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 data below shows the busy days for mortgage inquiries that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Port Moody, the day with the most volume, having more than 32.14% of all applications, 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% |
Mortgage applications are received 24 hours a day on the CanEquity 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.
| 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: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 029: | TERRACE, BC | 0.080% |
| 030: | WESTBANK, BC | 0.080% |
| 031: | CRANBROOK, BC | 0.077% |
| 032: | NELSON, BC | 0.077% |
| 033: | WILLIAMS LAKE, BC | 0.066% |
| 034: | PORT MOODY, BC | 0.066% |
| 035: | PARKSVILLE, BC | 0.061% |
| 036: | REVELSTOKE, BC | 0.059% |
| 037: | SECHELT, BC | 0.056% |
| 038: | LADYSMITH, BC | 0.056% |
| 039: | SOOKE, BC | 0.056% |
| 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 figures below represent the average income of Canadians living in Port Moody who have applied for a mortgage loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Port Moody: | $88,862.31 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $30,279.92 |
| mortgage co-applicants in Port Moody: | $45,500.00 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | $4,274.18 |
Since the average income of Port Moody is much higher than the Canadian national average, we have included the MEDIAN annual gross income for this location. 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: | $58,582.39 |
| Difference: | $18,917.61 |
The chart and pie-graph below depicts the residential status of people living in Port Moody who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 25.0% | |
| Own: | 57.1% | |
| No Comment: | 14.3% | |
| Live with parents: | 3.6% |
The following table and pie chart 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, 60% of the mortgage applicants are either married or living common-law, while only 39% are single 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% |
