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Kelowna Mortgage Information

Average Mortgage Loan in Kelowna: $223,492

Busy Months for Mortgages within Kelowna

The following displays the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Kelowna mostly occur during our second quarter (represented by the green bars) with 33.15% while our slowest is the fourth quarter (represented by the red bars) with 16.85%.

Busy Months Report for Kelowna Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 13.6%
2 April: 12.5%
3 May: 10.9%
4 March: 10.9%
5 June: 9.8%
6 October: 8.7%
RankMonth Percentage of Applications
7 August: 7.6%
8 February: 6.5%
9 November: 6.0%
10 July: 6.0%
11 September: 5.4%
12 December: 2.2%

Busy Days for Online Applications within Kelowna

The bar graph listed below displays the busy days for online mortgage applications that were received by Super Brokers' web site. Each day is a representation of the combined 6-year total of all instances of that day. In Kelowna the busiest day, with approximately 20.11% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 8.70% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 20.1%
2 Tuesday: 17.9%
3 Thursday: 15.2%
4 Sunday: 15.2%
5 Wednesday: 14.1%
6 Friday: 8.7%
7 Saturday: 8.7%
Busy Days Report for Kelowna Mortgages

Peak Hours for Based Mortgages within Kelowna

Inquiries are received 24 hours a day from our web site. The information shown below represents the peak hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Kelowna
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.6%
1AM 01:00 to 01:59: 1.1%
2AM 02:00 to 02:59: 0.5%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0.5%
6AM 06:00 to 06:59: 0.5%
7AM 07:00 to 07:59: 2.2%
8AM 08:00 to 08:59: 2.2%
9AM 09:00 to 09:59: 1.1%
10AM 10:00 to 10:59: 5.4%
11AM 11:00 to 11:59: 6.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.2%
1PM 13:00 to 13:59: 6.0%
2PM 14:00 to 14:59: 6.5%
3PM 15:00 to 15:59: 3.8%
4PM 16:00 to 16:59: 7.1%
5PM 17:00 to 17:59: 6.5%
6PM 18:00 to 18:59: 3.8%
7PM 19:00 to 19:59: 9.2%
8PM 20:00 to 20:59: 6.0%
9PM 21:00 to 21:59: 9.2%
10PM 22:00 to 22:59: 7.1%
11PM 23:00 to 23:59: 5.4%

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 Kelowna Ranks in British Columbia for Mortgage Business

The following table lists how Kelowna 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
1VANCOUVER, BC 0.913%
2SURREY, BC 0.693%
3VICTORIA, BC 0.617%
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%

Types of Mortgage Inquiries Received from Kelowna


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 26.6%
First-time Home Buyer: 14.1%
New Home Purchase: 14.1%
Refinance / Debt Consolidation: 13.0%
No Money Down Mortgage (discontinued): 11.4%
Mortgage Renewal: 10.9%
Other: 9.6%
 
Total Application Types Found: 15

Age Demographics for Kelowna Mortgage Applicants

Average age: 41
Oldest age: 76
Youngest age: 20


Incomes for Kelowna Mortgage Applicants

The amounts shown below represent the average income of applicants living in Kelowna who have submitted an inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Kelowna: $64,263.29
applicants within all of Canada: $60,852.54
Difference: $3,410.75
  
mortgage co-applicants in Kelowna: $36,349.63
co-applicants within all of Canada: $43,965.51
Difference: ($7,615.88)

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


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