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North Sydney Mortgage Information

Average Mortgage Loan in North Sydney: $92,666

Busy Days for Online Applications within North Sydney

The information below displays the busy days for online applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In North Sydney, the day with the most volume, having more than 34.62% of all inquiries, is Sunday. In comparison, Tuesday's are the slowest day with only 11.54% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Sunday: 34.6%
2 Monday: 19.2%
3 Saturday: 19.2%
4 Wednesday: 15.4%
5 Tuesday: 11.5%
Busy Days Report for North Sydney Mortgages

Note: Only days that have had morgages from North Sydney, NS are shown.

Peak Hours for Mortgages within North Sydney

In North Sydney, mortgages are received 24 hours a day via our web site. The graph 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 North Sydney
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: 3.8%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 11.5%
7AM 07:00 to 07:59: 7.7%
8AM 08:00 to 08:59: 3.8%
9AM 09:00 to 09:59: 0%
10AM 10:00 to 10:59: 3.8%
11AM 11:00 to 11:59: 3.8%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 11.5%
1PM 13:00 to 13:59: 0%
2PM 14:00 to 14:59: 3.8%
3PM 15:00 to 15:59: 3.8%
4PM 16:00 to 16:59: 0%
5PM 17:00 to 17:59: 7.7%
6PM 18:00 to 18:59: 15.4%
7PM 19:00 to 19:59: 7.7%
8PM 20:00 to 20:59: 3.8%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 11.5%

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 North Sydney Ranks in Nova Scotia for Mortgage Business

The following table lists how North Sydney 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
8GLACE BAY, NS 0.071%
9KENTVILLE, NS 0.054%
10BRIDGEWATER, NS 0.054%
11BEDFORD, NS 0.047%
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%

Types of Mortgage Inquiries Received from North Sydney


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 30.8%
No Money Down Mortgage (discontinued): 23.1%
New Home Purchase: 19.2%
Mortgage Pre-approval: 19.2%
Other: 7.6%
 
Total Application Types Found: 6

Age Demographics for North Sydney Mortgages

Average age: 36
Oldest age: 45
Youngest age: 21


Incomes for North Sydney Mortgages

The information below represents the average income of Canadians living in North Sydney who have applied for a loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in North Sydney: $40,735.68
applicants within all of Canada: $60,852.54
Difference: ($20,116.86)
  
mortgage co-applicants in North Sydney: $39,062.09
co-applicants within all of Canada: $43,965.51
Difference: ($4,903.42)

Note: Commercial Mortgages were not included for this section, only residential mortgages from North Sydney, Nova Scotia were used.


Last mortgage report update for North Sydney: 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 Sydney.

Mortgage Product Type Inquiries
Mortgage Pre-approval36.36%
First-time Home Buyer18.18%
No Money Down discontinued15.45%
New Purchase13.64%
Refinance/Consolidate Debt9.09%
Other7.28%