Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 3.45% | * 0.00% |
| 2009: | 34.48% | 0.02% |
| 2008: | 13.79% | 0.01% |
| 2007: | 13.79% | 0.01% |
| 2006: | 3.45% | 0.00% |
| 2005: | 6.90% | 0.00% |
| 2003: | 10.35% | 0.01% |
| 2002: | 13.79% | 0.01% |
The bar graph listed below plots the busy days for Internet mortgage applications that were received by the CanEquity web site. Each day is a representation of the combined 6-year total of all instances of that day. In Port Moody the most busy day of the week, with 31.03% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 3.45% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 31.0% | |
| 2: | Wednesday: | 20.7% | |
| 3: | Friday: | 13.8% | |
| 4: | Sunday: | 13.8% | |
| 5: | Tuesday: | 10.3% | |
| 6: | Thursday: | 6.9% | |
| 7: | Saturday: | 3.5% |
Inquiries are received 24 hours a day via the CanEquity web site. The graph shown below indicates the busy hours in the day. The data is taken from all days of all years. Only 24.1% of all mortgages are received before noon, while 72.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 02:00 to 02:59: | 3.4% |
| 07:00 to 07:59: | 3.4% |
| 08:00 to 08:59: | 3.4% |
| 09:00 to 09:59: | 3.4% |
| 10:00 to 10:59: | 6.9% |
| 11:00 to 11:59: | 6.9% |
| 12:00 to 12:59: | 10.3% |
| 13:00 to 13:59: | 3.4% |
| 14:00 to 14:59: | 3.4% |
| 16:00 to 16:59: | 13.8% |
| 17:00 to 17:59: | 10.3% |
| 18:00 to 18:59: | 6.9% |
| 19:00 to 19:59: | 13.8% |
| 20:00 to 20:59: | 3.4% |
| 22:00 to 22:59: | 3.4% |
| 23:00 to 23:59: | 3.4% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.20% |
| British Columbia: | 10.79% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.19% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.60% |
| Prince Edward Island: | 0.47% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.29% |
| Location | Contribution | |
|---|---|---|
| 029: | MISSION, BC | 0.081% |
| 030: | NELSON, BC | 0.081% |
| 031: | DUNCAN, BC | 0.077% |
| 032: | CRANBROOK, BC | 0.072% |
| 033: | WILLIAMS LAKE, BC | 0.064% |
| 034: | PORT MOODY, BC | 0.064% |
| 035: | REVELSTOKE, BC | 0.064% |
| 036: | SECHELT, BC | 0.059% |
| 037: | PARKSVILLE, BC | 0.059% |
| 038: | LADYSMITH, BC | 0.057% |
| 039: | SOOKE, BC | 0.057% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 31.0% | |
| Refinance: | 20.7% | |
| Renewal: | 13.8% | |
| First-time Buyer: | 10.3% | |
| Purchase: | 10.3% | |
| No Money Down: | 6.9% | |
| Short Term Open: | 3.4% | |
| Investment: | 3.4% | |
| Total Application Types Found: 8 | ||
Average age: 40
Oldest age: 83
Youngest age: 19
The figures below represent the average income of Canadians living in Port Moody who have applied for a home loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Port Moody: | $100,015.56 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | $41,069.68 |
| mortgage co-applicants in Port Moody: | $45,500.00 |
| co-applicants within all of Canada: | $41,522.27 |
| Difference: | $3,977.73 |
Since the average income of Port Moody is substantially 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: | $78,000.00 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | $19,054.12 |
The information below represents the residential status of people living in Port Moody who have submitted a mortgage inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 24.1% | |
| Own: | 58.6% | |
| No Comment: | 13.8% | |
| Live with parents: | 3.4% |
The pie chart below represents the marital status of applicants from Port Moody, British Columbia using the online mortgage application found on canequity.com. In Port Moody, approximately 62% of the mortgage applicants are living common-law or married, while only 37% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 58.6% | |
| Single: | 27.6% | |
| Separated: | 6.9% | |
| Divorced: | 3.4% | |
| Common-law: | 3.4% |
