Port Moody Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2009: | 35.71% | 0.02% |
| 2008: | 14.29% | 0.01% |
| 2007: | 14.29% | 0.01% |
| 2006: | 3.57% | 0.00% |
| 2005: | 7.14% | 0.01% |
| 2003: | 10.71% | 0.01% |
| 2002: | 14.29% | 0.01% |
The bar graph below plots the busy days for online applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Port Moody the busiest day of the week, with 32.14% of all inquiries, is Monday. In comparison, Thursday's are the slowest day with only 7.14% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 32.1% | |
| 2: | Wednesday: | 21.4% | |
| 3: | Friday: | 14.3% | |
| 4: | Sunday: | 14.3% | |
| 5: | Tuesday: | 10.7% | |
| 6: | Thursday: | 7.1% |
Applications are received 24 hours a day on our web site. The following indicates the rush hours in the day. The data is taken from all days of all years. Only 25.0% of all mortgages are received during the morning, while 71.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 02:00 to 02:59: | 3.6% |
| 07:00 to 07:59: | 3.6% |
| 08:00 to 08:59: | 3.6% |
| 09:00 to 09:59: | 3.6% |
| 10:00 to 10:59: | 7.1% |
| 11:00 to 11:59: | 7.1% |
| 12:00 to 12:59: | 10.7% |
| 13:00 to 13:59: | 3.6% |
| 14:00 to 14:59: | 3.6% |
| 16:00 to 16:59: | 14.3% |
| 17:00 to 17:59: | 10.7% |
| 18:00 to 18:59: | 3.6% |
| 19:00 to 19:59: | 14.3% |
| 20:00 to 20:59: | 3.6% |
| 22:00 to 22:59: | 3.6% |
| 23:00 to 23:59: | 3.6% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.14% |
| British Columbia: | 10.92% |
| Manitoba: | 2.10% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.89% |
| Northwest Territories: | 0.31% |
| Nunavut: | 0.09% |
| Ontario: | 48.84% |
| Prince Edward Island: | 0.43% |
| Quebec: | 4.05% |
| Saskatchewan: | 5.08% |
| Yukon Territories: | 0.25% |
| Location | Contribution | |
|---|---|---|
| 029: | WESTBANK, BC | 0.081% |
| 030: | MISSION, BC | 0.081% |
| 031: | NELSON, BC | 0.077% |
| 032: | CRANBROOK, BC | 0.074% |
| 033: | WILLIAMS LAKE, BC | 0.067% |
| 034: | PORT MOODY, BC | 0.067% |
| 035: | PARKSVILLE, BC | 0.060% |
| 036: | REVELSTOKE, BC | 0.060% |
| 037: | SECHELT, BC | 0.058% |
| 038: | LADYSMITH, BC | 0.055% |
| 039: | SOOKE, BC | 0.055% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 32.1% | |
| Refinance: | 17.9% | |
| Renewal: | 14.3% | |
| First-time Buyer: | 10.7% | |
| Purchase: | 10.7% | |
| No Money Down: | 7.1% | |
| Short Term Open: | 3.6% | |
| Investment: | 3.6% | |
| Total Application Types Found: 8 | ||
Average age: 41
Oldest age: 83
Youngest age: 19
The amounts shown below represent the average income of people living in Port Moody who have submitted a mortgage inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Port Moody: | $88,862.31 |
| applicants within all of Canada: | $58,448.42 |
| Difference: | $30,413.89 |
| mortgage co-applicants in Port Moody: | $45,500.00 |
| co-applicants within all of Canada: | $41,110.46 |
| Difference: | $4,389.54 |
Since the average income of Port Moody is much higher than our 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 Port Moody: | $77,500.00 |
| applicants within all of Canada: | $58,448.42 |
| Difference: | $19,051.58 |
The following table represents the residential status of people living in Port Moody who have submitted an inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 25.0% | |
| Own: | 57.1% | |
| No Comment: | 14.3% | |
| Live with parents: | 3.6% |
The pie chart below represents the marital status of applicants from Port Moody, British Columbia using the mortgage application found on the CanEquity Mortgage web site. In Port Moody, over 60% of the mortgage applicants are living together with someone, while only 39% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 57.1% | |
| Single: | 28.6% | |
| Separated: | 7.1% | |
| Divorced: | 3.6% | |
| Common-law: | 3.6% |
