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Kamloops Mortgage Information

Average Mortgage Loan in Kamloops: $190,879

Busy Months for Applications within Kamloops

The following represents the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Kamloops occur during our second quarter (represented by the green bars) with 34.44% while our slowest is the fourth quarter (represented by the red bars) with 15.89%.

Busy Months Report for Kamloops Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 14.6%
2 January: 11.9%
3 April: 11.9%
4 May: 11.3%
5 June: 11.3%
6 December: 8.0%
RankMonth Percentage of Applications
7 February: 7.3%
8 July: 7.3%
9 August: 6.0%
10 November: 4.6%
11 October: 3.3%
12 September: 2.6%

Busy Days for Online Applications within Kamloops

The bar graph below illustrates the busy days for mortgage applications that were received by the Super Brokers web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Kamloops the busiest day, with 19.21% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 9.93% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 19.2%
2 Friday: 17.9%
3 Wednesday: 16.6%
4 Thursday: 14.6%
5 Monday: 11.3%
6 Sunday: 10.6%
7 Saturday: 9.9%
Busy Days Report for Kamloops Mortgages

Peak Hours for Mortgages within Kamloops

Mortgage applications are received 24 hours a day on the Mortgage Super Brokers web site. The report shown below represents the rush hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Kamloops
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 3.3%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 1.3%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0.7%
5AM 05:00 to 05:59: 0.7%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 0.7%
8AM 08:00 to 08:59: 0%
9AM 09:00 to 09:59: 2.0%
10AM 10:00 to 10:59: 7.9%
11AM 11:00 to 11:59: 6.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.6%
1PM 13:00 to 13:59: 5.3%
2PM 14:00 to 14:59: 4.6%
3PM 15:00 to 15:59: 11.3%
4PM 16:00 to 16:59: 7.9%
5PM 17:00 to 17:59: 5.3%
6PM 18:00 to 18:59: 6.6%
7PM 19:00 to 19:59: 3.3%
8PM 20:00 to 20:59: 6.0%
9PM 21:00 to 21:59: 6.6%
10PM 22:00 to 22:59: 7.3%
11PM 23:00 to 23:59: 4.6%

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 Kamloops Ranks in British Columbia for Mortgage Business

The following table lists how Kamloops 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
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%
15NANAIMO, BC 0.218%

Types of Mortgage Inquiries Received from Kamloops


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 25.2%
First-time Home Buyer: 17.9%
No Money Down Mortgage (discontinued): 15.2%
Refinance / Debt Consolidation: 15.2%
New Home Purchase: 13.2%
Mortgage Renewal: 7.3%
Other: 6%
 
Total Application Types Found: 11

Age Demographics for Kamloops Based Mortgages

Average age: 38
Oldest age: 70
Youngest age: 20


Incomes for Kamloops Based Mortgages

The following depicts the average income of people living in Kamloops who have applied for a mortgage loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Kamloops: $53,345.92
applicants within all of Canada: $60,852.54
Difference: ($7,506.62)
  
mortgage co-applicants in Kamloops: $44,472.81
co-applicants within all of Canada: $43,965.51
Difference: $507.30

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


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