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Nova Scotia Mortgage Information

Busy Months for Mortgages in Nova Scotia

The graph below represents 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 29.15% while our slowest is the fourth quarter (represented by the red bars) with 19.01%.

Busy Months Report for Nova Scotia Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 February: 9.9%
2 January: 9.8%
3 March: 9.4%
4 May: 9.3%
5 August: 9.3%
6 April: 9.2%
RankMonth Percentage of Applications
7 July: 9.0%
8 June: 8.0%
9 October: 7.7%
10 September: 7.1%
11 November: 6.9%
12 December: 4.5%

Busy Days for Mortgages in Nova Scotia

The information below displays the busy days for online inquiries that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Nova Scotia the busiest day, with 17.80% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 9.45% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 17.8%
2 Tuesday: 17.0%
3 Wednesday: 15.8%
4 Thursday: 15.0%
5 Sunday: 12.6%
6 Friday: 12.4%
7 Saturday: 9.4%
Busy Days Report for Nova Scotia Mortgages

Peak Hours for Nova Scotia Mortgage Applications

Mortgage inquiries are received 24 hours a day from the Super Brokers' web site. The information shown below represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 0.0% of all mortgages are received during the morning, while 39.8% arrive in the afternoon.


Peak Hours Graph for Mortgages in Nova Scotia
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.4%
1AM 01:00 to 01:59: 0.4%
2AM 02:00 to 02:59: 0.2%
3AM 03:00 to 03:59: 0.9%
4AM 04:00 to 04:59: 1.1%
5AM 05:00 to 05:59: 2.5%
6AM 06:00 to 06:59: 3.9%
7AM 07:00 to 07:59: 5.3%
8AM 08:00 to 08:59: 6.5%
9AM 09:00 to 09:59: 6.4%
10AM 10:00 to 10:59: 7.1%
11AM 11:00 to 11:59: 7.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.9%
1PM 13:00 to 13:59: 6.7%
2PM 14:00 to 14:59: 4.8%
3PM 15:00 to 15:59: 5.1%
4PM 16:00 to 16:59: 5.9%
5PM 17:00 to 17:59: 8.8%
6PM 18:00 to 18:59: 7.6%
7PM 19:00 to 19:59: 4.6%
8PM 20:00 to 20:59: 3.4%
9PM 21:00 to 21:59: 2.2%
10PM 22:00 to 22:59: 1.2%
11PM 23:00 to 23:59: 0.9%

Nova Scotia Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage in Comparison
Alberta: 640.2%
British Columbia: 315.9%
Manitoba: 60.9%
New Brunswick: 76.7%
Newfoundland and Labrador: 39.5%
Nova Scotia: 100.0%
Northwest Territories: 14.9%
Nunavut: 2.9%
Ontario: 1437.1%
Prince Edward Island: 15.4%
Quebec: 119.6%
Saskatchewan: 153.0%
Yukon: 14.3%

