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ToolsRichmond Mortgage Information
Average Mortgage Loan in Richmond: $246,221Busy Months for Applications within Richmond
The following represents the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Richmond mostly occur during our first quarter (represented by the brown bars) with 27.92% while our slowest is the third quarter (represented by the blue bars) with 22.08%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | March: | 11.0% | |
| 2 | July: | 10.4% | |
| 3 | April: | 9.7% | |
| 4 | October: | 9.7% | |
| 5 | January: | 9.1% | |
| 6 | December: | 9.1% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | May: | 8.4% | |
| 8 | June: | 8.4% | |
| 9 | February: | 7.8% | |
| 10 | August: | 7.1% | |
| 11 | November: | 4.5% | |
| 12 | September: | 4.5% |
Busy Days for Mortgage Applications within Richmond
The graph listed below illustrates the busy days for online applications that were received by the Super Brokers web site. Each day is a representation of the combined 6-year total of all instances of that day. In Richmond, the day with the most volume, generating 27.27% of all applications, is Wednesday. In comparison, Saturday's are the slowest day with only 5.84% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Wednesday: | 27.3% |
| 2 | Friday: | 14.9% |
| 3 | Thursday: | 14.9% |
| 4 | Tuesday: | 13.6% |
| 5 | Monday: | 12.3% |
| 6 | Sunday: | 11.0% |
| 7 | Saturday: | 5.8% |
Peak Hours for Mortgage Applicants within Richmond
In Richmond, applications are received 24 hours a day via the Super Brokers web site. The following indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 20.8% of all mortgages are received during the morning, while 70.8% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 3.2% |
| 1AM | 01:00 to 01:59: | 2.6% |
| 2AM | 02:00 to 02:59: | 2.6% |
| 3AM | 03:00 to 03:59: | 0.6% |
| 4AM | 04:00 to 04:59: | 0% |
| 5AM | 05:00 to 05:59: | 0.6% |
| 6AM | 06:00 to 06:59: | 0.6% |
| 7AM | 07:00 to 07:59: | 0% |
| 8AM | 08:00 to 08:59: | 1.3% |
| 9AM | 09:00 to 09:59: | 1.9% |
| 10AM | 10:00 to 10:59: | 5.8% |
| 11AM | 11:00 to 11:59: | 9.7% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 7.1% |
| 1PM | 13:00 to 13:59: | 11.7% |
| 2PM | 14:00 to 14:59: | 5.2% |
| 3PM | 15:00 to 15:59: | 7.1% |
| 4PM | 16:00 to 16:59: | 6.5% |
| 5PM | 17:00 to 17:59: | 6.5% |
| 6PM | 18:00 to 18:59: | 5.2% |
| 7PM | 19:00 to 19:59: | 5.8% |
| 8PM | 20:00 to 20:59: | 1.9% |
| 9PM | 21:00 to 21:59: | 5.2% |
| 10PM | 22:00 to 22:59: | 5.2% |
| 11PM | 23:00 to 23:59: | 3.2% |
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 Richmond Ranks in British Columbia for Mortgage Business
The following table lists how Richmond 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.
| Rank | Location | Contribution |
|---|---|---|
| 3 | VICTORIA, BC | 0.617% |
| 4 | BURNABY, BC | 0.330% |
| 5 | KELOWNA, BC | 0.318% |
| 6 | PRINCE GEORGE, BC | 0.290% |
| 7 | ABBOTSFORD, BC | 0.284% |
| 8 | RICHMOND, BC | 0.266% |
| 9 | CHILLIWACK, BC | 0.265% |
| 10 | KAMLOOPS, BC | 0.261% |
| 11 | FORT ST JOHN, BC | 0.251% |
| 12 | LANGLEY, BC | 0.225% |
| 13 | NORTH VANCOUVER, BC | 0.220% |
Types of Mortgage Inquiries Received from Richmond
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| Mortgage Pre-approval: | 20.8% | |
| New Home Purchase: | 18.8% | |
| First-time Home Buyer: | 14.9% | |
| Refinance / Debt Consolidation: | 12.3% | |
| No Money Down Mortgage (discontinued): | 11.7% | |
| Mortgage Renewal: | 9.1% | |
| Other: | 12.2% | |
| Total Application Types Found: 13 | ||
Age Demographics for Richmond Based Mortgages
Average age: 40
Oldest age: 78
Youngest age: 19
Incomes for Richmond Based Mortgages
The amounts shown below represent the average income of Canadians living in Richmond who have applied for a home loan using the pre-approval application on the Mortgage Super Brokers' web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Richmond: | $65,978.33 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | $5,125.79 |
| mortgage co-applicants in Richmond: | $37,929.35 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | ($6,036.16) |
Nearest Settlements
- Burnaby
- Coquitlam
- Delta
- Ladner
- New Westminster
- North Delta
- Port Moody
- Surrey
- Vancouver
- White Rock
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Tel: Fax: info@superbrokers.ca |