Licensing Info:
FSCO (Ontario) #11363, 
Professional Listings
Mortgage Statistics
Apply Now
Mortgage Rates
Variable closed: 1.8% 1 year closed: 1.79% 3 year closed: 1.79% 5 year closed: 1.84% 10 year closed: 2.94% 
Glossary
Tools
Mortgage Calculators Credit Card Calculators
Professional Listings
Mortgage Statistics
Apply Now
Mortgage Rates
Glossary
ToolsKelowna Mortgage Information
Average Mortgage Loan in Kelowna: $223,492Busy 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%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage 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% |
| Rank | Month | 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% |
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.
| Time | Period (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% |
| Time | Period (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.
| Rank | Location | Contribution |
|---|---|---|
| 1 | VANCOUVER, BC | 0.913% |
| 2 | SURREY, BC | 0.693% |
| 3 | VICTORIA, BC | 0.617% |
| 4 | BURNABY, BC | 0.330% |
| 5 | KELOWNA, BC | 0.318% |
| 6 | PRINCE GEORGE, BC | 0.290% |
| 7 | ABBOTSFORD, BC | 0.284% |
| 8 | RICHMOND, BC | 0.266% |
| 9 | CHILLIWACK, BC | 0.265% |
| 10 | KAMLOOPS, 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) |
Nearest Settlements
- Chase
- Coldstream
- Merritt
- Naramata
- Oyama
- Peachland
- Savona
- Summerland
- Westbank
- Winfield
- Compare Interest Rates
- Kelowna Broker Contact
Municipal mortgage stats:
Related mortgage information:
|
|
Tel: Fax: info@superbrokers.ca |