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Monthly Volume History for Mortgages from Surrey

The bar graph below displays the individual monthly volume history for Internet mortgage applications sent from Surrey, BC.


Monthly Volume Report for Surrey Mortgages

Busy Months for Applications within Surrey

The 6-year bar graph below illustrates the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Surrey usually occur during our first quarter (represented by the brown bars) with 34.26% while our slowest is the fourth quarter (represented by the red bars) with 15.99%.

Busy Months Report for Surrey Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 12.9%
2 March: 11.9%
3 February: 11.4%
4 January: 10.9%
5 May: 10.7%
6 June: 7.6%
RankMonth Percentage of Applications
7 August: 6.8%
8 July: 6.6%
9 October: 6.6%
10 November: 5.6%
11 September: 5.1%
12 December: 3.8%

Busy Days for Mortgage Inquiries within Surrey

The graph listed below shows the busy days for online applications that were received by CanEquity. Each day represents a combined total of all occurrences of that day in the past 5 years. In Surrey the busiest day of the week, with 19.04% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 8.88% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Monday: 19.0%
2: Thursday: 18.0%
3: Wednesday: 17.3%
4: Tuesday: 14.2%
5: Friday: 13.4%
6: Sunday: 9.1%
7: Saturday: 8.9%
Busy Days Report for Surrey Mortgages

Peak Hours for Based Mortgages within Surrey

Applications are received 24 hours a day via the CanEquity web site. The time periods below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 19.8% of all mortgages are received during the morning, while 72.1% arrive in the afternoon.


Peak Hours Graph for Mortgages in Surrey
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 4.3%
1AM 01:00 to 01:59: 3.3%
2AM 02:00 to 02:59: 0.5%
3AM 03:00 to 03:59: 0.5%
4AM 04:00 to 04:59: 1.0%
5AM 05:00 to 05:59: 0.5%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 1.0%
8AM 08:00 to 08:59: 1.5%
9AM 09:00 to 09:59: 2.0%
10AM 10:00 to 10:59: 6.3%
11AM 11:00 to 11:59: 6.9%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.9%
1PM 13:00 to 13:59: 6.1%
2PM 14:00 to 14:59: 6.9%
3PM 15:00 to 15:59: 7.9%
4PM 16:00 to 16:59: 6.6%
5PM 17:00 to 17:59: 4.1%
6PM 18:00 to 18:59: 6.3%
7PM 19:00 to 19:59: 4.3%
8PM 20:00 to 20:59: 6.3%
9PM 21:00 to 21:59: 6.1%
10PM 22:00 to 22:59: 5.6%
11PM 23:00 to 23:59: 4.1%

British Columbia Mortgage Originations Compared to all other Provinces


Online Mortgage Origination for the Province of Percentage of Applications
Alberta: 20.83%
British Columbia: 10.42%
Manitoba: 1.98%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.31%
Northwest Territories: 0.48%
Nunavut: 0.10%
Ontario: 47.68%
Prince Edward Island: 0.51%
Quebec: 3.96%
Saskatchewan: 5.03%
Yukon: 0.48%

Current City Standing within British Columbia

RankLocation Contribution
1:VANCOUVER, BC 0.923%
2:SURREY, BC 0.699%
3:VICTORIA, BC 0.618%
4:BURNABY, BC 0.336%
5:KELOWNA, BC 0.325%
6:PRINCE GEORGE, BC 0.289%
7:ABBOTSFORD, BC 0.286%


Age Demographics for Surrey Mortgages

Average age: 39
Oldest age: 71
Youngest age: 21


Incomes for Surrey Mortgages

The following depicts the average income of people living in Surrey who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.

Average annual gross income for
mortgage applicants in Surrey: $61,177.70
applicants within all of Canada: $60,593.10
Difference: $584.60
  
mortgage co-applicants in Surrey: $46,111.85
co-applicants within all of Canada: $43,761.59
Difference: $2,350.27

Note: Commercial Mortgage loans were not included for this section, only residential loans amounts were used.

Compare Term Rates Using Our New Mortgage Calculator
The length of your mortgage term is often correlated with your interest rate. By and large, longer terms have higher rates and shorter terms have lower rates. With our mortgage calculator you can try out different mortgage terms and rates in order to see how they will affect the amount of interest you will end up paying in the long term.
New Mortgage Calculator with Rate Comparison
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Cochrane.

Mortgage Product Type Inquiries
Mortgage Pre-approval22.81%
Refinance/Consolidate Debt17.54%
First-time Home Buyer15.79%
No Money Down discontinued14.04%
New Purchase14.04%
Mortgage Renewal7.02%
Other8.75%
 
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