Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | 15.39% | 0.00% |
| 2009: | 23.08% | 0.01% |
| 2008: | 7.69% | 0.00% |
| 2007: | 7.69% | 0.00% |
| 2006: | 7.69% | 0.00% |
| 2004: | 7.69% | 0.00% |
| 2003: | 23.08% | 0.01% |
| 2002: | 7.69% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 068: | HOPE, BC | 0.032% |
| 069: | QUALICUM BEACH, BC | 0.030% |
| 070: | ARMSTRONG, BC | 0.030% |
| 071: | OSOYOOS, BC | 0.026% |
| 072: | SHAWNIGAN LAKE, BC | 0.026% |
| 073: | PEACHLAND, BC | 0.025% |
| 074: | FORT ST JAMES, BC | 0.025% |
| 075: | PORT MCNEILL, BC | 0.025% |
| 076: | HOUSTON, BC | 0.023% |
| 077: | LUMBY, BC | 0.023% |
| 078: | WHISTLER, BC | 0.023% |
| 1 | Naramata, British Columbia |
| 2 | Summerland, British Columbia |
| 3 | Westbank, British Columbia |
| 4 | Princeton, British Columbia |
| 5 | Kelowna, British Columbia |
| 6 | Penticton, British Columbia |
| 7 | Merritt, British Columbia |
| 8 | Beaverdell, British Columbia |
| 9 | Oyama, British Columbia |
| 10 | Savona, British Columbia |
| 11 | Winfield, British Columbia |
| 12 | Chase, British Columbia |
| 13 | Vernon, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 23.1% | |
| First-time Buyer: | 15.4% | |
| Investment: | 15.4% | |
| Qualification: | 7.7% | |
| No Money Down: | 7.7% | |
| Commercial: | 7.7% | |
| Equity Mortgage: | 7.7% | |
| Purchase: | 7.7% | |
| Transfer: | 7.7% | |
| Total Application Types Found: 9 | ||
Average age: 44
Oldest age: 69
Youngest age: 34
The numbers below represent the average income of Canadians living in Peachland who have submitted a mortgage inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Peachland: | $81,093.82 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $21,595.35 |
| mortgage co-applicants in Peachland: | $47,930.20 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $5,527.07 |
Since the average income of Peachland is notability higher than the Canadian national average, we have included the MEDIAN annual gross income for this town. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.
| Median annual gross income for | |
|---|---|
| mortgage applicants in Peachland: | $75,000.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $15,501.53 |
The following table represents the residential status of people living in Peachland who have applied for a loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 15.4% | |
| Own: | 61.5% | |
| No Comment: | 23.1% |
The following information represents the marital status of applicants from Peachland, British Columbia using the preapproval application found on the CanEquity Mortgage web site. In Peachland, 84% of the mortgage applicants are living common-law or married, while only 15% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 69.2% | |
| Common-law: | 15.4% | |
| Single: | 15.4% |
