Vancouver Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 5.08% | * 0.05% |
| 2009: | 16.78% | 0.18% |
| 2008: | 10.60% | 0.11% |
| 2007: | 10.38% | 0.11% |
| 2006: | 15.45% | 0.16% |
| 2005: | 13.24% | 0.14% |
| 2004: | 11.70% | 0.12% |
| 2003: | 8.39% | 0.09% |
| 2002: | 8.39% | 0.09% |
The 6-year bar graph below displays our website's individual monthly volume history for Internet applications received from Vancouver, BC.
The graph below shows the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Vancouver happen to occur during our second quarter (represented by the green bars) with 28.26% while our slowest is the fourth quarter (represented by the red bars) with 19.87%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 10.8% | |
| 2: | January: | 9.9% | |
| 3: | February: | 9.5% | |
| 4: | June: | 9.3% | |
| 5: | July: | 8.6% | |
| 6: | March: | 8.4% | |
| 7: | April: | 8.2% | |
| 8: | August: | 8.2% | |
| 9: | September: | 7.3% | |
| 10: | November: | 6.8% | |
| 11: | October: | 6.8% | |
| 12: | December: | 6.2% |
The information listed below illustrates the busy days for online 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 Vancouver the most busy day of the week, with 17.00% of all inquiries, is Wednesday. In comparison, Saturday's are the slowest day with only 11.48% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 17.0% | |
| 2: | Monday: | 16.6% | |
| 3: | Tuesday: | 15.9% | |
| 4: | Thursday: | 15.2% | |
| 5: | Sunday: | 12.1% | |
| 6: | Friday: | 11.7% | |
| 7: | Saturday: | 11.5% |
In Vancouver, mortgage applications are received 24 hours a day via the CanEquity web site. The time periods below represents the rush hours in the day. 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: | 2.6% |
| 02:00 to 02:59: | 2.2% |
| 03:00 to 03:59: | 0.4% |
| 04:00 to 04:59: | 1.1% |
| 05:00 to 05:59: | 0.2% |
| 06:00 to 06:59: | 0.2% |
| 07:00 to 07:59: | 0.9% |
| 08:00 to 08:59: | 2.2% |
| 09:00 to 09:59: | 2.9% |
| 10:00 to 10:59: | 4.2% |
| 11:00 to 11:59: | 6.8% |
| 12:00 to 12:59: | 6.6% |
| 13:00 to 13:59: | 7.1% |
| 14:00 to 14:59: | 7.5% |
| 15:00 to 15:59: | 7.5% |
| 16:00 to 16:59: | 6.6% |
| 17:00 to 17:59: | 5.3% |
| 18:00 to 18:59: | 5.3% |
| 19:00 to 19:59: | 5.3% |
| 20:00 to 20:59: | 5.7% |
| 21:00 to 21:59: | 4.0% |
| 22:00 to 22:59: | 4.2% |
| 23:00 to 23:59: | 7.1% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.11% |
| British Columbia: | 10.86% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.11% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.15% |
| Saskatchewan: | 5.06% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 001: | VANCOUVER, BC | 1.061% |
| 002: | SURREY, BC | 0.761% |
| 003: | VICTORIA, BC | 0.728% |
| 004: | BURNABY, BC | 0.358% |
| 005: | KELOWNA, BC | 0.333% |
| 006: | ABBOTSFORD, BC | 0.302% |
| 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: | 28.9% | |
| First-time Buyer: | 22.5% | |
| No Money Down: | 10.8% | |
| Renewal: | 10.2% | |
| Refinance: | 7.9% | |
| Purchase: | 7.3% | |
| Variable Rate: | 2.9% | |
| Low Doc: | 2.0% | |
| Pre-approval: | 1.8% | |
| Equity Mortgage: | 1.8% | |
| Investment: | 1.8% | |
| Second Mortgage: | 0.9% | |
| Other: | 1.3% | |
| Total Application Types Found: 16 | ||
Average age: 38
Oldest age: 76
Youngest age: 21
The information below represents the average income of Canadians living in Vancouver who have applied for a home loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Vancouver: | $66,838.60 |
| applicants within all of Canada: | $58,592.40 |
| Difference: | $8,246.19 |
| mortgage co-applicants in Vancouver: | $41,467.09 |
| co-applicants within all of Canada: | $41,278.89 |
| Difference: | $188.20 |
The following depicts the residential status of people living in Vancouver who have applied for a mortgage using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 52.1% | |
| Own: | 37.1% | |
| Other: | 1.1% | |
| No Comment: | 5.3% | |
| Live with parents: | 4.4% |
The following table and pie chart represents the marital status of applicants from Vancouver, British Columbia using the mortgage application found at canequity.com. Approximately 50% of the mortgage applicants are living common-law or married, while only 48% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 41.9% | |
| Married: | 41.1% | |
| Common-law: | 9.9% | |
| Divorced: | 3.5% | |
| Separated: | 2.6% | |
| Widowed: | 0.9% |
