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Pitt Meadows Mortgage Information

Average Mortgage Loan in Pitt Meadows: $244,629

Peak Hours for Originated Mortgages within Pitt Meadows

In Pitt Meadows, mortgage applications are received 24 hours a day via the Super Brokers' web site. The information 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 Pitt Meadows
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 4.8%
4AM 04:00 to 04:59: 0%
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: 4.8%
11AM 11:00 to 11:59: 9.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.8%
1PM 13:00 to 13:59: 9.5%
2PM 14:00 to 14:59: 14.3%
3PM 15:00 to 15:59: 4.8%
4PM 16:00 to 16:59: 4.8%
5PM 17:00 to 17:59: 9.5%
6PM 18:00 to 18:59: 9.5%
7PM 19:00 to 19:59: 0%
8PM 20:00 to 20:59: 9.5%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 4.8%
11PM 23:00 to 23:59: 9.5%

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 Pitt Meadows Ranks in British Columbia for Mortgage Business

The following table lists how Pitt Meadows 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
55CRESTON, BC 0.038%
56GOLDEN, BC 0.038%
57ALDERGROVE, BC 0.036%
58FERNIE, BC 0.036%
59AGASSIZ, BC 0.036%
60PITT MEADOWS, BC 0.036%
61SMITHERS, BC 0.036%
62GIBSONS, BC 0.036%
63SALT SPRING ISLAND, BC 0.035%
64SUMMERLAND, BC 0.035%
65TUMBLER RIDGE, BC 0.035%

Types of Mortgage Inquiries Received from Pitt Meadows


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 19.0%
No Money Down Mortgage (discontinued): 14.3%
Pre-approval: 14.3%
First-time Home Buyer: 14.3%
Mortgage Renewal: 14.3%
New Home Purchase: 9.5%
Refinance / Debt Consolidation: 9.5%
Variable Rate: 4.8%
 
Total Application Types Found: 8

Age Demographics for Pitt Meadows Mortgage Applicants

Average age: 38
Oldest age: 67
Youngest age: 22


Incomes for Pitt Meadows Mortgage Applicants

The following figures show the average income of applicants living in Pitt Meadows who have applied for a home loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Pitt Meadows: $58,661.17
applicants within all of Canada: $60,852.54
Difference: ($2,191.38)
  
mortgage co-applicants in Pitt Meadows: $29,008.00
co-applicants within all of Canada: $43,965.51
Difference: ($14,957.51)

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


Last mortgage report update for Pitt Meadows: Friday, July 1, 2016
Mortgage Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Coquitlam.

Mortgage Product Type Inquiries
Mortgage Pre-approval25.40%
Mortgage Renewal15.87%
First-time Home Buyer13.49%
Refinance/Consolidate Debt13.49%
New Purchase12.70%
No Money Down discontinued11.90%
Other7.13%
 
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