Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Sparwood Mortgage Information

Average Mortgage Loan in Sparwood: $175,685

Busy Days for Mortgage Applications within Sparwood

The graph below illustrates the busy days for online inquiries that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Sparwood the most busy day of the week, with 25.00% of all submissions, is Sunday. In comparison, Saturday's are the slowest day with only 6.25% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Sunday: 25.0%
2 Monday: 21.9%
3 Wednesday: 18.8%
4 Thursday: 12.5%
5 Tuesday: 9.4%
6 Friday: 6.3%
7 Saturday: 6.3%
Busy Days Report for Sparwood Mortgages

Peak Hours for Applicants within Sparwood

In Sparwood, mortgages are received 24 hours a day on our web site. The report shown below represents the rush hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Sparwood
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 6.3%
1AM 01:00 to 01:59: 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: 3.1%
8AM 08:00 to 08:59: 0%
9AM 09:00 to 09:59: 3.1%
10AM 10:00 to 10:59: 9.4%
11AM 11:00 to 11:59: 0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.4%
1PM 13:00 to 13:59: 9.4%
2PM 14:00 to 14:59: 6.3%
3PM 15:00 to 15:59: 0%
4PM 16:00 to 16:59: 0%
5PM 17:00 to 17:59: 9.4%
6PM 18:00 to 18:59: 0%
7PM 19:00 to 19:59: 18.8%
8PM 20:00 to 20:59: 3.1%
9PM 21:00 to 21:59: 6.3%
10PM 22:00 to 22:59: 6.3%
11PM 23:00 to 23:59: 9.4%

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 Sparwood Ranks in British Columbia for Mortgage Business

The following table lists how Sparwood 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
32CRANBROOK, BC 0.076%
33VANDERHOOF, BC 0.067%
34WILLIAMS LAKE, BC 0.066%
35DUNCAN, BC 0.066%
36REVELSTOKE, BC 0.057%
37SPARWOOD, BC 0.055%
38PORT MOODY, BC 0.054%
39PRINCE RUPERT, BC 0.052%
40KIMBERLEY, BC 0.052%
41TRAIL, BC 0.052%
42SECHELT, BC 0.050%

Types of Mortgage Inquiries Received from Sparwood


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 34.4%
New Home Purchase: 18.8%
No Money Down Mortgage (discontinued): 18.8%
Refinance / Debt Consolidation: 9.4%
First-time Home Buyer: 9.4%
Second Mortgage: 6.3%
Other: 3.1%
 
Total Application Types Found: 7

Age Demographics for Sparwood Mortgage Applicants

Average age: 37
Oldest age: 57
Youngest age: 22


Incomes for Sparwood Mortgage Applicants

The amounts shown below represent the average income of Canadians living in Sparwood who have submitted an inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Sparwood: $65,527.59
applicants within all of Canada: $60,852.54
Difference: $4,675.04
  
mortgage co-applicants in Sparwood: $29,842.86
co-applicants within all of Canada: $43,965.51
Difference: ($14,122.65)

Note: Commercial loan amounts were not included for this survey, only home loans were used.


Last mortgage report update for Sparwood: Friday, July 1, 2016
Mortgage Calculator
 
Mortgage Rates
Wait! Before you apply for a mortgage through your bank, make sure you aren't leaving money on the table. Compare the best mortgage rates in Canada right now. It'll only take a minute, but you'll be surprised just how much you can save!
Mortgage Rates
 
Compare Today's Best Rates
We have nothing to hide and that's why we post all of Canada's current mortgage rates for you to compare. We strive to maintain our spot at the top of that list each and every day with the best mortgage rate available.
Compare Rates