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New Waterford Mortgage Information

Average Mortgage Loan in New Waterford: $82,678

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 Waterford Ranks in Nova Scotia for Mortgage Business

The following table lists how New Waterford 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
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%
23TIMBERLEA, NS 0.026%
24SHEARWATER, NS 0.024%
25WINDSOR, NS 0.022%
26STELLARTON, NS 0.021%

Types of Mortgage Inquiries Received from New Waterford


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 27.8%
First-time Home Buyer: 22.2%
Mortgage Pre-approval: 16.7%
No Money Down Mortgage (discontinued): 16.7%
New Home Purchase: 11.1%
Mortgage Renewal: 5.6%
 
Total Application Types Found: 6

Age Demographics for New Waterford Applicants

Average age: 35
Oldest age: 58
Youngest age: 22


Incomes for New Waterford Applicants

The following figures show the average income of Canadians living in New Waterford who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in New Waterford: $37,956.53
applicants within all of Canada: $60,852.54
Difference: ($22,896.01)
  
mortgage co-applicants in New Waterford: $28,909.33
co-applicants within all of Canada: $43,965.51
Difference: ($15,056.18)

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loan amounts were used.


Last mortgage report update for New Waterford: 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 Yarmouth.

Mortgage Product Type Inquiries
No Money Down discontinued21.15%
First-time Home Buyer21.15%
Refinance/Consolidate Debt21.15%
Mortgage Pre-approval17.31%
New Purchase11.54%
Other7.68%