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Chilliwack Mortgage Information

Average Mortgage Loan in Chilliwack: $202,610

Busy Months for Mortgages within Chilliwack

This graph displays the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Chilliwack usually occur during our first quarter (represented by the brown bars) with 33.99% while our slowest is the fourth quarter (represented by the red bars) with 15.03%.

Busy Months Report for Chilliwack Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 13.7%
2 February: 13.1%
3 June: 11.8%
4 April: 11.1%
5 May: 9.2%
6 January: 7.2%
RankMonth Percentage of Applications
7 July: 7.2%
8 August: 6.5%
9 November: 5.9%
10 December: 5.9%
11 September: 5.2%
12 October: 3.3%

Busy Days for Mortgages Originating within Chilliwack

The graph listed below compares the busy days for Internet 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 Chilliwack the busiest day, with 26.14% of all inquiries, is Tuesday. In comparison, Sunday's are the slowest day with only 6.54% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 26.1%
2 Monday: 20.3%
3 Wednesday: 14.4%
4 Thursday: 13.7%
5 Saturday: 10.5%
6 Friday: 8.5%
7 Sunday: 6.5%
Busy Days Report for Chilliwack Mortgages

Peak Hours for Based Mortgages within Chilliwack

In Chilliwack, inquiries are received 24 hours a day on the Super Brokers web site. The following indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 20.9% of all mortgages are received before noon, while 73.9% arrive in the afternoon.


Peak Hours Graph for Mortgages in Chilliwack
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.6%
1AM 01:00 to 01:59: 2.0%
2AM 02:00 to 02:59: 0.7%
3AM 03:00 to 03:59: 0.7%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0.7%
7AM 07:00 to 07:59: 1.3%
8AM 08:00 to 08:59: 2.6%
9AM 09:00 to 09:59: 2.6%
10AM 10:00 to 10:59: 5.9%
11AM 11:00 to 11:59: 7.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.8%
1PM 13:00 to 13:59: 6.5%
2PM 14:00 to 14:59: 7.8%
3PM 15:00 to 15:59: 7.2%
4PM 16:00 to 16:59: 5.9%
5PM 17:00 to 17:59: 5.9%
6PM 18:00 to 18:59: 4.6%
7PM 19:00 to 19:59: 6.5%
8PM 20:00 to 20:59: 4.6%
9PM 21:00 to 21:59: 7.8%
10PM 22:00 to 22:59: 6.5%
11PM 23:00 to 23:59: 2.6%

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 Chilliwack Ranks in British Columbia for Mortgage Business

The following table lists how Chilliwack 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
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%
13NORTH VANCOUVER, BC 0.220%
14COQUITLAM, BC 0.218%

Types of Mortgage Inquiries Received from Chilliwack


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 21.6%
Mortgage Pre-approval: 20.9%
New Home Purchase: 16.3%
No Money Down Mortgage (discontinued): 12.4%
Mortgage Renewal: 8.5%
First-time Home Buyer: 7.8%
Other: 12.6%
 
Total Application Types Found: 14

Age Demographics for Chilliwack Mortgage Applicants

Average age: 41
Oldest age: 74
Youngest age: 23


Incomes for Chilliwack Mortgage Applicants

The following depicts the average income of applicants living in Chilliwack who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Chilliwack: $56,952.98
applicants within all of Canada: $60,852.54
Difference: ($3,899.56)
  
mortgage co-applicants in Chilliwack: $43,429.80
co-applicants within all of Canada: $43,965.51
Difference: ($535.71)

Note: Commercial loans were not included for this report, only home loans from Chilliwack, British Columbia were used.


Last mortgage report update for Chilliwack: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Coquitlam.

Mortgage Product Type Inquiries
Mortgage Pre-approval25.40%
Mortgage Renewal15.87%
First-time Home Buyer13.49%
Refinance/Consolidate Debt13.49%
New Purchase12.70%
No Money Down discontinued11.90%
Other7.13%
 
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