Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 6.53% | 0.04% |
| 2010: | 7.67% | 0.05% |
| 2009: | 15.34% | 0.10% |
| 2008: | 10.51% | 0.07% |
| 2007: | 8.52% | 0.06% |
| 2006: | 10.80% | 0.07% |
| 2005: | 12.22% | 0.08% |
| 2004: | 7.96% | 0.05% |
| 2003: | 11.36% | 0.08% |
| 2002: | 9.09% | 0.06% |
The 6-year bar graph below illustrates CanEquity's individual monthly volume history for Internet pre-approval applications sent from Victoria, BC.
This graph depicts the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Victoria usually occur during our second quarter (represented by the green bars) with 29.83% while our slowest is the fourth quarter (represented by the red bars) with 18.75%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 11.1% | |
| 2: | April: | 10.5% | |
| 3: | May: | 9.9% | |
| 4: | June: | 9.4% | |
| 5: | January: | 9.1% | |
| 6: | September: | 8.2% | |
| 7: | August: | 8.0% | |
| 8: | March: | 8.0% | |
| 9: | October: | 7.7% | |
| 10: | November: | 7.1% | |
| 11: | July: | 7.1% | |
| 12: | December: | 4.0% |
The graph listed below compares the busy days for mortgage applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Victoria the most busy day of the week, with 18.75% of all submissions, is Monday. In comparison, Friday's are the slowest day with only 9.66% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.8% | |
| 2: | Tuesday: | 18.8% | |
| 3: | Thursday: | 16.2% | |
| 4: | Wednesday: | 13.6% | |
| 5: | Sunday: | 13.1% | |
| 6: | Saturday: | 9.9% | |
| 7: | Friday: | 9.7% |
In Victoria, applications are received 24 hours a day via the CanEquity web site. The graph shown below represents the peak hours over 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: | 3.4% |
| 01:00 to 01:59: | 2.3% |
| 02:00 to 02:59: | 1.1% |
| 03:00 to 03:59: | 0.3% |
| 06:00 to 06:59: | 1.1% |
| 07:00 to 07:59: | 0.6% |
| 08:00 to 08:59: | 1.4% |
| 09:00 to 09:59: | 5.4% |
| 10:00 to 10:59: | 4.0% |
| 11:00 to 11:59: | 7.1% |
| 12:00 to 12:59: | 7.7% |
| 13:00 to 13:59: | 6.5% |
| 14:00 to 14:59: | 4.8% |
| 15:00 to 15:59: | 7.1% |
| 16:00 to 16:59: | 7.1% |
| 17:00 to 17:59: | 6.8% |
| 18:00 to 18:59: | 6.3% |
| 19:00 to 19:59: | 7.4% |
| 20:00 to 20:59: | 6.0% |
| 21:00 to 21:59: | 4.5% |
| 22:00 to 22:59: | 5.4% |
| 23:00 to 23:59: | 3.7% |
| 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 | |
|---|---|---|
| 001: | VANCOUVER, BC | 0.955% |
| 002: | SURREY, BC | 0.715% |
| 003: | VICTORIA, BC | 0.664% |
| 004: | KELOWNA, BC | 0.327% |
| 005: | BURNABY, BC | 0.327% |
| 006: | ABBOTSFORD, BC | 0.294% |
| 007: | PRINCE GEORGE, BC | 0.291% |
| 008: | RICHMOND, BC | 0.277% |
| 1 | Brentwood Bay, British Columbia |
| 2 | Saanichton, British Columbia |
| 3 | Sidney, British Columbia |
| 4 | Shawnigan Lake, British Columbia |
| 5 | Mill Bay, British Columbia |
| 6 | North Saanich, British Columbia |
| 7 | Pender Island, British Columbia |
| 8 | Salt Spring Island, British Columbia |
| 9 | Sooke, British Columbia |
| 10 | Galiano Island, British Columbia |
| 11 | Galiano, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 25.6% | |
| No Money Down: | 16.8% | |
| First-time Buyer: | 15.6% | |
| Renewal: | 11.9% | |
| Refinance: | 10.8% | |
| Purchase: | 8.2% | |
| Variable Rate: | 2.6% | |
| Commercial: | 2.0% | |
| Pre-approval: | 1.7% | |
| Low Doc: | 1.4% | |
| Second Mortgage: | 1.1% | |
| Investment: | 0.9% | |
| Other: | 1.5% | |
| Total Application Types Found: 16 | ||
Average age: 40
Oldest age: 75
Youngest age: 20
The amounts shown below represent the average income of people living in Victoria who have submitted an inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Victoria: | $60,148.81 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $650.34 |
| mortgage co-applicants in Victoria: | $42,577.08 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $173.95 |
The chart and pie-graph below depicts the residential status of people living in Victoria who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 50.0% | |
| Own: | 41.5% | |
| Other: | 1.1% | |
| No Comment: | 5.7% | |
| Live with parents: | 1.7% |
The following table and pie chart represents the marital status of applicants from Victoria, British Columbia using the online mortgage application found on the CanEquity Mortgage web site. 63% of the mortgage applicants are either married or living common-law, while only 35% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 51.1% | |
| Single: | 26.7% | |
| Common-law: | 12.8% | |
| Divorced: | 4.3% | |
| Separated: | 4.3% | |
| Widowed: | 0.9% |
