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Current Mortgage Rates:Variable closed: 2.20% 1 year closed: 2.69% 3 year closed: 2.49% 5 year closed: 2.59% 10 year closed: 3.84% 
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ToolsBusy Months for Applications within Burnaby
The graph below represents the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Burnaby mostly occur during our second quarter (represented by the green bars) with 30.69% while our slowest is the fourth quarter (represented by the red bars) with 14.81%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | May: | 12.2% | |
| 2 | August: | 12.2% | |
| 3 | March: | 11.6% | |
| 4 | February: | 9.5% | |
| 5 | June: | 9.5% | |
| 6 | January: | 9.0% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | April: | 9.0% | |
| 8 | October: | 9.0% | |
| 9 | September: | 9.0% | |
| 10 | November: | 3.2% | |
| 11 | July: | 3.2% | |
| 12 | December: | 2.6% |
Busy Days for Mortgages Received within Burnaby
The bar graph listed below compares the busy days for Internet mortgage applications that were received by the Super Brokers web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Burnaby the busiest day, with 19.05% of all submissions, is Tuesday. In comparison, Friday's are the slowest day with only 8.47% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1: | Tuesday: | 19.1% |
| 2: | Monday: | 18.5% |
| 3: | Wednesday: | 16.9% |
| 4: | Thursday: | 13.2% |
| 5: | Sunday: | 13.2% |
| 6: | Saturday: | 10.6% |
| 7: | Friday: | 8.5% |
Peak Hours for Mortgages within Burnaby
Mortgage applications are received 24 hours a day from our web site. The report shown below indicates the busy hours in the day. The data is taken from all days of all years. Only 15.3% of all mortgages are received before noon, while 75.7% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 5.3% |
| 1AM | 01:00 to 01:59: | 2.6% |
| 2AM | 02:00 to 02:59: | 1.1% |
| 3AM | 03:00 to 03:59: | 0% |
| 4AM | 04:00 to 04:59: | 0% |
| 5AM | 05:00 to 05:59: | 0.5% |
| 6AM | 06:00 to 06:59: | 1.6% |
| 7AM | 07:00 to 07:59: | 0.5% |
| 8AM | 08:00 to 08:59: | 0.5% |
| 9AM | 09:00 to 09:59: | 2.1% |
| 10AM | 10:00 to 10:59: | 5.3% |
| 11AM | 11:00 to 11:59: | 4.8% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 6.9% |
| 1PM | 13:00 to 13:59: | 6.3% |
| 2PM | 14:00 to 14:59: | 9.5% |
| 3PM | 15:00 to 15:59: | 5.8% |
| 4PM | 16:00 to 16:59: | 8.5% |
| 5PM | 17:00 to 17:59: | 10.1% |
| 6PM | 18:00 to 18:59: | 5.8% |
| 7PM | 19:00 to 19:59: | 4.8% |
| 8PM | 20:00 to 20:59: | 4.2% |
| 9PM | 21:00 to 21:59: | 4.2% |
| 10PM | 22:00 to 22:59: | 4.8% |
| 11PM | 23:00 to 23:59: | 4.8% |
British Columbia Mortgage Originations Compared to all other Provinces
| Online Mortgage Origination for the Province of | Percentage of Applications |
|---|---|
| Alberta: | 20.83% |
| British Columbia: | 10.42% |
| Manitoba: | 1.98% |
| New Brunswick: | 2.52% |
| Newfoundland and Labrador: | 1.29% |
| Nova Scotia: | 3.31% |
| Northwest Territories: | 0.48% |
| Nunavut: | 0.10% |
| Ontario: | 47.68% |
| Prince Edward Island: | 0.51% |
| Quebec: | 3.96% |
| Saskatchewan: | 5.03% |
| Yukon: | 0.48% |
Current City Standing within British Columbia
| Rank | Location | Contribution |
|---|---|---|
| 1: | VANCOUVER, BC | 0.923% |
| 2: | SURREY, BC | 0.699% |
| 3: | VICTORIA, BC | 0.618% |
| 4: | BURNABY, BC | 0.336% |
| 5: | KELOWNA, BC | 0.325% |
| 6: | PRINCE GEORGE, BC | 0.289% |
| 7: | ABBOTSFORD, BC | 0.286% |
| 8: | RICHMOND, BC | 0.270% |
| 9: | CHILLIWACK, BC | 0.265% |
Nearest Settlements
Age Demographics for Burnaby Mortgages
Average age: 37
Oldest age: 63
Youngest age: 21
Incomes for Burnaby Mortgages
The amounts below are the average income of applicants living in Burnaby who have applied for a loan using Mortgage Super Brokers' pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Burnaby: | $60,741.72 |
| applicants within all of Canada: | $60,593.10 |
| Difference: | $148.62 |
| mortgage co-applicants in Burnaby: | $46,038.14 |
| co-applicants within all of Canada: | $43,761.59 |
| Difference: | $2,276.55 |
- Delta
- Ladner
- New Westminster
- North Delta
- North Vancouver
- Port Moody
- Richmond
- Surrey
- Vancouver
- West Vancouver
| Mortgage Product Type | Inquiries | |
|---|---|---|
| First-time Home Buyer | 23.39% | |
| Mortgage Pre-approval | 19.76% | |
| New Purchase | 18.55% | |
| No Money Down discontinued | 15.73% | |
| Refinance/Consolidate Debt | 10.48% | |
| Mortgage Renewal | 5.24% | |
| Other | 6.85% |
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Corporate Office Fax: 1-866-565-1864 info@superbrokers.ca |