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Halifax Mortgage Information

Average Mortgage Loan in Halifax: $179,722

Busy Months for Mortgages Received within Halifax

The following depicts the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Halifax mostly occur during our first quarter (represented by the brown bars) with 29.96% while our slowest is the fourth quarter (represented by the red bars) with 19.07%.

Busy Months Report for Halifax Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 15.6%
2 August: 9.7%
3 May: 8.9%
4 July: 8.9%
5 September: 8.9%
6 October: 8.6%
RankMonth Percentage of Applications
7 March: 8.2%
8 April: 7.8%
9 June: 6.6%
10 November: 6.2%
11 February: 6.2%
12 December: 4.3%

Busy Days for Mortgage Inquiries within Halifax

The data below displays the busy days for mortgage applications that were received by Super Brokers' web site. A combined total of all occurrences of each day are represented for the past 5 years. In Halifax the busiest day, with 17.12% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 8.95% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 17.1%
2 Monday: 15.9%
3 Thursday: 15.2%
4 Wednesday: 14.8%
5 Sunday: 14.4%
6 Friday: 13.6%
7 Saturday: 8.9%
Busy Days Report for Halifax Mortgages

Peak Hours for Based Mortgages within Halifax

In Halifax, mortgage applications are received 24 hours a day on our web site. The time periods below indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 37.7% of all mortgages are received during the morning, while 59.1% arrive in the afternoon.


Peak Hours Graph for Mortgages in Halifax
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0.4%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 1.6%
4AM 04:00 to 04:59: 1.2%
5AM 05:00 to 05:59: 1.9%
6AM 06:00 to 06:59: 1.9%
7AM 07:00 to 07:59: 5.8%
8AM 08:00 to 08:59: 8.2%
9AM 09:00 to 09:59: 8.2%
10AM 10:00 to 10:59: 7.4%
11AM 11:00 to 11:59: 4.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.0%
1PM 13:00 to 13:59: 5.1%
2PM 14:00 to 14:59: 5.4%
3PM 15:00 to 15:59: 4.3%
4PM 16:00 to 16:59: 7.0%
5PM 17:00 to 17:59: 10.9%
6PM 18:00 to 18:59: 7.4%
7PM 19:00 to 19:59: 3.9%
8PM 20:00 to 20:59: 3.1%
9PM 21:00 to 21:59: 3.5%
10PM 22:00 to 22:59: 0.8%
11PM 23:00 to 23:59: 0.8%

Nova Scotia Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.18%
British Columbia: 10.35%
Manitoba: 2.00%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.48%
Nunavut: 0.09%
Ontario: 47.21%
Prince Edward Island: 0.50%
Quebec: 3.93%
Saskatchewan: 5.06%
Yukon: 0.47%

How Halifax Ranks in Nova Scotia for Mortgage Business

The following table lists how Halifax 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
1HALIFAX, NS 0.443%
2DARTMOUTH, NS 0.304%
3SYDNEY, NS 0.193%
4TRURO, NS 0.169%
5AMHERST, NS 0.110%
6LOWER SACKVILLE, NS 0.110%

Types of Mortgage Inquiries Received from Halifax


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 25.7%
First-time Home Buyer: 21.0%
New Home Purchase: 17.1%
No Money Down Mortgage (discontinued): 14.4%
Mortgage Renewal: 8.6%
Refinance / Debt Consolidation: 7.0%
Other: 6.4%
 
Total Application Types Found: 13

Age Demographics for Halifax Applicants

Average age: 35
Oldest age: 66
Youngest age: 20


Incomes for Halifax Applicants

The numbers below represent the average income of applicants living in Halifax who have applied for a loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Halifax: $53,134.38
applicants within all of Canada: $60,871.80
Difference: ($7,737.42)
  
mortgage co-applicants in Halifax: $41,105.85
co-applicants within all of Canada: $44,075.54
Difference: ($2,969.68)

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


Last mortgage report update for Halifax: Thursday, August 13, 2015
Mortgage Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for customers in the province of Nova Scotia.

Mortgage Product Type Inquiries
Mortgage Pre-approval23.21%
First-time Home Buyer17.39%
New Purchase16.08%
Refinance/Consolidate Debt14.67%
No Money Down discontinued13.72%
Mortgage Renewal7.65%
Other7.27%
 
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