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Westbank Mortgage Information

Average Mortgage Loan in Westbank: $229,383

Busy Days for Mortgage Applications within Westbank

The bar graph listed below compares the busy days for online inquiries that were received by Super Brokers. Each day is a representation of the combined 6-year total of all instances of that day. In Westbank, the day with the most volume, generating 26.67% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 4.44% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 26.7%
2 Monday: 24.4%
3 Wednesday: 17.8%
4 Friday: 8.9%
5 Sunday: 8.9%
6 Thursday: 8.9%
7 Saturday: 4.4%
Busy Days Report for Westbank Mortgages

Peak Hours for Mortgages within Westbank

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. Only 13.3% of all mortgages are received during the morning, while 77.8% arrive in the afternoon.


Peak Hours Graph for Mortgages in Westbank
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 4.4%
1AM 01:00 to 01:59: 2.2%
2AM 02:00 to 02:59: 2.2%
3AM 03:00 to 03:59: 2.2%
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: 2.2%
8AM 08:00 to 08:59: 2.2%
9AM 09:00 to 09:59: 0%
10AM 10:00 to 10:59: 4.4%
11AM 11:00 to 11:59: 2.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.7%
1PM 13:00 to 13:59: 11.1%
2PM 14:00 to 14:59: 2.2%
3PM 15:00 to 15:59: 15.6%
4PM 16:00 to 16:59: 2.2%
5PM 17:00 to 17:59: 4.4%
6PM 18:00 to 18:59: 8.9%
7PM 19:00 to 19:59: 8.9%
8PM 20:00 to 20:59: 6.7%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 6.7%
11PM 23:00 to 23:59: 4.4%

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 Westbank Ranks in British Columbia for Mortgage Business

The following table lists how Westbank 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
26NELSON, BC 0.088%
27SALMON ARM, BC 0.081%
28PORT COQUITLAM, BC 0.081%
29MISSION, BC 0.080%
30COURTENAY, BC 0.078%
31WESTBANK, BC 0.078%
32CRANBROOK, BC 0.076%
33VANDERHOOF, BC 0.067%
34WILLIAMS LAKE, BC 0.066%
35DUNCAN, BC 0.066%
36REVELSTOKE, BC 0.057%

Types of Mortgage Inquiries Received from Westbank


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 20.0%
First-time Home Buyer: 17.8%
Mortgage Renewal: 17.8%
New Home Purchase: 17.8%
Refinance / Debt Consolidation: 17.8%
No Money Down Mortgage (discontinued): 4.4%
Other: 4.4%
 
Total Application Types Found: 8

Age Demographics for Westbank Originated Mortgages

Average age: 44
Oldest age: 71
Youngest age: 22


Incomes for Westbank Originated Mortgages

The following depicts the average income of applicants living in Westbank who have submitted a mortgage inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Westbank: $57,383.56
applicants within all of Canada: $60,852.54
Difference: ($3,468.98)
  
mortgage co-applicants in Westbank: $33,801.17
co-applicants within all of Canada: $43,965.51
Difference: ($10,164.35)

Note: Commercial loan amounts were not included for this report, only residential mortgages from Westbank, British Columbia were used.


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