Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Halifax Mortgage Information

Average Mortgage Loan in Halifax: $178,596

Busy Months for Mortgage Inquiries within Halifax

The bar graph below illustrates the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Halifax occur during our first quarter (represented by the brown bars) with 29.76% while our slowest is the fourth quarter (represented by the red bars) with 19.44%.

Busy Months Report for Halifax Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 15.5%
2 August: 9.9%
3 September: 9.1%
4 May: 8.7%
5 July: 8.7%
6 October: 8.7%
RankMonth Percentage of Applications
7 March: 8.3%
8 April: 7.5%
9 June: 6.8%
10 November: 6.3%
11 February: 6.0%
12 December: 4.4%

Busy Days for Mortgage Applications within Halifax

The bar graph listed below displays the busy days for online mortgage applications that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Halifax, the day with the most volume, having more than 17.06% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 8.73% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 17.1%
2 Monday: 16.3%
3 Thursday: 15.1%
4 Wednesday: 14.7%
5 Sunday: 14.7%
6 Friday: 13.5%
7 Saturday: 8.7%
Busy Days Report for Halifax Mortgages

Peak Hours for Mortgage Applicants within Halifax

In Halifax, inquiries are received 24 hours a day via the Mortgage Super Brokers web site. The following represents the peak hours within 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: 2.0%
6AM 06:00 to 06:59: 2.0%
7AM 07:00 to 07:59: 5.6%
8AM 08:00 to 08:59: 8.3%
9AM 09:00 to 09:59: 7.9%
10AM 10:00 to 10:59: 7.5%
11AM 11:00 to 11:59: 4.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.1%
1PM 13:00 to 13:59: 5.2%
2PM 14:00 to 14:59: 5.6%
3PM 15:00 to 15:59: 4.4%
4PM 16:00 to 16:59: 6.7%
5PM 17:00 to 17:59: 10.7%
6PM 18:00 to 18:59: 7.5%
7PM 19:00 to 19:59: 4.0%
8PM 20:00 to 20:59: 2.8%
9PM 21:00 to 21:59: 3.6%
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: 21.07%
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 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 0.436%
2DARTMOUTH, NS 0.308%
3SYDNEY, NS 0.190%
4TRURO, NS 0.169%
5LOWER SACKVILLE, NS 0.111%
6AMHERST, NS 0.109%

Types of Mortgage Inquiries Received from Halifax


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 26.2%
First-time Home Buyer: 21.0%
New Home Purchase: 15.9%
No Money Down Mortgage (discontinued): 14.7%
Mortgage Renewal: 8.7%
Refinance / Debt Consolidation: 7.1%
Other: 6.4%
 
Total Application Types Found: 13

Age Demographics for Halifax Originated Mortgages

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


Incomes for Halifax Originated Mortgages

The following figures show the average income of people living in Halifax who have applied for a loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Halifax: $53,111.54
applicants within all of Canada: $60,852.54
Difference: ($7,741.00)
  
mortgage co-applicants in Halifax: $40,820.93
co-applicants within all of Canada: $43,965.51
Difference: ($3,144.58)

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


Last mortgage report update for Halifax: Friday, July 1, 2016
Mortgage Calculator
 
A Brand New Mortgage Calculator
See the effects of changing a payment schedule from monthly to bi-weekly accelerated with our new and improved mortgage calculator. It will give you a breakdown and comparison of different payment schedules, plus you can also enter pre-payments, lump sum payments and calculate the cost of mortgage insurance fees.
Brand New Mortgage Calculator
 
Brokers Compare Mortgage Rates
Think the mortgage rate that your bank offered you looks a little high? You're probably right. Unlike a with a mortgage broker, your bank won't shop around for the best rate on the market. Click or tap on the mortgage rate comparison link below and check out the difference for yourself.
Mortgage Rates