Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 5.62% | 0.01% |
| 2010: | 11.24% | 0.02% |
| 2009: | 19.10% | 0.03% |
| 2008: | 10.11% | 0.02% |
| 2007: | 7.87% | 0.01% |
| 2006: | 13.48% | 0.02% |
| 2005: | 7.87% | 0.01% |
| 2004: | 7.87% | 0.01% |
| 2003: | 10.11% | 0.02% |
| 2002: | 6.74% | 0.01% |
This bar graph shows the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Vernon occur during our second quarter (represented by the green bars) with 31.46% while our slowest is the first quarter (represented by the brown bars) with 19.10%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 15.7% | |
| 2: | August: | 14.6% | |
| 3: | May: | 9.0% | |
| 4: | October: | 9.0% | |
| 5: | January: | 7.9% | |
| 6: | September: | 7.9% | |
| 7: | November: | 6.7% | |
| 8: | February: | 6.7% | |
| 9: | June: | 6.7% | |
| 10: | December: | 5.6% | |
| 11: | July: | 5.6% | |
| 12: | March: | 4.5% |
The information below plots the busy days for mortgage inquiries that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Vernon the most busy day of the week, with 19.10% of all submissions, is Monday. In comparison, Sunday's are the slowest day with only 8.99% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 19.1% | |
| 2: | Tuesday: | 15.7% | |
| 3: | Wednesday: | 15.7% | |
| 4: | Thursday: | 14.6% | |
| 5: | Saturday: | 13.5% | |
| 6: | Friday: | 12.4% | |
| 7: | Sunday: | 9.0% |
In Vernon, applications are received 24 hours a day via the CanEquity web site. The report shown below represents the rush 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: | 1.1% |
| 03:00 to 03:59: | 2.2% |
| 05:00 to 05:59: | 1.1% |
| 07:00 to 07:59: | 1.1% |
| 08:00 to 08:59: | 3.4% |
| 09:00 to 09:59: | 2.2% |
| 10:00 to 10:59: | 7.9% |
| 11:00 to 11:59: | 7.9% |
| 12:00 to 12:59: | 7.9% |
| 13:00 to 13:59: | 3.4% |
| 14:00 to 14:59: | 4.5% |
| 15:00 to 15:59: | 9.0% |
| 16:00 to 16:59: | 10.1% |
| 17:00 to 17:59: | 4.5% |
| 18:00 to 18:59: | 3.4% |
| 19:00 to 19:59: | 6.7% |
| 20:00 to 20:59: | 5.6% |
| 21:00 to 21:59: | 5.6% |
| 22:00 to 22:59: | 4.5% |
| 23:00 to 23:59: | 7.9% |
| 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 | |
|---|---|---|
| 014: | LANGLEY, BC | 0.227% |
| 015: | NANAIMO, BC | 0.215% |
| 016: | MAPLE RIDGE, BC | 0.174% |
| 017: | DELTA, BC | 0.174% |
| 018: | NEW WESTMINSTER, BC | 0.170% |
| 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% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 30.3% | |
| Refinance: | 16.9% | |
| First-time Buyer: | 15.7% | |
| Purchase: | 12.4% | |
| Renewal: | 10.1% | |
| No Money Down: | 9.0% | |
| Variable Rate: | 3.4% | |
| Equity Mortgage: | 1.1% | |
| Investment: | 1.1% | |
| Total Application Types Found: 9 | ||
Average age: 40
Oldest age: 69
Youngest age: 21
The following figures show the average income of applicants living in Vernon who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Vernon: | $53,393.32 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($6,105.14) |
| mortgage co-applicants in Vernon: | $35,933.26 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($6,469.87) |
The information shown below represents the residential status of people living in Vernon who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 41.6% | |
| Own: | 48.3% | |
| Other: | 2.2% | |
| No Comment: | 5.6% | |
| Live with parents: | 2.2% |
The following pie chart represents the marital status of applicants from Vernon, British Columbia using the mortgage application located at canequity.com. In Vernon, over 62% of the mortgage applicants are living together with someone, while only 33% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 42.7% | |
| Single: | 23.6% | |
| Common-law: | 20.2% | |
| Separated: | 5.6% | |
| Divorced: | 4.5% | |
| Widowed: | 3.4% |
