West Vancouver Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 5.88% | * 0.00% |
| 2009: | 11.77% | 0.01% |
| 2007: | 11.77% | 0.01% |
| 2006: | 17.65% | 0.01% |
| 2005: | 5.88% | 0.00% |
| 2004: | 23.53% | 0.01% |
| 2003: | 11.77% | 0.01% |
| 2002: | 11.77% | 0.01% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.11% |
| British Columbia: | 10.88% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.88% |
| Northwest Territories: | 0.31% |
| Nunavut: | 0.08% |
| Ontario: | 48.85% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.06% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 052: | AGASSIZ, BC | 0.040% |
| 053: | PRINCE RUPERT, BC | 0.040% |
| 054: | SPARWOOD, BC | 0.040% |
| 055: | TRAIL, BC | 0.040% |
| 056: | GOLDEN, BC | 0.040% |
| 057: | WEST VANCOUVER, BC | 0.040% |
| 058: | ALDERGROVE, BC | 0.038% |
| 059: | QUESNEL, BC | 0.038% |
| 060: | GRAND FORKS, BC | 0.038% |
| 061: | SUMMERLAND, BC | 0.038% |
| 062: | GIBSONS, BC | 0.035% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 35.3% | |
| Refinance: | 17.6% | |
| First-time Buyer: | 11.8% | |
| Variable Rate: | 11.8% | |
| No Money Down: | 5.9% | |
| Renewal: | 5.9% | |
| Purchase: | 5.9% | |
| Equity Mortgage: | 5.9% | |
| Total Application Types Found: 8 | ||
Average age: 42
Oldest age: 63
Youngest age: 33
The amounts shown below represent the average income of applicants living in West Vancouver who have submitted a mortgage inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in West Vancouver: | $122,396.94 |
| applicants within all of Canada: | $58,582.76 |
| Difference: | $63,814.18 |
| mortgage co-applicants in West Vancouver: | $42,446.00 |
| co-applicants within all of Canada: | $41,205.53 |
| Difference: | $1,240.47 |
Since the average income of West Vancouver is much higher than our Canadian national average, we have included the MEDIAN annual gross income for this area. 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: | $108,000.00 |
| applicants within all of Canada: | $58,582.76 |
| Difference: | $49,417.24 |
The chart and pie-graph below depicts the residential status of people living in West Vancouver who have applied for a mortgage using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 41.2% | |
| Own: | 41.2% | |
| No Comment: | 11.8% | |
| Live with parents: | 5.9% |
The pie chart below represents the marital status of applicants from West Vancouver, British Columbia using the mortgage application located at the CanEquity web site. Over 64% of the mortgage applicants are living with someone, while only 35% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 58.8% | |
| Single: | 29.4% | |
| Divorced: | 5.9% | |
| Common-law: | 5.9% |
