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Abbotsford Mortgage Information

Average Mortgage Loan in Abbotsford: $239,125

Busy Months for Mortgages Received within Abbotsford

The following bar graph represents the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Abbotsford seem to occur during our first quarter (represented by the brown bars) with 28.05% while our slowest is the fourth quarter (represented by the red bars) with 15.85%.

Busy Months Report for Abbotsford Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 February: 11.6%
2 September: 11.6%
3 June: 10.4%
4 January: 9.8%
5 August: 9.8%
6 May: 9.2%
RankMonth Percentage of Applications
7 April: 8.5%
8 July: 6.7%
9 March: 6.7%
10 October: 6.1%
11 November: 5.5%
12 December: 4.3%

Busy Days for Mortgages Originating within Abbotsford

The data below displays the busy days for online mortgage applications that were received by Super Brokers' web site. A combined total of all occurrences of each day are represented for the past 5 years. In Abbotsford the busiest day of the week, with 17.07% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 11.59% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 17.1%
2 Monday: 15.9%
3 Friday: 14.6%
4 Thursday: 14.0%
5 Sunday: 14.0%
6 Wednesday: 12.8%
7 Saturday: 11.6%
Busy Days Report for Abbotsford Mortgages

Peak Hours for Applicants within Abbotsford

Mortgage applications are received 24 hours a day via our web site. The report shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 18.3% of all mortgages are received during the morning, while 73.2% arrive in the afternoon.


Peak Hours Graph for Mortgages in Abbotsford
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 4.9%
1AM 01:00 to 01:59: 3.7%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 1.8%
4AM 04:00 to 04:59: 0.6%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 1.2%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 1.2%
9AM 09:00 to 09:59: 4.3%
10AM 10:00 to 10:59: 2.4%
11AM 11:00 to 11:59: 6.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.9%
1PM 13:00 to 13:59: 6.1%
2PM 14:00 to 14:59: 7.9%
3PM 15:00 to 15:59: 6.1%
4PM 16:00 to 16:59: 4.9%
5PM 17:00 to 17:59: 7.3%
6PM 18:00 to 18:59: 3.0%
7PM 19:00 to 19:59: 2.4%
8PM 20:00 to 20:59: 7.3%
9PM 21:00 to 21:59: 12.2%
10PM 22:00 to 22:59: 6.1%
11PM 23:00 to 23:59: 4.9%

British Columbia Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.07%
British Columbia: 10.40%
Manitoba: 2.00%
New Brunswick: 2.53%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.31%
Prince Edward Island: 0.51%
Quebec: 3.94%
Saskatchewan: 5.04%
Yukon: 0.47%

How Abbotsford Ranks in British Columbia for Mortgage Business

The following table lists how Abbotsford ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
2SURREY, BC 0.693%
3VICTORIA, BC 0.617%
4BURNABY, BC 0.330%
5KELOWNA, BC 0.318%
6PRINCE GEORGE, BC 0.290%
7ABBOTSFORD, BC 0.284%
8RICHMOND, BC 0.266%
9CHILLIWACK, BC 0.265%
10KAMLOOPS, BC 0.261%
11FORT ST JOHN, BC 0.251%
12LANGLEY, BC 0.225%

Types of Mortgage Inquiries Received from Abbotsford


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 30.5%
New Home Purchase: 15.2%
No Money Down Mortgage (discontinued): 14.0%
Refinance / Debt Consolidation: 12.2%
First-time Home Buyer: 10.4%
Mortgage Renewal: 7.9%
Pre-approval: 4.3%
Other: 5.4%
 
Total Application Types Found: 10

Age Demographics for Abbotsford Applicants

Average age: 38
Oldest age: 64
Youngest age: 20


Incomes for Abbotsford Applicants

The numbers below represent the average income of people living in Abbotsford who have applied for a mortgage loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Abbotsford: $56,957.52
applicants within all of Canada: $60,852.54
Difference: ($3,895.03)
  
mortgage co-applicants in Abbotsford: $41,769.12
co-applicants within all of Canada: $43,965.51
Difference: ($2,196.39)

Note: Commercial Mortgage loans were not included for this survey, only residential mortgages from Abbotsford, British Columbia were used.


Last mortgage report update for Abbotsford: Friday, July 1, 2016
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