Last report update for Summerland: Wednesday, March 17, 2010
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Summerland Mortgage
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Summerland Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Received from Summerland

Year Year to Year
Comparison
** National
Contribution
2009: 18.75% 0.01%
2008: 18.75% 0.01%
2005: 6.25% 0.00%
2004: 25.00% 0.01%
2003: 18.75% 0.01%
2002: 12.50% 0.01%

Note: ** Total national contribution of Summerland mortgages in the past is currently 0.04% with a projected target of 0.04%.

British Columbia Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.10%
British Columbia 10.87%
Manitoba: 2.09%
New Brunswick: 2.10%
Newfoundland and Labrador: 1.15%
Nova Scotia: 2.91%
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%
Summerland Mortgages

Current City Standing within British Columbia


Location Contribution
056:  GOLDEN, BC 0.040%
057:  WEST VANCOUVER, BC 0.040%
058:  ALDERGROVE, BC 0.038%
059:  QUESNEL, BC 0.038%
060:  GRAND FORKS, BC 0.038%
061:  SUMMERLAND, BC 0.038%
062:  GIBSONS, BC 0.035%
063:  HOPE, BC 0.035%
064:  SALT SPRING ISLAND, BC 0.033%
065:  QUALICUM BEACH, BC 0.031%
066:  FERNIE, BC 0.031%

Nearest Settlements


1Naramata, British Columbia
2Princeton, British Columbia
3Peachland, British Columbia
4Penticton, British Columbia
5Westbank, British Columbia
6Beaverdell, British Columbia
7Kelowna, British Columbia
8Savona, British Columbia
9Kaleden, British Columbia
10Chase, British Columbia
11Winfield, British Columbia
12Merritt, British Columbia
13Oyama, British Columbia


Product Popularity for Summerland


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 25.0%
Renewal: 18.8%
Refinance: 18.8%
No Money Down: 18.8%
Investment: 6.3%
Commercial: 6.3%
First-time Buyer: 6.3%
 
Total Application Types Found: 7
 Summerland Mortgage Product Popularity Pie Chart

Age Demographics for Summerland Originated Mortgages

Average age: 47
Oldest age: 85
Youngest age: 24


Incomes for Summerland Originated Mortgages

The numbers below represent the average income of applicants living in Summerland who have submitted an inquiry using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Summerland: $50,331.00
applicants within all of Canada: $58,582.39
Difference: ($8,251.39)
  
mortgage co-applicants in Summerland: $37,833.33
co-applicants within all of Canada: $41,225.82
Difference: ($3,392.49)

Note: Commercial Mortgage loans were not included for this report, only residential loans from Summerland, British Columbia were used.

Residential Status for Summerland Applicants

The following depicts the residential status of people living in Summerland who have applied for a home loan using the CanEquity mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 25.0%
Own: 62.5%
No Comment: 12.5%
Summerland Residential Status Pie Chart

Marital Stats for Summerland Applicants

The information below shows the marital status of applicants from Summerland, British Columbia using the mortgage application found on the CanEquity Mortgage web site. In Summerland, 68% of the mortgage applicants are living with someone, while only 25% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 56.3%
Common-law: 12.5%
Single: 12.5%
Divorced: 6.3%
Widowed: 6.3%
Separated: 6.3%
Summerland Marital Status Pie Chart