Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 14.89% | 0.01% |
| 2010: | 12.77% | 0.01% |
| 2009: | 8.51% | 0.01% |
| 2008: | 4.25% | 0.00% |
| 2007: | 12.77% | 0.01% |
| 2006: | 12.77% | 0.01% |
| 2005: | 8.51% | 0.01% |
| 2004: | 8.51% | 0.01% |
| 2003: | 10.64% | 0.01% |
| 2002: | 6.38% | 0.01% |
The information below displays the busy days for mortgage applications that were received by the CanEquity web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Salmon Arm the busiest day, with 23.40% of all applications, is Wednesday. In comparison, Saturday's are the slowest day with only 6.38% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 23.4% | |
| 2: | Monday: | 21.3% | |
| 3: | Tuesday: | 17.0% | |
| 4: | Friday: | 10.6% | |
| 5: | Thursday: | 10.6% | |
| 6: | Sunday: | 10.6% | |
| 7: | Saturday: | 6.4% |
Mortgage applications are received 24 hours a day on the CanEquity web site. The information shown below represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 19.1% of all mortgages are received before noon, while 74.5% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 2.1% |
| 01:00 to 01:59: | 2.1% |
| 02:00 to 02:59: | 2.1% |
| 04:00 to 04:59: | 2.1% |
| 07:00 to 07:59: | 2.1% |
| 08:00 to 08:59: | 2.1% |
| 09:00 to 09:59: | 2.1% |
| 10:00 to 10:59: | 6.4% |
| 11:00 to 11:59: | 4.3% |
| 12:00 to 12:59: | 8.5% |
| 13:00 to 13:59: | 4.3% |
| 14:00 to 14:59: | 6.4% |
| 15:00 to 15:59: | 2.1% |
| 16:00 to 16:59: | 10.6% |
| 17:00 to 17:59: | 6.4% |
| 18:00 to 18:59: | 8.5% |
| 19:00 to 19:59: | 6.4% |
| 21:00 to 21:59: | 4.3% |
| 22:00 to 22:59: | 8.5% |
| 23:00 to 23:59: | 8.5% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.57% |
| Manitoba: | 2.06% |
| New Brunswick: | 2.43% |
| Newfoundland and Labrador: | 1.25% |
| Nova Scotia: | 3.28% |
| Northwest Territories: | 0.40% |
| Nunavut: | 0.10% |
| Ontario: | 48.07% |
| Prince Edward Island: | 0.53% |
| Quebec: | 3.97% |
| Saskatchewan: | 4.94% |
| Yukon Territories: | 0.41% |
| Location | Contribution | |
|---|---|---|
| 020: | DAWSON CREEK, BC | 0.119% |
| 021: | PENTICTON, BC | 0.100% |
| 022: | CAMPBELL RIVER, BC | 0.100% |
| 023: | PORT ALBERNI, BC | 0.094% |
| 024: | TERRACE, BC | 0.091% |
| 025: | SALMON ARM, BC | 0.089% |
| 026: | NELSON, BC | 0.087% |
| 027: | PORT COQUITLAM, BC | 0.085% |
| 028: | WESTBANK, BC | 0.081% |
| 029: | COURTENAY, BC | 0.079% |
| 030: | MISSION, BC | 0.079% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 38.3% | |
| First-time Buyer: | 19.1% | |
| Refinance: | 17.0% | |
| No Money Down: | 8.5% | |
| Pre-approval: | 6.4% | |
| Purchase: | 4.3% | |
| Renewal: | 2.1% | |
| HELOC: | 2.1% | |
| Variable Rate: | 2.1% | |
| Total Application Types Found: 9 | ||
Average age: 37
Oldest age: 68
Youngest age: 19
The numbers below represent the average income of applicants living in Salmon Arm who have submitted an inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Salmon Arm: | $47,055.32 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($12,443.15) |
| mortgage co-applicants in Salmon Arm: | $27,481.20 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($14,921.93) |
The pie chart below shows 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: | 51.1% | |
| Own: | 38.3% | |
| Other: | 4.3% | |
| No Comment: | 4.3% | |
| Live with parents: | 2.1% |
The information below shows the marital status of applicants from Salmon Arm, British Columbia using the preapproval application found on canequity.com. Approximately 55% of the mortgage applicants are either married or living common-law, while only 44% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 36.2% | |
| Single: | 27.7% | |
| Common-law: | 19.1% | |
| Separated: | 10.6% | |
| Divorced: | 6.4% |
