Variable closed:	2.85%
1 year closed:	2.69%
3 year closed:	2.69%
5 year closed:	2.79%
10 year closed:	3.44%

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Victoria Mortgage Information

Average Mortgage Loan in Victoria: $256,122

Busy Months for Mortgages within Victoria

This graph shows the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Victoria occur during our first quarter (represented by the brown bars) with 32.49% while our slowest is the fourth quarter (represented by the red bars) with 15.69%.

Busy Months Report for Victoria Mortgages

Rankings for Busy Mortgage Months

Rank	Month	Percentage of Applications
1	February:	13.2%
2	January:	10.6%
3	April:	10.6%
4	May:	10.4%
5	June:	10.1%
6	March:	8.7%

Rank	Month	Percentage of Applications
7	September:	7.8%
8	August:	6.7%
9	July:	6.2%
10	October:	6.2%
11	November:	5.9%
12	December:	3.6%

Busy Days for Mortgage Inquiries within Victoria

The bar graph listed below plots the busy days for Internet applications that were received by the Super Brokers web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Victoria the busiest day, with approximately 20.17% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 9.52% of all inquiries.

Rank	Day of the Week	Percentage of Applications
1	Tuesday:	20.2%
2	Monday:	19.1%
3	Thursday:	15.1%
4	Wednesday:	13.7%
5	Sunday:	11.8%
6	Friday:	10.6%
7	Saturday:	9.5%

Peak Hours for Mortgage Applicants within Victoria

In Victoria, inquiries are received 24 hours a day via the Super Brokers web site. The graph shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years. Only 21.0% of all mortgages are received before noon, while 72.5% arrive in the afternoon.

Peak Hours Graph for Mortgages in Victoria

Time	Period (24 Hour)	Percentage of Applications
12AM	00:00 to 00:59:	3.1%
1AM	01:00 to 01:59:	2.2%
2AM	02:00 to 02:59:	1.1%
3AM	03:00 to 03:59:	0.3%
4AM	04:00 to 04:59:	0%
5AM	05:00 to 05:59:	0.3%
6AM	06:00 to 06:59:	1.1%
7AM	07:00 to 07:59:	0.6%
8AM	08:00 to 08:59:	1.4%
9AM	09:00 to 09:59:	5.6%
10AM	10:00 to 10:59:	3.9%
11AM	11:00 to 11:59:	7.8%

Time	Period (24 Hour)	Percentage of Applications
Lunch	12:00 to 12:59:	7.8%
1PM	13:00 to 13:59:	6.7%
2PM	14:00 to 14:59:	5.3%
3PM	15:00 to 15:59:	7.0%
4PM	16:00 to 16:59:	7.3%
5PM	17:00 to 17:59:	5.9%
6PM	18:00 to 18:59:	4.8%
7PM	19:00 to 19:59:	8.1%
8PM	20:00 to 20:59:	6.2%
9PM	21:00 to 21:59:	3.9%
10PM	22:00 to 22:59:	5.6%
11PM	23:00 to 23:59:	3.9%

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 Victoria Ranks in British Columbia for Mortgage Business

The following table lists how Victoria 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
1	VANCOUVER, BC	0.913%
2	SURREY, BC	0.693%
3	VICTORIA, BC	0.617%
4	BURNABY, BC	0.330%
5	KELOWNA, BC	0.318%
6	PRINCE GEORGE, BC	0.290%
7	ABBOTSFORD, BC	0.284%
8	RICHMOND, BC	0.266%

Types of Mortgage Inquiries Received from Victoria

Type of Mortgage Application Form Selected		Percentage of Inquiries
Mortgage Pre-approval:		24.6%
No Money Down Mortgage (discontinued):		14.8%
First-time Home Buyer:		14.3%
Mortgage Renewal:		13.2%
New Home Purchase:		13.2%
Refinance / Debt Consolidation:		10.9%
Other:		9%

Total Application Types Found: 15

Age Demographics for Victoria Originated Mortgages

Average age: 40
Oldest age: 82
Youngest age: 20

Incomes for Victoria Originated Mortgages

The figures below represent the average income of Canadians living in Victoria who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Victoria:	$62,874.44
applicants within all of Canada:	$60,852.54
Difference:	$2,021.90

mortgage co-applicants in Victoria:	$44,587.12
co-applicants within all of Canada:	$43,965.51
Difference:	$621.60

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

Nearest Settlements

1	Brentwood Bay, British Columbia
2	Saanichton, British Columbia
3	Sidney, British Columbia
4	Shawnigan Lake, British Columbia
5	Mill Bay, British Columbia
6	North Saanich, British Columbia

7	Pender Island, British Columbia
8	Salt Spring Island, British Columbia
9	Sooke, British Columbia
10	Galiano Island, British Columbia
11	Galiano, British Columbia