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Monthly Volume History of Mortgage Applications from British Columbia
The following bar graph illustrates CanEquity's individual monthly volume history for Internet mortgage pre-approval applications from British Columbia.
Busy Months for Mortgages in British Columbia
This bar graph illustrates the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our second quarter (represented by the green bars) with 29.99% while our slowest is the fourth quarter (represented by the red bars) with 17.60%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | April: | 10.4% | |
| 2 | May: | 10.2% | |
| 3 | January: | 10.1% | |
| 4 | March: | 10.0% | |
| 5 | February: | 9.6% | |
| 6 | June: | 9.4% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | August: | 8.0% | |
| 8 | July: | 7.5% | |
| 9 | September: | 7.2% | |
| 10 | October: | 7.0% | |
| 11 | November: | 5.9% | |
| 12 | December: | 4.7% |
Busy Days for Mortgages in British Columbia
The data below shows the busy days for mortgage applications that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In British Columbia the busiest day, with 17.75% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 9.98% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1: | Tuesday: | 17.8% |
| 2: | Monday: | 16.9% |
| 3: | Wednesday: | 15.9% |
| 4: | Thursday: | 15.5% |
| 5: | Friday: | 12.7% |
| 6: | Sunday: | 11.2% |
| 7: | Saturday: | 10.0% |
Peak Hours for British Columbia Mortgage Applications
Mortgage inquiries are received 24 hours a day on our web site. The following represents the rush hours within a 24-hour period. The data is taken from all days of all years.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 3.2% |
| 1AM | 01:00 to 01:59: | 1.7% |
| 2AM | 02:00 to 02:59: | 0.9% |
| 3AM | 03:00 to 03:59: | 0.6% |
| 4AM | 04:00 to 04:59: | 0.5% |
| 5AM | 05:00 to 05:59: | 0.4% |
| 6AM | 06:00 to 06:59: | 0.4% |
| 7AM | 07:00 to 07:59: | 0.8% |
| 8AM | 08:00 to 08:59: | 1.8% |
| 9AM | 09:00 to 09:59: | 3.3% |
| 10AM | 10:00 to 10:59: | 5.2% |
| 11AM | 11:00 to 11:59: | 6.8% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 7.4% |
| 1PM | 13:00 to 13:59: | 6.9% |
| 2PM | 14:00 to 14:59: | 7.1% |
| 3PM | 15:00 to 15:59: | 6.8% |
| 4PM | 16:00 to 16:59: | 6.2% |
| 5PM | 17:00 to 17:59: | 6.6% |
| 6PM | 18:00 to 18:59: | 5.7% |
| 7PM | 19:00 to 19:59: | 6.0% |
| 8PM | 20:00 to 20:59: | 5.6% |
| 9PM | 21:00 to 21:59: | 5.7% |
| 10PM | 22:00 to 22:59: | 5.7% |
| 11PM | 23:00 to 23:59: | 4.8% |
British Columbia Mortgage Originations Compared to all other Provinces
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 198.7% |
| British Columbia: | 100.0% |
| Manitoba: | 19.0% |
| New Brunswick: | 24.2% |
| Newfoundland and Labrador: | 12.4% |
| Nova Scotia: | 31.9% |
| Northwest Territories: | 4.5% |
| Nunavut: | 0.9% |
| Ontario: | 459.2% |
| Prince Edward Island: | 4.9% |
| Quebec: | 38.0% |
| Saskatchewan: | 48.0% |
| Yukon: | 4.6% |
Top Producing Cities / Towns for Mortgages in British Columbia
| Rank | City or Town within the province of British Columbia | Percentage of Inquiries | Avg Age | Average Income | Average Co-Income | Average Loan |
|---|---|---|---|---|---|---|
| 1: | VANCOUVER, BC | 8.868% | 39 | $68,472 | $48,430 | $286,434 |
| 2: | SURREY, BC | 6.754% | 39 | $61,106 | $46,111 | $246,533 |
| 3: | VICTORIA, BC | 5.963% | 40 | $62,156 | $44,429 | $250,634 |
| 4: | BURNABY, BC | 3.179% | 37 | $61,396 | $46,038 | $266,108 |
| 5: | KELOWNA, BC | 3.111% | 41 | $64,218 | $36,386 | $219,694 |
| 6: | PRINCE GEORGE, BC | 2.784% | 38 | $53,856 | $38,702 | $181,250 |
| 7: | ABBOTSFORD, BC | 2.681% | 38 | $56,063 | $41,739 | $237,807 |
| 8: | RICHMOND, BC | 2.595% | 40 | $65,587 | $37,929 | $244,487 |
| 9: | CHILLIWACK, BC | 2.526% | 42 | $56,965 | $42,013 | $201,983 |
| 10: | KAMLOOPS, BC | 2.475% | 38 | $53,035 | $45,551 | $188,287 |
| 11: | FORT ST JOHN, BC | 2.440% | 33 | $68,943 | $43,369 | $209,102 |
| 12: | LANGLEY, BC | 2.148% | 39 | $61,084 | $39,580 | $235,310 |
| 13: | NORTH VANCOUVER, BC | 2.131% | 40 | $75,496 | $60,134 | $309,402 |
| 14: | COQUITLAM, BC | 2.097% | 39 | $66,748 | $44,854 | $273,139 |
