Mortgage Stats and Info for British Columbia, Canada
Busy Months
This graph below represents the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest month for mortgages from British Columbia mostly occurs in May with 10.1% of applications, while our slowest is December with 5.0%.
| May | 10.1% |
| April | 9.8% |
| March | 9.8% |
| January | 9.5% |
| June | 9.3% |
| February | 9.0% |
| August | 8.5% |
| July | 7.9% |
| September | 7.6% |
| October | 7.0% |
| November | 6.5% |
| December | 5.0% |
Busy Days
The information listed below plots the busy days for mortgage inquiries that were received by Super Brokers. Each day represents a combined total of all occurrences of that day in the past 5 years. In British Columbia the busiest day, with 17.6% of all submissions, is Tuesday. In comparison, Saturday is the slowest day with only 9.8% of all inquiries.
| Tuesday | 17.6% |
| Monday | 16.9% |
| Wednesday | 16.0% |
| Thursday | 15.4% |
| Friday | 12.9% |
| Sunday | 11.4% |
| Saturday | 9.8% |
Peak Hours
In British Columbia, inquiries are received 24 hours a day on the Mortgage Super Brokers web site. The following indicates the busy hours for mortgage inquiries in the day. 25.8% of all mortgages are received during the morning, while 74.2% arrive in the afternoon.
| Midnight - 1 AM | 1.7% |
| 1 AM - 2 AM | 1.0% |
| 2 AM - 3 AM | 0.6% |
| 3 AM - 4 AM | 0.5% |
| 4 AM - 5 AM | 0.4% |
| 5 AM - 6 AM | 0.5% |
| 6 AM - 7 AM | 0.9% |
| 7 AM - 8 AM | 2.0% |
| 8 AM - 9 AM | 3.3% |
| 9 AM - 10 AM | 5.1% |
| 10 AM - 11 AM | 6.8% |
| 11 AM - Noon | 7.7% |
| Noon - 1 PM | 6.9% |
| 1 PM - 2 PM | 7.0% |
| 2 PM - 3 PM | 6.8% |
| 3 PM - 4 PM | 6.3% |
| 4 PM - 5 PM | 6.6% |
| 5 PM - 6 PM | 5.6% |
| 6 PM - 7 PM | 5.8% |
| 7 PM - 8 PM | 5.4% |
| 8 PM - 9 PM | 5.6% |
| 9 PM - 10 PM | 5.7% |
| 10 PM - 11 PM | 4.8% |
| 11 PM - Midnight | 3.1% |
Busy Seasons
The pie chart displayed below lists the busy seasons for Internet application submissions received by Super Brokers. The busiest season for mortgages on properties in British Columbia generally occurs in Spring with 29.8%, while our slowest season is Autumn with 21.0%.
- Winter
- Spring
- Summer
- Autumn
| Winter | 23.5% |
| Spring | 29.8% |
| Summer | 25.7% |
| Autumn | 21.0% |
Top Cities
| Average | |||||||
|---|---|---|---|---|---|---|---|
| Rank# | City/Town | % of Inquiries | Age | Income | Co-Income | Loan | |
| 1 | Vancouver, BC | 0.94% | 39 | $72.5K | $44.4K | $279K | |
| 2 | Surrey, BC | 0.71% | 39 | $69.4K | $39K | $230K | |
| 3 | Victoria, BC | 0.64% | 40 | $65.6K | $38.3K | $240K | |
| 4 | Kelowna, BC | 0.325% | 41 | $70.5K | $53.5K | $214K | |
| 5 | Burnaby, BC | 0.314% | 37 | $58.8K | $53.8K | $221K | |
| 6 | Abbotsford, BC | 0.292% | 38 | $55.2K | $33.2K | $203K | |
| 7 | Prince George, BC | 0.287% | 38 | $52.4K | $43.6K | $155K | |
| 8 | Kamloops, BC | 0.277% | 38 | $50.4K | $37.4K | $167K | |
| 9 | Chilliwack, BC | 0.274% | 41 | $60.2K | $44.7K | $181K | |
| 10 | Richmond, BC | 0.266% | 40 | $64.7K | $30.5K | $221K | |
| 11 | Fort St. John, BC | 0.252% | 33 | $70.7K | $39K | $192K | |
| 12 | Coquitlam, BC | 0.230% | 38 | $69.1K | $41K | $235K | |
| 13 | Nanaimo, BC | 0.223% | 41 | $50.2K | $27.3K | $154K | |
| 14 | Langley, BC | 0.217% | 39 | $59.7K | $37.4K | $196K | |
| 15 | North Vancouver, BC | 0.212% | 40 | $73.1K | $114K | $292K | |
| 16 | Maple Ridge, BC | 0.179% | 41 | $59.6K | $38.1K | $199K | |
| 17 | Delta, BC | 0.163% | 42 | $64.4K | $45K | $243K | |
| 18 | Vernon, BC | 0.160% | 40 | $57.4K | $29.9K | $173K | |
| 19 | New Westminster, BC | 0.158% | 39 | $56.9K | $34.1K | $220K | |
| 20 | Dawson Creek, BC | 0.114% | 36 | $52.9K | $31.7K | $130K | |
| 21 | Campbell River, BC | 0.108% | 41 | $63K | $27.6K | $193K | |
| 22 | Terrace, BC | 0.105% | 39 | $56.5K | $46.4K | $169K | |
| 23 | Penticton, BC | 0.103% | 43 | $78.1K | $34.6K | $186K | |
| 24 | Port Alberni, BC | 0.097% | 39 | $46K | $27.7K | $114K | |
| 25 | Nelson, BC | 0.097% | 39 | $66.2K | $28.3K | $180K | |
Age Ranges for Mortgage Applicants
In British Columbia, the median age for when home-buyers inquire about a mortgage loan is 38. The youngest to apply for a mortgage with SuperBrokers in British Columbia was 18, whereas the oldest was 100 years old.
Marital Status for Mortgage Applicants
When mortgage applicants in British Columbia fill out a online application through our website, they enter a marital status, and the most popular status' they report are Married with 49.3%, Single with 26.9%, Common Law with 14.4%, Divorced with 4.4%, Separated with 4.1%, and Widowed with 1.0%.
Mortgage Types
Of the applications in British Columbia, the 5 most popular application types are Qualification with 23.5%, First-time Buyer with 14.7%, Refinance with 14.7%, Purchase with 14.3%, and No Money Down with 12.5%.
- Qualification
- First-time Buyer
- Refinance
- Purchase
- No Money Down
- Renewal
- Other
| Qualification | 23.5% |
| First-time Buyer | 14.7% |
| Refinance | 14.7% |
| Purchase | 14.3% |
| No Money Down | 12.5% |
| Renewal | 10.2% |
| Other | 10.0% |
Current Living Arrangement
When asked on an online mortgage application if they rent or own and where they currently live, the people of British Columbia frequently say: Own with 45.9%, Rent with 43.7%, and Live with parents with 3.4%.
