Last report update for Powell River: Tuesday, May 13, 2008
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Powell River Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Received from Powell River

Year Year to Year
Comparison
** National
Contribution
2008: * 14.29% * 0.01%
2007: 14.29% 0.01%
2006: 14.29% 0.01%
2005: 7.14% 0.00%
2004: 21.43% 0.01%
2003: 14.29% 0.01%
2002: 14.29% 0.01%

Note: * These values are the percentages up to Tuesday, May 13, 2008. Estimated volume targets for the entire 2008 year are 35.71% and 0.02% respectively. ** Total national contribution of Powell River mortgages in the past is currently 0.05% with a projected target of 0.06%.

Current City Standing within British Columbia


Location Contribution
044:  FORT NELSON, BC 0.050%
045:  CRESTON, BC 0.046%
046:  KITIMAT, BC 0.046%
047:  SPARWOOD, BC 0.046%
048:  MERRITT, BC 0.046%
049:  POWELL RIVER, BC 0.046%
050:  SQUAMISH, BC 0.046%
051:  WEST VANCOUVER, BC 0.046%
052:  SALT SPRING ISLAND, BC 0.043%
053:  KIMBERLEY, BC 0.043%
054:  AGASSIZ, BC 0.043%

Nearest Settlements


1Sechelt, British Columbia
2Gibsons, British Columbia


Product Popularity for Powell River


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 28.6%
Qualification: 28.6%
First-time Buyer: 28.6%
Purchase: 7.1%
Investment: 7.1%
 
Total Application Types Found: 5
 Powell River Mortgage Product Popularity Pie Chart

Age Demographics for Powell River Mortgage Applicants

Average age: 40
Oldest age: 66
Youngest age: 21


Incomes for Powell River Mortgage Applicants

The information below represents the average income of people living in Powell River who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.

Average annual gross income for
mortgage applicants in Powell River: $62,250.00
applicants within all of Canada: $56,384.30
Difference: $5,865.70
  
mortgage co-applicants in Powell River: $28,000.00
co-applicants within all of Canada: $39,375.53
Difference: ($11,375.53)

Note: Commercial Mortgages were not included for this section, only residential mortgages were used.

Residential Status for Powell River Based Mortgages

The following table represents the residential status of people living in Powell River who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 35.7%
Own: 50.0%
No Comment: 14.3%
Powell River Residential Status Pie Chart

Marital Statistics for Powell River Based Mortgages

The information below shows the marital status of applicants from Powell River, British Columbia using the preapproval application found at the CanEquity web site. Approximately 78% of the mortgage applicants are living common-law or married, while only 21% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 71.4%
Divorced: 14.3%
Common-law: 7.1%
Single: 7.1%
Powell River Marital Status Pie Chart