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Sydney Mortgage Information

Average Mortgage Loan in Sydney: $119,209

Busy Months for Applications within Sydney

The following shows the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Sydney usually occur during our second quarter (represented by the green bars) with 33.64% while our slowest is the fourth quarter (represented by the red bars) with 14.55%.

Busy Months Report for Sydney Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 12.7%
2 January: 11.8%
3 June: 11.8%
4 February: 10.9%
5 March: 10.0%
6 April: 9.1%
RankMonth Percentage of Applications
7 July: 8.2%
8 October: 7.3%
9 November: 6.4%
10 August: 5.5%
11 September: 5.5%
12 December: 0.9%

Busy Days for Online Applications within Sydney

The information below compares the busy days for Internet applications that were received by the Super Brokers web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Sydney the busiest day, with 19.09% of all applications, is Sunday. In comparison, Friday's are the slowest day with only 10.91% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Sunday: 19.1%
2 Monday: 17.3%
3 Thursday: 15.4%
4 Wednesday: 12.7%
5 Saturday: 12.7%
6 Tuesday: 11.8%
7 Friday: 10.9%
Busy Days Report for Sydney Mortgages

Peak Hours for Mortgage Applicants within Sydney

Applications are received 24 hours a day from our web site. The time periods below represents the peak hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Sydney
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.9%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0.9%
3AM 03:00 to 03:59: 1.8%
4AM 04:00 to 04:59: 2.7%
5AM 05:00 to 05:59: 2.7%
6AM 06:00 to 06:59: 4.5%
7AM 07:00 to 07:59: 5.5%
8AM 08:00 to 08:59: 4.5%
9AM 09:00 to 09:59: 2.7%
10AM 10:00 to 10:59: 10.0%
11AM 11:00 to 11:59: 7.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.5%
1PM 13:00 to 13:59: 3.6%
2PM 14:00 to 14:59: 4.5%
3PM 15:00 to 15:59: 9.1%
4PM 16:00 to 16:59: 7.3%
5PM 17:00 to 17:59: 7.3%
6PM 18:00 to 18:59: 5.5%
7PM 19:00 to 19:59: 2.7%
8PM 20:00 to 20:59: 4.5%
9PM 21:00 to 21:59: 2.7%
10PM 22:00 to 22:59: 3.6%
11PM 23:00 to 23:59: 0.9%

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 Sydney Ranks in Nova Scotia for Mortgage Business

The following table lists how 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
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%
7YARMOUTH, NS 0.090%
8GLACE BAY, NS 0.071%

Types of Mortgage Inquiries Received from Sydney


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 36.4%
First-time Home Buyer: 18.2%
No Money Down Mortgage (discontinued): 15.5%
New Home Purchase: 13.6%
Refinance / Debt Consolidation: 9.1%
Other: 7.2%
 
Total Application Types Found: 12

Age Demographics for Sydney Applicants

Average age: 35
Oldest age: 85
Youngest age: 21


Incomes for Sydney Applicants

The amounts below are the average income of applicants living in Sydney who have submitted an inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Sydney: $49,101.20
applicants within all of Canada: $60,852.54
Difference: ($11,751.34)
  
mortgage co-applicants in Sydney: $33,757.73
co-applicants within all of Canada: $43,965.51
Difference: ($10,207.78)

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


Last mortgage report update for Sydney: Friday, July 1, 2016
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