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St John's Mortgage Information

Average Mortgage Loan in St John's: $139,207

Busy Months for Mortgage Applications within St John's

The bar graph below shows the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from St John's usually occur during our third quarter (represented by the blue bars) with 31.14% while our slowest is the fourth quarter (represented by the red bars) with 16.17%.

Busy Months Report for St John's Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 13.8%
2 July: 13.8%
3 August: 10.2%
4 June: 9.6%
5 March: 9.0%
6 April: 7.2%
RankMonth Percentage of Applications
7 February: 7.2%
8 September: 7.2%
9 January: 6.0%
10 October: 6.0%
11 November: 5.4%
12 December: 4.8%

Busy Days for Mortgages within St John's

The graph listed below displays the busy days for Internet mortgage applications that were received by Super Brokers. Each day represents a combined total of all occurrences of that day in the past 5 years. In St John's, the day with the most volume, generating 20.96% of all applications, is Monday. In comparison, Friday's are the slowest day with only 10.78% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 21.0%
2 Tuesday: 20.4%
3 Saturday: 12.6%
4 Wednesday: 12.0%
5 Thursday: 12.0%
6 Sunday: 11.4%
7 Friday: 10.8%
Busy Days Report for St John's Mortgages

Peak Hours for Based Mortgages within St John's

Mortgage applications are received 24 hours a day on the Mortgage Super Brokers web site. The information shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years. Only 12.0% of all mortgages are received before noon, while 56.9% arrive in the afternoon.


Peak Hours Graph for Mortgages in St John's
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: 0.6%
3AM 03:00 to 03:59: 0.6%
4AM 04:00 to 04:59: 1.8%
5AM 05:00 to 05:59: 3.0%
6AM 06:00 to 06:59: 4.8%
7AM 07:00 to 07:59: 6.6%
8AM 08:00 to 08:59: 8.4%
9AM 09:00 to 09:59: 5.4%
10AM 10:00 to 10:59: 8.4%
11AM 11:00 to 11:59: 3.6%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.6%
1PM 13:00 to 13:59: 5.4%
2PM 14:00 to 14:59: 8.4%
3PM 15:00 to 15:59: 5.4%
4PM 16:00 to 16:59: 5.4%
5PM 17:00 to 17:59: 8.4%
6PM 18:00 to 18:59: 4.8%
7PM 19:00 to 19:59: 3.6%
8PM 20:00 to 20:59: 2.4%
9PM 21:00 to 21:59: 4.2%
10PM 22:00 to 22:59: 1.8%
11PM 23:00 to 23:59: 0.6%

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 St John's Ranks in Newfoundland and Labrador for Mortgage Business

The following table lists how St John's 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%

Types of Mortgage Inquiries Received from St John's


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 26.9%
First-time Home Buyer: 17.4%
No Money Down Mortgage (discontinued): 13.8%
Refinance / Debt Consolidation: 13.8%
Mortgage Renewal: 13.2%
New Home Purchase: 10.8%
Other: 4.2%
 
Total Application Types Found: 13

Age Demographics for St John's Mortgage Applicants

Average age: 38
Oldest age: 71
Youngest age: 21


Incomes for St John's Mortgage Applicants

The following depicts the average income of people living in St John's who have applied for a mortgage loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in St John's: $49,372.94
applicants within all of Canada: $60,852.54
Difference: ($11,479.61)
  
mortgage co-applicants in St John's: $38,840.84
co-applicants within all of Canada: $43,965.51
Difference: ($5,124.67)

Note: Commercial loans were not included for this section, only residential mortgage loans from St John's, Newfoundland and Labrador were used.


Last mortgage report update for St John's: Friday, July 1, 2016
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