Last report update for Sooke: Sunday, March 14, 2010
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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
2010: * 4.17% * 0.00%
2009: 8.33% 0.01%
2008: 4.17% 0.00%
2007: 12.50% 0.01%
2006: 8.33% 0.01%
2005: 20.83% 0.01%
2004: 20.83% 0.01%
2003: 16.67% 0.01%
2002: 4.17% 0.00%

Note: * These values are the percentages up to Sunday, March 14, 2010. Estimated volume targets for the entire 2010 year are 16.67% and 0.01% respectively. ** Total national contribution of Sooke mortgages in the past is currently 0.06% with a projected target of 0.06%.

Peak Hours for Mortgage Applicants within Sooke

Inquiries are received 24 hours a day via our web site. The graph shown below represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 37.5% of all mortgages are received during the morning, while 58.3% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
01:00 to 01:59: 4.2%
03:00 to 03:59: 4.2%
07:00 to 07:59: 8.3%
09:00 to 09:59: 12.5%
10:00 to 10:59: 4.2%
11:00 to 11:59: 8.3%
12:00 to 12:59: 4.2%
13:00 to 13:59: 4.2%
14:00 to 14:59: 8.3%
15:00 to 15:59: 12.5%
16:00 to 16:59: 4.2%
17:00 to 17:59: 4.2%
18:00 to 18:59: 4.2%
19:00 to 19:59: 8.3%
22:00 to 22:59: 4.2%
23:00 to 23:59: 4.2%
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: 21.11%
British Columbia 10.88%
Manitoba: 2.10%
New Brunswick: 2.10%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.90%
Northwest Territories: 0.32%
Nunavut: 0.08%
Ontario: 48.83%
Prince Edward Island: 0.44%
Quebec: 4.14%
Saskatchewan: 5.07%
Yukon Territories: 0.26%
Sooke Mortgages

Current City Standing within British Columbia


Location Contribution
034:  PORT MOODY, BC 0.066%
035:  PARKSVILLE, BC 0.061%
036:  REVELSTOKE, BC 0.059%
037:  SECHELT, BC 0.056%
038:  LADYSMITH, BC 0.056%
039:  SOOKE, BC 0.056%
040:  KITIMAT, BC 0.054%
041:  KIMBERLEY, BC 0.052%
042:  SQUAMISH, BC 0.049%
043:  PITT MEADOWS, BC 0.049%
044:  CASTLEGAR, BC 0.049%

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: 29.2%
First-time Buyer: 25.0%
Refinance: 16.7%
No Money Down: 12.5%
Pre-approval: 4.2%
Renewal: 4.2%
Purchase: 4.2%
Investment: 4.2%
 
Total Application Types Found: 8
 Sooke Mortgage Product Popularity Pie Chart

Age Demographics for Sooke Originated Mortgages

Average age: 36
Oldest age: 56
Youngest age: 23


Incomes for Sooke Originated Mortgages

The figures below represent the average income of Canadians living in Sooke who have applied for a mortgage loan using the online application located at the CanEquity web site.

Average annual gross income for
mortgage applicants in Sooke: $69,086.78
applicants within all of Canada: $58,581.24
Difference: $10,505.54
  
mortgage co-applicants in Sooke: $40,905.71
co-applicants within all of Canada: $41,209.57
Difference: ($303.85)

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

Residential Status for Sooke Mortgage Applicants

The information below represents the residential status of people living in Sooke who have submitted an inquiry using the pre-approval application on CanEquity's web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 50.0%
Own: 50.0%
Sooke Residential Status Pie Chart

Marital Status for Sooke Mortgage Applicants

The information below shows the marital status of applicants from Sooke, British Columbia using the mortgage application found at canequity.com. In Sooke, over 29% of the mortgage applicants are living with someone, while only 70% are not married or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Single: 58.3%
Married: 16.7%
Common-law: 12.5%
Divorced: 8.3%
Separated: 4.2%
Sooke Marital Status Pie Chart