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Langley Mortgage Information

Average Mortgage Loan in Langley: $237,472

Busy Months for Mortgage Applications within Langley

The bar graph below represents the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Langley usually occur during our first quarter (represented by the brown bars) with 30.00% while our slowest is the fourth quarter (represented by the red bars) with 13.08%.

Busy Months Report for Langley Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 14.6%
2 August: 13.1%
3 June: 11.5%
4 March: 10.8%
5 April: 9.2%
6 July: 8.5%
RankMonth Percentage of Applications
7 September: 7.7%
8 May: 6.9%
9 November: 4.6%
10 February: 4.6%
11 October: 4.6%
12 December: 3.9%

Busy Days for Mortgage Applications within Langley

The information below compares the busy days for online inquiries that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Langley, the day with the most volume, generating 16.92% of all inquiries, is Thursday. In comparison, Monday's are the slowest day with only 11.54% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Thursday: 16.9%
2 Wednesday: 16.1%
3 Sunday: 15.4%
4 Saturday: 15.4%
5 Tuesday: 12.3%
6 Friday: 12.3%
7 Monday: 11.5%
Busy Days Report for Langley Mortgages

Peak Hours for Applicants within Langley

Inquiries are received 24 hours a day via the Super Brokers web site. The graph shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Langley
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 3.1%
1AM 01:00 to 01:59: 3.1%
2AM 02:00 to 02:59: 1.5%
3AM 03:00 to 03:59: 0.8%
4AM 04:00 to 04:59: 0.8%
5AM 05:00 to 05:59: 1.5%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 0.8%
9AM 09:00 to 09:59: 0.8%
10AM 10:00 to 10:59: 5.4%
11AM 11:00 to 11:59: 6.9%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.2%
1PM 13:00 to 13:59: 7.7%
2PM 14:00 to 14:59: 4.6%
3PM 15:00 to 15:59: 5.4%
4PM 16:00 to 16:59: 4.6%
5PM 17:00 to 17:59: 8.5%
6PM 18:00 to 18:59: 4.6%
7PM 19:00 to 19:59: 10.0%
8PM 20:00 to 20:59: 4.6%
9PM 21:00 to 21:59: 6.2%
10PM 22:00 to 22:59: 7.7%
11PM 23:00 to 23:59: 2.3%

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 Langley Ranks in British Columbia for Mortgage Business

The following table lists how Langley 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
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%
16MAPLE RIDGE, BC 0.176%
17DELTA, BC 0.168%

Types of Mortgage Inquiries Received from Langley


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 23.8%
Refinance / Debt Consolidation: 18.5%
New Home Purchase: 14.6%
Mortgage Renewal: 13.1%
First-time Home Buyer: 11.5%
No Money Down Mortgage (discontinued): 6.2%
Other: 12.1%
 
Total Application Types Found: 13

Age Demographics for Langley Based Mortgages

Average age: 39
Oldest age: 74
Youngest age: 22


Incomes for Langley Based Mortgages

The information below represents the average income of people living in Langley who have applied for a mortgage loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Langley: $61,941.86
applicants within all of Canada: $60,852.54
Difference: $1,089.32
  
mortgage co-applicants in Langley: $39,945.48
co-applicants within all of Canada: $43,965.51
Difference: ($4,020.03)

Note: Commercial Mortgages were not included for this survey, only home loans were used.


Last mortgage report update for Langley: 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 Langley.

Mortgage Product Type Inquiries
Mortgage Pre-approval23.85%
Refinance/Consolidate Debt18.46%
New Purchase14.62%
Mortgage Renewal13.08%
First-time Home Buyer11.54%
No Money Down discontinued6.15%
Other12.32%
 
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