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Cranbrook Mortgage Information

Average Mortgage Loan in Cranbrook: $164,254

Busy Days for Mortgages Received within Cranbrook

The graph listed below displays the busy days for online 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 Cranbrook, the day with the most volume, generating 22.73% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 6.82% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 22.7%
2 Sunday: 15.9%
3 Thursday: 15.9%
4 Tuesday: 13.6%
5 Friday: 13.6%
6 Wednesday: 11.4%
7 Saturday: 6.8%
Busy Days Report for Cranbrook Mortgages

Peak Hours for Mortgage Applicants within Cranbrook

Mortgage applications are received 24 hours a day via the Super Brokers' web site. The following represents the rush hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Cranbrook
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 2.3%
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: 0%
8AM 08:00 to 08:59: 0%
9AM 09:00 to 09:59: 6.8%
10AM 10:00 to 10:59: 6.8%
11AM 11:00 to 11:59: 6.8%
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: 4.5%
3PM 15:00 to 15:59: 9.1%
4PM 16:00 to 16:59: 9.1%
5PM 17:00 to 17:59: 9.1%
6PM 18:00 to 18:59: 6.8%
7PM 19:00 to 19:59: 9.1%
8PM 20:00 to 20:59: 4.5%
9PM 21:00 to 21:59: 4.5%
10PM 22:00 to 22:59: 2.3%
11PM 23:00 to 23:59: 4.5%

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 Cranbrook Ranks in British Columbia for Mortgage Business

The following table lists how Cranbrook 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
27SALMON ARM, BC 0.081%
28PORT COQUITLAM, BC 0.081%
29MISSION, BC 0.080%
30COURTENAY, BC 0.078%
31WESTBANK, BC 0.078%
32CRANBROOK, BC 0.076%
33VANDERHOOF, BC 0.067%
34WILLIAMS LAKE, BC 0.066%
35DUNCAN, BC 0.066%
36REVELSTOKE, BC 0.057%
37SPARWOOD, BC 0.055%

Types of Mortgage Inquiries Received from Cranbrook


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 27.3%
New Home Purchase: 22.7%
Refinance / Debt Consolidation: 18.2%
No Money Down Mortgage (discontinued): 13.6%
First-time Home Buyer: 11.4%
Other: 6.9%
 
Total Application Types Found: 8

Age Demographics for Cranbrook Originated Mortgages

Average age: 40
Oldest age: 64
Youngest age: 22


Incomes for Cranbrook Originated Mortgages

The following depicts the average income of people living in Cranbrook who have submitted a mortgage inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Cranbrook: $54,382.40
applicants within all of Canada: $60,852.54
Difference: ($6,470.14)
  
mortgage co-applicants in Cranbrook: $46,240.71
co-applicants within all of Canada: $43,965.51
Difference: $2,275.20

Note: Commercial Mortgage loans were not included for this survey, only residential loans amounts from Cranbrook, British Columbia were used.


Last mortgage report update for Cranbrook: Friday, July 1, 2016
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