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British Columbia Mortgage Information

Busy Months for Mortgages in British Columbia

This graph represents the volumes of Internet 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 29.99% while our slowest is the fourth quarter (represented by the red bars) with 17.59%.

Busy Months Report for British Columbia Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 10.3%
2 May: 10.1%
3 March: 10.0%
4 January: 10.0%
5 February: 9.6%
6 June: 9.5%
RankMonth Percentage of Applications
7 August: 8.0%
8 July: 7.6%
9 September: 7.2%
10 October: 6.8%
11 November: 6.0%
12 December: 4.8%

Busy Days for Mortgages in British Columbia

The information listed below illustrates the busy days for online mortgage applications 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 British Columbia the busiest day, with 17.52% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 9.89% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 17.5%
2 Monday: 17.0%
3 Wednesday: 16.0%
4 Thursday: 15.4%
5 Friday: 12.9%
6 Sunday: 11.3%
7 Saturday: 9.9%
Busy Days Report for British Columbia Mortgages

Peak Hours for British Columbia Mortgage Applications

In British Columbia, mortgage applications are received 24 hours a day via the Super Brokers' web site. The report shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years. Only 20.0% of all mortgages are received before noon, while 74.3% arrive in the afternoon.


Peak Hours Graph for Mortgages in British Columbia
TimePeriod (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: 1.9%
9AM 09:00 to 09:59: 3.3%
10AM 10:00 to 10:59: 5.1%
11AM 11:00 to 11:59: 6.8%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.5%
1PM 13:00 to 13:59: 7.0%
2PM 14:00 to 14:59: 7.0%
3PM 15:00 to 15:59: 6.7%
4PM 16:00 to 16:59: 6.3%
5PM 17:00 to 17:59: 6.6%
6PM 18:00 to 18:59: 5.7%
7PM 19:00 to 19:59: 5.9%
8PM 20:00 to 20:59: 5.5%
9PM 21:00 to 21:59: 5.6%
10PM 22:00 to 22:59: 5.6%
11PM 23:00 to 23:59: 4.8%

British Columbia Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage in Comparison
Alberta: 202.7%
British Columbia: 100.0%
Manitoba: 19.3%
New Brunswick: 24.3%
Newfoundland and Labrador: 12.5%
Nova Scotia: 31.7%
Northwest Territories: 4.7%
Nunavut: 0.9%
Ontario: 454.9%
Prince Edward Island: 4.9%
Quebec: 37.9%
Saskatchewan: 48.4%
Yukon: 4.5%

