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Nova Scotia Mortgage Information

Busy Months for Mortgages in Nova Scotia

The graph below illustrates the volumes of 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 29.35% while our slowest is the fourth quarter (represented by the red bars) with 19.07%.

Busy Months Report for Nova Scotia Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 10.0%
2 February: 10.0%
3 March: 9.4%
4 August: 9.3%
5 May: 9.2%
6 April: 9.0%
RankMonth Percentage of Applications
7 July: 9.0%
8 June: 7.9%
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 listed below shows the busy days for mortgage inquiries that were received by Super Brokers' web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Nova Scotia the busiest day of the week, with 18.02% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 9.38% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 18.0%
2 Tuesday: 16.9%
3 Wednesday: 15.8%
4 Thursday: 15.3%
5 Friday: 12.3%
6 Sunday: 12.3%
7 Saturday: 9.4%
Busy Days Report for Nova Scotia Mortgages

Peak Hours for Nova Scotia Mortgage Applications

Applications are received 24 hours a day from the Super Brokers' web site. The following indicates the rush hours in the day. 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: 4.0%
7AM 07:00 to 07:59: 5.3%
8AM 08:00 to 08:59: 6.6%
9AM 09:00 to 09:59: 6.3%
10AM 10:00 to 10:59: 7.1%
11AM 11:00 to 11:59: 7.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.7%
1PM 13:00 to 13:59: 6.8%
2PM 14:00 to 14:59: 4.7%
3PM 15:00 to 15:59: 5.0%
4PM 16:00 to 16:59: 6.0%
5PM 17:00 to 17:59: 9.0%
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: 2.1%
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: 643.2%
British Columbia: 315.2%
Manitoba: 60.4%
New Brunswick: 76.3%
Newfoundland and Labrador: 39.3%
Nova Scotia: 100.0%
Northwest Territories: 14.8%
Nunavut: 2.9%
Ontario: 1437.2%
Prince Edward Island: 15.3%
Quebec: 119.7%
Saskatchewan: 153.6%
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
Home Loan
1HALIFAX, NS 13.435% 35 $53,139 $40,720 $179,060
2DARTMOUTH, NS 9.273% 38 $54,819 $38,973 $150,314
3SYDNEY, NS 5.848% 36 $50,366 $33,757 $119,768
4TRURO, NS 5.163% 37 $43,216 $37,132 $130,733
5LOWER SACKVILLE, NS 3.372% 36 $46,911 $39,119 $143,248
6AMHERST, NS 3.319% 39 $37,206 $32,626 $90,731
7YARMOUTH, NS 2.740% 38 $46,811 $26,702 $112,848
8GLACE BAY, NS 2.213% 38 $50,091 $33,100 $89,153
9KENTVILLE, NS 1.633% 38 $46,103 $25,288 $136,211
10BRIDGEWATER, NS 1.633% 34 $40,879 $41,463 $150,277
11WOLFVILLE, NS 1.423% 44 $63,991 $52,466 $196,215
12BEDFORD, NS 1.370% 36 $78,303 $34,733 $176,201
13NEW GLASGOW, NS 1.317% 36 $40,850 $24,571 $89,457
14LIVERPOOL, NS 1.317% 38 $35,341 $25,240 $103,685
15NORTH SYDNEY, NS 1.317% 36 $41,266 $40,935 $94,450
16PICTOU, NS 1.264% 36 $37,636 $26,400 $84,515
17NEW MINAS, NS 1.106% 36 $41,923 $23,362 $140,723
18SYDNEY MINES, NS 1.001% 34 $82,139 $26,666 $136,382
19ANTIGONISH, NS 1.001% 37 $50,400 $24,783 $128,837
20NEW WATERFORD, NS 0.948% 35 $37,956 $28,909 $82,678
21CENTREVILLE, NS 0.896% 37 $38,255 $30,589 $104,266
22EASTERN PASSAGE, NS 0.896% 34 $47,385 $38,833 $111,857
23TIMBERLEA, NS 0.790% 39 $44,131 $34,587 $200,727
24SHEARWATER, NS 0.738% 35 $56,814 $14,000 $162,590
25WINDSOR, NS 0.685% 36 $39,100 $99,776 $148,981
26BERWICK, NS 0.632% 40 $46,668 $30,725 $123,337
27STELLARTON, NS 0.632% 40 $40,850 $27,571 $73,492
28GREENWOOD, NS 0.632% 34 $55,398 $15,200 $126,709
29SHELBURNE, NS 0.632% 32 $54,036 $39,533 $114,545
30DIGBY, NS 0.580% 38 $36,016 $22,236 $87,230
31WESTVILLE, NS 0.580% 43 $47,280 $70,000 $72,777
32HAMMONDS PLAINS, NS 0.527% 38 $66,222 $51,200 $194,430
33KINGSTON, NS 0.527% 37 $49,394 $19,029 $130,396
34SPRINGHILL, NS 0.527% 35 $35,869 $16,544 $81,580
35DEBERT, NS 0.527% 39 $30,358 $31,500 $106,190
36MIDDLETON, NS 0.527% 40 $39,572 $29,433 $87,287
37PORT HAWKESBURY, NS 0.474% 46 $37,033 $30,491 $77,179
38HUBBARDS, NS 0.421% 38 $83,857 n/a $140,000
39PLEASANTVILLE, NS 0.421% 31 $135,166 n/a $181,571
40LAWRENCETOWN, NS 0.421% 36 $60,814 $46,000 $171,740
41CANNING, NS 0.421% 46 $32,989 $21,166 $105,862
42LANTZ, NS 0.421% 40 $61,414 $65,750 $130,525
43GRANVILLE FERRY, NS 0.369% 33 $43,345 $32,500 $171,600
44MAHONE BAY, NS 0.369% 36 $42,074 $35,000 $96,500
45BROOKFIELD, NS 0.369% 39 $40,052 $24,500 $174,957
46CAMBRIDGE STATION, NS 0.369% 36 $39,500 $34,000 $139,300
47ENFIELD, NS 0.369% 33 $57,292 n/a $220,316
48AYLESFORD, NS 0.369% 44 $30,050 $20,500 $147,400
49PUGWASH, NS 0.369% 40 $67,642 n/a $135,483
50CHESTER, NS 0.369% 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: 23.2%
First-time Home Buyer: 17.3%
New Home Purchase: 15.9%
Refinance / Debt Consolidation: 14.7%
No Money Down Mortgage (discontinued): 13.8%
Mortgage Renewal: 7.7%
Other: 7.5%
 
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 amounts shown below represent the average income of Canadians living in Nova Scotia 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 Nova Scotia: $49,336.88
applicants within all of Canada: $60,841.69
Difference: ($11,504.81)
  
mortgage co-applicants in Nova Scotia: $35,871.39
co-applicants within all of Canada: $44,024.91
Difference: ($8,153.51)

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

Last mortgage report update for Nova Scotia: Wednesday, May 20, 2015
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Nova Scotia
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Yarmouth.

Mortgage Product Type Inquiries
No Money Down discontinued21.15%
First-time Home Buyer21.15%
Refinance/Consolidate Debt21.15%
Mortgage Pre-approval17.31%
New Purchase11.54%
Other7.68%