| 15: | NANAIMO, BC | 2.045% | 40 | $51,157 | $31,838 | $186,986 |
| 16: | MAPLE RIDGE, BC | 1.684% | 40 | $56,818 | $41,960 | $227,107 |
| 17: | DELTA, BC | 1.564% | 40 | $64,539 | $45,087 | $238,811 |
| 18: | NEW WESTMINSTER, BC | 1.547% | 39 | $58,573 | $46,071 | $234,518 |
| 19: | VERNON, BC | 1.529% | 40 | $54,716 | $34,435 | $193,638 |
| 20: | DAWSON CREEK, BC | 1.117% | 35 | $49,612 | $35,010 | $153,174 |
| 21: | CAMPBELL RIVER, BC | 0.997% | 40 | $60,438 | $33,263 | $212,265 |
| 22: | QUESNEL, BC | 0.945% | 37 | $55,201 | $46,728 | $175,270 |
| 23: | PORT ALBERNI, BC | 0.928% | 39 | $47,104 | $33,582 | $136,408 |
| 24: | TERRACE, BC | 0.876% | 40 | $51,447 | $57,263 | $153,338 |
| 25: | PENTICTON, BC | 0.859% | 44 | $51,258 | $32,920 | $175,727 |
| 26: | NELSON, BC | 0.859% | 40 | $49,320 | $35,295 | $216,183 |
| 27: | SALMON ARM, BC | 0.791% | 38 | $47,699 | $27,481 | $205,918 |
| 28: | PORT COQUITLAM, BC | 0.791% | 41 | $63,731 | $31,878 | $229,305 |
| 29: | MISSION, BC | 0.773% | 39 | $60,569 | $53,495 | $189,891 |
| 30: | COURTENAY, BC | 0.722% | 41 | $49,698 | $25,785 | $181,111 |
| 31: | WESTBANK, BC | 0.705% | 42 | $57,537 | $33,801 | $238,677 |
| 32: | CRANBROOK, BC | 0.687% | 40 | $49,975 | $44,797 | $145,255 |
| 33: | WILLIAMS LAKE, BC | 0.636% | 37 | $57,425 | $52,306 | $169,546 |
| 34: | DUNCAN, BC | 0.636% | 39 | $54,556 | $37,931 | $196,365 |
| 35: | VANDERHOOF, BC | 0.601% | 37 | $46,938 | $49,788 | $155,966 |
| 36: | SPARWOOD, BC | 0.550% | 37 | $65,527 | $29,842 | $175,685 |
| 37: | REVELSTOKE, BC | 0.550% | 39 | $53,103 | $20,311 | $176,300 |
| 38: | PORT MOODY, BC | 0.516% | 38 | $93,015 | $48,125 | $295,427 |
| 39: | TRAIL, BC | 0.516% | 36 | $46,570 | $32,111 | $152,948 |
| 40: | SECHELT, BC | 0.498% | 43 | $52,111 | $45,064 | $247,978 |
| 41: | MERRITT, BC | 0.498% | 45 | $57,534 | $56,125 | $207,229 |
| 42: | GRAND FORKS, BC | 0.498% | 44 | $46,973 | $28,789 | $177,681 |
| 43: | KIMBERLEY, BC | 0.498% | 39 | $49,466 | $44,400 | $153,353 |
| 44: | SOOKE, BC | 0.498% | 36 | $67,928 | $38,693 | $259,181 |
| 45: | PRINCE RUPERT, BC | 0.481% | 39 | $56,158 | $43,928 | $140,502 |
| 46: | LADYSMITH, BC | 0.464% | 41 | $53,921 | $39,436 | $181,113 |
| 47: | COMOX, BC | 0.430% | 41 | $54,140 | $27,960 | $168,797 |
| 48: | SQUAMISH, BC | 0.412% | 34 | $71,459 | $46,625 | $228,818 |
| 49: | WHITE ROCK, BC | 0.395% | 41 | $68,814 | $48,857 | $206,161 |
| 50: | CASTLEGAR, BC | 0.395% | 32 | $54,740 | $98,488 | $158,285 |
Age Demographics for British Columbia Mortgage Inquiries
Average age: 40
Oldest age: 87
Youngest age: 19
Incomes for British Columbia Mortgage Inquiries
The information below represents the average income of Canadians living in British Columbia who have submitted an inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in British Columbia: | $60,213.61 |
| applicants within all of Canada: | $60,503.19 |
| Difference: | ($289.58) |
| mortgage co-applicants in British Columbia: | $42,149.65 |
| co-applicants within all of Canada: | $43,699.18 |
| Difference: | ($1,549.53) |
Note: Commercial loan amounts were not included for this report, only home loans were used.
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Rate Comparison Calculator
It can be hard to figure out exactly how much you can afford to spend on your home, but we're here to help. We have taken the time to redesign our top-rated mortgage calculator and made it easier to use than ever before. Compare rates, evaluate terms, and calculate multiple mortgages side-by-side.
Mortgage Rates
With the rates they offer, applying for a mortgage at your bank is like throwing your hard-earned money in the trash. Apply for a mortgage with CanEquity and get an amazing mortgage rate.
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Halifax.
| Mortgage Product Type | Inquiries | |
|---|---|---|
| Mortgage Pre-approval | 26.94% | |
| First-time Home Buyer | 21.63% | |
| No Money Down discontinued | 15.10% | |
| New Purchase | 14.69% | |
| Mortgage Renewal | 8.57% | |
| Refinance/Consolidate Debt | 6.94% | |
| Other | 6.12% |
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