Last report update for Port Moody: Tuesday, May 6, 2008
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Related Links:
Burnaby
Coquitlam
Haney
Maple Ridge
New Westminster
North Vancouver
Pitt Meadows
Port Coquitlam
Richmond
Surrey

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Port Moody Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages from Port Moody

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%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 31.25% and 0.02% respectively. ** Total national contribution of Port Moody mortgages in the past is currently 0.05% with a projected target of 0.06%.

British Columbia Mortgage Originations Compared to all other Provinces


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%
Port Moody Mortgages

Current City Standing within British Columbia


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%

Nearest Settlements


1New Westminster, British Columbia
2Coquitlam, British Columbia
3Pitt Meadows, British Columbia
4Port Coquitlam, British Columbia
5Surrey, British Columbia
6Burnaby, British Columbia
7Maple Ridge, British Columbia
8Richmond, British Columbia
9North Vancouver, British Columbia
10Haney, British Columbia
11Fort Langley, British Columbia
12North Delta, British Columbia
13Langley, British Columbia
14Vancouver, British Columbia
15Delta, British Columbia
16Ladner, British Columbia
17Deroche, British Columbia
18Mission, British Columbia
19Chilliwack, British Columbia
20Abbotsford, British Columbia
21Clearbrook, British Columbia
22West Vancouver, British Columbia
23Aldergrove, British Columbia


Product Popularity for Port Moody


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
 Port Moody Mortgage Product Popularity Pie Chart

Age Demographics for Port Moody Mortgages

Average age: 41
Oldest age: 83
Youngest age: 19


Incomes for Port Moody Mortgages

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

Note: Commercial loans were not included for this section, only residential loans amounts were used.

Residential Status for Port Moody Based Mortgages

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%
Port Moody Residential Status Pie Chart

Marital Status for Port Moody Based Mortgages

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%
Port Moody Marital Status Pie Chart