Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 11.77% | 0.00% |
| 2010: | 5.88% | 0.00% |
| 2009: | 5.88% | 0.00% |
| 2008: | 5.88% | 0.00% |
| 2007: | 11.77% | 0.00% |
| 2006: | 17.65% | 0.01% |
| 2005: | 17.65% | 0.01% |
| 2003: | 11.77% | 0.00% |
| 2002: | 11.77% | 0.00% |
| 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 | |
|---|---|---|
| 061: | TUMBLER RIDGE, BC | 0.038% |
| 062: | WEST VANCOUVER, BC | 0.038% |
| 063: | AGASSIZ, BC | 0.036% |
| 064: | GIBSONS, BC | 0.036% |
| 065: | SUMMERLAND, BC | 0.034% |
| 066: | SALT SPRING ISLAND, BC | 0.032% |
| 067: | FERNIE, BC | 0.032% |
| 068: | HOPE, BC | 0.032% |
| 069: | QUALICUM BEACH, BC | 0.030% |
| 070: | ARMSTRONG, BC | 0.030% |
| 071: | OSOYOOS, BC | 0.026% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 23.5% | |
| Qualification: | 11.8% | |
| No Money Down: | 11.8% | |
| Equity Mortgage: | 11.8% | |
| Fixed Rate: | 5.9% | |
| : | 5.9% | |
| Low Doc: | 5.9% | |
| First-time Buyer: | 5.9% | |
| Renewal: | 5.9% | |
| HELOC: | 5.9% | |
| Variable Rate: | 5.9% | |
| Total Application Types Found: 11 | ||
Average age: 46
Oldest age: 72
Youngest age: 26
The amounts below are the average income of applicants living in Salt Spring Island who have applied for a mortgage loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Salt Spring Island: | $55,425.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($4,073.47) |
| mortgage co-applicants in Salt Spring Island: | $32,750.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($9,653.13) |
The chart and pie-graph below depicts the residential status of people living in Salt Spring Island who have applied for a mortgage using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 23.5% | |
| Own: | 70.6% | |
| No Comment: | 5.9% |
The following information represents the marital status of applicants from Salt Spring Island, British Columbia using the mortgage application found on the CanEquity Mortgage web site. Approximately 76% of the mortgage applicants are living common-law or married, while only 17% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 64.7% | |
| Separated: | 11.8% | |
| Common-law: | 11.8% | |
| Widowed: | 5.9% | |
| Single: | 5.9% |