Top Producing Cities / Towns for Mortgages in Nova Scotia

Rank City or Town within
Nova Scotia
Percentage
of Inquiries
Avg
Age
Average
Income
Average
Co-Income
Average
Loan
1HALIFAX, NS 13.235% 35 $53,111 $40,820 $178,596
2DARTMOUTH, NS 9.349% 38 $54,632 $38,199 $151,148
3SYDNEY, NS 5.777% 35 $49,101 $33,757 $119,209
4TRURO, NS 5.147% 37 $43,302 $37,469 $130,123
5LOWER SACKVILLE, NS 3.361% 36 $47,006 $38,810 $142,307
6AMHERST, NS 3.309% 39 $36,065 $32,626 $89,854
7YARMOUTH, NS 2.731% 38 $46,811 $26,702 $112,848
8GLACE BAY, NS 2.153% 39 $50,337 $33,100 $90,052
9KENTVILLE, NS 1.628% 38 $46,103 $25,288 $136,211
10BRIDGEWATER, NS 1.628% 34 $40,879 $41,463 $150,277
11BEDFORD, NS 1.418% 36 $76,661 $34,733 $175,109
12WOLFVILLE, NS 1.366% 43 $63,376 $52,466 $196,215
13NORTH SYDNEY, NS 1.366% 36 $40,735 $39,062 $92,666
14NEW GLASGOW, NS 1.313% 36 $40,850 $24,571 $89,457
15LIVERPOOL, NS 1.313% 38 $35,341 $25,240 $103,685
16PICTOU, NS 1.261% 36 $37,636 $26,400 $84,515
17NEW MINAS, NS 1.155% 36 $41,260 $23,362 $140,461
18SYDNEY MINES, NS 0.998% 34 $82,139 $26,666 $136,382
19ANTIGONISH, NS 0.998% 37 $50,400 $24,783 $128,837
20CENTREVILLE, NS 0.945% 38 $38,255 $30,589 $104,266
21NEW WATERFORD, NS 0.945% 35 $37,956 $28,909 $82,678
22EASTERN PASSAGE, NS 0.893% 34 $47,385 $38,833 $111,857
23TIMBERLEA, NS 0.788% 39 $44,131 $34,587 $200,727
24SHEARWATER, NS 0.735% 35 $56,814 $14,000 $162,590
25WINDSOR, NS 0.683% 36 $39,100 $99,776 $148,981
26STELLARTON, NS 0.630% 40 $40,850 $27,571 $73,492
27BERWICK, NS 0.630% 40 $46,668 $30,725 $123,337
28WESTVILLE, NS 0.630% 43 $47,280 $70,000 $78,500
29GREENWOOD, NS 0.630% 34 $55,398 $15,200 $126,709
30SHELBURNE, NS 0.630% 32 $54,036 $39,533 $114,545
31DIGBY, NS 0.578% 38 $36,016 $22,236 $87,230
32KINGSTON, NS 0.525% 37 $49,394 $19,029 $130,396
33HAMMONDS PLAINS, NS 0.525% 38 $66,222 $51,200 $194,430
34SPRINGHILL, NS 0.525% 35 $35,869 $16,544 $81,580
35DEBERT, NS 0.525% 39 $30,358 $31,500 $106,190
36MIDDLETON, NS 0.525% 40 $39,572 $29,433 $87,287
37PORT HAWKESBURY, NS 0.473% 46 $37,033 $30,491 $77,179
38HUBBARDS, NS 0.420% 38 $83,857 n/a $140,000
39LAWRENCETOWN, NS 0.420% 36 $60,814 $46,000 $171,740
40CANNING, NS 0.420% 46 $32,989 $21,166 $105,862
41LANTZ, NS 0.420% 40 $61,414 $65,750 $130,525
42PLEASANTVILLE, NS 0.420% 31 $135,166 n/a $181,571
43GRANVILLE FERRY, NS 0.368% 33 $43,345 $32,500 $171,600
44MAHONE BAY, NS 0.368% 36 $42,074 $35,000 $96,500
45BROOKFIELD, NS 0.368% 39 $40,052 $24,500 $174,957
46CAMBRIDGE STATION, NS 0.368% 36 $39,500 $34,000 $139,300
47ENFIELD, NS 0.368% 33 $57,292 n/a $220,316
48AYLESFORD, NS 0.368% 44 $30,050 $20,500 $147,400
49PUGWASH, NS 0.368% 40 $67,642 n/a $135,483
50CHESTER, NS 0.368% 42 $52,800 $29,333 $190,000

Types of Mortgage Inquiries Received from Nova Scotia


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 23.4%
First-time Home Buyer: 17.5%
New Home Purchase: 15.9%
Refinance / Debt Consolidation: 14.6%
No Money Down Mortgage (discontinued): 13.8%
Mortgage Renewal: 7.6%
Other: 7.4%
 
Total Application Types Found: 19

Age Demographics for Nova Scotia Mortgage Inquiries

Average age: 37
Oldest age: 85
Youngest age: 19


Incomes for Nova Scotia Mortgage Inquiries

The numbers below represent the average income of Canadians living in Nova Scotia who have applied for a home loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Nova Scotia: $49,114.32
applicants within all of Canada: $60,852.54
Difference: ($11,738.22)
  
mortgage co-applicants in Nova Scotia: $35,827.17
co-applicants within all of Canada: $43,965.51
Difference: ($8,138.34)

Note: Commercial loan amounts were not included for this report, only residential loans from Nova Scotia were used.

Last mortgage report update for Nova Scotia: Friday, July 1, 2016
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