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New Minas Mortgage Information

Average Mortgage Loan in New Minas: $140,461

Peak Hours for Mortgage Applicants within New Minas

Inquiries are received 24 hours a day on our web site. The information shown below represents the peak hours in the day. The data is taken from all days of all years. Only 22.7% of all mortgages are received before noon, while 77.3% arrive in the afternoon.


Peak Hours Graph for Mortgages in New Minas
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: 0%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 0%
9AM 09:00 to 09:59: 13.6%
10AM 10:00 to 10:59: 9.1%
11AM 11:00 to 11:59: 0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.1%
1PM 13:00 to 13:59: 13.6%
2PM 14:00 to 14:59: 4.5%
3PM 15:00 to 15:59: 9.1%
4PM 16:00 to 16:59: 13.6%
5PM 17:00 to 17:59: 13.6%
6PM 18:00 to 18:59: 4.5%
7PM 19:00 to 19:59: 4.5%
8PM 20:00 to 20:59: 0%
9PM 21:00 to 21:59: 4.5%
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 New Minas Ranks in Nova Scotia for Mortgage Business

The following table lists how New Minas 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
12WOLFVILLE, NS 0.045%
13NORTH SYDNEY, NS 0.045%
14NEW GLASGOW, NS 0.043%
15LIVERPOOL, NS 0.043%
16PICTOU, NS 0.041%
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%

Types of Mortgage Inquiries Received from New Minas


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 36.4%
No Money Down Mortgage (discontinued): 22.7%
Refinance / Debt Consolidation: 13.6%
Mortgage Pre-approval: 13.6%
Commercial: 9.1%
New Home Purchase: 4.5%
 
Total Application Types Found: 6

Age Demographics for New Minas Mortgages

Average age: 36
Oldest age: 66
Youngest age: 21


Incomes for New Minas Mortgages

The amounts below are the average income of applicants living in New Minas who have applied for a loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in New Minas: $41,260.48
applicants within all of Canada: $60,852.54
Difference: ($19,592.07)
  
mortgage co-applicants in New Minas: $23,362.50
co-applicants within all of Canada: $43,965.51
Difference: ($20,603.01)

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


Last mortgage report update for New Minas: Friday, July 1, 2016
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