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Penticton Mortgage Information

Average Mortgage Loan in Penticton: $187,430

Busy Months for Mortgages within Penticton

The following bar graph depicts the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Penticton happen to occur during our first quarter (represented by the brown bars) with 35.85% while our slowest is the fourth quarter (represented by the red bars) with 16.98%.

Busy Months Report for Penticton Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 February: 17.0%
2 January: 15.1%
3 June: 11.3%
4 May: 7.5%
5 April: 7.5%
6 July: 7.5%
RankMonth Percentage of Applications
7 August: 7.5%
8 November: 5.7%
9 December: 5.7%
10 October: 5.7%
11 September: 5.7%
12 March: 3.8%

Busy Days for Online Applications within Penticton

The bar graph below illustrates the busy days for online inquiries that were received by Super Brokers. Each day represents a combined total of all occurrences of that day in the past 5 years. In Penticton the busiest day, with 18.87% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 5.66% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 18.9%
2 Sunday: 18.9%
3 Thursday: 17.0%
4 Wednesday: 15.1%
5 Tuesday: 13.2%
6 Friday: 11.3%
7 Saturday: 5.7%
Busy Days Report for Penticton Mortgages

Peak Hours for Based Mortgages within Penticton

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


Peak Hours Graph for Mortgages in Penticton
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.9%
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: 1.9%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 1.9%
9AM 09:00 to 09:59: 5.7%
10AM 10:00 to 10:59: 5.7%
11AM 11:00 to 11:59: 9.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 15.1%
1PM 13:00 to 13:59: 3.8%
2PM 14:00 to 14:59: 5.7%
3PM 15:00 to 15:59: 1.9%
4PM 16:00 to 16:59: 7.5%
5PM 17:00 to 17:59: 9.4%
6PM 18:00 to 18:59: 5.7%
7PM 19:00 to 19:59: 5.7%
8PM 20:00 to 20:59: 3.8%
9PM 21:00 to 21:59: 7.5%
10PM 22:00 to 22:59: 5.7%
11PM 23:00 to 23:59: 1.9%

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 Penticton Ranks in British Columbia for Mortgage Business

The following table lists how Penticton 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
20DAWSON CREEK, BC 0.112%
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%

Types of Mortgage Inquiries Received from Penticton


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 30.2%
Refinance / Debt Consolidation: 18.9%
No Money Down Mortgage (discontinued): 15.1%
Mortgage Renewal: 11.3%
New Home Purchase: 9.4%
First-time Home Buyer: 7.5%
Other: 7.6%
 
Total Application Types Found: 10

Age Demographics for Penticton Mortgage Applicants

Average age: 44
Oldest age: 76
Youngest age: 26


Incomes for Penticton Mortgage Applicants

The following figures show the average income of applicants living in Penticton who have submitted a mortgage inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Penticton: $51,813.92
applicants within all of Canada: $60,852.54
Difference: ($9,038.62)
  
mortgage co-applicants in Penticton: $34,929.41
co-applicants within all of Canada: $43,965.51
Difference: ($9,036.10)

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


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