Our mortgage brokers are licensed: Alberta Mortgage #MW-0511205, BC Mortgage #X028126,
FSCO (Ontario) #10315, Saskatchewan Mortgage #315872, and all other provinces
Super Brokers
PRESENTED BY

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Busy Months for Mortgages in Prince Edward Island

This bar graph depicts the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages occur during our first quarter (represented by the brown bars) with 27.87% while our slowest is the fourth quarter (represented by the red bars) with 20.21%.

Busy Months Report for Prince Edward Island Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 11.5%
2 June: 10.1%
3 April: 9.1%
4 February: 9.1%
5 August: 9.1%
6 May: 8.7%
RankMonth Percentage of Applications
7 September: 8.4%
8 October: 7.7%
9 March: 7.3%
10 July: 6.6%
11 November: 6.3%
12 December: 6.3%

Busy Days for Mortgages in Prince Edward Island

The information below illustrates the busy days for mortgage inquiries that were received by Super Brokers. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Prince Edward Island the busiest day, with approximately 20.21% of all applications, is Thursday. In comparison, Sunday's are the slowest day with only 8.71% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Thursday: 20.2%
2: Monday: 18.8%
3: Tuesday: 16.0%
4: Friday: 12.9%
5: Wednesday: 12.9%
6: Saturday: 10.4%
7: Sunday: 8.7%
Busy Days Report for Prince Edward Island Mortgages

Peak Hours for Prince Edward Island Mortgage Applications

Applications are received 24 hours a day via our web site. The statistics shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Prince Edward Island
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.3%
1AM 01:00 to 01:59: 0.7%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 1.0%
4AM 04:00 to 04:59: 2.1%
5AM 05:00 to 05:59: 2.1%
6AM 06:00 to 06:59: 4.9%
7AM 07:00 to 07:59: 3.8%
8AM 08:00 to 08:59: 5.6%
9AM 09:00 to 09:59: 5.6%
10AM 10:00 to 10:59: 8.0%
11AM 11:00 to 11:59: 7.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.3%
1PM 13:00 to 13:59: 7.7%
2PM 14:00 to 14:59: 5.6%
3PM 15:00 to 15:59: 5.6%
4PM 16:00 to 16:59: 7.0%
5PM 17:00 to 17:59: 6.6%
6PM 18:00 to 18:59: 9.1%
7PM 19:00 to 19:59: 3.5%
8PM 20:00 to 20:59: 3.8%
9PM 21:00 to 21:59: 2.1%
10PM 22:00 to 22:59: 1.4%
11PM 23:00 to 23:59: 0.3%

Prince Edward Island Mortgage Originations Compared to all other Provinces


Online Mortgage Origination for the Province of Percentage in Comparison
Alberta: 4089.2%
British Columbia: 2044.6%
Manitoba: 389.2%
New Brunswick: 494.4%
Newfoundland and Labrador: 254.0%
Nova Scotia: 649.5%
Northwest Territories: 94.4%
Nunavut: 19.2%
Ontario: 9357.8%
Prince Edward Island: 100.0%
Quebec: 778.0%
Saskatchewan: 986.4%
Yukon: 93.4%

Top Producing Cities / Towns for Mortgages in Prince Edward Island

Rank City or Town within
the province of Prince Edward Island
Percentage
of Inquiries
Avg
Age
Average
Income
Average
Co-Income
Average
Home Loan
1:CHARLOTTETOWN, PE 37.979% 36 $44,815 $30,851 $128,741
2:SUMMERSIDE, PE 7.666% 38 $41,400 $34,642 $108,059
3:STRATFORD, PE 6.969% 39 $56,278 $60,300 $127,473
4:CORNWALL, PE 6.272% 38 $43,882 $27,428 $104,740
5:MONTAGUE, PE 4.530% 41 $46,934 $30,737 $110,125
6:SOURIS, PE 3.833% 39 $41,043 $35,245 $102,454
7:O'LEARY, PE 3.484% 45 $37,500 $15,000 $77,500
8:KENSINGTON, PE 2.787% 40 $41,211 n/a $101,028
9:GEORGETOWN, PE 2.091% 32 $36,400 n/a $80,800
10:KINKORA, PE 2.091% 31 $38,000 $33,250 $129,483
11:CARDIGAN, PE 1.742% 37 $51,700 n/a $135,975
12:TIGNISH, PE 1.394% 30 $31,250 n/a $84,225
13:YORK, PE 1.045% 35 $35,973 n/a $118,333
14:MOUNT STEWART, PE 1.045% 31 $57,680 $41,000 $108,333
15:WELLINGTON STATION, PE 1.045% 40 $42,666 n/a $92,166
16:MISCOUCHE, PE 1.045% 29 $21,466 n/a $78,966
17:WINSLOE, PE 0.697% 28 $82,500 n/a $140,000
18:ALBANY, PE 0.697% 42 $35,000 n/a $62,450
19:MURRAY HARBOUR, PE 0.697% 45 $50,119 $47,500 $59,900
20:VICTORIA, PE 0.697% 55 $17,500 n/a $47,056
21:NORTH WILTSHIRE, PE 0.697% 34 $34,500 $29,500 $43,000
22:NEW LONDON, PE 0.697% 35 $28,000 n/a $50,000
23:SLEMON PARK, PE 0.697% 49 $55,640 n/a $89,900
24:ALBERTON, PE 0.697% 43 $197,500 n/a $84,000
25:VERNON BRIDGE, PE 0.697% 38 $20,500 n/a $76,500
26:ST-PETERS BAY, PE 0.697% 48 $36,000 n/a $32,500
27:HUNTER RIVER, PE 0.697% 37 $49,800 $50,000 $242,500
28:CENTRAL BEDEQUE, PE 0.697% 38 n/a n/a $37,500
29:RICHMOND, PE 0.697% 40 $41,000 n/a $50,000

Age Demographics for Prince Edward Island Mortgage Inquiries

Average age: 37
Oldest age: 70
Youngest age: 20


Incomes for Prince Edward Island Mortgage Inquiries

The numbers below represent the average income of people living in Prince Edward Island who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Prince Edward Island: $44,572.56
applicants within all of Canada: $60,593.10
Difference: ($16,020.54)
  
mortgage co-applicants in Prince Edward Island: $34,453.17
co-applicants within all of Canada: $43,761.59
Difference: ($9,308.41)

Note: Commercial Mortgages were not included for this survey, only residential loans amounts from Prince Edward Island were used.

New Rate Comparison Calculator
Having trouble picturing how different interest rates and amortizations can affect the amount you'll end up paying in interest? Our new mortgage calculator graphs how much of your payment goes towards interest and how much goes towards the principal over your entire amortization. You can even plug in a new rate, term, or amortization and calculate or compare two mortgage interest rates side-by-side.
Calculator Compare and Calculate Rates
 
Compare Mortgage Rates Here
Interested in viewing current mortgage rates? Compare rates from all the best lenders in Canada using our mortgage rate comparison chart and find the lowest one.
Mortgage Rate Comparison
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Gloucester.

Mortgage Product Type Inquiries
New Purchase35.71%
First-time Home Buyer14.29%
Mortgage Pre-approval12.50%
No Money Down discontinued10.71%
Refinance/Consolidate Debt10.71%
Mortgage Renewal8.93%
Other7.16%