Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 15.00% | 0.01% |
| 2010: | 5.00% | 0.00% |
| 2009: | 10.00% | 0.00% |
| 2007: | 10.00% | 0.00% |
| 2006: | 15.00% | 0.01% |
| 2005: | 5.00% | 0.00% |
| 2004: | 20.00% | 0.01% |
| 2003: | 10.00% | 0.00% |
| 2002: | 10.00% | 0.00% |
Mortgage applications are received 24 hours a day from our web site. The information shown below represents the peak hours within 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: | 5.0% |
| 01:00 to 01:59: | 5.0% |
| 09:00 to 09:59: | 5.0% |
| 10:00 to 10:59: | 5.0% |
| 11:00 to 11:59: | 15.0% |
| 12:00 to 12:59: | 15.0% |
| 13:00 to 13:59: | 10.0% |
| 14:00 to 14:59: | 5.0% |
| 15:00 to 15:59: | 10.0% |
| 16:00 to 16:59: | 5.0% |
| 17:00 to 17:59: | 5.0% |
| 18:00 to 18:59: | 5.0% |
| 21:00 to 21:59: | 5.0% |
| 23:00 to 23:59: | 5.0% |
| 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 | |
|---|---|---|
| 057: | FORT NELSON, BC | 0.040% |
| 058: | SMITHERS, BC | 0.038% |
| 059: | SIDNEY, BC | 0.038% |
| 060: | GOLDEN, BC | 0.038% |
| 061: | TUMBLER RIDGE, BC | 0.038% |
| 062: | WEST VANCOUVER, BC | 0.038% |
| 063: | AGASSIZ, BC | 0.036% |
| 064: | GIBSONS, BC | 0.036% |
| 065: | SUMMERLAND, BC | 0.034% |
| 066: | SALT SPRING ISLAND, BC | 0.032% |
| 067: | FERNIE, BC | 0.032% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 30.0% | |
| Refinance: | 20.0% | |
| Purchase: | 15.0% | |
| First-time Buyer: | 10.0% | |
| Variable Rate: | 10.0% | |
| Renewal: | 5.0% | |
| Equity Mortgage: | 5.0% | |
| No Money Down: | 5.0% | |
| Total Application Types Found: 8 | ||
Average age: 45
Oldest age: 66
Youngest age: 33
The numbers below represent the average income of people living in West Vancouver who have applied for a mortgage loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in West Vancouver: | $113,737.40 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $54,238.93 |
| mortgage co-applicants in West Vancouver: | $42,446.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $42.87 |
Since the average income of West Vancouver is notability higher than our Canadian national average, we have included the MEDIAN annual gross income for this location. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.
| Median annual gross income for | |
|---|---|
| mortgage applicants in West Vancouver: | $93,374.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $33,875.53 |
The following table represents the residential status of people living in West Vancouver who have applied for a mortgage loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 35.0% | |
| Own: | 50.0% | |
| No Comment: | 10.0% | |
| Live with parents: | 5.0% |
The following pie chart represents the marital status of applicants from West Vancouver, British Columbia using the online mortgage application found on the CanEquity Mortgage web site. In West Vancouver, approximately 55% of the mortgage applicants are living with someone, while only 45% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.0% | |
| Single: | 35.0% | |
| Divorced: | 10.0% | |
| Common-law: | 5.0% |
