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Variable closed: 1.95% 1 year closed: 1.99% 3 year closed: 1.99% 5 year closed: 2.04% 10 year closed: 3.19% 
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Salt Spring Island Mortgage Information
Average Mortgage Loan in Salt Spring Island: $236,238Peak Hours for Mortgages within Salt Spring Island
Mortgage inquiries are received 24 hours a day on the Super Brokers' web site. The statistics shown below represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 25.0% of all mortgages are received during the morning, while 70.0% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 0% |
| 1AM | 01:00 to 01:59: | 5.0% |
| 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: | 0% |
| 6AM | 06:00 to 06:59: | 0% |
| 7AM | 07:00 to 07:59: | 0% |
| 8AM | 08:00 to 08:59: | 5.0% |
| 9AM | 09:00 to 09:59: | 15.0% |
| 10AM | 10:00 to 10:59: | 0% |
| 11AM | 11:00 to 11:59: | 5.0% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 0% |
| 1PM | 13:00 to 13:59: | 10.0% |
| 2PM | 14:00 to 14:59: | 25.0% |
| 3PM | 15:00 to 15:59: | 10.0% |
| 4PM | 16:00 to 16:59: | 0% |
| 5PM | 17:00 to 17:59: | 0% |
| 6PM | 18:00 to 18:59: | 10.0% |
| 7PM | 19:00 to 19:59: | 0% |
| 8PM | 20:00 to 20:59: | 5.0% |
| 9PM | 21:00 to 21:59: | 5.0% |
| 10PM | 22:00 to 22:59: | 0% |
| 11PM | 23:00 to 23:59: | 5.0% |
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 Salt Spring Island Ranks in British Columbia for Mortgage Business
The following table lists how Salt Spring Island 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 |
|---|---|---|
| 58 | FERNIE, BC | 0.036% |
| 59 | AGASSIZ, BC | 0.036% |
| 60 | PITT MEADOWS, BC | 0.036% |
| 61 | SMITHERS, BC | 0.036% |
| 62 | GIBSONS, BC | 0.036% |
| 63 | SALT SPRING ISLAND, BC | 0.035% |
| 64 | SUMMERLAND, BC | 0.035% |
| 65 | TUMBLER RIDGE, BC | 0.035% |
| 66 | HOPE, BC | 0.035% |
| 67 | ARMSTRONG, BC | 0.035% |
| 68 | QUALICUM BEACH, BC | 0.033% |
Types of Mortgage Inquiries Received from Salt Spring Island
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| Mortgage Pre-approval: | 15.0% | |
| First-time Home Buyer: | 15.0% | |
| Refinance / Debt Consolidation: | 15.0% | |
| No Money Down Mortgage (discontinued): | 10.0% | |
| Equity Mortgage: | 10.0% | |
| Fixed Rate: | 5.0% | |
| : | 5.0% | |
| Low Doc: | 5.0% | |
| Mortgage Renewal: | 5.0% | |
| New Home Purchase: | 5.0% | |
| HELOC: | 5.0% | |
| Variable Rate: | 5.0% | |
| Total Application Types Found: 12 | ||
Age Demographics for Salt Spring Island Originated Mortgages
Average age: 44
Oldest age: 72
Youngest age: 26
Incomes for Salt Spring Island Originated Mortgages
The following figures show the average income of people living in Salt Spring Island who have applied for a mortgage loan using Mortgage Super Brokers' pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Salt Spring Island: | $51,624.53 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | ($9,228.02) |
| mortgage co-applicants in Salt Spring Island: | $39,666.67 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | ($4,298.85) |
Note: Commercial loans were not included for this section, only residential loans amounts were used.
Nearest Settlements
Last mortgage report update for Salt Spring Island: Friday, July 1, 2016
- Cobble Hill
- Cowichan Bay
- Duncan
- Galiano
- Galiano Island
- North Saanich
- Pender Island
- Saanichton
- Shawnigan Lake
- Sidney
- Compare Interest Rates
- Salt Spring Island Broker Contact
Municipal mortgage stats:
Related mortgage information:
Brokers Compare Mortgage Rates
Think the mortgage rate that your bank offered you looks a little high? You're probably right. Unlike a with a mortgage broker, your bank won't shop around for the best rate on the market. Click or tap on the mortgage rate comparison link below and check out the difference for yourself.
Mortgage Calculator
Use our online mortgage calculator to find out exactly how many payments you will need to make to pay off your house. We will summarize all of the important details over the term and amortization of your mortgage. Also, try our qualification calculator to help you calculate how much you can afford.
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Tel: Fax: info@superbrokers.ca |