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Glace Bay Mortgage Information

Average Mortgage Loan in Glace Bay: $90,052

Busy Days for Mortgage Applications within Glace Bay

The bar graph below illustrates the busy days for online inquiries that were received by Super Brokers. Each day represents a combined total of all occurrences of that day in the past 5 years. In Glace Bay the busiest day, with 24.39% of all applications, is Monday. In comparison, Sunday's are the slowest day with only 7.32% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 24.4%
2 Tuesday: 21.9%
3 Wednesday: 17.1%
4 Thursday: 12.2%
5 Saturday: 9.8%
6 Friday: 7.3%
7 Sunday: 7.3%
Busy Days Report for Glace Bay Mortgages

Peak Hours for Mortgage Applicants within Glace Bay

In Glace Bay, mortgage applications are received 24 hours a day on the Super Brokers web site. The statistics shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years.

Peak Hours Graph for Mortgages in Glace Bay
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%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 2.4%
7AM 07:00 to 07:59: 9.8%
8AM 08:00 to 08:59: 9.8%
9AM 09:00 to 09:59: 2.4%
10AM 10:00 to 10:59: 12.2%
11AM 11:00 to 11:59: 0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.9%
1PM 13:00 to 13:59: 4.9%
2PM 14:00 to 14:59: 7.3%
3PM 15:00 to 15:59: 7.3%
4PM 16:00 to 16:59: 2.4%
5PM 17:00 to 17:59: 14.6%
6PM 18:00 to 18:59: 9.8%
7PM 19:00 to 19:59: 4.9%
8PM 20:00 to 20:59: 7.3%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 0%

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 Glace Bay Ranks in Nova Scotia for Mortgage Business

The following table lists how Glace Bay 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
3SYDNEY, NS 0.190%
4TRURO, NS 0.169%
6AMHERST, NS 0.109%
7YARMOUTH, NS 0.090%
8GLACE BAY, NS 0.071%
11BEDFORD, NS 0.047%
12WOLFVILLE, NS 0.045%

Types of Mortgage Inquiries Received from Glace Bay

Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 22.0%
Refinance / Debt Consolidation: 19.5%
No Money Down Mortgage (discontinued): 19.5%
Mortgage Pre-approval: 17.1%
New Home Purchase: 14.6%
Other: 7.2%
Total Application Types Found: 8

Age Demographics for Glace Bay Mortgage Applicants

Average age: 39
Oldest age: 61
Youngest age: 22

Incomes for Glace Bay Mortgage Applicants

The amounts below are the average income of applicants living in Glace Bay who have applied for a loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Glace Bay: $50,337.24
applicants within all of Canada: $60,852.54
Difference: ($10,515.30)
mortgage co-applicants in Glace Bay: $33,100.00
co-applicants within all of Canada: $43,965.51
Difference: ($10,865.51)

Note: Commercial Mortgage loans were not included for this section, only residential loans from Glace Bay, Nova Scotia were used.

Last mortgage report update for Glace Bay: Friday, July 1, 2016
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