Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 5.56% | 0.00% |
| 2010: | 5.56% | 0.00% |
| 2009: | 16.67% | 0.01% |
| 2008: | 16.67% | 0.01% |
| 2005: | 5.56% | 0.00% |
| 2004: | 22.22% | 0.01% |
| 2003: | 16.67% | 0.01% |
| 2002: | 11.11% | 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 | |
|---|---|---|
| 060: | GOLDEN, BC | 0.038% |
| 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% |
| 1 | Naramata, British Columbia |
| 2 | Princeton, British Columbia |
| 3 | Peachland, British Columbia |
| 4 | Penticton, British Columbia |
| 5 | Westbank, British Columbia |
| 6 | Beaverdell, British Columbia |
| 7 | Kelowna, British Columbia |
| 8 | Savona, British Columbia |
| 9 | Kaleden, British Columbia |
| 10 | Chase, British Columbia |
| 11 | Winfield, British Columbia |
| 12 | Merritt, British Columbia |
| 13 | Oyama, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 27.8% | |
| Renewal: | 22.2% | |
| Refinance: | 16.7% | |
| No Money Down: | 16.7% | |
| Investment: | 5.6% | |
| Commercial: | 5.6% | |
| First-time Buyer: | 5.6% | |
| Total Application Types Found: 7 | ||
Average age: 47
Oldest age: 85
Youngest age: 24
The following depicts the average income of Canadians living in Summerland who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Summerland: | $53,905.33 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($5,593.13) |
| mortgage co-applicants in Summerland: | $36,714.29 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($5,688.84) |
The information shown below represents the residential status of people living in Summerland who have submitted a mortgage inquiry using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 22.2% | |
| Own: | 66.7% | |
| No Comment: | 11.1% |
The following information represents the marital status of applicants from Summerland, British Columbia using the mortgage preapproval application located at the CanEquity web site. In Summerland, 66% of the mortgage applicants are living together with someone, while only 27% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 55.6% | |
| Common-law: | 11.1% | |
| Separated: | 11.1% | |
| Single: | 11.1% | |
| Divorced: | 5.6% | |
| Widowed: | 5.6% |
