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Newfoundland and Labrador Mortgage Information
Busy Months for Mortgages in Newfoundland and Labrador
This graph displays the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages occur during our second quarter (represented by the green bars) with 29.22% while our slowest is the fourth quarter (represented by the red bars) with 15.80%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | March: | 11.4% | |
| 2 | May: | 10.1% | |
| 3 | July: | 10.0% | |
| 4 | June: | 9.8% | |
| 5 | April: | 9.3% | |
| 6 | August: | 9.3% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | January: | 9.2% | |
| 8 | February: | 8.1% | |
| 9 | September: | 7.0% | |
| 10 | October: | 6.6% | |
| 11 | November: | 5.8% | |
| 12 | December: | 3.3% |
Busy Days for Mortgages in Newfoundland and Labrador
The information listed below plots the busy days for mortgage inquiries that were received by the Super Brokers web site. A combined total of all occurrences of each day are represented for the past 5 years. In Newfoundland and Labrador, the day with the most volume, generating 18.99% of all submissions, is Tuesday. In comparison, Friday's are the slowest day with only 10.89% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Tuesday: | 19.0% |
| 2 | Monday: | 17.8% |
| 3 | Wednesday: | 15.3% |
| 4 | Thursday: | 13.7% |
| 5 | Sunday: | 11.9% |
| 6 | Saturday: | 11.4% |
| 7 | Friday: | 10.9% |
Peak Hours for Newfoundland and Labrador Mortgage Applications
In Newfoundland and Labrador, mortgage applications are received 24 hours a day from our web site. The report shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years.
| Time | Period (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: | 4.5% |
| 7AM | 07:00 to 07:59: | 6.2% |
| 8AM | 08:00 to 08:59: | 7.4% |
| 9AM | 09:00 to 09:59: | 6.6% |
| 10AM | 10:00 to 10:59: | 6.6% |
| 11AM | 11:00 to 11:59: | 5.6% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 7.8% |
| 1PM | 13:00 to 13:59: | 6.6% |
| 2PM | 14:00 to 14:59: | 6.2% |
| 3PM | 15:00 to 15:59: | 6.1% |
| 4PM | 16:00 to 16:59: | 6.2% |
| 5PM | 17:00 to 17:59: | 7.3% |
| 6PM | 18:00 to 18:59: | 5.4% |
| 7PM | 19:00 to 19:59: | 4.8% |
| 8PM | 20:00 to 20:59: | 2.4% |
| 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: | 1618.9% |
| British Columbia: | 798.8% |
| Manitoba: | 153.9% |
| New Brunswick: | 194.0% |
| Newfoundland and Labrador: | 100.0% |
| Nova Scotia: | 252.9% |
| Northwest Territories: | 37.6% |
| Nunavut: | 7.4% |
| Ontario: | 3633.9% |
| Prince Edward Island: | 39.0% |
| Quebec: | 302.5% |
| Saskatchewan: | 387.0% |
| Yukon: | 36.3% |
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 Home Loan |
|---|---|---|---|---|---|---|
| 1 | ST JOHN'S, NL | 22.178% | 38 | $49,372 | $38,840 | $139,207 |
| 2 | CORNER BROOK, NL | 9.296% | 37 | $49,415 | $37,034 | $169,505 |
| 3 | MOUNT PEARL, NL | 6.773% | 42 | $54,803 | $38,179 | $173,593 |
| 4 | PARADISE, NL | 3.984% | 38 | $78,372 | $38,890 | $187,209 |
| 5 | GRAND FALLS-WINDSOR, NL | 3.851% | 41 | $41,673 | $32,670 | $107,296 |
| 6 | CONCEPTION BAY SOUTH, NL | 3.718% | 34 | $48,434 | $27,649 | $124,523 |
| 7 | GANDER, NL | 2.656% | 34 | $52,444 | $30,200 | $102,923 |
| 8 | PORTUGAL COVE-ST PHILIPS, NL | 2.523% | 37 | $65,067 | $46,150 | $151,704 |
| 9 | HAPPY VALLEY-GOOSE BAY, NL | 1.726% | 43 | $53,384 | $66,000 | $146,730 |
| 10 | LABRADOR CITY, NL | 1.726% | 35 | $65,769 | $41,040 | $156,000 |
| 11 | GOULDS, NL | 1.461% | 32 | $41,716 | $61,912 | $142,100 |
| 12 | CLARENVILLE, NL | 1.328% | 33 | $53,589 | $48,402 | $152,361 |
