Last report update for Salmon Arm: Tuesday, May 6, 2008
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Salmon Arm Mortgage
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Related Links:
Armstrong
Blind Bay
Celista
Coldstream
Enderby
Falkland
Lumby
Pritchard
Sorrento
Vernon

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Salmon Arm Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Inquiries from Salmon Arm

Year Year to Year
Comparison
** National
Contribution
2008: * 6.67% * 0.01%
2007: 20.00% 0.02%
2006: 20.00% 0.02%
2005: 13.33% 0.01%
2004: 13.33% 0.01%
2003: 16.67% 0.02%
2002: 10.00% 0.01%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 16.67% and 0.02% respectively. ** Total national contribution of Salmon Arm mortgages in the past is currently 0.10% with a projected target of 0.11%.

Busy Days for Mortgages Originating within Salmon Arm

The data below compares the busy days for mortgage inquiries that were received by CanEquity. A combined total of all occurrences of each day are represented for the past 5 years. In Salmon Arm, the day with the most volume, generating 23.33% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 6.67% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 23.3%
2: Tuesday: 20.0%
3: Friday: 13.3%
4: Wednesday: 13.3%
5: Sunday: 13.3%
6: Thursday: 10.0%
7: Saturday: 6.7%
Busy Days Report for Salmon Arm Mortgages

Peak Hours for Based Mortgages within Salmon Arm

In Salmon Arm, inquiries are received 24 hours a day via the CanEquity web site. The report shown below indicates the busy hours in the day. The data is taken from all days of all years. Only 23.3% of all mortgages are received during the morning, while 76.7% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
08:00 to 08:59: 3.3%
09:00 to 09:59: 3.3%
10:00 to 10:59: 10.0%
11:00 to 11:59: 6.7%
12:00 to 12:59: 6.7%
13:00 to 13:59: 6.7%
14:00 to 14:59: 6.7%
15:00 to 15:59: 3.3%
16:00 to 16:59: 13.3%
17:00 to 17:59: 6.7%
18:00 to 18:59: 6.7%
19:00 to 19:59: 3.3%
21:00 to 21:59: 3.3%
22:00 to 22:59: 10.0%
23:00 to 23:59: 10.0%
Peak Hours Graph for Mortgages in Salmon Arm

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

British Columbia Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
British Columbia 11.49%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.12%
Nova Scotia: 2.77%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario: 48.62%
Prince Edward Island: 0.36%
Quebec: 3.80%
Saskatchewan: 5.60%
Yukon Territories: 0.21%
Salmon Arm Mortgages

Current City Standing within British Columbia


Location Contribution
018:  NEW WESTMINSTER, BC 0.180%
019:  VERNON, BC 0.176%
020:  PENTICTON, BC 0.136%
021:  DAWSON CREEK, BC 0.110%
022:  DUNCAN, BC 0.103%
023:  SALMON ARM, BC 0.100%
024:  MISSION, BC 0.100%
025:  CAMPBELL RIVER, BC 0.096%
026:  PORT ALBERNI, BC 0.093%
027:  PORT COQUITLAM, BC 0.093%
028:  COURTENAY, BC 0.086%

Nearest Settlements


1Falkland, British Columbia
2Armstrong, British Columbia
3Enderby, British Columbia
4Blind Bay, British Columbia
5Vernon, British Columbia
6Pritchard, British Columbia
7Lumby, British Columbia
8Sorrento, British Columbia
9Coldstream, British Columbia
10Celista, British Columbia
11Sicamous, British Columbia
12Oyama, British Columbia
13Merritt, British Columbia
14Kamloops, British Columbia
15Winfield, British Columbia
16Barriere, British Columbia
17100 Mile House, British Columbia


Product Popularity for Salmon Arm


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 43.3%
Refinance: 16.7%
First-time Buyer: 13.3%
No Money Down: 10.0%
Pre-approval: 10.0%
Renewal: 3.3%
Variable Rate: 3.3%
 
Total Application Types Found: 7
 Salmon Arm Mortgage Product Popularity Pie Chart

Age Demographics for Salmon Arm Based Mortgages

Average age: 38
Oldest age: 61
Youngest age: 22


Incomes for Salmon Arm Based Mortgages

The following depicts the average income of Canadians living in Salmon Arm who have submitted a mortgage inquiry using CanEquity's online mortgage application.

Average annual gross income for
mortgage applicants in Salmon Arm: $44,850.80
applicants within all of Canada: $56,347.50
Difference: ($11,496.70)
  

Note: Commercial Mortgage loans were not included for this survey, only residential loans were used.

Residential Status for Salmon Arm Mortgage Applicants

The chart and pie-graph below depicts the residential status of people living in Salmon Arm who have submitted a mortgage inquiry using the online application located at the CanEquity web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 53.3%
Own: 36.7%
Other: 3.3%
No Comment: 6.7%
Salmon Arm Residential Status Pie Chart

Marital Stats for Salmon Arm Mortgage Applicants

The following pie chart represents the marital status of applicants from Salmon Arm, British Columbia using the mortgage application located at canequity.com. In Salmon Arm, 53% of the mortgage applicants are living common-law or married, while only 46% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 33.3%
Single: 30.0%
Common-law: 20.0%
Separated: 10.0%
Divorced: 6.7%
Salmon Arm Marital Status Pie Chart