Mortgage Stats and Info for Richmond, BC
Busy Months
The following bar graph shows the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest month for mortgages from Richmond, BC usually occurs in March with 13.1% of applications, while our slowest is September with 4.2%.
| March | 13.1% |
| April | 11.3% |
| July | 11.3% |
| June | 8.3% |
| October | 8.3% |
| December | 8.3% |
| January | 7.7% |
| May | 7.7% |
| February | 7.1% |
| August | 7.1% |
| November | 5.4% |
| September | 4.2% |
Busy Days
The bar graph below shows the busy days for Internet 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 Richmond, BC the most busy day of the week, with 25.6% of all applications, is Wednesday. In comparison, Saturday is the slowest day with only 6.0% of all inquiries.
| Wednesday | 25.6% |
| Thursday | 15.5% |
| Tuesday | 14.9% |
| Friday | 14.9% |
| Monday | 13.1% |
| Sunday | 10.1% |
| Saturday | 6.0% |
Peak Hours
Inquiries are received 24 hours a day on the Super Brokers' web site. The time periods below indicates the rush hours for mortgage inquiries over a 24-hour period. 28.0% of all mortgages are received in the morning, while 72.0% arrive in the afternoon.
| Midnight - 1 AM | 2.4% |
| 1 AM - 2 AM | 3.0% |
| 2 AM - 3 AM | 0.6% |
| 3 AM - 4 AM | 0.0% |
| 4 AM - 5 AM | 1.2% |
| 5 AM - 6 AM | 0.6% |
| 6 AM - 7 AM | 0.0% |
| 7 AM - 8 AM | 1.2% |
| 8 AM - 9 AM | 3.0% |
| 9 AM - 10 AM | 6.0% |
| 10 AM - 11 AM | 7.7% |
| 11 AM - Noon | 6.5% |
| Noon - 1 PM | 10.7% |
| 1 PM - 2 PM | 6.0% |
| 2 PM - 3 PM | 7.7% |
| 3 PM - 4 PM | 7.7% |
| 4 PM - 5 PM | 5.4% |
| 5 PM - 6 PM | 5.4% |
| 6 PM - 7 PM | 5.4% |
| 7 PM - 8 PM | 2.4% |
| 8 PM - 9 PM | 4.8% |
| 9 PM - 10 PM | 6.0% |
| 10 PM - 11 PM | 4.2% |
| 11 PM - Midnight | 2.4% |
Busy Seasons
The chart illustrated below depicts the peak seasons for Internet mortgage applications received by Super Brokers. The busiest season for mortgages on properties within Richmond, BC occurs in Spring with 32.1% of total applications, while our slow season is Autumn with 17.9%.
- Winter
- Spring
- Summer
- Autumn
| Winter | 23.2% |
| Spring | 32.1% |
| Summer | 26.8% |
| Autumn | 17.9% |
Age Ranges for Mortgage Applicants
In Richmond, BC, the median age for when people inquire about a mortgage is 39. The youngest person to apply for a mortgage online in Richmond, BC was 19 years of age and the most aged was 78 years old.
Marital Status for Mortgage Applicants
When people in Richmond, BC fill out a online mortgage application, they enter a marital status, and the most frequent status' they report are Married with 61.9%, Single with 19.6%, Divorced with 7.7%, Separated with 5.4%, Common Law with 4.8%, and Widowed with 0.6%.
Mortgage Types
Of all the mortgage applications in Richmond, BC, the 3 most prominent application types are Qualification with 19.0%, Purchase with 17.9%, and First-time Buyer with 14.9%.
- Qualification
- Purchase
- First-time Buyer
- Refinance
- No Money Down
- Renewal
- Other
| Qualification | 19.0% |
| Purchase | 17.9% |
| First-time Buyer | 14.9% |
| Refinance | 14.9% |
| No Money Down | 12.5% |
| Renewal | 10.7% |
| Other | 10.1% |
Current Living Arrangement
When asked on a mortgage application if they rent or own and where they reside, the people of Richmond, BC most frequently answer: Own with 46.4%, Rent with 38.7%, and Live with parents with 8.3%.
