Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 7.55% | 0.01% |
| 2010: | 3.77% | 0.00% |
| 2009: | 9.43% | 0.01% |
| 2008: | 1.89% | 0.00% |
| 2007: | 11.32% | 0.01% |
| 2006: | 15.09% | 0.01% |
| 2005: | 11.32% | 0.01% |
| 2004: | 9.43% | 0.01% |
| 2003: | 16.98% | 0.02% |
| 2002: | 13.21% | 0.01% |
The 6-year bar graph below depicts the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Penticton mostly occur during our first quarter (represented by the brown bars) with 32.08% while our slowest is the fourth quarter (represented by the red bars) with 18.87%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 15.1% | |
| 2: | January: | 13.2% | |
| 3: | June: | 11.3% | |
| 4: | May: | 9.4% | |
| 5: | December: | 9.4% | |
| 6: | July: | 9.4% | |
| 7: | April: | 7.5% | |
| 8: | August: | 7.5% | |
| 9: | November: | 5.7% | |
| 10: | March: | 3.8% | |
| 11: | October: | 3.8% | |
| 12: | September: | 3.8% |
The bar graph listed below compares the busy days for online mortgage applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Penticton, the day with the most volume, having more than 20.75% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 5.66% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 20.8% | |
| 2: | Sunday: | 20.8% | |
| 3: | Wednesday: | 15.1% | |
| 4: | Thursday: | 15.1% | |
| 5: | Tuesday: | 13.2% | |
| 6: | Friday: | 9.4% | |
| 7: | Saturday: | 5.7% |
In Penticton, applications are received 24 hours a day on our web site. The statistics shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 22.6% of all mortgages are received before noon, while 75.5% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.9% |
| 05:00 to 05:59: | 1.9% |
| 08:00 to 08:59: | 1.9% |
| 09:00 to 09:59: | 5.7% |
| 10:00 to 10:59: | 5.7% |
| 11:00 to 11:59: | 7.5% |
| 12:00 to 12:59: | 18.9% |
| 13:00 to 13:59: | 3.8% |
| 14:00 to 14:59: | 3.8% |
| 15:00 to 15:59: | 3.8% |
| 16:00 to 16:59: | 7.5% |
| 17:00 to 17:59: | 7.5% |
| 18:00 to 18:59: | 5.7% |
| 19:00 to 19:59: | 3.8% |
| 20:00 to 20:59: | 5.7% |
| 21:00 to 21:59: | 9.4% |
| 22:00 to 22:59: | 3.8% |
| 23:00 to 23:59: | 1.9% |
| 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 | |
|---|---|---|
| 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% |
| 024: | TERRACE, BC | 0.091% |
| 025: | SALMON ARM, BC | 0.089% |
| 026: | NELSON, BC | 0.087% |
| 1 | Beaverdell, British Columbia |
| 2 | Naramata, British Columbia |
| 3 | Summerland, British Columbia |
| 4 | Savona, British Columbia |
| 5 | Kaleden, British Columbia |
| 6 | Peachland, British Columbia |
| 7 | Chase, British Columbia |
| 8 | Princeton, British Columbia |
| 9 | Westbank, British Columbia |
| 10 | Kelowna, British Columbia |
| 11 | Okanagan Falls, British Columbia |
| 12 | Osoyoos, British Columbia |
| 13 | Winfield, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 22.6% | |
| Refinance: | 22.6% | |
| No Money Down: | 15.1% | |
| Renewal: | 11.3% | |
| First-time Buyer: | 9.4% | |
| Purchase: | 7.5% | |
| Commercial: | 3.8% | |
| Variable Rate: | 3.8% | |
| Low Doc: | 1.9% | |
| Equity Mortgage: | 1.9% | |
| Total Application Types Found: 10 | ||
Average age: 43
Oldest age: 76
Youngest age: 26
The following figures show the average income of applicants living in Penticton who have submitted a mortgage inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Penticton: | $50,976.71 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($8,521.76) |
| mortgage co-applicants in Penticton: | $32,515.79 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($9,887.34) |
The information below represents the residential status of people living in Penticton who have applied for a mortgage using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 39.6% | |
| Own: | 49.1% | |
| Other: | 1.9% | |
| No Comment: | 9.4% |
The information below shows the marital status of applicants from Penticton, British Columbia using the mortgage application found at the CanEquity web site. In Penticton, approximately 69% of the mortgage applicants are living common-law or married, while only 28% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 49.1% | |
| Common-law: | 20.8% | |
| Single: | 20.8% | |
| Divorced: | 7.5% | |
| Widowed: | 1.9% |
