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North Vancouver Mortgage Information

Average Mortgage Loan in North Vancouver: $310,420

Busy Months for Mortgages Received within North Vancouver

This graph illustrates the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from North Vancouver seem to occur during our second quarter (represented by the green bars) with 32.28% while our slowest is the fourth quarter (represented by the red bars) with 13.39%.

Busy Months Report for North Vancouver Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 14.2%
2 April: 12.6%
3 June: 12.6%
4 February: 8.7%
5 September: 8.7%
6 July: 7.9%
RankMonth Percentage of Applications
7 August: 7.9%
8 May: 7.1%
9 March: 7.1%
10 December: 4.7%
11 October: 4.7%
12 November: 3.9%

Busy Days for Mortgage Inquiries within North Vancouver

The bar graph below displays the busy days for Internet mortgage applications 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 North Vancouver, the day with the most volume, generating 18.11% of all applications, is Thursday. In comparison, Saturday's are the slowest day with only 9.45% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Thursday: 18.1%
2 Tuesday: 17.3%
3 Wednesday: 16.5%
4 Friday: 15.0%
5 Monday: 13.4%
6 Sunday: 10.2%
7 Saturday: 9.4%
Busy Days Report for North Vancouver Mortgages

Peak Hours for Applicants within North Vancouver

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


Peak Hours Graph for Mortgages in North Vancouver
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 3.1%
1AM 01:00 to 01:59: 1.6%
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: 1.6%
8AM 08:00 to 08:59: 1.6%
9AM 09:00 to 09:59: 3.9%
10AM 10:00 to 10:59: 0.8%
11AM 11:00 to 11:59: 6.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 10.2%
1PM 13:00 to 13:59: 6.3%
2PM 14:00 to 14:59: 8.7%
3PM 15:00 to 15:59: 6.3%
4PM 16:00 to 16:59: 7.9%
5PM 17:00 to 17:59: 8.7%
6PM 18:00 to 18:59: 2.4%
7PM 19:00 to 19:59: 8.7%
8PM 20:00 to 20:59: 7.9%
9PM 21:00 to 21:59: 4.7%
10PM 22:00 to 22:59: 5.5%
11PM 23:00 to 23:59: 2.4%

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 North Vancouver Ranks in British Columbia for Mortgage Business

The following table lists how North Vancouver 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
8RICHMOND, BC 0.266%
9CHILLIWACK, BC 0.265%
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%

Types of Mortgage Inquiries Received from North Vancouver


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.0%
Mortgage Renewal: 15.7%
New Home Purchase: 15.0%
First-time Home Buyer: 14.2%
No Money Down Mortgage (discontinued): 13.4%
Refinance / Debt Consolidation: 8.7%
Other: 11.1%
 
Total Application Types Found: 13

Age Demographics for North Vancouver Mortgages

Average age: 40
Oldest age: 64
Youngest age: 21


Incomes for North Vancouver Mortgages

The following figures show the average income of Canadians living in North Vancouver who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in North Vancouver: $75,317.43
applicants within all of Canada: $60,852.54
Difference: $14,464.89
  
mortgage co-applicants in North Vancouver: $60,134.11
co-applicants within all of Canada: $43,965.51
Difference: $16,168.60

Note: Commercial Mortgages were not included for this survey, only residential loans from North Vancouver, British Columbia were used.


Last mortgage report update for North Vancouver: Friday, July 1, 2016
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