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Nelson Mortgage Information

Average Mortgage Loan in Nelson: $216,929

Busy Months for Mortgages within Nelson

The following bar graph illustrates the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Nelson happen to occur during our second quarter (represented by the green bars) with 35.29% while our slowest is the fourth quarter (represented by the red bars) with 9.80%.

Busy Months Report for Nelson Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 15.7%
2 June: 15.7%
3 January: 9.8%
4 February: 9.8%
5 August: 9.8%
6 September: 9.8%
RankMonth Percentage of Applications
7 July: 7.8%
8 March: 7.8%
9 November: 3.9%
10 May: 3.9%
11 October: 3.9%
12 December: 2.0%

Busy Days for Mortgages Received within Nelson

The data below illustrates the busy days for mortgage applications that were received by the Super Brokers web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Nelson the busiest day, with 25.49% of all applications, is Monday. In comparison, Thursday's are the slowest day with only 7.84% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 25.5%
2 Wednesday: 19.6%
3 Tuesday: 15.7%
4 Sunday: 11.8%
5 Friday: 9.8%
6 Saturday: 9.8%
7 Thursday: 7.8%
Busy Days Report for Nelson Mortgages

Peak Hours for Mortgage Applicants within Nelson

Applications are received 24 hours a day via the Super Brokers web site. The graph shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years. Only 23.5% of all mortgages are received during the morning, while 74.5% arrive in the afternoon.


Peak Hours Graph for Mortgages in Nelson
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 2.0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 2.0%
8AM 08:00 to 08:59: 2.0%
9AM 09:00 to 09:59: 3.9%
10AM 10:00 to 10:59: 13.7%
11AM 11:00 to 11:59: 0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 3.9%
1PM 13:00 to 13:59: 5.9%
2PM 14:00 to 14:59: 9.8%
3PM 15:00 to 15:59: 2.0%
4PM 16:00 to 16:59: 5.9%
5PM 17:00 to 17:59: 5.9%
6PM 18:00 to 18:59: 3.9%
7PM 19:00 to 19:59: 7.8%
8PM 20:00 to 20:59: 3.9%
9PM 21:00 to 21:59: 7.8%
10PM 22:00 to 22:59: 7.8%
11PM 23:00 to 23:59: 9.8%

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 Nelson Ranks in British Columbia for Mortgage Business

The following table lists how Nelson 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
21CAMPBELL RIVER, BC 0.111%
22PORT ALBERNI, BC 0.099%
23QUESNEL, BC 0.097%
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%

Types of Mortgage Inquiries Received from Nelson


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 27.5%
Mortgage Pre-approval: 19.6%
First-time Home Buyer: 17.6%
Refinance / Debt Consolidation: 9.8%
Commercial: 7.8%
Mortgage Renewal: 7.8%
No Money Down Mortgage (discontinued): 5.9%
Other: 4%
 
Total Application Types Found: 9

Age Demographics for Nelson Mortgage Applicants

Average age: 40
Oldest age: 65
Youngest age: 24


Incomes for Nelson Mortgage Applicants

The amounts shown below represent the average income of Canadians living in Nelson who have submitted an inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Nelson: $50,857.26
applicants within all of Canada: $60,852.54
Difference: ($9,995.28)
  
mortgage co-applicants in Nelson: $35,295.06
co-applicants within all of Canada: $43,965.51
Difference: ($8,670.45)

Note: Commercial Mortgages were not included for this survey, only residential mortgage loan amounts from Nelson, British Columbia were used.


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