Last report update for Vernon: Tuesday, May 6, 2008
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Vernon Mortgage
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Armstrong
Blind Bay
Coldstream
Enderby
Falkland
Lumby
Oyama
Pritchard
Salmon Arm
Winfield

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Vernon Mortgages

British Columbia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Applications from Vernon

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%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 24.53% and 0.04% 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 within Vernon

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%.

RankMonth 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%
Busy Months Report for Vernon Mortgages

Busy Days for Mortgage Inquiries within Vernon

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%
Busy Days Report for Vernon Mortgages

Peak Hours for Mortgage Applicants within Vernon

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%
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: 21.01%
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%
Vernon Mortgages

Current City Standing within British Columbia


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%

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: 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
 Vernon Mortgage Product Popularity Pie Chart

Age Demographics for Vernon Mortgages

Average age: 38
Oldest age: 57
Youngest age: 21


Incomes for Vernon Mortgages

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)

Note: Commercial Mortgage loans were not included for this section, only residential mortgage loans were used.

Residential Status for Vernon Mortgage Applicants

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%
Vernon Residential Status Pie Chart

Marital Status for Vernon Mortgage Applicants

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%
Vernon Marital Status Pie Chart