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Eastern Passage Mortgage Information

Average Mortgage Loan in Eastern Passage: $111,857

Nova Scotia 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 Eastern Passage Ranks in Nova Scotia for Mortgage Business

The following table lists how Eastern Passage 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
17NEW MINAS, NS 0.038%
18SYDNEY MINES, NS 0.033%
19ANTIGONISH, NS 0.033%
20CENTREVILLE, NS 0.031%
21NEW WATERFORD, NS 0.031%
22EASTERN PASSAGE, NS 0.029%
23TIMBERLEA, NS 0.026%
24SHEARWATER, NS 0.024%
25WINDSOR, NS 0.022%
26STELLARTON, NS 0.021%
27BERWICK, NS 0.021%

Types of Mortgage Inquiries Received from Eastern Passage


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 29.4%
Refinance / Debt Consolidation: 23.5%
First-time Home Buyer: 17.6%
Mortgage Renewal: 11.8%
New Home Purchase: 5.9%
Home Renovation: 5.9%
No Money Down Mortgage (discontinued): 5.9%
 
Total Application Types Found: 7

Age Demographics for Eastern Passage Applicants

Average age: 34
Oldest age: 47
Youngest age: 24


Incomes for Eastern Passage Applicants

The numbers below represent the average income of Canadians living in Eastern Passage who have submitted an inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Eastern Passage: $47,385.29
applicants within all of Canada: $60,852.54
Difference: ($13,467.25)
  
mortgage co-applicants in Eastern Passage: $38,833.33
co-applicants within all of Canada: $43,965.51
Difference: ($5,132.18)

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loans from Eastern Passage, Nova Scotia were used.


Last mortgage report update for Eastern Passage: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Halifax.

Mortgage Product Type Inquiries
Mortgage Pre-approval26.19%
First-time Home Buyer21.03%
New Purchase15.87%
No Money Down discontinued14.68%
Mortgage Renewal8.73%
Refinance/Consolidate Debt7.14%
Other6.36%