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Newfoundland and Labrador Mortgage Information

Busy Months for Mortgages in Newfoundland and Labrador

The following bar graph displays the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages occur during our first quarter (represented by the brown bars) with 28.76% while our slowest is the fourth quarter (represented by the red bars) with 15.85%.

Busy Months Report for Newfoundland and Labrador Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 11.6%
2 May: 10.4%
3 July: 10.4%
4 August: 9.4%
5 June: 9.4%
6 January: 8.9%
RankMonth Percentage of Applications
7 April: 8.7%
8 February: 8.3%
9 September: 7.1%
10 October: 6.7%
11 November: 5.9%
12 December: 3.3%

Busy Days for Mortgages in Newfoundland and Labrador

The bar graph below shows 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 Newfoundland and Labrador the busiest day, with approximately 19.17% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 10.79% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 19.2%
2 Monday: 18.0%
3 Wednesday: 15.4%
4 Thursday: 13.7%
5 Sunday: 11.7%
6 Friday: 11.2%
7 Saturday: 10.8%
Busy Days Report for Newfoundland and Labrador Mortgages

Peak Hours for Newfoundland and Labrador Mortgage Applications

Mortgage inquiries are received 24 hours a day from the Mortgage Super Brokers web site. The graph shown below represents the rush hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Newfoundland and Labrador
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.3%
1AM 01:00 to 01:59: 0.4%
2AM 02:00 to 02:59: 0.4%
3AM 03:00 to 03:59: 0.5%
4AM 04:00 to 04:59: 1.6%
5AM 05:00 to 05:59: 2.9%
6AM 06:00 to 06:59: 4.8%
7AM 07:00 to 07:59: 6.5%
8AM 08:00 to 08:59: 7.3%
9AM 09:00 to 09:59: 6.8%
10AM 10:00 to 10:59: 6.7%
11AM 11:00 to 11:59: 5.6%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.9%
1PM 13:00 to 13:59: 6.7%
2PM 14:00 to 14:59: 6.3%
3PM 15:00 to 15:59: 6.3%
4PM 16:00 to 16:59: 5.9%
5PM 17:00 to 17:59: 7.2%
6PM 18:00 to 18:59: 5.3%
7PM 19:00 to 19:59: 4.8%
8PM 20:00 to 20:59: 2.1%
9PM 21:00 to 21:59: 2.3%
10PM 22:00 to 22:59: 1.1%
11PM 23:00 to 23:59: 0.5%

Newfoundland and Labrador Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage in Comparison
Alberta: 1634.9%
British Columbia: 799.2%
Manitoba: 154.7%
New Brunswick: 194.1%
Newfoundland and Labrador: 100.0%
Nova Scotia: 254.2%
Northwest Territories: 37.4%
Nunavut: 7.3%
Ontario: 3644.2%
Prince Edward Island: 38.9%
Quebec: 303.6%
Saskatchewan: 390.7%
Yukon: 36.5%

