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ToolsBurnaby Mortgage Information
Average Mortgage Loan in Burnaby: $270,620Busy Months for Mortgages Received within Burnaby
This bar graph shows the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Burnaby seem to occur during our second quarter (represented by the green bars) with 30.89% while our slowest is the fourth quarter (represented by the red bars) with 14.66%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | May: | 12.0% | |
| 2 | August: | 12.0% | |
| 3 | March: | 11.5% | |
| 4 | February: | 9.9% | |
| 5 | April: | 9.4% | |
| 6 | June: | 9.4% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | January: | 8.9% | |
| 8 | October: | 8.9% | |
| 9 | September: | 8.9% | |
| 10 | November: | 3.1% | |
| 11 | July: | 3.1% | |
| 12 | December: | 2.6% |
Busy Days for Mortgage Applications within Burnaby
The bar graph listed below compares 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 Burnaby, the day with the most volume, having more than 18.85% of all submissions, is Tuesday. In comparison, Friday's are the slowest day with only 8.38% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Tuesday: | 18.9% |
| 2 | Monday: | 18.3% |
| 3 | Wednesday: | 17.3% |
| 4 | Sunday: | 13.6% |
| 5 | Thursday: | 13.1% |
| 6 | Saturday: | 10.5% |
| 7 | Friday: | 8.4% |
Peak Hours for Mortgage Applicants within Burnaby
Inquiries are received 24 hours a day via our web site. The graph shown below represents the busy hours in the day. The data is taken from all days of all years. Only 15.2% of all mortgages are received during the morning, while 75.9% arrive in the afternoon.
| Time | Period (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% |
| 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: | 5.2% |
| 11AM | 11:00 to 11:59: | 4.7% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 6.8% |
| 1PM | 13:00 to 13:59: | 6.3% |
| 2PM | 14:00 to 14:59: | 9.4% |
| 3PM | 15:00 to 15:59: | 5.8% |
| 4PM | 16:00 to 16:59: | 8.9% |
| 5PM | 17:00 to 17:59: | 10.5% |
| 6PM | 18:00 to 18:59: | 5.8% |
| 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: | 21.07% |
| 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 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.
| Rank | Location | Contribution |
|---|---|---|
| 1 | VANCOUVER, BC | 0.913% |
| 2 | SURREY, BC | 0.693% |
| 3 | VICTORIA, BC | 0.617% |
| 4 | BURNABY, BC | 0.330% |
| 5 | KELOWNA, BC | 0.318% |
| 6 | PRINCE GEORGE, BC | 0.290% |
| 7 | ABBOTSFORD, BC | 0.284% |
| 8 | RICHMOND, BC | 0.266% |
| 9 | CHILLIWACK, BC | 0.265% |
Types of Mortgage Inquiries Received from Burnaby
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| Mortgage Pre-approval: | 25.7% | |
| First-time Home Buyer: | 24.6% | |
| Mortgage Renewal: | 14.1% | |
| New Home Purchase: | 12.6% | |
| No Money Down Mortgage (discontinued): | 8.4% | |
| Refinance / Debt Consolidation: | 7.9% | |
| Other: | 6.6% | |
| Total Application Types Found: 13 | ||
Age Demographics for Burnaby Mortgage Applicants
Average age: 37
Oldest age: 63
Youngest age: 21
Incomes for Burnaby Mortgage Applicants
The amounts below are the average income of Canadians living in Burnaby who have applied for a loan using the pre-approval application on Mortgage Super Brokers' web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Burnaby: | $60,460.39 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | ($392.15) |
| mortgage co-applicants in Burnaby: | $45,726.30 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | $1,760.79 |
Nearest Settlements
- Delta
- Ladner
- New Westminster
- North Delta
- North Vancouver
- Port Moody
- Richmond
- Surrey
- Vancouver
- West Vancouver
- Compare Interest Rates
- Burnaby Broker Contact
Municipal mortgage stats:
Related mortgage information:
| Mortgage Product Type | Inquiries | |
|---|---|---|
| Mortgage Pre-approval | 25.65% | |
| First-time Home Buyer | 24.61% | |
| Mortgage Renewal | 14.14% | |
| New Purchase | 12.57% | |
| No Money Down discontinued | 8.38% | |
| Refinance/Consolidate Debt | 7.85% | |
| Other | 6.8% |
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Tel: Fax: info@superbrokers.ca |