Last report update for Summerland: Friday, May 16, 2008
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Summerland Mortgage
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Related Links:
Beaverdell
Chase
Kaleden
Kelowna
Naramata
Peachland
Penticton
Princeton
Savona
Westbank

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Summerland Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Applications from Summerland

Year Year to Year
Comparison
** National
Contribution
2008: * 16.67% * 0.01%
2005: 8.33% 0.00%
2004: 33.33% 0.01%
2003: 25.00% 0.01%
2002: 16.67% 0.01%

Note: * These values are the percentages up to Friday, May 16, 2008. Estimated volume targets for the entire 2008 year are 33.33% and 0.01% respectively. ** Total national contribution of Summerland mortgages in the past is currently 0.04% with a projected target of 0.05%.

Current City Standing within British Columbia


Location Contribution
055:  PRINCE RUPERT, BC 0.043%
056:  GRAND FORKS, BC 0.040%
057:  COMOX, BC 0.040%
058:  GIBSONS, BC 0.040%
059:  FERNIE, BC 0.040%
060:  SUMMERLAND, BC 0.040%
061:  OSOYOOS, BC 0.036%
062:  QUALICUM BEACH, BC 0.036%
063:  WHISTLER, BC 0.036%
064:  TRAIL, BC 0.033%
065:  PORT HARDY, BC 0.033%

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: 33.3%
Renewal: 16.7%
Refinance: 16.7%
No Money Down: 8.3%
Investment: 8.3%
Commercial: 8.3%
First-time Buyer: 8.3%
 
Total Application Types Found: 7
 Summerland Mortgage Product Popularity Pie Chart

Age Demographics for Summerland Mortgage Applicants

Average age: 43
Oldest age: 67
Youngest age: 24


Incomes for Summerland Mortgage Applicants

The amounts shown below represent the average income of Canadians living in Summerland who have submitted a mortgage inquiry using CanEquity's online mortgage application.

Average annual gross income for
mortgage applicants in Summerland: $49,787.67
applicants within all of Canada: $56,403.93
Difference: ($6,616.26)
  
mortgage co-applicants in Summerland: $34,250.00
co-applicants within all of Canada: $39,395.85
Difference: ($5,145.85)

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

Residential Status for Summerland Mortgages

The chart and pie-graph below depicts 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: 16.7%
Own: 66.7%
No Comment: 16.7%
Summerland Residential Status Pie Chart

Marital Status for Summerland Mortgages

The following pie chart represents the marital status of applicants from Summerland, British Columbia using the mortgage preapproval application found on the CanEquity Mortgage web site. Approximately 75% of the mortgage applicants are either married or living common-law, while only 25% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 66.7%
Single: 16.7%
Divorced: 8.3%
Common-law: 8.3%
Summerland Marital Status Pie Chart