West Vancouver Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2007: | 14.29% | 0.01% |
| 2006: | 21.43% | 0.01% |
| 2005: | 7.14% | 0.00% |
| 2004: | 28.57% | 0.01% |
| 2003: | 14.29% | 0.01% |
| 2002: | 14.29% | 0.01% |
| Location | Contribution | |
|---|---|---|
| 046: | KITIMAT, BC | 0.046% |
| 047: | SPARWOOD, BC | 0.046% |
| 048: | MERRITT, BC | 0.046% |
| 049: | POWELL RIVER, BC | 0.046% |
| 050: | SQUAMISH, BC | 0.046% |
| 051: | WEST VANCOUVER, BC | 0.046% |
| 052: | SALT SPRING ISLAND, BC | 0.043% |
| 053: | KIMBERLEY, BC | 0.043% |
| 054: | AGASSIZ, BC | 0.043% |
| 055: | PRINCE RUPERT, BC | 0.043% |
| 056: | GRAND FORKS, BC | 0.040% |
| 1 | North Vancouver, British Columbia |
| 2 | Gibsons, British Columbia |
| 3 | Vancouver, British Columbia |
| 4 | Burnaby, British Columbia |
| 5 | New Westminster, British Columbia |
| 6 | Sechelt, British Columbia |
| 7 | Surrey, British Columbia |
| 8 | Brackendale, British Columbia |
| 9 | Richmond, British Columbia |
| 10 | North Delta, British Columbia |
| 11 | Port Moody, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 35.7% | |
| Refinance: | 14.3% | |
| First-time Buyer: | 14.3% | |
| Variable Rate: | 14.3% | |
| Renewal: | 7.1% | |
| Equity Mortgage: | 7.1% | |
| No Money Down: | 7.1% | |
| Total Application Types Found: 7 | ||
Average age: 41
Oldest age: 63
Youngest age: 33
The amounts shown below represent the average income of applicants 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: | $110,053.43 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | $53,669.13 |
| mortgage co-applicants in West Vancouver: | $38,057.50 |
| co-applicants within all of Canada: | $39,375.53 |
| Difference: | ($1,318.03) |
Since the average income of West Vancouver is notability higher than the 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: | $93,374.00 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | $36,989.70 |
The following table represents the residential status of people living in West Vancouver who have submitted an inquiry using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 50.0% | |
| Own: | 28.6% | |
| No Comment: | 14.3% | |
| Live with parents: | 7.1% |
The pie chart below represents the marital status of applicants from West Vancouver, British Columbia using the mortgage preapproval application found on the CanEquity Mortgage web site. Approximately 64% of the mortgage applicants are living common-law or married, while only 35% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 57.1% | |
| Single: | 28.6% | |
| Divorced: | 7.1% | |
| Common-law: | 7.1% |
