Port Moody Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 12.50% | * 0.01% |
| 2007: | 25.00% | 0.01% |
| 2006: | 6.25% | 0.00% |
| 2005: | 12.50% | 0.01% |
| 2003: | 18.75% | 0.01% |
| 2002: | 25.00% | 0.01% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.49% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.12% |
| Nova Scotia: | 2.77% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.36% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.60% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 037: | WILLIAMS LAKE, BC | 0.063% |
| 038: | REVELSTOKE, BC | 0.060% |
| 039: | WHITE ROCK, BC | 0.057% |
| 040: | CASTLEGAR, BC | 0.053% |
| 041: | SIDNEY, BC | 0.053% |
| 042: | PORT MOODY, BC | 0.053% |
| 043: | ALDERGROVE, BC | 0.050% |
| 044: | FORT NELSON, BC | 0.050% |
| 045: | CRESTON, BC | 0.047% |
| 046: | KITIMAT, BC | 0.047% |
| 047: | SPARWOOD, BC | 0.047% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 37.5% | |
| Refinance: | 18.8% | |
| No Money Down: | 12.5% | |
| First-time Buyer: | 12.5% | |
| Renewal: | 6.3% | |
| Purchase: | 6.3% | |
| Short Term Open: | 6.3% | |
| Total Application Types Found: 7 | ||
Average age: 41
Oldest age: 83
Youngest age: 19
The following depicts the average income of Canadians living in Port Moody who have submitted an inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Port Moody: | $90,664.60 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $34,317.10 |
| mortgage co-applicants in Port Moody: | $49,800.00 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | $10,469.30 |
Since the average income of Port Moody is substantially higher than the national average, we have included the MEDIAN annual gross income for this area. 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 Port Moody: | $75,000.00 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $18,652.50 |
The chart and pie-graph below depicts the residential status of people living in Port Moody who have applied for a mortgage loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 25.0% | |
| Own: | 43.8% | |
| No Comment: | 25.0% | |
| Live with parents: | 6.3% |
The information below shows the marital status of applicants from Port Moody, British Columbia using the online mortgage application found at the CanEquity web site. Over 62% of the mortgage applicants are either married or living common-law, while only 37% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 56.3% | |
| Single: | 18.8% | |
| Separated: | 12.5% | |
| Divorced: | 6.3% | |
| Common-law: | 6.3% |
