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Merritt Mortgage Information

Average Mortgage Loan in Merritt: $207,229

Busy Days for Applications within Merritt

The data below displays the busy days for online mortgage applications that were received by Super Brokers' web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Merritt the most busy day of the week, with 24.14% of all applications, is Wednesday. In comparison, Sunday's are the slowest day with only 10.34% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 24.1%
2 Monday: 17.2%
3 Saturday: 13.8%
4 Thursday: 13.8%
5 Tuesday: 10.3%
6 Friday: 10.3%
7 Sunday: 10.3%
Busy Days Report for Merritt Mortgages

Peak Hours for Mortgages within Merritt

In Merritt, inquiries are received 24 hours a day via the Super Brokers web site. The statistics shown below represents the peak hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Merritt
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 3.4%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 3.4%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 6.9%
9AM 09:00 to 09:59: 0%
10AM 10:00 to 10:59: 10.3%
11AM 11:00 to 11:59: 3.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 20.7%
1PM 13:00 to 13:59: 6.9%
2PM 14:00 to 14:59: 0%
3PM 15:00 to 15:59: 6.9%
4PM 16:00 to 16:59: 6.9%
5PM 17:00 to 17:59: 6.9%
6PM 18:00 to 18:59: 6.9%
7PM 19:00 to 19:59: 0%
8PM 20:00 to 20:59: 3.4%
9PM 21:00 to 21:59: 10.3%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 3.4%

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 Merritt Ranks in British Columbia for Mortgage Business

The following table lists how Merritt 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
38PORT MOODY, BC 0.054%
39PRINCE RUPERT, BC 0.052%
40KIMBERLEY, BC 0.052%
41TRAIL, BC 0.052%
42SECHELT, BC 0.050%
43MERRITT, BC 0.050%
44GRAND FORKS, BC 0.050%
45SOOKE, BC 0.050%
46LADYSMITH, BC 0.048%
47COMOX, BC 0.045%
48WHITE ROCK, BC 0.043%

Types of Mortgage Inquiries Received from Merritt


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 41.4%
New Home Purchase: 17.2%
First-time Home Buyer: 13.8%
Mortgage Renewal: 10.3%
No Money Down Mortgage (discontinued): 6.9%
Pre-approval: 6.9%
Other: 3.4%
 
Total Application Types Found: 7

Age Demographics for Merritt Applicants

Average age: 45
Oldest age: 71
Youngest age: 21


Incomes for Merritt Applicants

The amounts below are the average income of people living in Merritt who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Merritt: $57,534.14
applicants within all of Canada: $60,852.54
Difference: ($3,318.40)
  
mortgage co-applicants in Merritt: $56,125.00
co-applicants within all of Canada: $43,965.51
Difference: $12,159.49

Note: Commercial loan amounts were not included for this section, only residential loans from Merritt, British Columbia were used.


Last mortgage report update for Merritt: Friday, July 1, 2016
Mortgage Quote
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Port Alberni.

Mortgage Product Type Inquiries
Mortgage Pre-approval26.32%
Refinance/Consolidate Debt19.30%
No Money Down discontinued19.30%
First-time Home Buyer15.79%
New Purchase10.53%
Mortgage Renewal5.26%
Other3.5%
 
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British Columbia