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Kelowna Mortgage Information

Average Mortgage Loan in Kelowna: $222,604

Busy Months for Online Applications within Kelowna

The 6-year bar graph below depicts the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Kelowna seem to 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 Mortgages Originating within Kelowna

The information below illustrates the busy days for mortgage inquiries 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 Kelowna the busiest day, with 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

In Kelowna, mortgage applications are received 24 hours a day from our web site. The following indicates the busy 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: 3.3%
4PM 16:00 to 16:59: 7.6%
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: 21.16%
British Columbia: 10.37%
Manitoba: 1.99%
New Brunswick: 2.51%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.28%
Prince Edward Island: 0.50%
Quebec: 3.94%
Saskatchewan: 5.05%
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 0.915%
2SURREY, BC 0.691%
3VICTORIA, BC 0.615%
4BURNABY, BC 0.329%
5KELOWNA, BC 0.319%
6PRINCE GEORGE, BC 0.289%
7ABBOTSFORD, BC 0.281%
8RICHMOND, BC 0.265%
9CHILLIWACK, BC 0.263%
10KAMLOOPS, BC 0.258%

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: 13.6%
Refinance / Debt Consolidation: 13.0%
No Money Down Mortgage (discontinued): 11.4%
Mortgage Renewal: 10.9%
Other: 10.2%
 
Total Application Types Found: 15

Age Demographics for Kelowna Mortgages

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


Incomes for Kelowna Mortgages

The numbers below represent the average income of people living in Kelowna who have submitted a mortgage inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Kelowna: $64,715.27
applicants within all of Canada: $60,841.69
Difference: $3,873.59
  
mortgage co-applicants in Kelowna: $36,349.63
co-applicants within all of Canada: $44,024.91
Difference: ($7,675.28)

Note: Commercial Mortgage loans were not included for this survey, only residential loans were used.


Last mortgage report update for Kelowna: Wednesday, May 20, 2015
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