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Busy Months for Mortgages in Newfoundland and Labrador

The following bar graph represents the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages occur during our second quarter (represented by the green bars) with 28.94% while our slowest is the fourth quarter (represented by the red bars) with 16.05%.

Busy Months Report for Newfoundland and Labrador Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 11.4%
2 May: 10.4%
3 July: 10.0%
4 June: 9.6%
5 August: 9.5%
6 April: 8.9%
RankMonth Percentage of Applications
7 January: 8.8%
8 February: 8.1%
9 September: 7.3%
10 October: 6.9%
11 November: 5.8%
12 December: 3.4%

Busy Days for Mortgages in Newfoundland and Labrador

The graph below compares the busy days for Internet applications that were received by Super Brokers. Each day is a representation of the combined 6-year total of all instances of that day. In Newfoundland and Labrador, the day with the most volume, generating 19.20% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 10.97% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Tuesday: 19.2%
2: Monday: 18.1%
3: Wednesday: 15.5%
4: Thursday: 13.2%
5: Sunday: 12.1%
6: Friday: 11.0%
7: Saturday: 11.0%
Busy Days Report for Newfoundland and Labrador Mortgages

Peak Hours for Newfoundland and Labrador Mortgage Applications

In Newfoundland and Labrador, applications are received 24 hours a day via the Super Brokers web site. The report shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years. Only 37.3% of all mortgages are received before noon, while 56.5% arrive in the afternoon.


Peak Hours Graph for Mortgages in Newfoundland and Labrador
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.3%
1AM 01:00 to 01:59: 0.4%
2AM 02:00 to 02:59: 0.4%
3AM 03:00 to 03:59: 0.5%
4AM 04:00 to 04:59: 1.6%
5AM 05:00 to 05:59: 2.9%
6AM 06:00 to 06:59: 4.7%
7AM 07:00 to 07:59: 6.3%
8AM 08:00 to 08:59: 7.4%
9AM 09:00 to 09:59: 6.6%
10AM 10:00 to 10:59: 6.7%
11AM 11:00 to 11:59: 5.6%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.8%
1PM 13:00 to 13:59: 6.9%
2PM 14:00 to 14:59: 6.4%
3PM 15:00 to 15:59: 6.3%
4PM 16:00 to 16:59: 5.9%
5PM 17:00 to 17:59: 7.0%
6PM 18:00 to 18:59: 5.3%
7PM 19:00 to 19:59: 4.8%
8PM 20:00 to 20:59: 2.1%
9PM 21:00 to 21:59: 2.3%
10PM 22:00 to 22:59: 1.1%
11PM 23:00 to 23:59: 0.5%

Newfoundland and Labrador Mortgage Originations Compared to all other Provinces


Online Mortgage Origination for the Province of Percentage in Comparison
Alberta: 1609.9%
British Columbia: 804.9%
Manitoba: 153.2%
New Brunswick: 194.7%
Newfoundland and Labrador: 100.0%
Nova Scotia: 255.7%
Northwest Territories: 37.2%
Nunavut: 7.5%
Ontario: 3684.1%
Prince Edward Island: 39.4%
Quebec: 306.3%
Saskatchewan: 388.3%
Yukon: 36.8%

