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Corner Brook Mortgage Information

Average Mortgage Loan in Corner Brook: $169,505

Busy Months for Applications within Corner Brook

This graph depicts the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Corner Brook mostly occur during our third quarter (represented by the blue bars) with 34.29% while our slowest is the fourth quarter (represented by the red bars) with 14.29%.

Busy Months Report for Corner Brook Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 11.4%
2 July: 11.4%
3 August: 11.4%
4 September: 11.4%
5 May: 10.0%
6 February: 10.0%
RankMonth Percentage of Applications
7 January: 7.1%
8 March: 7.1%
9 December: 5.7%
10 June: 5.7%
11 November: 4.3%
12 October: 4.3%

Busy Days for Mortgage Applications within Corner Brook

The information below shows the busy days for online inquiries 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 Corner Brook the most busy day of the week, with 22.86% of all inquiries, is Wednesday. In comparison, Thursday's are the slowest day with only 8.57% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 22.9%
2 Tuesday: 15.7%
3 Monday: 14.3%
4 Sunday: 14.3%
5 Saturday: 14.3%
6 Friday: 10.0%
7 Thursday: 8.6%
Busy Days Report for Corner Brook Mortgages

Peak Hours for Applicants within Corner Brook

In Corner Brook, inquiries are received 24 hours a day via the Super Brokers' web site. The report shown below indicates the rush hours in the day. The data is taken from all days of all years. Only 11.4% of all mortgages are received during the morning, while 62.9% 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: 4.3%
6AM 06:00 to 06:59: 1.4%
7AM 07:00 to 07:59: 5.7%
8AM 08:00 to 08:59: 5.7%
9AM 09:00 to 09:59: 5.7%
10AM 10:00 to 10:59: 2.9%
11AM 11:00 to 11:59: 8.6%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 10.0%
1PM 13:00 to 13:59: 5.7%
2PM 14:00 to 14:59: 5.7%
3PM 15:00 to 15:59: 10.0%
4PM 16:00 to 16:59: 1.4%
5PM 17:00 to 17:59: 5.7%
6PM 18:00 to 18:59: 10.0%
7PM 19:00 to 19:59: 8.6%
8PM 20:00 to 20:59: 4.3%
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: 21.07%
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 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 0.289%
2CORNER BROOK, NL 0.121%
3MOUNT PEARL, NL 0.088%
4PARADISE, NL 0.052%
5GRAND FALLS-WINDSOR, NL 0.050%
6CONCEPTION BAY SOUTH, NL 0.048%
7GANDER, NL 0.035%

Types of Mortgage Inquiries Received from Corner Brook


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 30.0%
Mortgage Pre-approval: 24.3%
No Money Down Mortgage (discontinued): 15.7%
First-time Home Buyer: 14.3%
Refinance / Debt Consolidation: 5.7%
Other: 9.9%
 
Total Application Types Found: 11

Age Demographics for Corner Brook Mortgage Applicants

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


Incomes for Corner Brook Mortgage Applicants

The amounts shown below represent the average income of people living in Corner Brook who have applied for a mortgage loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Corner Brook: $49,415.33
applicants within all of Canada: $60,852.54
Difference: ($11,437.21)
  
mortgage co-applicants in Corner Brook: $37,034.05
co-applicants within all of Canada: $43,965.51
Difference: ($6,931.46)

Note: Commercial loan amounts were not included for this report, only residential mortgages from Corner Brook, Newfoundland and Labrador were used.


Last mortgage report update for Corner Brook: Friday, July 1, 2016
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