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Salmon Arm Mortgage Information

Average Mortgage Loan in Salmon Arm: $205,918

Busy Days for Mortgage Applications within Salmon Arm

The bar graph below shows the busy days for mortgage applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Salmon Arm, the day with the most volume, having more than 25.53% of all applications, is Wednesday. In comparison, Saturday's are the slowest day with only 6.38% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 25.5%
2 Monday: 19.1%
3 Tuesday: 17.0%
4 Friday: 12.8%
5 Sunday: 10.6%
6 Thursday: 8.5%
7 Saturday: 6.4%
Busy Days Report for Salmon Arm Mortgages

Peak Hours for Based Mortgages within Salmon Arm

In Salmon Arm, applications are received 24 hours a day via our web site. The following indicates the peak hours in the day. The data is taken from all days of all years. Only 21.3% of all mortgages are received before noon, while 72.3% arrive in the afternoon.


Peak Hours Graph for Mortgages in Salmon Arm
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.1%
1AM 01:00 to 01:59: 2.1%
2AM 02:00 to 02:59: 2.1%
3AM 03:00 to 03:59: 2.1%
4AM 04:00 to 04:59: 2.1%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 2.1%
8AM 08:00 to 08:59: 2.1%
9AM 09:00 to 09:59: 2.1%
10AM 10:00 to 10:59: 6.4%
11AM 11:00 to 11:59: 4.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.4%
1PM 13:00 to 13:59: 4.3%
2PM 14:00 to 14:59: 4.3%
3PM 15:00 to 15:59: 2.1%
4PM 16:00 to 16:59: 10.6%
5PM 17:00 to 17:59: 6.4%
6PM 18:00 to 18:59: 8.5%
7PM 19:00 to 19:59: 6.4%
8PM 20:00 to 20:59: 0%
9PM 21:00 to 21:59: 4.3%
10PM 22:00 to 22:59: 10.6%
11PM 23:00 to 23:59: 8.5%

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 Salmon Arm Ranks in British Columbia for Mortgage Business

The following table lists how Salmon Arm 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
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%
31WESTBANK, BC 0.078%
32CRANBROOK, BC 0.076%

Types of Mortgage Inquiries Received from Salmon Arm


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 34.0%
First-time Home Buyer: 17.0%
Refinance / Debt Consolidation: 17.0%
No Money Down Mortgage (discontinued): 8.5%
Pre-approval: 6.4%
New Home Purchase: 6.4%
HELOC: 4.3%
Other: 6.3%
 
Total Application Types Found: 10

Age Demographics for Salmon Arm Based Mortgages

Average age: 38
Oldest age: 68
Youngest age: 19


Incomes for Salmon Arm Based Mortgages

The numbers below represent the average income of people living in Salmon Arm who have applied for a home loan using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Salmon Arm: $48,428.94
applicants within all of Canada: $60,852.54
Difference: ($12,423.61)
  
mortgage co-applicants in Salmon Arm: $27,481.20
co-applicants within all of Canada: $43,965.51
Difference: ($16,484.31)

Note: Commercial loans were not included for this survey, only residential mortgages from Salmon Arm, British Columbia were used.


Last mortgage report update for Salmon Arm: Friday, July 1, 2016
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