Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 11.63% | 0.01% |
| 2010: | 9.30% | 0.01% |
| 2009: | 16.28% | 0.01% |
| 2008: | 9.30% | 0.01% |
| 2007: | 13.95% | 0.01% |
| 2006: | 4.65% | 0.00% |
| 2005: | 9.30% | 0.01% |
| 2004: | 9.30% | 0.01% |
| 2003: | 4.65% | 0.00% |
| 2002: | 11.63% | 0.01% |
The graph below displays the busy days for online applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Westbank the busiest day, with 27.91% of all applications, is Monday. In comparison, Thursday's are the slowest day with only 6.98% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 27.9% | |
| 2: | Tuesday: | 25.6% | |
| 3: | Wednesday: | 18.6% | |
| 4: | Friday: | 7.0% | |
| 5: | Sunday: | 7.0% | |
| 6: | Saturday: | 7.0% | |
| 7: | Thursday: | 7.0% |
In Westbank, mortgages are received 24 hours a day via the CanEquity web site. The time periods below represents the peak hours in the day. The data is taken from all days of all years. Only 18.6% of all mortgages are received before noon, while 76.7% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 2.3% |
| 02:00 to 02:59: | 2.3% |
| 03:00 to 03:59: | 2.3% |
| 06:00 to 06:59: | 2.3% |
| 07:00 to 07:59: | 7.0% |
| 08:00 to 08:59: | 2.3% |
| 10:00 to 10:59: | 2.3% |
| 11:00 to 11:59: | 2.3% |
| 12:00 to 12:59: | 4.7% |
| 13:00 to 13:59: | 9.3% |
| 14:00 to 14:59: | 2.3% |
| 15:00 to 15:59: | 16.3% |
| 17:00 to 17:59: | 4.7% |
| 18:00 to 18:59: | 9.3% |
| 19:00 to 19:59: | 7.0% |
| 20:00 to 20:59: | 9.3% |
| 22:00 to 22:59: | 7.0% |
| 23:00 to 23:59: | 7.0% |
| 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 | |
|---|---|---|
| 023: | PORT ALBERNI, BC | 0.094% |
| 024: | TERRACE, BC | 0.091% |
| 025: | SALMON ARM, BC | 0.089% |
| 026: | NELSON, BC | 0.087% |
| 027: | PORT COQUITLAM, BC | 0.085% |
| 028: | WESTBANK, BC | 0.081% |
| 029: | COURTENAY, BC | 0.079% |
| 030: | MISSION, BC | 0.079% |
| 031: | QUESNEL, BC | 0.076% |
| 032: | DUNCAN, BC | 0.074% |
| 033: | CRANBROOK, BC | 0.070% |
| 9 | Oyama, British Columbia |
| 10 | Princeton, British Columbia |
| 11 | Penticton, British Columbia |
| 12 | Vernon, British Columbia |
| 13 | Coldstream, British Columbia |
| 14 | Beaverdell, British Columbia |
| 15 | Armstrong, British Columbia |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 25.6% | |
| Refinance: | 20.9% | |
| First-time Buyer: | 18.6% | |
| Renewal: | 16.3% | |
| Purchase: | 11.6% | |
| No Money Down: | 4.7% | |
| Low Doc: | 2.3% | |
| Total Application Types Found: 7 | ||
Average age: 43
Oldest age: 71
Youngest age: 22
The amounts below are the average income of applicants living in Westbank who have applied for a home loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Westbank: | $51,786.02 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($7,712.44) |
| mortgage co-applicants in Westbank: | $32,127.42 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($10,275.71) |
The chart and pie-graph below depicts the residential status of people living in Westbank who have applied for a loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 27.9% | |
| Own: | 62.8% | |
| Other: | 2.3% | |
| No Comment: | 4.7% | |
| Live with parents: | 2.3% |
The pie chart below represents the marital status of applicants from Westbank, British Columbia using the mortgage preapproval application located at the CanEquity web site. 69% of the mortgage applicants are living common-law or married, while only 27% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 65.1% | |
| Single: | 16.3% | |
| Divorced: | 11.6% | |
| Common-law: | 4.7% | |
| Widowed: | 2.3% |
