Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Penticton: Wednesday, February 8, 2012   
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Beaverdell
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Peachland
Princeton
Savona
Summerland
Westbank

Penticton Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Inquiries from Penticton

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%

Note: ** Total national contribution of Penticton mortgages in the past is currently 0.10% with a projected target of 0.10%.

Busy Months for Mortgage Inquiries within Penticton

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%.

RankMonth 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%
Busy Months Report for Penticton Mortgages

Busy Days for Mortgages Originating within Penticton

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%
Busy Days Report for Penticton Mortgages

Peak Hours for Mortgage Applicants within Penticton

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%
Peak Hours Graph for Mortgages in Penticton

Note: Only hours that have had mortgages from Penticton, British Columbia are shown.

British Columbia Mortgage Originations Compared to all other Provinces


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%
Penticton Mortgages

Current City Standing within British Columbia


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%

Nearest Settlements


1Beaverdell, British Columbia
2Naramata, British Columbia
3Summerland, British Columbia
4Savona, British Columbia
5Kaleden, British Columbia
6Peachland, British Columbia
7Chase, British Columbia
8Princeton, British Columbia
9Westbank, British Columbia
10Kelowna, British Columbia
11Okanagan Falls, British Columbia
12Osoyoos, British Columbia
13Winfield, British Columbia


Product Popularity for Penticton


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
 Penticton Mortgage Product Popularity Pie Chart

Age Demographics for Penticton Mortgage Applicants

Average age: 43
Oldest age: 76
Youngest age: 26


Incomes for Penticton Mortgage Applicants

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)

Note: Commercial loan amounts were not included for this survey, only residential mortgage loan amounts from Penticton, British Columbia were used.

Residential Status for Penticton Mortgage Applicants

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%
Penticton Residential Status Pie Chart

Marital Stats for Penticton Mortgage Applicants

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%
Penticton Marital Status Pie Chart