Variable closed:	1.95%
1 year closed:	1.99%
3 year closed:	1.99%
5 year closed:	2.04%
10 year closed:	3.19%

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Mill Bay Mortgage Information

Average Mortgage Loan in Mill Bay: $253,690

How Mill Bay Ranks in British Columbia for Mortgage Business

The following table lists how Mill Bay 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
78	HOUSTON, BC	0.022%
79	PEACHLAND, BC	0.022%
80	PORT MCNEILL, BC	0.022%
81	PORT HARDY, BC	0.022%
82	NORTH SAANICH, BC	0.022%
83	MILL BAY, BC	0.021%
84	LUMBY, BC	0.021%
85	LAKE COWICHAN, BC	0.021%
86	COLDSTREAM, BC	0.019%
87	GABRIOLA, BC	0.019%
88	OLIVER, BC	0.019%

Types of Mortgage Inquiries Received from Mill Bay

Type of Mortgage Application Form Selected		Percentage of Inquiries
Mortgage Renewal:		25.0%
Mortgage Pre-approval:		25.0%
Refinance / Debt Consolidation:		16.7%
New Home Purchase:		8.3%
Consolidate Mortgages:		8.3%
First-time Home Buyer:		8.3%
Second Mortgage:		8.3%

Total Application Types Found: 7

Age Demographics for Mill Bay Mortgages

Average age: 46
Oldest age: 73
Youngest age: 34

Incomes for Mill Bay Mortgages

The following figures show the average income of Canadians living in Mill Bay who have submitted a mortgage inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Mill Bay:	$71,722.22
applicants within all of Canada:	$60,852.54
Difference:	$10,869.68

mortgage co-applicants in Mill Bay:	$49,333.33
co-applicants within all of Canada:	$43,965.51
Difference:	$5,367.82

Note: Commercial loan amounts were not included for this report, only home loans from Mill Bay, British Columbia were used.

Nearest Settlements

1	Shawnigan Lake, British Columbia
2	Brentwood Bay, British Columbia
3	Sidney, British Columbia
4	Cowichan Bay, British Columbia
5	Saanichton, British Columbia
6	Duncan, British Columbia
7	Pender Island, British Columbia
8	Galiano Island, British Columbia
9	Cobble Hill, British Columbia

10	Lake Cowichan, British Columbia
11	Sooke, British Columbia
12	North Saanich, British Columbia
13	Victoria, British Columbia
14	Galiano, British Columbia
15	Salt Spring Island, British Columbia
16	Chemainus, British Columbia
17	Ladysmith, British Columbia

Mortgage Product Type		Inquiries
Refinance/Consolidate Debt		21.57%
Mortgage Pre-approval		20.92%
New Purchase		16.34%
No Money Down discontinued		12.42%
Mortgage Renewal		8.50%
First-time Home Buyer		7.84%
Other		12.4%

Mortgage Product Type

Inquiries

Refinance/Consolidate Debt

21.57%

Mortgage Pre-approval

20.92%

New Purchase

16.34%

No Money Down discontinued

12.42%

Mortgage Renewal

8.50%

First-time Home Buyer

7.84%

Other

12.4%