Richmond Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| 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% |
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%.
| Rank | Month | 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% |
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% |
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% |
| 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% |
| 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% |
| 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 | ||
Average age: 40
Oldest age: 78
Youngest age: 19
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) |
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% |
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% |
