Last report update for Vernon: Sunday, March 21, 2010
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Vernon Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Received from Vernon

Year Year to Year
Comparison
** National
Contribution
2010: * 3.90% * 0.01%
2009: 22.08% 0.04%
2008: 11.69% 0.02%
2007: 9.09% 0.02%
2006: 15.58% 0.03%
2005: 9.09% 0.02%
2004: 9.09% 0.02%
2003: 11.69% 0.02%
2002: 7.79% 0.01%

Note: * These values are the percentages up to Sunday, March 21, 2010. Estimated volume targets for the entire 2010 year are 15.58% and 0.03% respectively. ** Total national contribution of Vernon mortgages in the past is currently 0.18% with a projected target of 0.20%.

Busy Months for Mortgages Originating within Vernon

The graph below displays the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Vernon usually occur during our second quarter (represented by the green bars) with 33.77% while our slowest is the first quarter (represented by the brown bars) with 19.48%.

RankMonth Percentage
of Inquiries
1: April: 16.9%
2: August: 11.7%
3: May: 9.1%
4: October: 9.1%
5: February: 7.8%
6: June: 7.8%
7: November: 6.5%
8: January: 6.5%
9: December: 6.5%
10: July: 6.5%
11: September: 6.5%
12: March: 5.2%
Busy Months Report for Vernon Mortgages

Busy Days for Mortgage Inquiries within Vernon

The bar graph below compares the busy days for online inquiries that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In Vernon the busiest day, with approximately 20.78% of all applications, is Monday. In comparison, Sunday's are the slowest day with only 6.49% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 20.8%
2: Tuesday: 16.9%
3: Wednesday: 15.6%
4: Saturday: 15.6%
5: Thursday: 13.0%
6: Friday: 11.7%
7: Sunday: 6.5%
Busy Days Report for Vernon Mortgages

Peak Hours for Applicants within Vernon

Applications are received 24 hours a day via the CanEquity web site. The graph shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years. Only 24.7% of all mortgages are received before noon, while 74.0% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 1.3%
03:00 to 03:59: 2.6%
08:00 to 08:59: 3.9%
09:00 to 09:59: 2.6%
10:00 to 10:59: 9.1%
11:00 to 11:59: 6.5%
12:00 to 12:59: 7.8%
13:00 to 13:59: 2.6%
14:00 to 14:59: 2.6%
15:00 to 15:59: 7.8%
16:00 to 16:59: 10.4%
17:00 to 17:59: 5.2%
18:00 to 18:59: 3.9%
19:00 to 19:59: 6.5%
20:00 to 20:59: 6.5%
21:00 to 21:59: 6.5%
22:00 to 22:59: 5.2%
23:00 to 23:59: 9.1%
Peak Hours Graph for Mortgages in Vernon

Note: Only hours that have had mortgages from Vernon, British Columbia are shown.

British Columbia Mortgage Originations Compared to all other Provinces


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%
Vernon Mortgages

Current City Standing within British Columbia


Location Contribution
013:  FORT ST JOHN, BC 0.234%
014:  NANAIMO, BC 0.232%
015:  LANGLEY, BC 0.232%
016:  MAPLE RIDGE, BC 0.194%
017:  DELTA, BC 0.185%
018:  VERNON, BC 0.180%
019:  NEW WESTMINSTER, BC 0.173%
020:  DAWSON CREEK, BC 0.119%
021:  PENTICTON, BC 0.112%
022:  PORT ALBERNI, BC 0.103%
023:  CAMPBELL RIVER, BC 0.098%

Nearest Settlements


1Coldstream, British Columbia
2Oyama, British Columbia
3Armstrong, British Columbia
4Salmon Arm, British Columbia
5Falkland, British Columbia
6Lumby, British Columbia
7Enderby, British Columbia
8Winfield, British Columbia
9Pritchard, British Columbia
10Blind Bay, British Columbia
11Sicamous, British Columbia
12Merritt, British Columbia
13Kamloops, British Columbia
14Westbank, British Columbia
15Sorrento, British Columbia
16Celista, British Columbia
17Kelowna, British Columbia
18Chase, British Columbia
19Peachland, British Columbia


Product Popularity for Vernon


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 31.2%
First-time Buyer: 16.9%
Refinance: 16.9%
Renewal: 10.4%
Purchase: 10.4%
No Money Down: 9.1%
Variable Rate: 2.6%
Equity Mortgage: 1.3%
Investment: 1.3%
 
Total Application Types Found: 9
 Vernon Mortgage Product Popularity Pie Chart

Age Demographics for Vernon Originated Mortgages

Average age: 39
Oldest age: 65
Youngest age: 21


Incomes for Vernon Originated Mortgages

The amounts below are the average income of applicants living in Vernon who have applied for a loan using the pre-approval application on CanEquity's web site.

Average annual gross income for
mortgage applicants in Vernon: $50,785.29
applicants within all of Canada: $58,592.40
Difference: ($7,807.11)
  
mortgage co-applicants in Vernon: $34,128.66
co-applicants within all of Canada: $41,278.89
Difference: ($7,150.24)

Note: Commercial Mortgage loans were not included for this section, only residential mortgage loan amounts from Vernon, British Columbia were used.

Residential Status for Vernon Applicants

The chart and pie-graph below depicts the residential status of people living in Vernon who have submitted an inquiry using CanEquity's preapproval application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 40.3%
Own: 49.4%
Other: 1.3%
No Comment: 6.5%
Live with parents: 2.6%
Vernon Residential Status Pie Chart

Marital Statistics for Vernon Applicants

The following information represents the marital status of applicants from Vernon, British Columbia using the mortgage application found at the CanEquity web site. Over 62% of the mortgage applicants are living common-law or married, while only 35% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 45.5%
Single: 23.4%
Common-law: 16.9%
Separated: 6.5%
Divorced: 5.2%
Widowed: 2.6%
Vernon Marital Status Pie Chart