Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 14.58% | 0.01% |
| 2010: | 16.67% | 0.01% |
| 2009: | 18.75% | 0.02% |
| 2008: | 12.50% | 0.01% |
| 2007: | 12.50% | 0.01% |
| 2006: | 6.25% | 0.01% |
| 2004: | 10.42% | 0.01% |
| 2003: | 2.08% | 0.00% |
| 2002: | 6.25% | 0.01% |
The graph below illustrates the busy days for online mortgage applications that were received by the CanEquity web site. Each day is a representation of the combined 6-year total of all instances of that day. In Terrace the busiest day of the week, with 22.92% of all inquiries, is Thursday. In comparison, Saturday's are the slowest day with only 4.17% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 22.9% | |
| 2: | Tuesday: | 20.8% | |
| 3: | Monday: | 18.8% | |
| 4: | Wednesday: | 14.6% | |
| 5: | Friday: | 10.4% | |
| 6: | Sunday: | 8.3% | |
| 7: | Saturday: | 4.2% |
In Terrace, applications are received 24 hours a day on the CanEquity web site. The information shown below indicates the rush hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 02:00 to 02:59: | 6.3% |
| 07:00 to 07:59: | 2.1% |
| 08:00 to 08:59: | 4.2% |
| 09:00 to 09:59: | 6.3% |
| 10:00 to 10:59: | 8.3% |
| 11:00 to 11:59: | 2.1% |
| 12:00 to 12:59: | 4.2% |
| 13:00 to 13:59: | 16.7% |
| 14:00 to 14:59: | 14.6% |
| 15:00 to 15:59: | 2.1% |
| 16:00 to 16:59: | 8.3% |
| 17:00 to 17:59: | 6.3% |
| 18:00 to 18:59: | 2.1% |
| 19:00 to 19:59: | 4.2% |
| 20:00 to 20:59: | 2.1% |
| 21:00 to 21:59: | 4.2% |
| 22:00 to 22:59: | 4.2% |
| 23:00 to 23:59: | 2.1% |
| 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 | |
|---|---|---|
| 019: | VERNON, BC | 0.168% |
| 020: | DAWSON CREEK, BC | 0.119% |
| 021: | PENTICTON, BC | 0.100% |
| 022: | CAMPBELL RIVER, BC | 0.100% |
| 023: | PORT ALBERNI, BC | 0.094% |
| 024: | TERRACE, BC | 0.091% |
| 025: | SALMON ARM, BC | 0.089% |
| 026: | NELSON, BC | 0.087% |
| 027: | PORT COQUITLAM, BC | 0.085% |
| 028: | WESTBANK, BC | 0.081% |
| 029: | COURTENAY, BC | 0.079% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 22.9% | |
| No Money Down: | 18.8% | |
| Refinance: | 18.8% | |
| Purchase: | 10.4% | |
| Renewal: | 8.3% | |
| First-time Buyer: | 6.3% | |
| Pre-approval: | 4.2% | |
| Commercial: | 4.2% | |
| Equity Mortgage: | 4.2% | |
| Second Mortgage: | 2.1% | |
| Total Application Types Found: 10 | ||
Average age: 40
Oldest age: 63
Youngest age: 22
The amounts below are the average income of people living in Terrace who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Terrace: | $51,307.66 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($8,190.81) |
| mortgage co-applicants in Terrace: | $56,600.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $14,196.87 |
The information shown below represents the residential status of people living in Terrace who have submitted an inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 39.6% | |
| Own: | 50.0% | |
| Other: | 2.1% | |
| No Comment: | 4.2% | |
| Live with parents: | 4.2% |
The following table and pie chart represents the marital status of applicants from Terrace, British Columbia using the mortgage preapproval application found at the CanEquity web site. In Terrace, approximately 64% of the mortgage applicants are either married or living common-law, while only 33% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 52.1% | |
| Single: | 22.9% | |
| Common-law: | 12.5% | |
| Separated: | 10.4% | |
| Widowed: | 2.1% |