Top Producing Cities / Towns for Mortgages in Newfoundland and Labrador

Rank City or Town within
Newfoundland and Labrador
Percentage
of Inquiries
Avg
Age
Average
Income
Average
Co-Income
Average
Loan
1ST JOHN'S, NL 22.503% 38 $49,591 $38,840 $139,286
2CORNER BROOK, NL 9.454% 37 $49,870 $37,034 $170,004
3MOUNT PEARL, NL 6.791% 42 $55,101 $38,012 $171,732
4PARADISE, NL 3.995% 38 $78,372 $38,890 $187,209
5GRAND FALLS-WINDSOR, NL 3.862% 40 $41,138 $33,334 $108,411
6CONCEPTION BAY SOUTH, NL 3.728% 34 $48,234 $27,649 $129,523
7GANDER, NL 2.530% 34 $53,294 $27,222 $97,793
8PORTUGAL COVE-ST PHILIPS, NL 2.264% 36 $60,949 $30,277 $142,917
9LABRADOR CITY, NL 1.864% 35 $63,857 $45,033 $163,230
10HAPPY VALLEY-GOOSE BAY, NL 1.731% 43 $53,384 $66,000 $146,730
11GOULDS, NL 1.598% 32 $43,656 $61,912 $141,390
12CLARENVILLE, NL 1.332% 33 $53,589 $48,402 $152,361
13MARYSTOWN, NL 1.332% 33 $68,842 n/a $119,640
14STEPHENVILLE, NL 1.198% 39 $49,111 $140,000 $141,646
15PASADENA, NL 1.198% 38 $56,715 $31,413 $185,300
16DEER LAKE, NL 1.065% 38 $50,105 $37,000 $135,055
17HOLYROOD, NL 1.065% 52 $44,271 $50,300 $193,737
18BISHOPS FALLS, NL 1.065% 30 $37,062 $21,500 $90,950
19DOYLES, NL 0.932% 55 $42,833 $35,500 $102,500
20BOTWOOD, NL 0.932% 42 $42,000 $30,666 $83,500
21NORTH WEST RIVER, NL 0.932% 32 $65,142 $41,000 $156,714
22CARBONEAR, NL 0.932% 42 $53,285 n/a $72,000
23BAIE VERTE, NL 0.666% 41 $39,912 n/a $82,500
24TORBAY, NL 0.666% 33 $42,100 $31,000 $155,600
25KIPPENS, NL 0.666% 48 $69,633 n/a $125,800
26BENOITS COVE, NL 0.666% 29 $72,000 $45,000 $192,280
27LEWISPORTE, NL 0.666% 36 $48,500 $40,300 $119,925
28NORMANS COVE, NL 0.666% 35 $64,907 $27,000 $135,264
29MOUNT MORIAH, NL 0.533% 27 $38,423 $23,000 $95,000
30CRESTON, NL 0.533% 38 $76,000 $55,000 $131,250
31UPPER ISLAND COVE, NL 0.399% 36 $54,666 $17,000 $115,000
32SPANIARDS BAY, NL 0.399% 36 $41,666 $22,000 $119,633
33PETERVIEW, NL 0.399% 43 $21,500 $34,000 $188,333
34FLATROCK, NL 0.399% 37 $32,488 n/a $88,000
35POUCH COVE, NL 0.399% 29 $44,000 n/a $141,666
36LEWINS COVE, NL 0.399% 30 $32,700 n/a $78,633
37BAY ROBERTS, NL 0.399% 34 $64,000 n/a $159,500
38NORRIS ARM NORTHSIDE, NL 0.399% 62 $12,500 $90,500 $41,000
39BONAVISTA, NL 0.399% 30 $31,666 $85,000 $101,666
40SHEARSTOWN, NL 0.399% 42 $56,166 n/a $88,333
41PLACENTIA, NL 0.399% 30 $25,933 n/a $73,000
42EASTPORT, NL 0.399% 45 $61,500 n/a $92,500
43STEPHENVILLE CROSSING, NL 0.399% 33 $19,500 n/a $115,000
44WABUSH, NL 0.266% 32 $69,500 n/a $117,318
45LOGY BAY, NL 0.266% 62 n/a n/a $139,000
46CONCEPTION HARBOUR, NL 0.266% 38 $51,000 n/a $242,500
47SPRINGDALE, NL 0.266% 38 $45,500 n/a $94,500
48BAY DE VERDE, NL 0.266% 65 $16,482 $13,890 n/a
49GRAND BANK, NL 0.266% 45 $66,500 n/a $98,750
50ROCKY HARBOUR, NL 0.266% 38 $44,027 n/a $70,000

Types of Mortgage Inquiries Received from Newfoundland and Labrador


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.8%
New Home Purchase: 18.5%
Refinance / Debt Consolidation: 16.5%
First-time Home Buyer: 16.2%
No Money Down Mortgage (discontinued): 13.2%
Mortgage Renewal: 7.7%
Other: 4.9%
 
Total Application Types Found: 19

Age Demographics for Newfoundland and Labrador Mortgage Inquiries

Average age: 38
Oldest age: 73
Youngest age: 19


Incomes for Newfoundland and Labrador Mortgage Inquiries

The following depicts the average income of applicants living in Newfoundland and Labrador who have applied for a mortgage loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Newfoundland and Labrador: $51,890.05
applicants within all of Canada: $60,871.80
Difference: ($8,981.76)
  
mortgage co-applicants in Newfoundland and Labrador: $37,972.79
co-applicants within all of Canada: $44,075.54
Difference: ($6,102.75)

Note: Commercial loans were not included for this section, only residential mortgages were used.

Last mortgage report update for Newfoundland and Labrador: Thursday, August 13, 2015
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