Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 8.97% | 0.06% |
| 2010: | 7.65% | 0.06% |
| 2009: | 13.46% | 0.10% |
| 2008: | 9.76% | 0.07% |
| 2007: | 12.40% | 0.09% |
| 2006: | 13.46% | 0.10% |
| 2005: | 7.92% | 0.06% |
| 2004: | 9.50% | 0.07% |
| 2003: | 10.29% | 0.07% |
| 2002: | 6.60% | 0.05% |
The following displays the individual monthly volume history for Internet mortgage applications sent from Surrey, BC.
The 6-year bar graph below depicts the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Surrey occur during our first quarter (represented by the brown bars) with 32.45% while our slowest is the fourth quarter (represented by the red bars) with 18.73%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 11.4% | |
| 2: | April: | 10.8% | |
| 3: | January: | 10.6% | |
| 4: | February: | 10.6% | |
| 5: | May: | 10.0% | |
| 6: | June: | 8.4% | |
| 7: | October: | 7.9% | |
| 8: | August: | 7.4% | |
| 9: | November: | 6.6% | |
| 10: | July: | 6.3% | |
| 11: | September: | 5.8% | |
| 12: | December: | 4.2% |
The data below compares the busy days for Internet mortgage applications that were received by the CanEquity web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Surrey the most busy day of the week, with 18.47% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 7.65% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.5% | |
| 2: | Thursday: | 18.2% | |
| 3: | Wednesday: | 17.1% | |
| 4: | Tuesday: | 15.3% | |
| 5: | Friday: | 13.5% | |
| 6: | Sunday: | 9.8% | |
| 7: | Saturday: | 7.7% |
Inquiries are received 24 hours a day on the CanEquity web site. The information shown below indicates the peak 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: | 3.7% |
| 01:00 to 01:59: | 3.2% |
| 02:00 to 02:59: | 0.5% |
| 03:00 to 03:59: | 0.5% |
| 04:00 to 04:59: | 1.1% |
| 05:00 to 05:59: | 0.5% |
| 07:00 to 07:59: | 1.1% |
| 08:00 to 08:59: | 1.6% |
| 09:00 to 09:59: | 2.4% |
| 10:00 to 10:59: | 6.3% |
| 11:00 to 11:59: | 7.4% |
| 12:00 to 12:59: | 8.4% |
| 13:00 to 13:59: | 6.1% |
| 14:00 to 14:59: | 7.1% |
| 15:00 to 15:59: | 6.6% |
| 16:00 to 16:59: | 6.9% |
| 17:00 to 17:59: | 5.3% |
| 18:00 to 18:59: | 6.6% |
| 19:00 to 19:59: | 4.5% |
| 20:00 to 20:59: | 6.6% |
| 21:00 to 21:59: | 5.3% |
| 22:00 to 22:59: | 5.0% |
| 23:00 to 23:59: | 3.4% |
| 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 | |
|---|---|---|
| 001: | VANCOUVER, BC | 0.955% |
| 002: | SURREY, BC | 0.715% |
| 003: | VICTORIA, BC | 0.664% |
| 004: | KELOWNA, BC | 0.327% |
| 005: | BURNABY, BC | 0.327% |
| 006: | ABBOTSFORD, BC | 0.294% |
| 007: | PRINCE GEORGE, BC | 0.291% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 22.7% | |
| Refinance: | 19.0% | |
| Renewal: | 14.0% | |
| No Money Down: | 13.7% | |
| First-time Buyer: | 12.9% | |
| Purchase: | 8.7% | |
| Equity Mortgage: | 1.6% | |
| Variable Rate: | 1.6% | |
| Pre-approval: | 1.3% | |
| Second Mortgage: | 1.1% | |
| Other: | 3.6% | |
| Total Application Types Found: 18 | ||
Average age: 39
Oldest age: 71
Youngest age: 21
The amounts shown below represent the average income of people living in Surrey who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Surrey: | $62,549.93 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $3,051.47 |
| mortgage co-applicants in Surrey: | $45,459.01 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $3,055.88 |
The chart and pie-graph below depicts the residential status of people living in Surrey who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 39.1% | |
| Own: | 51.2% | |
| Other: | 1.3% | |
| No Comment: | 4.2% | |
| Live with parents: | 4.2% |
The following pie chart represents the marital status of applicants from Surrey, British Columbia using the mortgage application located at canequity.com. Approximately 65% of the mortgage applicants are living with someone, while only 32% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 57.5% | |
| Single: | 24.8% | |
| Common-law: | 8.2% | |
| Separated: | 4.2% | |
| Divorced: | 4.0% | |
| Widowed: | 1.3% |
