Victoria Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 6.64% | * 0.05% |
| 2007: | 13.27% | 0.10% |
| 2006: | 16.81% | 0.13% |
| 2005: | 19.03% | 0.14% |
| 2004: | 12.39% | 0.09% |
| 2003: | 17.70% | 0.13% |
| 2002: | 14.16% | 0.11% |
The 6-year bar graph below shows the individual monthly volume history for Internet pre-approval applications originating from Victoria, BC.
The graph below displays the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Victoria usually occur during our first quarter (represented by the brown bars) with 30.97% while our slowest is the fourth quarter (represented by the red bars) with 17.70%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 12.8% | |
| 2: | May: | 10.2% | |
| 3: | April: | 9.7% | |
| 4: | June: | 9.7% | |
| 5: | January: | 9.3% | |
| 6: | August: | 8.8% | |
| 7: | March: | 8.8% | |
| 8: | October: | 8.4% | |
| 9: | July: | 6.6% | |
| 10: | November: | 6.2% | |
| 11: | September: | 6.2% | |
| 12: | December: | 3.1% |
The information below compares the busy days for online inquiries 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 busiest day, with approximately 19.91% of all inquiries, is Tuesday. In comparison, Friday's are the slowest day with only 8.41% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 19.9% | |
| 2: | Thursday: | 18.6% | |
| 3: | Monday: | 16.8% | |
| 4: | Wednesday: | 14.2% | |
| 5: | Sunday: | 13.3% | |
| 6: | Saturday: | 8.8% | |
| 7: | Friday: | 8.4% |
In Victoria, mortgage applications are received 24 hours a day on our web site. The graph shown below indicates the peak hours in the day. The data is taken from all days of all years. Only 17.3% of all mortgages are received during the morning, while 75.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 4.0% |
| 01:00 to 01:59: | 1.3% |
| 02:00 to 02:59: | 1.3% |
| 03:00 to 03:59: | 0.4% |
| 06:00 to 06:59: | 1.3% |
| 07:00 to 07:59: | 0.4% |
| 08:00 to 08:59: | 1.8% |
| 09:00 to 09:59: | 4.4% |
| 10:00 to 10:59: | 2.7% |
| 11:00 to 11:59: | 6.6% |
| 12:00 to 12:59: | 7.5% |
| 13:00 to 13:59: | 7.5% |
| 14:00 to 14:59: | 4.0% |
| 15:00 to 15:59: | 7.1% |
| 16:00 to 16:59: | 6.6% |
| 17:00 to 17:59: | 5.3% |
| 18:00 to 18:59: | 8.4% |
| 19:00 to 19:59: | 8.0% |
| 20:00 to 20:59: | 6.2% |
| 21:00 to 21:59: | 4.9% |
| 22:00 to 22:59: | 5.8% |
| 23:00 to 23:59: | 4.4% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.48% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.78% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.35% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.59% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 001: | VANCOUVER, BC | 1.092% |
| 002: | SURREY, BC | 0.821% |
| 003: | VICTORIA, BC | 0.748% |
| 004: | KELOWNA, BC | 0.387% |
| 005: | ABBOTSFORD, BC | 0.357% |
| 006: | BURNABY, BC | 0.344% |
| 007: | RICHMOND, BC | 0.305% |
| 008: | KAMLOOPS, BC | 0.291% |
| 1 | Saanichton, British Columbia |
| 2 | Brentwood Bay, British Columbia |
| 3 | Sidney, British Columbia |
| 4 | Shawnigan Lake, British Columbia |
| 5 | Mill Bay, British Columbia |
| 6 | North Saanich, British Columbia |
| 7 | Salt Spring Island, British Columbia |
| 8 | Sooke, British Columbia |
| 9 | Galiano Island, British Columbia |
| 10 | Galiano, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 27.4% | |
| First-time Buyer: | 20.4% | |
| No Money Down: | 14.2% | |
| Refinance: | 11.1% | |
| Renewal: | 10.6% | |
| Purchase: | 6.2% | |
| Variable Rate: | 3.5% | |
| Pre-approval: | 1.8% | |
| Commercial: | 1.8% | |
| Low Doc: | 1.3% | |
| Second Mortgage: | 0.9% | |
| Other: | 0.8% | |
| Total Application Types Found: 13 | ||
Average age: 38
Oldest age: 75
Youngest age: 20
The following figures show the average income of Canadians living in Victoria who have applied for a home loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Victoria: | $58,087.65 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | $1,703.35 |
| mortgage co-applicants in Victoria: | $37,784.60 |
| co-applicants within all of Canada: | $39,375.53 |
| Difference: | ($1,590.93) |
The pie chart below shows the residential status of people living in Victoria who have applied for a mortgage using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 50.4% | |
| Own: | 38.5% | |
| Other: | 0.9% | |
| No Comment: | 8.8% | |
| Live with parents: | 1.3% |
The following table and pie chart represents the marital status of applicants from Victoria, British Columbia using the mortgage application found on the CanEquity Mortgage web site. In Victoria, over 61% of the mortgage applicants are living with someone, while only 37% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 47.3% | |
| Single: | 29.2% | |
| Common-law: | 14.2% | |
| Divorced: | 4.4% | |
| Separated: | 3.5% | |
| Widowed: | 1.3% |
