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BC Mortgage #X028169, FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
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Vancouver Mortgage Information

Average Mortgage Loan in Vancouver: $289,210

Busy Months for Online Applications within Vancouver

This bar graph shows the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Vancouver mostly occur during our second quarter (represented by the green bars) with 31.63% while our slowest is the fourth quarter (represented by the red bars) with 17.23%.

Busy Months Report for Vancouver Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 June: 11.7%
2 May: 10.6%
3 January: 10.2%
4 March: 9.8%
5 April: 9.3%
6 February: 9.3%
RankMonth Percentage of Applications
7 August: 8.0%
8 July: 7.0%
9 September: 6.8%
10 October: 6.4%
11 November: 5.5%
12 December: 5.3%

Busy Days for Mortgage Inquiries within Vancouver

The graph below plots the busy days for online inquiries that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Vancouver the busiest day of the week, with 16.48% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 11.74% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 16.5%
2 Monday: 16.1%
3 Wednesday: 16.1%
4 Thursday: 15.2%
5 Friday: 12.3%
6 Sunday: 12.1%
7 Saturday: 11.7%
Busy Days Report for Vancouver Mortgages

Peak Hours for Mortgage Applicants within Vancouver

Vancouver mortgage applications are received 24 hours a day from the Mortgage Super Brokers web site. The time periods below represents the peak hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Vancouver
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 4.0%
1AM 01:00 to 01:59: 2.5%
2AM 02:00 to 02:59: 1.9%
3AM 03:00 to 03:59: 0.6%
4AM 04:00 to 04:59: 1.1%
5AM 05:00 to 05:59: 0.4%
6AM 06:00 to 06:59: 0.2%
7AM 07:00 to 07:59: 0.8%
8AM 08:00 to 08:59: 2.8%
9AM 09:00 to 09:59: 2.5%
10AM 10:00 to 10:59: 4.0%
11AM 11:00 to 11:59: 6.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.6%
1PM 13:00 to 13:59: 7.6%
2PM 14:00 to 14:59: 8.1%
3PM 15:00 to 15:59: 7.0%
4PM 16:00 to 16:59: 6.8%
5PM 17:00 to 17:59: 4.5%
6PM 18:00 to 18:59: 5.7%
7PM 19:00 to 19:59: 4.7%
8PM 20:00 to 20:59: 5.3%
9PM 21:00 to 21:59: 4.4%
10PM 22:00 to 22:59: 5.1%
11PM 23:00 to 23:59: 7.0%

British Columbia Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.18%
British Columbia: 10.35%
Manitoba: 2.00%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.48%
Nunavut: 0.09%
Ontario: 47.21%
Prince Edward Island: 0.50%
Quebec: 3.93%
Saskatchewan: 5.06%
Yukon: 0.47%

How Vancouver Ranks in British Columbia for Mortgage Business

The following table lists how Vancouver 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
1VANCOUVER, BC 0.911%
2SURREY, BC 0.692%
3VICTORIA, BC 0.612%
4BURNABY, BC 0.331%
5KELOWNA, BC 0.319%
6PRINCE GEORGE, BC 0.290%

Types of Mortgage Inquiries Received from Vancouver


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 24.8%
First-time Home Buyer: 19.3%
New Home Purchase: 13.4%
No Money Down Mortgage (discontinued): 11.6%
Mortgage Renewal: 10.0%
Refinance / Debt Consolidation: 8.0%
Other: 13%
 
Total Application Types Found: 17

Age Demographics for Vancouver Mortgages

Average age: 39
Oldest age: 76
Youngest age: 21


Incomes for Vancouver Mortgages

The figures below represent the average income of Canadians living in Vancouver who have applied for a loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Vancouver: $69,232.16
applicants within all of Canada: $60,871.80
Difference: $8,360.36
  
mortgage co-applicants in Vancouver: $48,907.94
co-applicants within all of Canada: $44,075.54
Difference: $4,832.40

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


Last mortgage report update for Vancouver: Thursday, August 13, 2015
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