Port Moody Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2009: | * 30.77% | * 0.02% |
| 2008: | 15.39% | 0.01% |
| 2007: | 15.39% | 0.01% |
| 2006: | 3.85% | 0.00% |
| 2005: | 7.69% | 0.01% |
| 2003: | 11.54% | 0.01% |
| 2002: | 15.39% | 0.01% |
The information below compares the busy days for mortgage inquiries that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Port Moody the busiest day, with approximately 34.62% of all inquiries, is Monday. In comparison, Thursday's are the slowest day with only 7.69% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 34.6% | |
| 2: | Wednesday: | 19.2% | |
| 3: | Sunday: | 15.4% | |
| 4: | Tuesday: | 11.5% | |
| 5: | Friday: | 11.5% | |
| 6: | Thursday: | 7.7% |
Port Moody mortgage applications are received 24 hours a day on our web site. The following represents the rush hours within a 24-hour period. The data is taken from all days of all years. Only 19.2% of all mortgages are received before noon, while 76.9% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 02:00 to 02:59: | 3.8% |
| 07:00 to 07:59: | 3.8% |
| 08:00 to 08:59: | 3.8% |
| 10:00 to 10:59: | 7.7% |
| 11:00 to 11:59: | 3.8% |
| 12:00 to 12:59: | 11.5% |
| 13:00 to 13:59: | 3.8% |
| 14:00 to 14:59: | 3.8% |
| 16:00 to 16:59: | 15.4% |
| 17:00 to 17:59: | 11.5% |
| 18:00 to 18:59: | 3.8% |
| 19:00 to 19:59: | 15.4% |
| 20:00 to 20:59: | 3.8% |
| 22:00 to 22:59: | 3.8% |
| 23:00 to 23:59: | 3.8% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.30% |
| British Columbia: | 10.97% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.03% |
| Newfoundland and Labrador: | 1.12% |
| Nova Scotia: | 2.78% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 49.00% |
| Prince Edward Island: | 0.40% |
| Quebec: | 3.87% |
| Saskatchewan: | 5.19% |
| Yukon Territories: | 0.22% |
| Location | Contribution | |
|---|---|---|
| 028: | SALMON ARM, BC | 0.082% |
| 029: | WESTBANK, BC | 0.082% |
| 030: | TERRACE, BC | 0.074% |
| 031: | NELSON, BC | 0.074% |
| 032: | WILLIAMS LAKE, BC | 0.072% |
| 033: | PORT MOODY, BC | 0.069% |
| 034: | CRANBROOK, BC | 0.069% |
| 035: | PARKSVILLE, BC | 0.064% |
| 036: | SECHELT, BC | 0.061% |
| 037: | SOOKE, BC | 0.061% |
| 038: | REVELSTOKE, BC | 0.061% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 34.6% | |
| Refinance: | 19.2% | |
| First-time Buyer: | 11.5% | |
| Purchase: | 11.5% | |
| No Money Down: | 7.7% | |
| Renewal: | 7.7% | |
| Short Term Open: | 3.8% | |
| Investment: | 3.8% | |
| Total Application Types Found: 8 | ||
Average age: 40
Oldest age: 83
Youngest age: 19
The information below represents the average income of people living in Port Moody who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Port Moody: | $87,648.63 |
| applicants within all of Canada: | $57,859.84 |
| Difference: | $29,788.79 |
| mortgage co-applicants in Port Moody: | $46,857.14 |
| co-applicants within all of Canada: | $40,716.04 |
| Difference: | $6,141.10 |
Since the average income of Port Moody is substantially higher than our 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: | $76,000.00 |
| applicants within all of Canada: | $57,859.84 |
| Difference: | $18,140.16 |
The information shown below represents the residential status of people living in Port Moody who have applied for a mortgage using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 26.9% | |
| Own: | 53.8% | |
| No Comment: | 15.4% | |
| Live with parents: | 3.8% |
The following table and pie chart represents the marital status of applicants from Port Moody, British Columbia using the mortgage application found at the CanEquity web site. In Port Moody, 57% of the mortgage applicants are living with someone, while only 42% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 53.8% | |
| Single: | 30.8% | |
| Separated: | 7.7% | |
| Divorced: | 3.8% | |
| Common-law: | 3.8% |
