Canadian Licensing Info: Alberta Mortgage #MW-0511205,
BC Mortgage #X028169, FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
PRESENTED BY

The Mortgage Group®

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

Burnaby Mortgage Information

Average Mortgage Loan in Burnaby: $272,960

Busy Months for Mortgages Received within Burnaby

The 6-year bar graph below represents the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Burnaby occur during our second quarter (represented by the green bars) with 30.73% while our slowest is the fourth quarter (represented by the red bars) with 14.58%.

Busy Months Report for Burnaby Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 August: 12.5%
2 May: 12.0%
3 March: 12.0%
4 June: 9.9%
5 February: 9.4%
6 January: 8.8%
RankMonth Percentage of Applications
7 April: 8.8%
8 October: 8.8%
9 September: 8.8%
10 November: 3.1%
11 July: 3.1%
12 December: 2.6%

Busy Days for Mortgages Originating within Burnaby

The graph listed below illustrates the busy days for Internet mortgage applications that were received by the Super Brokers web site. A combined total of all occurrences of each day are represented for the past 5 years. In Burnaby the busiest day of the week, with 19.79% of all inquiries, is Monday. In comparison, Friday's are the slowest day with only 8.33% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 19.8%
2 Tuesday: 18.8%
3 Wednesday: 16.7%
4 Thursday: 13.0%
5 Sunday: 13.0%
6 Saturday: 10.4%
7 Friday: 8.3%
Busy Days Report for Burnaby Mortgages

Peak Hours for Mortgages within Burnaby

Burnaby mortgage applications are received 24 hours a day on our web site. The time periods below represents the rush hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Burnaby
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 5.2%
1AM 01:00 to 01:59: 2.6%
2AM 02:00 to 02:59: 1.0%
3AM 03:00 to 03:59: 0.5%
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: 5.7%
11AM 11:00 to 11:59: 4.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.8%
1PM 13:00 to 13:59: 6.8%
2PM 14:00 to 14:59: 9.4%
3PM 15:00 to 15:59: 5.7%
4PM 16:00 to 16:59: 8.3%
5PM 17:00 to 17:59: 9.9%
6PM 18:00 to 18:59: 5.7%
7PM 19:00 to 19:59: 4.7%
8PM 20:00 to 20:59: 4.2%
9PM 21:00 to 21:59: 4.2%
10PM 22:00 to 22:59: 4.7%
11PM 23:00 to 23:59: 4.7%

British Columbia Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.18%
British Columbia: 10.35%
Manitoba: 2.00%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.48%
Nunavut: 0.09%
Ontario: 47.21%
Prince Edward Island: 0.50%
Quebec: 3.93%
Saskatchewan: 5.06%
Yukon: 0.47%

How Burnaby Ranks in British Columbia for Mortgage Business

The following table lists how Burnaby 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
1VANCOUVER, BC 0.911%
2SURREY, BC 0.692%
3VICTORIA, BC 0.612%
4BURNABY, BC 0.331%
5KELOWNA, BC 0.319%
6PRINCE GEORGE, BC 0.290%
7ABBOTSFORD, BC 0.281%
8RICHMOND, BC 0.264%
9CHILLIWACK, BC 0.262%

Types of Mortgage Inquiries Received from Burnaby


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 26.0%
First-time Home Buyer: 24.5%
Mortgage Renewal: 14.1%
New Home Purchase: 12.5%
No Money Down Mortgage (discontinued): 8.3%
Refinance / Debt Consolidation: 7.8%
Other: 6.6%
 
Total Application Types Found: 13

Age Demographics for Burnaby Applicants

Average age: 37
Oldest age: 63
Youngest age: 21


Incomes for Burnaby Applicants

The following depicts the average income of Canadians living in Burnaby who have applied for a mortgage loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Burnaby: $60,849.19
applicants within all of Canada: $60,871.80
Difference: ($22.61)
  
mortgage co-applicants in Burnaby: $45,845.84
co-applicants within all of Canada: $44,075.54
Difference: $1,770.30

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


Last mortgage report update for Burnaby: Thursday, August 13, 2015
Mortgage Calculator
 
Did you know? The average home loan in Parksville is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
British Columbia
 
Mortgage Calculator
You may be closer than you think to buying your dream home. Want to find out how close? Our calculator will help you find out how much you can afford. Try the new mortgage calculator.
New Mortgage Calc