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Vernon Mortgage Information

Average Mortgage Loan in Vernon: $195,344

Busy Months for Mortgages Received within Vernon

The bar graph below depicts the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Vernon usually occur during our second quarter (represented by the green bars) with 31.11% while our slowest is the fourth quarter (represented by the red bars) with 20.00%.

Busy Months Report for Vernon Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 16.7%
2 August: 14.4%
3 October: 10.0%
4 January: 8.9%
5 May: 7.8%
6 February: 7.8%
RankMonth Percentage of Applications
7 November: 6.7%
8 June: 6.7%
9 September: 6.7%
10 July: 5.6%
11 March: 5.6%
12 December: 3.3%

Busy Days for Mortgage Applications within Vernon

The graph below illustrates the busy days for online mortgage applications that were received by Super Brokers' web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Vernon the busiest day of the week, with 17.78% of all submissions, is Monday. In comparison, Sunday's are the slowest day with only 7.78% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 17.8%
2 Tuesday: 17.8%
3 Wednesday: 15.6%
4 Saturday: 14.4%
5 Thursday: 14.4%
6 Friday: 12.2%
7 Sunday: 7.8%
Busy Days Report for Vernon Mortgages

Peak Hours for Originated Mortgages within Vernon

Mortgage applications are received 24 hours a day from our web site. The report shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Vernon
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.1%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 2.2%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 1.1%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 1.1%
8AM 08:00 to 08:59: 3.3%
9AM 09:00 to 09:59: 2.2%
10AM 10:00 to 10:59: 5.6%
11AM 11:00 to 11:59: 8.9%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.9%
1PM 13:00 to 13:59: 2.2%
2PM 14:00 to 14:59: 4.4%
3PM 15:00 to 15:59: 8.9%
4PM 16:00 to 16:59: 10.0%
5PM 17:00 to 17:59: 4.4%
6PM 18:00 to 18:59: 4.4%
7PM 19:00 to 19:59: 8.9%
8PM 20:00 to 20:59: 5.6%
9PM 21:00 to 21:59: 4.4%
10PM 22:00 to 22:59: 4.4%
11PM 23:00 to 23:59: 7.8%

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 Vernon Ranks in British Columbia for Mortgage Business

The following table lists how Vernon 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
14COQUITLAM, BC 0.218%
15NANAIMO, BC 0.218%
16MAPLE RIDGE, BC 0.176%
17DELTA, BC 0.168%
18NEW WESTMINSTER, BC 0.159%
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%

Types of Mortgage Inquiries Received from Vernon


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 28.9%
First-time Home Buyer: 15.6%
Refinance / Debt Consolidation: 15.6%
New Home Purchase: 14.4%
Mortgage Renewal: 11.1%
No Money Down Mortgage (discontinued): 7.8%
Other: 6.6%
 
Total Application Types Found: 10

Age Demographics for Vernon Mortgage Applicants

Average age: 40
Oldest age: 74
Youngest age: 21


Incomes for Vernon Mortgage Applicants

The amounts shown below represent the average income of Canadians living in Vernon who have applied for a home loan using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Vernon: $54,618.53
applicants within all of Canada: $60,852.54
Difference: ($6,234.01)
  
mortgage co-applicants in Vernon: $34,149.42
co-applicants within all of Canada: $43,965.51
Difference: ($9,816.09)

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


Last mortgage report update for Vernon: Friday, July 1, 2016
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