Victoria Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 2.58% | * 0.02% |
| 2009: | 17.42% | 0.13% |
| 2008: | 11.94% | 0.09% |
| 2007: | 9.68% | 0.07% |
| 2006: | 12.26% | 0.09% |
| 2005: | 13.87% | 0.10% |
| 2004: | 9.03% | 0.07% |
| 2003: | 12.90% | 0.09% |
| 2002: | 10.32% | 0.07% |
The graph below illustrates CanEquity's individual monthly volume history for Internet applications submitted from Victoria, BC.
This bar graph depicts the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Victoria happen to occur during our first quarter (represented by the brown bars) with 29.68% while our slowest is the fourth quarter (represented by the red bars) with 18.06%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 11.3% | |
| 2: | May: | 10.3% | |
| 3: | April: | 10.3% | |
| 4: | January: | 10.0% | |
| 5: | June: | 9.0% | |
| 6: | March: | 8.4% | |
| 7: | October: | 8.1% | |
| 8: | September: | 8.1% | |
| 9: | August: | 7.4% | |
| 10: | July: | 7.1% | |
| 11: | November: | 6.5% | |
| 12: | December: | 3.5% |
The data below illustrates the busy days for online mortgage applications 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 Victoria the most busy day of the week, with 19.68% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 8.06% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 19.7% | |
| 2: | Monday: | 19.0% | |
| 3: | Thursday: | 17.1% | |
| 4: | Wednesday: | 14.5% | |
| 5: | Sunday: | 12.9% | |
| 6: | Friday: | 8.7% | |
| 7: | Saturday: | 8.1% |
Mortgage applications are received 24 hours a day on our 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.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.5% |
| 01:00 to 01:59: | 1.9% |
| 02:00 to 02:59: | 1.3% |
| 03:00 to 03:59: | 0.3% |
| 06:00 to 06:59: | 1.0% |
| 07:00 to 07:59: | 0.3% |
| 08:00 to 08:59: | 1.3% |
| 09:00 to 09:59: | 4.2% |
| 10:00 to 10:59: | 3.9% |
| 11:00 to 11:59: | 6.1% |
| 12:00 to 12:59: | 8.7% |
| 13:00 to 13:59: | 7.1% |
| 14:00 to 14:59: | 4.5% |
| 15:00 to 15:59: | 6.1% |
| 16:00 to 16:59: | 7.4% |
| 17:00 to 17:59: | 6.5% |
| 18:00 to 18:59: | 7.1% |
| 19:00 to 19:59: | 7.1% |
| 20:00 to 20:59: | 6.5% |
| 21:00 to 21:59: | 4.8% |
| 22:00 to 22:59: | 6.1% |
| 23:00 to 23:59: | 4.2% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| 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: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 001: | VANCOUVER, BC | 1.063% |
| 002: | SURREY, BC | 0.763% |
| 003: | VICTORIA, BC | 0.728% |
| 004: | BURNABY, BC | 0.359% |
| 005: | KELOWNA, BC | 0.333% |
| 006: | ABBOTSFORD, BC | 0.303% |
| 007: | CHILLIWACK, BC | 0.275% |
| 008: | PRINCE GEORGE, BC | 0.272% |
| 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: | 27.1% | |
| First-time Buyer: | 16.8% | |
| No Money Down: | 16.1% | |
| Renewal: | 13.2% | |
| Refinance: | 10.3% | |
| Purchase: | 6.1% | |
| Variable Rate: | 2.6% | |
| Pre-approval: | 1.9% | |
| Commercial: | 1.6% | |
| Low Doc: | 1.3% | |
| Second Mortgage: | 1.0% | |
| Investment: | 1.0% | |
| Other: | 0.9% | |
| Total Application Types Found: 15 | ||
Average age: 39
Oldest age: 75
Youngest age: 20
The figures below represent the average income of applicants living in Victoria who have submitted an inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Victoria: | $58,987.05 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $404.66 |
| mortgage co-applicants in Victoria: | $40,556.11 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | ($669.71) |
The information below represents the residential status of people living in Victoria who have applied for a mortgage loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 49.4% | |
| Own: | 41.6% | |
| Other: | 1.0% | |
| No Comment: | 6.5% | |
| Live with parents: | 1.6% |
The following pie chart represents the marital status of applicants from Victoria, British Columbia using the online mortgage application found on the CanEquity Mortgage web site. In Victoria, over 61% of the mortgage applicants are living common-law or married, while only 37% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 49.7% | |
| Single: | 28.7% | |
| Common-law: | 12.3% | |
| Divorced: | 4.5% | |
| Separated: | 3.9% | |
| Widowed: | 1.0% |
