | 0.057% |
| 039: | GRAND FORKS, BC | 0.055% |
| 040: | SOOKE, BC | 0.053% |
| 041: | SECHELT, BC | 0.051% |
| 042: | KIMBERLEY, BC | 0.051% |
| 043: | LADYSMITH, BC | 0.051% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 26.7% | |
| Renewal: | 16.7% | |
| First-time Buyer: | 13.3% | |
| No Money Down: | 10.0% | |
| Variable Rate: | 10.0% | |
| Purchase: | 6.7% | |
| Equity Mortgage: | 6.7% | |
| Fixed Rate: | 3.3% | |
| Low Doc: | 3.3% | |
| Pre-approval: | 3.3% | |
| Total Application Types Found: 10 | ||
Average age: 47
Oldest age: 70
Youngest age: 28
The following depicts the average income of applicants living in Parksville 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 Parksville: | $51,080.69 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($8,417.78) |
| mortgage co-applicants in Parksville: | $28,625.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($13,778.13) |
The following depicts the residential status of people living in Parksville who have applied for a mortgage using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 33.3% | |
| Own: | 46.7% | |
| Other: | 6.7% | |
| No Comment: | 13.3% |
The following information represents the marital status of applicants from Parksville, British Columbia using the online mortgage application located at the CanEquity web site. Approximately 56% of the mortgage applicants are living together with someone, while only 40% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 56.7% | |
| Single: | 23.3% | |
| Separated: | 10.0% | |
| Divorced: | 6.7% | |
| Widowed: | 3.3% |
