Last report update for Richmond: Sunday, March 14, 2010
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Richmond Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Inquiries from Richmond

Year Year to Year
Comparison
** National
Contribution
2010: * 2.61% * 0.01%
2009: 13.91% 0.04%
2008: 10.44% 0.03%
2007: 13.04% 0.04%
2006: 13.91% 0.04%
2005: 6.96% 0.02%
2004: 12.17% 0.03%
2003: 18.26% 0.05%
2002: 8.70% 0.02%

Note: * These values are the percentages up to Sunday, March 14, 2010. Estimated volume targets for the entire 2010 year are 11.31% and 0.03% respectively. ** Total national contribution of Richmond mortgages in the past is currently 0.27% with a projected target of 0.29%.

Busy Months for Mortgages Received within Richmond

The following bar graph shows the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Richmond mostly occur during our first quarter (represented by the brown bars) with 26.96% while our slowest is the fourth quarter (represented by the red bars) with 21.74%.

RankMonth Percentage
of Inquiries
1: July: 14.8%
2: April: 12.2%
3: March: 12.2%
4: December: 8.7%
5: August: 8.7%
6: January: 7.8%
7: October: 7.8%
8: February: 7.0%
9: May: 6.1%
10: June: 6.1%
11: November: 5.2%
12: September: 3.5%
Busy Months Report for Richmond Mortgages

Busy Days for Online Mortgages within Richmond

The information below plots the busy days for mortgage applications that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In Richmond, the day with the most volume, generating 28.70% of all applications, is Wednesday. In comparison, Saturday's are the slowest day with only 4.35% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Wednesday: 28.7%
2: Thursday: 17.4%
3: Friday: 15.7%
4: Monday: 13.0%
5: Sunday: 11.3%
6: Tuesday: 9.6%
7: Saturday: 4.3%
Busy Days Report for Richmond Mortgages

Peak Hours for Mortgage Applicants within Richmond

Applications are received 24 hours a day from the CanEquity web site. The time periods below represents the busy hours in the day. The data is taken from all days of all years. Only 23.5% of all mortgages are received during the morning, while 68.7% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 2.6%
01:00 to 01:59: 2.6%
02:00 to 02:59: 2.6%
03:00 to 03:59: 0.9%
05:00 to 05:59: 0.9%
06:00 to 06:59: 0.9%
08:00 to 08:59: 0.9%
09:00 to 09:59: 3.5%
10:00 to 10:59: 7.0%
11:00 to 11:59: 9.6%
12:00 to 12:59: 4.3%
13:00 to 13:59: 12.2%
14:00 to 14:59: 5.2%
15:00 to 15:59: 8.7%
16:00 to 16:59: 8.7%
17:00 to 17:59: 5.2%
18:00 to 18:59: 4.3%
19:00 to 19:59: 2.6%
20:00 to 20:59: 1.7%
21:00 to 21:59: 6.1%
22:00 to 22:59: 3.5%
23:00 to 23:59: 6.1%
Peak Hours Graph for Mortgages in Richmond

Note: Only hours that have had mortgages from Richmond, British Columbia are shown.

British Columbia Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.11%
British Columbia 10.88%
Manitoba: 2.10%
New Brunswick: 2.10%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.90%
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%
Richmond Mortgages

Current City Standing within British Columbia


Location Contribution
003:  VICTORIA, BC 0.729%
004:  BURNABY, BC 0.360%
005:  KELOWNA, BC 0.334%
006:  ABBOTSFORD, BC 0.303%
007:  CHILLIWACK, BC 0.275%
008:  RICHMOND, BC 0.270%
009:  PRINCE GEORGE, BC 0.270%
010:  KAMLOOPS, BC 0.266%
011:  NORTH VANCOUVER, BC 0.259%
012:  COQUITLAM, BC 0.254%
013:  FORT ST JOHN, BC 0.235%

Nearest Settlements


1Surrey, British Columbia
2North Delta, British Columbia
3Delta, British Columbia
4Vancouver, British Columbia
5Burnaby, British Columbia
6Ladner, British Columbia
7New Westminster, British Columbia
8White Rock, British Columbia
9Port Moody, British Columbia
10Coquitlam, British Columbia
11Aldergrove, British Columbia
12Pitt Meadows, British Columbia
13Port Coquitlam, British Columbia
14Clearbrook, British Columbia
15North Vancouver, British Columbia
16Maple Ridge, British Columbia
17Abbotsford, British Columbia
18West Vancouver, British Columbia


Product Popularity for Richmond


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 21.7%
First-time Buyer: 17.4%
Refinance: 16.5%
No Money Down: 13.9%
Renewal: 12.2%
Purchase: 10.4%
Variable Rate: 2.6%
Equity Mortgage: 1.7%
Low Doc: 0.9%
Pre-approval: 0.9%
Commercial: 0.9%
Investment: 0.9%
 
Total Application Types Found: 12
 Richmond Mortgage Product Popularity Pie Chart

Age Demographics for Richmond Mortgage Applicants

Average age: 40
Oldest age: 78
Youngest age: 19


Incomes for Richmond Mortgage Applicants

The following depicts the average income of Canadians living in Richmond who have applied for a loan using the pre-approval application on CanEquity's web site.

Average annual gross income for
mortgage applicants in Richmond: $67,128.48
applicants within all of Canada: $58,581.24
Difference: $8,547.23
  
mortgage co-applicants in Richmond: $38,214.13
co-applicants within all of Canada: $41,209.57
Difference: ($2,995.44)

Note: Commercial loans were not included for this report, only residential mortgage loans from Richmond, British Columbia were used.

Residential Status for Richmond Mortgage Applicants

The following table represents the residential status of people living in Richmond 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: 38.3%
Own: 45.2%
Other: 1.7%
No Comment: 7.8%
Live with parents: 7.0%
Richmond Residential Status Pie Chart

Marital Statistics for Richmond Mortgage Applicants

The following information represents the marital status of applicants from Richmond, British Columbia using the preapproval application found at canequity.com. In Richmond, over 68% of the mortgage applicants are living common-law or married, while only 30% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 64.3%
Single: 20.9%
Divorced: 5.2%
Common-law: 4.3%
Separated: 4.3%
Widowed: 0.9%
Richmond Marital Status Pie Chart