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Nanaimo Mortgage Information

Average Mortgage Loan in Nanaimo: $190,063

Busy Months for Online Mortgages within Nanaimo

The following illustrates the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Nanaimo occur during our second quarter (represented by the green bars) with 32.54% while our slowest is the fourth quarter (represented by the red bars) with 11.90%.

Busy Months Report for Nanaimo Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 14.3%
2 September: 11.9%
3 January: 10.3%
4 May: 10.3%
5 February: 10.3%
6 March: 8.7%
RankMonth Percentage of Applications
7 August: 7.9%
8 June: 7.9%
9 July: 6.3%
10 November: 4.8%
11 December: 4.0%
12 October: 3.2%

Busy Days for Mortgage Applications within Nanaimo

The information listed below plots the busy days for online inquiries that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Nanaimo, the day with the most volume, having more than 19.84% of all submissions, is Monday. In comparison, Sunday's are the slowest day with only 8.73% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 19.8%
2 Wednesday: 15.9%
3 Tuesday: 15.1%
4 Friday: 15.1%
5 Thursday: 14.3%
6 Saturday: 11.1%
7 Sunday: 8.7%
Busy Days Report for Nanaimo Mortgages

Peak Hours for Mortgage Applicants within Nanaimo

In Nanaimo, applications are received 24 hours a day from the Super Brokers' web site. The report shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Nanaimo
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 4.0%
1AM 01:00 to 01:59: 0.8%
2AM 02:00 to 02:59: 0.8%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0.8%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 1.6%
9AM 09:00 to 09:59: 6.3%
10AM 10:00 to 10:59: 5.6%
11AM 11:00 to 11:59: 7.9%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.5%
1PM 13:00 to 13:59: 4.0%
2PM 14:00 to 14:59: 4.0%
3PM 15:00 to 15:59: 7.1%
4PM 16:00 to 16:59: 6.3%
5PM 17:00 to 17:59: 9.5%
6PM 18:00 to 18:59: 5.6%
7PM 19:00 to 19:59: 4.8%
8PM 20:00 to 20:59: 4.8%
9PM 21:00 to 21:59: 5.6%
10PM 22:00 to 22:59: 4.8%
11PM 23:00 to 23:59: 6.3%

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 Nanaimo Ranks in British Columbia for Mortgage Business

The following table lists how Nanaimo 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
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%
18NEW WESTMINSTER, BC 0.159%
19VERNON, BC 0.156%
20DAWSON CREEK, BC 0.112%

Types of Mortgage Inquiries Received from Nanaimo


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 26.2%
Mortgage Pre-approval: 21.4%
No Money Down Mortgage (discontinued): 13.5%
Mortgage Renewal: 13.5%
New Home Purchase: 13.5%
First-time Home Buyer: 7.9%
Other: 4%
 
Total Application Types Found: 9

Age Demographics for Nanaimo Mortgages

Average age: 41
Oldest age: 72
Youngest age: 19


Incomes for Nanaimo Mortgages

The amounts below are the average income of applicants living in Nanaimo 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 Nanaimo: $51,940.79
applicants within all of Canada: $60,852.54
Difference: ($8,911.75)
  
mortgage co-applicants in Nanaimo: $32,356.62
co-applicants within all of Canada: $43,965.51
Difference: ($11,608.89)

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


Last mortgage report update for Nanaimo: Friday, July 1, 2016
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