Last report update for Sooke: Tuesday, May 6, 2008
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Brentwood Bay
Mill Bay
Port Renfrew
Shawnigan Lake
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Sooke Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Applications from Sooke

Year Year to Year
Comparison
** National
Contribution
2007: 15.00% 0.01%
2006: 10.00% 0.01%
2005: 25.00% 0.02%
2004: 25.00% 0.02%
2003: 20.00% 0.01%
2002: 5.00% 0.00%

Note: ** Total national contribution of Sooke mortgages in the past is currently 0.07% with a projected target of 0.07%.

Peak Hours for Based Mortgages within Sooke

In Sooke, mortgage applications are received 24 hours a day from the CanEquity web site. The following indicates the peak hours in the day. The data is taken from all days of all years. Only 35.0% of all mortgages are received during the morning, while 55.0% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
01:00 to 01:59: 5.0%
03:00 to 03:59: 5.0%
07:00 to 07:59: 10.0%
09:00 to 09:59: 15.0%
11:00 to 11:59: 10.0%
12:00 to 12:59: 5.0%
13:00 to 13:59: 5.0%
14:00 to 14:59: 10.0%
15:00 to 15:59: 15.0%
16:00 to 16:59: 5.0%
18:00 to 18:59: 5.0%
19:00 to 19:59: 5.0%
23:00 to 23:59: 5.0%
Peak Hours Graph for Mortgages in Sooke

Note: Only hours that have had mortgages from Sooke, 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%
Sooke Mortgages

Current City Standing within British Columbia


Location Contribution
030:  NELSON, BC 0.083%
031:  CRANBROOK, BC 0.080%
032:  TERRACE, BC 0.073%
033:  SECHELT, BC 0.070%
034:  LADYSMITH, BC 0.070%
035:  SOOKE, BC 0.066%
036:  PARKSVILLE, BC 0.066%
037:  WILLIAMS LAKE, BC 0.063%
038:  REVELSTOKE, BC 0.060%
039:  WHITE ROCK, BC 0.057%
040:  CASTLEGAR, BC 0.053%

Nearest Settlements


1Port Renfrew, British Columbia
2Mill Bay, British Columbia
3Brentwood Bay, British Columbia
4Victoria, British Columbia
5Shawnigan Lake, British Columbia


Product Popularity for Sooke


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 35.0%
First-time Buyer: 25.0%
Refinance: 20.0%
No Money Down: 10.0%
Renewal: 5.0%
Investment: 5.0%
 
Total Application Types Found: 6
 Sooke Mortgage Product Popularity Pie Chart

Age Demographics for Sooke Mortgage Applicants

Average age: 35
Oldest age: 56
Youngest age: 23


Incomes for Sooke Mortgage Applicants

The amounts shown below represent the average income of applicants living in Sooke who have applied for a mortgage loan using CanEquity's online mortgage application.

Average annual gross income for
mortgage applicants in Sooke: $68,087.50
applicants within all of Canada: $56,347.50
Difference: $11,740.00
  
mortgage co-applicants in Sooke: $45,268.00
co-applicants within all of Canada: $39,330.70
Difference: $5,937.30

Note: Commercial loan amounts were not included for this section, only residential loans amounts were used.

Residential Status for Sooke Mortgages

The following table represents the residential status of people living in Sooke who have submitted an inquiry using the online application located at the CanEquity web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 55.0%
Own: 45.0%
Sooke Residential Status Pie Chart

Marital Statistics for Sooke Mortgages

The following pie chart represents the marital status of applicants from Sooke, British Columbia using the online mortgage application found at the CanEquity web site. In Sooke, over 25% of the mortgage applicants are living with someone, while only 75% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Single: 60.0%
Married: 15.0%
Divorced: 10.0%
Common-law: 10.0%
Separated: 5.0%
Sooke Marital Status Pie Chart