Vernon Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 9.43% | * 0.02% |
| 2007: | 13.21% | 0.02% |
| 2006: | 22.64% | 0.04% |
| 2005: | 13.21% | 0.02% |
| 2004: | 13.21% | 0.02% |
| 2003: | 16.98% | 0.03% |
| 2002: | 11.32% | 0.02% |
The following shows the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Vernon mostly occur during our second quarter (represented by the green bars) with 32.08% while our slowest is the first quarter (represented by the brown bars) with 16.98%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 20.8% | |
| 2: | August: | 13.2% | |
| 3: | October: | 11.3% | |
| 4: | November: | 7.5% | |
| 5: | December: | 7.5% | |
| 6: | February: | 7.5% | |
| 7: | September: | 7.5% | |
| 8: | May: | 5.7% | |
| 9: | March: | 5.7% | |
| 10: | June: | 5.7% | |
| 11: | January: | 3.8% | |
| 12: | July: | 3.8% |
The bar graph listed below shows the busy days for online inquiries that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Vernon, the day with the most volume, generating 22.64% of all submissions, is Monday. In comparison, Sunday's are the slowest day with only 5.66% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 22.6% | |
| 2: | Saturday: | 20.8% | |
| 3: | Tuesday: | 18.9% | |
| 4: | Friday: | 15.1% | |
| 5: | Wednesday: | 9.4% | |
| 6: | Thursday: | 7.5% | |
| 7: | Sunday: | 5.7% |
In Vernon, mortgage applications are received 24 hours a day via the CanEquity web site. The following represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 22.6% of all mortgages are received before noon, while 75.5% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 03:00 to 03:59: | 1.9% |
| 08:00 to 08:59: | 1.9% |
| 09:00 to 09:59: | 3.8% |
| 10:00 to 10:59: | 11.3% |
| 11:00 to 11:59: | 5.7% |
| 12:00 to 12:59: | 5.7% |
| 13:00 to 13:59: | 3.8% |
| 14:00 to 14:59: | 3.8% |
| 15:00 to 15:59: | 9.4% |
| 16:00 to 16:59: | 11.3% |
| 17:00 to 17:59: | 3.8% |
| 18:00 to 18:59: | 3.8% |
| 19:00 to 19:59: | 7.5% |
| 20:00 to 20:59: | 3.8% |
| 21:00 to 21:59: | 5.7% |
| 22:00 to 22:59: | 7.5% |
| 23:00 to 23:59: | 9.4% |
| 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 | |
|---|---|---|
| 014: | NANAIMO, BC | 0.243% |
| 015: | LANGLEY, BC | 0.233% |
| 016: | MAPLE RIDGE, BC | 0.203% |
| 017: | DELTA, BC | 0.193% |
| 018: | NEW WESTMINSTER, BC | 0.180% |
| 019: | VERNON, BC | 0.176% |
| 020: | PENTICTON, BC | 0.136% |
| 021: | DAWSON CREEK, BC | 0.110% |
| 022: | DUNCAN, BC | 0.103% |
| 023: | SALMON ARM, BC | 0.100% |
| 024: | MISSION, BC | 0.100% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 32.1% | |
| First-time Buyer: | 17.0% | |
| Refinance: | 17.0% | |
| No Money Down: | 11.3% | |
| Renewal: | 9.4% | |
| Purchase: | 9.4% | |
| Equity Mortgage: | 1.9% | |
| Variable Rate: | 1.9% | |
| Total Application Types Found: 8 | ||
Average age: 38
Oldest age: 57
Youngest age: 21
The following depicts the average income of applicants living in Vernon who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Vernon: | $47,613.58 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | ($8,733.91) |
| mortgage co-applicants in Vernon: | $35,891.95 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | ($3,438.75) |
The table and pie chart below represents the residential status of people living in Vernon who have applied for a mortgage using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 45.3% | |
| Own: | 41.5% | |
| No Comment: | 9.4% | |
| Live with parents: | 3.8% |
The following pie chart represents the marital status of applicants from Vernon, British Columbia using the mortgage application located at the CanEquity web site. Over 54% of the mortgage applicants are living common-law or married, while only 41% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 41.5% | |
| Single: | 28.3% | |
| Common-law: | 13.2% | |
| Separated: | 7.5% | |
| Divorced: | 5.7% | |
| Widowed: | 3.8% |
