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Coquitlam Mortgage Information

Average Mortgage Loan in Coquitlam: $271,019

Busy Months for Mortgages within Coquitlam

The following illustrates the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Coquitlam happen to occur during our second quarter (represented by the green bars) with 30.95% while our slowest is the fourth quarter (represented by the red bars) with 17.46%.

Busy Months Report for Coquitlam Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 15.1%
2 March: 11.1%
3 October: 11.1%
4 August: 10.3%
5 July: 9.5%
6 September: 9.5%
RankMonth Percentage of Applications
7 May: 8.7%
8 June: 7.1%
9 January: 6.3%
10 February: 4.8%
11 November: 4.0%
12 December: 2.4%

Busy Days for Online Applications within Coquitlam

The bar graph below illustrates the busy days for Internet mortgage applications that were received by Super Brokers' web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Coquitlam the busiest day of the week, with 19.84% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 11.11% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 19.8%
2 Tuesday: 18.3%
3 Friday: 14.3%
4 Wednesday: 12.7%
5 Sunday: 12.7%
6 Thursday: 11.1%
7 Saturday: 11.1%
Busy Days Report for Coquitlam Mortgages

Peak Hours for Mortgages within Coquitlam

Coquitlam mortgage applications are received 24 hours a day from the Super Brokers web site. The time periods below represents the rush hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Coquitlam
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.4%
1AM 01:00 to 01:59: 1.6%
2AM 02:00 to 02:59: 0.8%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 1.6%
8AM 08:00 to 08:59: 0.8%
9AM 09:00 to 09:59: 2.4%
10AM 10:00 to 10:59: 3.2%
11AM 11:00 to 11:59: 7.9%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.9%
1PM 13:00 to 13:59: 4.0%
2PM 14:00 to 14:59: 9.5%
3PM 15:00 to 15:59: 7.1%
4PM 16:00 to 16:59: 4.8%
5PM 17:00 to 17:59: 6.3%
6PM 18:00 to 18:59: 8.7%
7PM 19:00 to 19:59: 6.3%
8PM 20:00 to 20:59: 9.5%
9PM 21:00 to 21:59: 3.2%
10PM 22:00 to 22:59: 7.9%
11PM 23:00 to 23:59: 4.0%

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 Coquitlam Ranks in British Columbia for Mortgage Business

The following table lists how Coquitlam 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
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%
15NANAIMO, BC 0.218%
16MAPLE RIDGE, BC 0.176%
17DELTA, BC 0.168%
18NEW WESTMINSTER, BC 0.159%
19VERNON, BC 0.156%

Types of Mortgage Inquiries Received from Coquitlam


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 25.4%
Mortgage Renewal: 15.9%
First-time Home Buyer: 13.5%
Refinance / Debt Consolidation: 13.5%
New Home Purchase: 12.7%
No Money Down Mortgage (discontinued): 11.9%
Other: 7.2%
 
Total Application Types Found: 11

Age Demographics for Coquitlam Based Mortgages

Average age: 39
Oldest age: 68
Youngest age: 21


Incomes for Coquitlam Based Mortgages

The numbers below represent the average income of Canadians living in Coquitlam who have applied for a loan using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Coquitlam: $66,815.45
applicants within all of Canada: $60,852.54
Difference: $5,962.91
  
mortgage co-applicants in Coquitlam: $44,976.19
co-applicants within all of Canada: $43,965.51
Difference: $1,010.67

Note: Commercial Mortgages were not included for this survey, only residential mortgages from Coquitlam, British Columbia were used.


Last mortgage report update for Coquitlam: 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 Maple Ridge.

Mortgage Product Type Inquiries
Mortgage Pre-approval24.51%
Mortgage Renewal15.69%
No Money Down discontinued13.73%
New Purchase13.73%
Refinance/Consolidate Debt11.76%
First-time Home Buyer8.82%
Other11.76%
 
Did you know? The average home loan in Grand Forks is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
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