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

Terrace Mortgage Information

Average Mortgage Loan in Terrace: $157,084

Busy Months for Mortgages Originating within Terrace

The bar graph below represents the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Terrace usually occur during our second quarter (represented by the green bars) with 37.50% while our slowest is the first quarter (represented by the brown bars) with 12.50%.

Busy Months Report for Terrace Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 June: 17.9%
2 July: 12.5%
3 September: 12.5%
4 May: 10.7%
5 April: 8.9%
6 August: 8.9%
RankMonth Percentage of Applications
7 December: 7.1%
8 March: 7.1%
9 November: 5.4%
10 January: 5.4%
11 October: 3.6%
12 February: 0.9%

Busy Days for Applications within Terrace

The bar graph below compares the busy days for online inquiries that were received by Super Brokers' web site. A combined total of all occurrences of each day are represented for the past 5 years. In Terrace the busiest day, with 23.21% of all submissions, is Thursday. In comparison, Saturday's are the slowest day with only 5.36% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Thursday: 23.2%
2 Tuesday: 19.6%
3 Wednesday: 16.1%
4 Monday: 14.3%
5 Friday: 14.3%
6 Sunday: 7.1%
7 Saturday: 5.4%
Busy Days Report for Terrace Mortgages

Peak Hours for Based Mortgages within Terrace

In Terrace, applications are received 24 hours a day via the Super Brokers' web site. The following represents the rush hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Terrace
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 1.8%
2AM 02:00 to 02:59: 3.6%
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: 1.8%
8AM 08:00 to 08:59: 3.6%
9AM 09:00 to 09:59: 5.4%
10AM 10:00 to 10:59: 8.9%
11AM 11:00 to 11:59: 1.8%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.4%
1PM 13:00 to 13:59: 17.9%
2PM 14:00 to 14:59: 12.5%
3PM 15:00 to 15:59: 3.6%
4PM 16:00 to 16:59: 8.9%
5PM 17:00 to 17:59: 7.1%
6PM 18:00 to 18:59: 3.6%
7PM 19:00 to 19:59: 3.6%
8PM 20:00 to 20:59: 1.8%
9PM 21:00 to 21:59: 5.4%
10PM 22:00 to 22:59: 1.8%
11PM 23:00 to 23:59: 1.8%

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 Terrace Ranks in British Columbia for Mortgage Business

The following table lists how Terrace 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
19VERNON, BC 0.156%
20DAWSON CREEK, BC 0.112%
21CAMPBELL RIVER, BC 0.111%
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%

Types of Mortgage Inquiries Received from Terrace


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 25.0%
Refinance / Debt Consolidation: 16.1%
No Money Down Mortgage (discontinued): 14.3%
New Home Purchase: 14.3%
Commercial: 7.1%
Mortgage Renewal: 7.1%
First-time Home Buyer: 5.4%
Other: 10.8%
 
Total Application Types Found: 11

Age Demographics for Terrace Applicants

Average age: 40
Oldest age: 63
Youngest age: 22


Incomes for Terrace Applicants

The following depicts the average income of people living in Terrace who have submitted an inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Terrace: $58,159.62
applicants within all of Canada: $60,852.54
Difference: ($2,692.92)
  
mortgage co-applicants in Terrace: $58,250.00
co-applicants within all of Canada: $43,965.51
Difference: $14,284.49

Note: Commercial Mortgage loans were not included for this report, only residential mortgages from Terrace, British Columbia were used.


Last mortgage report update for Terrace: Friday, July 1, 2016
Mortgage Calculator
 
Did you know? The average home loan in Merritt is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
British Columbia
 
Brand New Mortgage Calculator
Ultra? Super? Fantastic? All three are good words to describe our brand new mortgage calculator. We've added tons and tons of new features-- far too many to list. Try it and see for yourself.
Ultra Super Fantastic Mortgage Calculator