Surrey Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 8.06% | * 0.07% |
| 2007: | 18.95% | 0.16% |
| 2006: | 20.57% | 0.17% |
| 2005: | 12.10% | 0.10% |
| 2004: | 14.52% | 0.12% |
| 2003: | 15.73% | 0.13% |
| 2002: | 10.08% | 0.08% |
The following bar graph depicts the individual monthly volume history for Internet mortgage applications received from Surrey, BC.
The bar graph below displays the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Surrey usually occur during our first quarter (represented by the brown bars) with 34.27% while our slowest is the third quarter (represented by the blue bars) with 15.73%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 12.1% | |
| 2: | February: | 11.7% | |
| 3: | March: | 11.7% | |
| 4: | January: | 10.9% | |
| 5: | October: | 8.9% | |
| 6: | May: | 8.5% | |
| 7: | June: | 8.1% | |
| 8: | November: | 7.7% | |
| 9: | August: | 6.5% | |
| 10: | December: | 4.8% | |
| 11: | July: | 4.8% | |
| 12: | September: | 4.4% |
The graph below illustrates the busy days for online mortgage applications that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In Surrey, the day with the most volume, having more than 18.95% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 8.06% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.9% | |
| 2: | Thursday: | 16.9% | |
| 3: | Wednesday: | 15.7% | |
| 4: | Tuesday: | 15.3% | |
| 5: | Friday: | 13.3% | |
| 6: | Sunday: | 11.7% | |
| 7: | Saturday: | 8.1% |
In Surrey, inquiries are received 24 hours a day on the CanEquity web site. The report shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 2.8% |
| 01:00 to 01:59: | 4.0% |
| 03:00 to 03:59: | 0.4% |
| 04:00 to 04:59: | 1.6% |
| 05:00 to 05:59: | 0.8% |
| 07:00 to 07:59: | 1.2% |
| 08:00 to 08:59: | 1.2% |
| 09:00 to 09:59: | 2.4% |
| 10:00 to 10:59: | 6.5% |
| 11:00 to 11:59: | 7.3% |
| 12:00 to 12:59: | 10.1% |
| 13:00 to 13:59: | 4.0% |
| 14:00 to 14:59: | 6.9% |
| 15:00 to 15:59: | 5.6% |
| 16:00 to 16:59: | 7.3% |
| 17:00 to 17:59: | 5.2% |
| 18:00 to 18:59: | 8.1% |
| 19:00 to 19:59: | 4.0% |
| 20:00 to 20:59: | 6.0% |
| 21:00 to 21:59: | 5.2% |
| 22:00 to 22:59: | 5.2% |
| 23:00 to 23:59: | 4.0% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.49% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.12% |
| Nova Scotia: | 2.77% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.36% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.60% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 001: | VANCOUVER, BC | 1.097% |
| 002: | SURREY, BC | 0.824% |
| 003: | VICTORIA, BC | 0.748% |
| 004: | KELOWNA, BC | 0.389% |
| 005: | ABBOTSFORD, BC | 0.356% |
| 006: | BURNABY, BC | 0.342% |
| 007: | RICHMOND, BC | 0.303% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 23.0% | |
| Refinance: | 18.5% | |
| First-time Buyer: | 15.7% | |
| No Money Down: | 14.9% | |
| Renewal: | 13.7% | |
| Purchase: | 4.4% | |
| Pre-approval: | 2.0% | |
| Second Mortgage: | 1.6% | |
| Equity Mortgage: | 1.6% | |
| Variable Rate: | 1.6% | |
| Other: | 2.8% | |
| Total Application Types Found: 16 | ||
Average age: 38
Oldest age: 71
Youngest age: 21
The information below represents the average income of applicants living in Surrey who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Surrey: | $60,255.51 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $3,908.02 |
| mortgage co-applicants in Surrey: | $38,900.07 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | ($430.63) |
The following table represents the residential status of people living in Surrey who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 40.3% | |
| Own: | 48.8% | |
| Other: | 1.2% | |
| No Comment: | 5.6% | |
| Live with parents: | 4.0% |
The information below shows the marital status of applicants from Surrey, British Columbia using the mortgage preapproval application found at the CanEquity web site. In Surrey, 63% of the mortgage applicants are either married or living common-law, while only 35% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 55.6% | |
| Single: | 26.6% | |
| Common-law: | 7.7% | |
| Separated: | 4.8% | |
| Divorced: | 3.6% | |
| Widowed: | 1.6% |
