Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 4.54% | 0.04% |
| 2010: | 10.47% | 0.10% |
| 2009: | 15.02% | 0.14% |
| 2008: | 9.49% | 0.09% |
| 2007: | 9.29% | 0.09% |
| 2006: | 13.83% | 0.13% |
| 2005: | 11.86% | 0.11% |
| 2004: | 10.47% | 0.10% |
| 2003: | 7.51% | 0.07% |
| 2002: | 7.51% | 0.07% |
The graph below illustrates CanEquity's individual monthly volume history for Internet mortgage pre-approval applications received from Vancouver, BC.
The graph below depicts the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Vancouver mostly occur during our second quarter (represented by the green bars) with 29.84% while our slowest is the fourth quarter (represented by the red bars) with 19.57%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | June: | 10.9% | |
| 2: | May: | 10.5% | |
| 3: | January: | 8.9% | |
| 4: | February: | 8.9% | |
| 5: | March: | 8.9% | |
| 6: | July: | 8.7% | |
| 7: | April: | 8.5% | |
| 8: | August: | 8.1% | |
| 9: | October: | 7.1% | |
| 10: | September: | 7.1% | |
| 11: | November: | 6.7% | |
| 12: | December: | 5.7% |
The information listed below displays the busy days for online inquiries 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 Vancouver, the day with the most volume, generating 17.39% of all applications, is Wednesday. In comparison, Saturday's are the slowest day with only 11.86% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 17.4% | |
| 2: | Monday: | 15.8% | |
| 3: | Tuesday: | 15.8% | |
| 4: | Thursday: | 14.8% | |
| 5: | Sunday: | 12.3% | |
| 6: | Friday: | 12.1% | |
| 7: | Saturday: | 11.9% |
Mortgage inquiries are received 24 hours a day from the CanEquity web site. The following 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: | 4.0% |
| 01:00 to 01:59: | 2.4% |
| 02:00 to 02:59: | 2.0% |
| 03:00 to 03:59: | 0.6% |
| 04:00 to 04:59: | 1.2% |
| 05:00 to 05:59: | 0.2% |
| 06:00 to 06:59: | 0.2% |
| 07:00 to 07:59: | 0.8% |
| 08:00 to 08:59: | 2.2% |
| 09:00 to 09:59: | 2.8% |
| 10:00 to 10:59: | 4.3% |
| 11:00 to 11:59: | 6.9% |
| 12:00 to 12:59: | 6.5% |
| 13:00 to 13:59: | 7.3% |
| 14:00 to 14:59: | 7.5% |
| 15:00 to 15:59: | 7.5% |
| 16:00 to 16:59: | 6.7% |
| 17:00 to 17:59: | 4.7% |
| 18:00 to 18:59: | 4.9% |
| 19:00 to 19:59: | 5.1% |
| 20:00 to 20:59: | 6.1% |
| 21:00 to 21:59: | 4.2% |
| 22:00 to 22:59: | 4.5% |
| 23:00 to 23:59: | 7.3% |
| 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% |
| 1 | Richmond, British Columbia |
| 2 | North Delta, British Columbia |
| 3 | Burnaby, British Columbia |
| 4 | Surrey, British Columbia |
| 5 | New Westminster, British Columbia |
| 6 | Delta, British Columbia |
| 7 | Ladner, British Columbia |
| 8 | North Vancouver, British Columbia |
| 9 | West Vancouver, British Columbia |
| 10 | Port Moody, British Columbia |
| 11 | White Rock, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 27.1% | |
| First-time Buyer: | 21.7% | |
| No Money Down: | 11.3% | |
| Renewal: | 10.1% | |
| Purchase: | 9.1% | |
| Refinance: | 8.5% | |
| Variable Rate: | 2.8% | |
| Equity Mortgage: | 2.2% | |
| Low Doc: | 1.8% | |
| Pre-approval: | 1.6% | |
| Investment: | 1.6% | |
| Other: | 2.4% | |
| Total Application Types Found: 17 | ||
Average age: 38
Oldest age: 76
Youngest age: 21
The following depicts the average income of Canadians living in Vancouver who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Vancouver: | $66,965.32 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $7,466.85 |
| mortgage co-applicants in Vancouver: | $45,192.15 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $2,789.02 |
The following table represents the residential status of people living in Vancouver who have applied for a mortgage loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 52.8% | |
| Own: | 37.0% | |
| Other: | 1.2% | |
| No Comment: | 4.7% | |
| Live with parents: | 4.3% |
The information below shows the marital status of applicants from Vancouver, British Columbia using the mortgage preapproval application located at the CanEquity web site. 49% of the mortgage applicants are living with someone, while only 49% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 42.3% | |
| Married: | 40.3% | |
| Common-law: | 9.5% | |
| Divorced: | 4.7% | |
| Separated: | 2.4% | |
| Widowed: | 0.8% |