Top Producing Cities / Towns for Mortgages in Newfoundland and Labrador

Rank City or Town within
the province of Newfoundland and Labrador
Percentage
of Inquiries
Avg
Age
Average
Income
Average
Co-Income
Average
Home Loan
1:ST JOHN'S, NL 22.497% 38 $49,332 $37,796 $138,916
2:CORNER BROOK, NL 9.602% 37 $49,415 $37,034 $169,505
3:MOUNT PEARL, NL 6.859% 42 $54,994 $38,404 $170,583
4:PARADISE, NL 3.978% 38 $78,372 $38,890 $187,209
5:CONCEPTION BAY SOUTH, NL 3.704% 34 $49,193 $27,649 $128,000
6:GRAND FALLS-WINDSOR, NL 3.567% 41 $41,577 $33,334 $108,160
7:GANDER, NL 2.606% 34 $53,294 $27,222 $97,793
8:PORTUGAL COVE-ST PHILIPS, NL 2.332% 36 $60,949 $30,277 $142,917
9:HAPPY VALLEY-GOOSE BAY, NL 1.783% 43 $53,384 $66,000 $146,730
10:LABRADOR CITY, NL 1.783% 35 $65,769 $41,040 $156,000
11:GOULDS, NL 1.509% 32 $41,716 $61,912 $142,100
12:CLARENVILLE, NL 1.372% 33 $53,589 $48,402 $152,361
13:MARYSTOWN, NL 1.372% 33 $68,842 n/a $119,640
14:PASADENA, NL 1.235% 38 $56,715 $31,413 $185,300
15:HOLYROOD, NL 1.097% 52 $44,271 $50,300 $193,737
16:BISHOPS FALLS, NL 1.097% 30 $37,062 $21,500 $90,950
17:DOYLES, NL 0.960% 55 $42,833 $35,500 $102,500
18:DEER LAKE, NL 0.960% 39 $52,977 $40,000 $130,778
19:STEPHENVILLE, NL 0.960% 40 $52,571 n/a $116,714
20:NORTH WEST RIVER, NL 0.960% 32 $65,142 $41,000 $156,714
21:CARBONEAR, NL 0.960% 42 $53,285 n/a $72,000
22:BOTWOOD, NL 0.823% 43 $43,000 $30,666 $80,200
23:BAIE VERTE, NL 0.686% 41 $39,912 n/a $82,500
24:TORBAY, NL 0.686% 33 $42,100 $31,000 $155,600
25:KIPPENS, NL 0.686% 48 $69,633 n/a $125,800
26:BENOITS COVE, NL 0.686% 29 $72,000 $45,000 $192,280
27:LEWISPORTE, NL 0.686% 36 $48,500 $40,300 $119,925
28:MOUNT MORIAH, NL 0.549% 27 $38,423 $23,000 $95,000
29:NORMANS COVE, NL 0.549% 33 $58,634 $27,000 $116,080
30:UPPER ISLAND COVE, NL 0.412% 36 $54,666 $17,000 $115,000
31:SPANIARDS BAY, NL 0.412% 36 $41,666 $22,000 $119,633
32:PETERVIEW, NL 0.412% 43 $21,500 $34,000 $188,333
33:FLATROCK, NL 0.412% 37 $32,488 n/a $88,000
34:POUCH COVE, NL 0.412% 29 $44,000 n/a $141,666
35:LEWINS COVE, NL 0.412% 30 $32,700 n/a $78,633
36:BAY ROBERTS, NL 0.412% 34 $64,000 n/a $159,500
37:CRESTON, NL 0.412% 30 $68,000 n/a $156,666
38:NORRIS ARM NORTHSIDE, NL 0.412% 62 $12,500 $90,500 $41,000
39:BONAVISTA, NL 0.412% 30 $31,666 $85,000 $101,666
40:SHEARSTOWN, NL 0.412% 42 $56,166 n/a $88,333
41:PLACENTIA, NL 0.412% 30 $25,933 n/a $73,000
42:EASTPORT, NL 0.412% 45 $61,500 n/a $92,500
43:STEPHENVILLE CROSSING, NL 0.412% 33 $19,500 n/a $115,000
44:LOGY BAY, NL 0.274% 62 n/a n/a $139,000
45:CONCEPTION HARBOUR, NL 0.274% 38 $51,000 n/a $242,500
46:SPRINGDALE, NL 0.274% 38 $45,500 n/a $94,500
47:BAY DE VERDE, NL 0.274% 65 $16,482 $13,890 n/a
48:GRAND BANK, NL 0.274% 45 $66,500 n/a $98,750
49:ROCKY HARBOUR, NL 0.274% 38 $44,027 n/a $70,000
50:LARK HARBOUR, NL 0.274% 26 $36,500 $34,500 $207,500

Age Demographics for Newfoundland and Labrador Mortgage Inquiries

Average age: 38
Oldest age: 73
Youngest age: 19


Incomes for Newfoundland and Labrador Mortgage Inquiries

The numbers below represent the average income of applicants living in Newfoundland and Labrador who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Newfoundland and Labrador: $51,885.39
applicants within all of Canada: $60,593.10
Difference: ($8,707.71)
  
mortgage co-applicants in Newfoundland and Labrador: $36,999.18
co-applicants within all of Canada: $43,761.59
Difference: ($6,762.41)

Note: Commercial Mortgages were not included for this section, only residential mortgage loans from Newfoundland and Labrador were used.

Mortgage Rates
Mortgage rates have been so low for so long that it might be hard to remember a time when they weren't low, but if you use our rate history page, you can look back and see how things have changed over the years.
Mortgage Rates
 
Did you know? The average home loan in Gravenhurst is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
Ontario
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for customers in the province of Alberta.

Mortgage Product Type Inquiries
Mortgage Pre-approval22.90%
First-time Home Buyer18.05%
New Purchase14.78%
Refinance/Consolidate Debt13.47%
No Money Down discontinued11.84%
Mortgage Renewal9.64%
Other9.33%