Top Producing Cities / Towns for Mortgages in British Columbia

Rank City or Town within
British Columbia
Percentage
of Inquiries
Avg
Age
Average
Income
Average
Co-Income
Average
Home Loan
1VANCOUVER, BC 8.778% 39 $69,431 $49,113 $289,566
2SURREY, BC 6.667% 39 $60,864 $46,062 $251,255
3VICTORIA, BC 5.935% 40 $62,874 $44,587 $256,122
4BURNABY, BC 3.175% 37 $60,460 $45,726 $270,620
5KELOWNA, BC 3.059% 41 $64,263 $36,349 $223,492
6PRINCE GEORGE, BC 2.793% 38 $53,904 $38,702 $180,114
7ABBOTSFORD, BC 2.727% 38 $56,957 $41,769 $239,125
8RICHMOND, BC 2.560% 40 $65,978 $37,929 $246,221
9CHILLIWACK, BC 2.544% 41 $56,952 $43,429 $202,610
10KAMLOOPS, BC 2.510% 38 $53,345 $44,472 $190,879
11FORT ST JOHN, BC 2.411% 33 $69,399 $43,627 $210,132
12LANGLEY, BC 2.161% 39 $61,941 $39,945 $237,472
13NORTH VANCOUVER, BC 2.111% 40 $75,317 $60,134 $310,420
14COQUITLAM, BC 2.095% 39 $66,815 $44,976 $271,019
15NANAIMO, BC 2.095% 41 $51,940 $32,356 $190,063
16MAPLE RIDGE, BC 1.696% 41 $57,288 $41,960 $227,471
17DELTA, BC 1.613% 41 $64,643 $46,630 $251,542
18NEW WESTMINSTER, BC 1.530% 39 $58,721 $46,071 $234,518
19VERNON, BC 1.496% 40 $54,618 $34,149 $195,344
20DAWSON CREEK, BC 1.081% 35 $49,612 $35,010 $153,174
21CAMPBELL RIVER, BC 1.064% 40 $59,726 $36,644 $208,662
22PORT ALBERNI, BC 0.948% 39 $48,129 $33,385 $140,284
23QUESNEL, BC 0.931% 37 $55,661 $46,728 $174,303
24TERRACE, BC 0.931% 40 $58,159 $58,250 $157,084
25PENTICTON, BC 0.881% 44 $51,813 $34,929 $187,430
26NELSON, BC 0.848% 40 $50,857 $35,295 $216,929
27SALMON ARM, BC 0.781% 38 $48,428 $27,481 $205,918
28PORT COQUITLAM, BC 0.781% 41 $64,314 $32,686 $232,936
29MISSION, BC 0.765% 39 $61,357 $53,495 $185,644
30COURTENAY, BC 0.748% 41 $52,244 $25,785 $187,994
31WESTBANK, BC 0.748% 44 $57,383 $33,801 $229,383
32CRANBROOK, BC 0.732% 40 $54,382 $46,240 $164,254
33VANDERHOOF, BC 0.648% 37 $50,787 $50,656 $156,294
34WILLIAMS LAKE, BC 0.632% 37 $58,191 $50,355 $173,670
35DUNCAN, BC 0.632% 39 $54,275 $44,827 $196,365
36REVELSTOKE, BC 0.549% 39 $55,568 $20,311 $182,980
37SPARWOOD, BC 0.532% 37 $65,527 $29,842 $175,685
38PORT MOODY, BC 0.515% 38 $93,015 $48,125 $295,427
39PRINCE RUPERT, BC 0.499% 39 $55,978 $43,928 $143,127
40KIMBERLEY, BC 0.499% 40 $50,071 $44,400 $155,821
41TRAIL, BC 0.499% 36 $46,570 $32,111 $152,948
42SECHELT, BC 0.482% 43 $52,111 $45,064 $247,978
43MERRITT, BC 0.482% 45 $57,534 $56,125 $207,229
44GRAND FORKS, BC 0.482% 44 $46,973 $28,789 $177,681
45SOOKE, BC 0.482% 36 $67,928 $38,693 $259,181
46LADYSMITH, BC 0.466% 40 $53,257 $39,436 $184,698
47COMOX, BC 0.432% 41 $54,140 $27,960 $168,797
48WHITE ROCK, BC 0.416% 41 $68,108 $48,857 $200,843
49SQUAMISH, BC 0.399% 34 $71,459 $46,625 $228,818
50KITIMAT, BC 0.382% 40 $69,808 $35,962 $130,500

Types of Mortgage Inquiries Received from British Columbia


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 24.4%
First-time Home Buyer: 15.1%
New Home Purchase: 14.6%
Refinance / Debt Consolidation: 13.9%
No Money Down Mortgage (discontinued): 11.8%
Mortgage Renewal: 10.4%
Other: 9.7%
 
Total Application Types Found: 23

Age Demographics for British Columbia Mortgage Inquiries

Average age: 40
Oldest age: 87
Youngest age: 19


Incomes for British Columbia Mortgage Inquiries

The following depicts the average income of people living in British Columbia who have submitted an inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in British Columbia: $60,581.71
applicants within all of Canada: $60,852.54
Difference: ($270.83)
  
mortgage co-applicants in British Columbia: $42,400.22
co-applicants within all of Canada: $43,965.51
Difference: ($1,565.29)

Note: Commercial Mortgages were not included for this survey, only home loans were used.

Last mortgage report update for British Columbia: Friday, July 1, 2016
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