Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 3.57% | 0.00% |
| 2010: | 14.29% | 0.01% |
| 2009: | 7.14% | 0.00% |
| 2008: | 3.57% | 0.00% |
| 2007: | 10.71% | 0.01% |
| 2006: | 7.14% | 0.00% |
| 2005: | 17.86% | 0.01% |
| 2004: | 17.86% | 0.01% |
| 2003: | 14.29% | 0.01% |
| 2002: | 3.57% | 0.00% |
The bar graph below compares the busy days for Internet applications that were received by CanEquity. A combined total of all occurrences of each day are represented for the past 5 years. In Sooke the busiest day of the week, with 28.57% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 7.14% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 28.6% | |
| 2: | Thursday: | 28.6% | |
| 3: | Saturday: | 17.9% | |
| 4: | Friday: | 10.7% | |
| 5: | Monday: | 7.1% | |
| 6: | Sunday: | 7.1% |
In Sooke, applications are received 24 hours a day from our web site. The graph shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 35.7% of all mortgages are received before noon, while 60.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 3.6% |
| 03:00 to 03:59: | 3.6% |
| 04:00 to 04:59: | 3.6% |
| 07:00 to 07:59: | 7.1% |
| 09:00 to 09:59: | 10.7% |
| 10:00 to 10:59: | 3.6% |
| 11:00 to 11:59: | 7.1% |
| 12:00 to 12:59: | 7.1% |
| 13:00 to 13:59: | 3.6% |
| 14:00 to 14:59: | 7.1% |
| 15:00 to 15:59: | 10.7% |
| 16:00 to 16:59: | 3.6% |
| 17:00 to 17:59: | 3.6% |
| 18:00 to 18:59: | 7.1% |
| 19:00 to 19:59: | 10.7% |
| 22:00 to 22:59: | 3.6% |
| 23:00 to 23:59: | 3.6% |
| 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 | |
|---|---|---|
| 035: | WILLIAMS LAKE, BC | 0.060% |
| 036: | PORT MOODY, BC | 0.060% |
| 037: | REVELSTOKE, BC | 0.060% |
| 038: | PARKSVILLE, BC | 0.057% |
| 039: | GRAND FORKS, BC | 0.055% |
| 040: | SOOKE, BC | 0.053% |
| 041: | SECHELT, BC | 0.051% |
| 042: | KIMBERLEY, BC | 0.051% |
| 043: | LADYSMITH, BC | 0.051% |
| 044: | SQUAMISH, BC | 0.049% |
| 045: | TRAIL, BC | 0.049% |
| 1 | Port Renfrew, British Columbia |
| 2 | Mill Bay, British Columbia |
| 3 | Brentwood Bay, British Columbia |
| 4 | Victoria, British Columbia |
| 5 | Shawnigan Lake, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 28.6% | |
| First-time Buyer: | 21.4% | |
| Refinance: | 17.9% | |
| No Money Down: | 14.3% | |
| Renewal: | 7.1% | |
| Pre-approval: | 3.6% | |
| Purchase: | 3.6% | |
| Investment: | 3.6% | |
| Total Application Types Found: 8 | ||
Average age: 36
Oldest age: 56
Youngest age: 23
The following depicts the average income of applicants living in Sooke who have submitted an inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Sooke: | $68,407.26 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $8,908.79 |
| mortgage co-applicants in Sooke: | $41,417.50 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($985.63) |
The following depicts the residential status of people living in Sooke 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: | 46.4% | |
| Own: | 53.6% |
The pie chart below represents the marital status of applicants from Sooke, British Columbia using the mortgage application found at the CanEquity web site. Approximately 32% of the mortgage applicants are living common-law or married, while only 67% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 57.1% | |
| Married: | 21.4% | |
| Common-law: | 10.7% | |
| Divorced: | 7.1% | |
| Separated: | 3.6% |