| 13 | MARYSTOWN, NL | 1.328% | 33 | $68,842 | n/a | $119,640 |
| 14 | PASADENA, NL | 1.195% | 38 | $56,715 | $31,413 | $185,300 |
| 15 | STEPHENVILLE, NL | 1.062% | 39 | $49,500 | n/a | $131,500 |
| 16 | HOLYROOD, NL | 1.062% | 52 | $44,271 | $50,300 | $193,737 |
| 17 | BISHOPS FALLS, NL | 1.062% | 30 | $37,062 | $21,500 | $90,950 |
| 18 | DOYLES, NL | 0.930% | 55 | $42,833 | $35,500 | $102,500 |
| 19 | DEER LAKE, NL | 0.930% | 39 | $52,977 | $40,000 | $130,778 |
| 20 | NORTH WEST RIVER, NL | 0.930% | 32 | $65,142 | $41,000 | $156,714 |
| 21 | CARBONEAR, NL | 0.930% | 42 | $53,285 | n/a | $72,000 |
| 22 | BOTWOOD, NL | 0.797% | 43 | $43,000 | $30,666 | $80,200 |
| 23 | BAIE VERTE, NL | 0.664% | 41 | $39,912 | n/a | $82,500 |
| 24 | TORBAY, NL | 0.664% | 33 | $42,100 | $31,000 | $155,600 |
| 25 | KIPPENS, NL | 0.664% | 48 | $69,633 | n/a | $125,800 |
| 26 | BENOITS COVE, NL | 0.664% | 29 | $72,000 | $45,000 | $192,280 |
| 27 | LEWISPORTE, NL | 0.664% | 36 | $48,500 | $40,300 | $119,925 |
| 28 | NORMANS COVE, NL | 0.664% | 35 | $64,907 | $27,000 | $135,264 |
| 29 | SPANIARDS BAY, NL | 0.531% | 37 | $56,250 | $22,000 | $104,725 |
| 30 | MOUNT MORIAH, NL | 0.531% | 27 | $38,423 | $23,000 | $95,000 |
| 31 | BAY ROBERTS, NL | 0.531% | 36 | $77,666 | n/a | $191,333 |
| 32 | UPPER ISLAND COVE, NL | 0.398% | 36 | $54,666 | $17,000 | $115,000 |
| 33 | PETERVIEW, NL | 0.398% | 43 | $21,500 | $34,000 | $188,333 |
| 34 | FLATROCK, NL | 0.398% | 37 | $32,488 | n/a | $88,000 |
| 35 | POUCH COVE, NL | 0.398% | 29 | $44,000 | n/a | $141,666 |
| 36 | LEWINS COVE, NL | 0.398% | 30 | $32,700 | n/a | $78,633 |
| 37 | CRESTON, NL | 0.398% | 30 | $68,000 | n/a | $156,666 |
| 38 | NORRIS ARM NORTHSIDE, NL | 0.398% | 62 | $12,500 | $90,500 | $41,000 |
| 39 | BONAVISTA, NL | 0.398% | 30 | $31,666 | $85,000 | $101,666 |
| 40 | SHEARSTOWN, NL | 0.398% | 42 | $56,166 | n/a | $88,333 |
| 41 | PLACENTIA, NL | 0.398% | 30 | $25,933 | n/a | $73,000 |
| 42 | EASTPORT, NL | 0.398% | 45 | $61,500 | n/a | $92,500 |
| 43 | STEPHENVILLE CROSSING, NL | 0.398% | 33 | $19,500 | n/a | $115,000 |
| 44 | WABUSH, NL | 0.266% | 32 | $69,500 | n/a | $117,318 |
| 45 | HAMPDEN, NL | 0.266% | 23 | $42,000 | n/a | $85,000 |
| 46 | LOGY BAY, NL | 0.266% | 62 | n/a | n/a | $139,000 |
| 47 | CONCEPTION HARBOUR, NL | 0.266% | 38 | $51,000 | n/a | $242,500 |
| 48 | SPRINGDALE, NL | 0.266% | 38 | $45,500 | n/a | $94,500 |
| 49 | BAY DE VERDE, NL | 0.266% | 65 | $16,482 | $13,890 | n/a |
| 50 | GRAND BANK, NL | 0.266% | 45 | $66,500 | n/a | $98,750 |
Types of Mortgage Inquiries Received from Newfoundland and Labrador
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| Mortgage Pre-approval: | 23.2% | |
| New Home Purchase: | 18.6% | |
| Refinance / Debt Consolidation: | 16.5% | |
| First-time Home Buyer: | 16.2% | |
| No Money Down Mortgage (discontinued): | 13.1% | |
| Mortgage Renewal: | 7.3% | |
| 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 submitted a mortgage inquiry using the pre-approval application on the Mortgage Super Brokers' web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Newfoundland and Labrador: | $52,181.78 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | ($8,670.76) |
| mortgage co-applicants in Newfoundland and Labrador: | $38,059.50 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | ($5,906.01) |
Note: Commercial Mortgage loans were not included for this survey, only home loans were used.
Last mortgage report update for Newfoundland and Labrador: Friday, July 1, 2016
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