Vernon Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| 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% |
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%.
| Rank | Month | 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% |
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% |
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% |
| 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 | |
|---|---|---|
| 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% |
| 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 | ||
Average age: 39
Oldest age: 65
Youngest age: 21
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) |
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% |
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% |
