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Corner Brook Mortgage Information

Average Mortgage Loan in Corner Brook: $170,004

Busy Months for Mortgages within Corner Brook

The 6-year bar graph below shows the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Corner Brook happen to occur during our third quarter (represented by the blue bars) with 33.80% while our slowest is the fourth quarter (represented by the red bars) with 14.08%.

Busy Months Report for Corner Brook Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 11.3%
2 April: 11.3%
3 July: 11.3%
4 August: 11.3%
5 September: 11.3%
6 February: 9.9%
RankMonth Percentage of Applications
7 January: 7.0%
8 March: 7.0%
9 December: 5.6%
10 June: 5.6%
11 November: 4.2%
12 October: 4.2%

Busy Days for Mortgage Inquiries within Corner Brook

The graph below shows the busy days for mortgage inquiries that were received by Super Brokers' web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Corner Brook, the day with the most volume, having more than 22.54% of all submissions, is Wednesday. In comparison, Thursday's are the slowest day with only 8.45% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 22.5%
2 Tuesday: 15.5%
3 Monday: 14.1%
4 Sunday: 14.1%
5 Saturday: 14.1%
6 Friday: 11.3%
7 Thursday: 8.4%
Busy Days Report for Corner Brook Mortgages

Peak Hours for Mortgage Applicants within Corner Brook

Mortgage applications are received 24 hours a day on the Super Brokers web site. The statistics shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 11.3% of all mortgages are received before noon, while 62.0% arrive in the afternoon.


Peak Hours Graph for Mortgages in Corner Brook
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 1.4%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 1.4%
5AM 05:00 to 05:59: 4.2%
6AM 06:00 to 06:59: 1.4%
7AM 07:00 to 07:59: 5.6%
8AM 08:00 to 08:59: 5.6%
9AM 09:00 to 09:59: 7.0%
10AM 10:00 to 10:59: 2.8%
11AM 11:00 to 11:59: 8.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.9%
1PM 13:00 to 13:59: 5.6%
2PM 14:00 to 14:59: 5.6%
3PM 15:00 to 15:59: 9.9%
4PM 16:00 to 16:59: 1.4%
5PM 17:00 to 17:59: 5.6%
6PM 18:00 to 18:59: 9.9%
7PM 19:00 to 19:59: 8.5%
8PM 20:00 to 20:59: 4.2%
9PM 21:00 to 21:59: 1.4%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 0%

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


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.16%
British Columbia: 10.37%
Manitoba: 1.99%
New Brunswick: 2.51%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.28%
Prince Edward Island: 0.50%
Quebec: 3.94%
Saskatchewan: 5.05%
Yukon: 0.47%

How Corner Brook Ranks in Newfoundland and Labrador for Mortgage Business

The following table lists how Corner Brook 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
1ST JOHN'S, NL 0.293%
2CORNER BROOK, NL 0.123%
3MOUNT PEARL, NL 0.087%
4PARADISE, NL 0.052%
5GRAND FALLS-WINDSOR, NL 0.049%
6CONCEPTION BAY SOUTH, NL 0.047%
7GANDER, NL 0.033%

Types of Mortgage Inquiries Received from Corner Brook


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 29.6%
Mortgage Pre-approval: 23.9%
No Money Down Mortgage (discontinued): 15.5%
First-time Home Buyer: 14.1%
Refinance / Debt Consolidation: 7.0%
Other: 9.8%
 
Total Application Types Found: 11

Age Demographics for Corner Brook Mortgages

Average age: 37
Oldest age: 66
Youngest age: 21


Incomes for Corner Brook Mortgages

The following depicts the average income of applicants living in Corner Brook who have applied for a loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Corner Brook: $49,870.48
applicants within all of Canada: $60,841.69
Difference: ($10,971.21)
  
mortgage co-applicants in Corner Brook: $37,034.05
co-applicants within all of Canada: $44,024.91
Difference: ($6,990.86)

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


Last mortgage report update for Corner Brook: Wednesday, May 20, 2015
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