Vancouver Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 7.27% | * 0.08% |
| 2007: | 14.24% | 0.16% |
| 2006: | 21.21% | 0.23% |
| 2005: | 18.18% | 0.20% |
| 2004: | 16.06% | 0.18% |
| 2003: | 11.52% | 0.13% |
| 2002: | 11.52% | 0.13% |
The graph below displays the individual monthly volume history for Internet mortgage pre-approval applications submitted from Vancouver, BC.
The following represents the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Vancouver seem to occur during our second quarter (represented by the green bars) with 29.39% while our slowest is the fourth quarter (represented by the red bars) with 19.09%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 10.9% | |
| 2: | July: | 10.0% | |
| 3: | June: | 9.7% | |
| 4: | February: | 9.4% | |
| 5: | January: | 8.8% | |
| 6: | April: | 8.8% | |
| 7: | March: | 8.8% | |
| 8: | August: | 7.6% | |
| 9: | November: | 7.0% | |
| 10: | October: | 7.0% | |
| 11: | September: | 7.0% | |
| 12: | December: | 5.2% |
The information listed below plots the busy days for online mortgage applications that were received by CanEquity's web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Vancouver, the day with the most volume, having more than 16.97% of all inquiries, is Wednesday. In comparison, Saturday's are the slowest day with only 12.73% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 17.0% | |
| 2: | Tuesday: | 14.9% | |
| 3: | Monday: | 14.2% | |
| 4: | Thursday: | 14.2% | |
| 5: | Friday: | 13.9% | |
| 6: | Sunday: | 13.0% | |
| 7: | Saturday: | 12.7% |
Vancouver mortgage applications are received 24 hours a day via the CanEquity web site. The information shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years. Only 18.5% of all mortgages are received during the morning, while 72.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 5.2% |
| 01:00 to 01:59: | 1.5% |
| 02:00 to 02:59: | 1.5% |
| 03:00 to 03:59: | 0.6% |
| 04:00 to 04:59: | 1.2% |
| 05:00 to 05:59: | 0.3% |
| 06:00 to 06:59: | 0.3% |
| 07:00 to 07:59: | 0.6% |
| 08:00 to 08:59: | 1.8% |
| 09:00 to 09:59: | 2.1% |
| 10:00 to 10:59: | 5.2% |
| 11:00 to 11:59: | 7.0% |
| 12:00 to 12:59: | 6.1% |
| 13:00 to 13:59: | 7.0% |
| 14:00 to 14:59: | 7.6% |
| 15:00 to 15:59: | 7.6% |
| 16:00 to 16:59: | 6.1% |
| 17:00 to 17:59: | 6.4% |
| 18:00 to 18:59: | 4.5% |
| 19:00 to 19:59: | 5.2% |
| 20:00 to 20:59: | 5.8% |
| 21:00 to 21:59: | 3.9% |
| 22:00 to 22:59: | 4.5% |
| 23:00 to 23:59: | 8.2% |
| 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% |
| 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: | 30.0% | |
| First-time Buyer: | 23.0% | |
| No Money Down: | 10.9% | |
| Renewal: | 9.1% | |
| Refinance: | 8.5% | |
| Purchase: | 5.8% | |
| Variable Rate: | 3.3% | |
| Pre-approval: | 1.8% | |
| Investment: | 1.8% | |
| Low Doc: | 1.5% | |
| Equity Mortgage: | 1.5% | |
| Second Mortgage: | 1.2% | |
| Commercial: | 0.9% | |
| Other: | 0.6% | |
| Total Application Types Found: 15 | ||
Average age: 37
Oldest age: 76
Youngest age: 21
The following depicts the average income of people living in Vancouver who have submitted an inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Vancouver: | $61,595.19 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $5,247.69 |
| mortgage co-applicants in Vancouver: | $40,760.82 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | $1,430.11 |
The chart and pie-graph below depicts the residential status of people living in Vancouver who have applied for a mortgage loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 52.4% | |
| Own: | 35.2% | |
| Other: | 1.5% | |
| No Comment: | 7.3% | |
| Live with parents: | 3.6% |
The information below shows the marital status of applicants from Vancouver, British Columbia using the mortgage application located at canequity.com. 53% of the mortgage applicants are either married or living common-law, while only 46% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 42.4% | |
| Single: | 40.6% | |
| Common-law: | 10.9% | |
| Divorced: | 3.0% | |
| Separated: | 2.7% | |
| Widowed: | 0.3% |
