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Mission Mortgage Information

Average Mortgage Loan in Mission: $185,644

Busy Days for Mortgages Received within Mission

The bar graph listed below illustrates the busy days for mortgage inquiries that were received by the Super Brokers web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Mission, the day with the most volume, generating 23.91% of all applications, is Friday. In comparison, Monday's are the slowest day with only 4.35% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Friday: 23.9%
2 Thursday: 21.7%
3 Wednesday: 15.2%
4 Saturday: 15.2%
5 Tuesday: 10.9%
6 Sunday: 8.7%
7 Monday: 4.3%
Busy Days Report for Mission Mortgages

Peak Hours for Mortgage Applicants within Mission

In Mission, mortgage applications are received 24 hours a day via the Mortgage Super Brokers web site. The statistics shown below indicates the busy hours in the day. The data is taken from all days of all years. Only 17.4% of all mortgages are received before noon, while 76.1% arrive in the afternoon.


Peak Hours Graph for Mortgages in Mission
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 4.3%
1AM 01:00 to 01:59: 2.2%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 4.3%
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: 0%
9AM 09:00 to 09:59: 0%
10AM 10:00 to 10:59: 0%
11AM 11:00 to 11:59: 13.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 10.9%
1PM 13:00 to 13:59: 19.6%
2PM 14:00 to 14:59: 6.5%
3PM 15:00 to 15:59: 0%
4PM 16:00 to 16:59: 2.2%
5PM 17:00 to 17:59: 4.3%
6PM 18:00 to 18:59: 4.3%
7PM 19:00 to 19:59: 2.2%
8PM 20:00 to 20:59: 2.2%
9PM 21:00 to 21:59: 8.7%
10PM 22:00 to 22:59: 6.5%
11PM 23:00 to 23:59: 8.7%

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 Mission Ranks in British Columbia for Mortgage Business

The following table lists how Mission 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
24TERRACE, BC 0.097%
25PENTICTON, BC 0.092%
26NELSON, BC 0.088%
27SALMON ARM, BC 0.081%
28PORT COQUITLAM, BC 0.081%
29MISSION, BC 0.080%
30COURTENAY, BC 0.078%
31WESTBANK, BC 0.078%
32CRANBROOK, BC 0.076%
33VANDERHOOF, BC 0.067%
34WILLIAMS LAKE, BC 0.066%

Types of Mortgage Inquiries Received from Mission


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 28.3%
Mortgage Pre-approval: 26.1%
New Home Purchase: 15.2%
No Money Down Mortgage (discontinued): 10.9%
Mortgage Renewal: 10.9%
HELOC: 4.3%
Other: 4.4%
 
Total Application Types Found: 8

Age Demographics for Mission Originated Mortgages

Average age: 39
Oldest age: 62
Youngest age: 23


Incomes for Mission Originated Mortgages

The following depicts the average income of Canadians living in Mission 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 Mission: $61,357.24
applicants within all of Canada: $60,852.54
Difference: $504.70
  
mortgage co-applicants in Mission: $53,495.43
co-applicants within all of Canada: $43,965.51
Difference: $9,529.92

Note: Commercial loan amounts were not included for this survey, only residential mortgages were used.


Last mortgage report update for Mission: Friday, July 1, 2016
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British Columbia
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Vancouver.

Mortgage Product Type Inquiries
Mortgage Pre-approval25.19%
First-time Home Buyer19.13%
New Purchase13.26%
No Money Down discontinued11.55%
Mortgage Renewal10.04%
Refinance/Consolidate Debt7.77%
Other13.07%