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Grand Forks Mortgage Information

Average Mortgage Loan in Grand Forks: $177,681

Busy Days for Applications within Grand Forks

The information listed below illustrates the busy days for Internet applications that were received by the Super Brokers web site. Each day is a representation of the combined 6-year total of all instances of that day. In Grand Forks the busiest day, with approximately 24.14% of all submissions, is Tuesday. In comparison, Monday's are the slowest day with only 3.45% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 24.1%
2 Friday: 24.1%
3 Sunday: 20.7%
4 Thursday: 13.8%
5 Wednesday: 6.9%
6 Saturday: 6.9%
7 Monday: 3.5%
Busy Days Report for Grand Forks Mortgages

Peak Hours for Based Mortgages within Grand Forks

Applications are received 24 hours a day on the Mortgage Super Brokers web site. The statistics shown below represents the peak hours within a 24-hour period. The data is taken from all days of all years. Only 34.5% of all mortgages are received before noon, while 65.5% arrive in the afternoon.


Peak Hours Graph for Mortgages in Grand Forks
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: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 3.4%
6AM 06:00 to 06:59: 3.4%
7AM 07:00 to 07:59: 3.4%
8AM 08:00 to 08:59: 0%
9AM 09:00 to 09:59: 6.9%
10AM 10:00 to 10:59: 0%
11AM 11:00 to 11:59: 17.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 3.4%
1PM 13:00 to 13:59: 3.4%
2PM 14:00 to 14:59: 6.9%
3PM 15:00 to 15:59: 0%
4PM 16:00 to 16:59: 0%
5PM 17:00 to 17:59: 3.4%
6PM 18:00 to 18:59: 13.8%
7PM 19:00 to 19:59: 3.4%
8PM 20:00 to 20:59: 0%
9PM 21:00 to 21:59: 10.3%
10PM 22:00 to 22:59: 10.3%
11PM 23:00 to 23:59: 10.3%

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 Grand Forks Ranks in British Columbia for Mortgage Business

The following table lists how Grand Forks 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
39PRINCE RUPERT, BC 0.052%
40KIMBERLEY, BC 0.052%
41TRAIL, BC 0.052%
42SECHELT, BC 0.050%
43MERRITT, BC 0.050%
44GRAND FORKS, BC 0.050%
45SOOKE, BC 0.050%
46LADYSMITH, BC 0.048%
47COMOX, BC 0.045%
48WHITE ROCK, BC 0.043%
49SQUAMISH, BC 0.041%

Types of Mortgage Inquiries Received from Grand Forks


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 31.0%
New Home Purchase: 24.1%
Refinance / Debt Consolidation: 17.2%
First-time Home Buyer: 10.3%
No Money Down Mortgage (discontinued): 6.9%
Other: 10.2%
 
Total Application Types Found: 8

Age Demographics for Grand Forks Applicants

Average age: 44
Oldest age: 72
Youngest age: 23


Incomes for Grand Forks Applicants

The figures below represent the average income of people living in Grand Forks who have applied for a home loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Grand Forks: $46,973.92
applicants within all of Canada: $60,852.54
Difference: ($13,878.62)
  
mortgage co-applicants in Grand Forks: $28,789.88
co-applicants within all of Canada: $43,965.51
Difference: ($15,175.64)

Note: Commercial Mortgages were not included for this section, only residential mortgage loans were used.


Last mortgage report update for Grand Forks: 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 Nanaimo.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt26.19%
Mortgage Pre-approval21.43%
No Money Down discontinued13.49%
Mortgage Renewal13.49%
New Purchase13.49%
First-time Home Buyer7.94%
Other3.96%