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Truro Mortgage Information

Average Mortgage Loan in Truro: $130,123

Busy Months for Mortgage Applications within Truro

This graph depicts the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Truro happen to occur during our second quarter (represented by the green bars) with 29.59% while our slowest is the fourth quarter (represented by the red bars) with 20.41%.

Busy Months Report for Truro Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 October: 14.3%
2 August: 13.3%
3 June: 12.2%
4 February: 10.2%
5 April: 9.2%
6 September: 9.2%
RankMonth Percentage of Applications
7 May: 8.2%
8 March: 7.1%
9 July: 6.1%
10 November: 4.1%
11 January: 4.1%
12 December: 2.0%

Busy Days for Online Applications within Truro

The graph listed below shows the busy days for mortgage inquiries that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Truro, the day with the most volume, having more than 25.51% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 9.18% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 25.5%
2 Sunday: 15.3%
3 Wednesday: 14.3%
4 Tuesday: 12.2%
5 Friday: 12.2%
6 Thursday: 11.2%
7 Saturday: 9.2%
Busy Days Report for Truro Mortgages

Peak Hours for Based Mortgages within Truro

In Truro, inquiries are received 24 hours a day from the Mortgage Super Brokers web site. The graph shown below represents the rush hours within a 24-hour period. The data is taken from all days of all years. Only 39.8% of all mortgages are received during the morning, while 57.1% arrive in the afternoon.


Peak Hours Graph for Mortgages in Truro
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: 1.0%
4AM 04:00 to 04:59: 2.0%
5AM 05:00 to 05:59: 5.1%
6AM 06:00 to 06:59: 6.1%
7AM 07:00 to 07:59: 4.1%
8AM 08:00 to 08:59: 6.1%
9AM 09:00 to 09:59: 4.1%
10AM 10:00 to 10:59: 2.0%
11AM 11:00 to 11:59: 12.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.2%
1PM 13:00 to 13:59: 8.2%
2PM 14:00 to 14:59: 4.1%
3PM 15:00 to 15:59: 12.2%
4PM 16:00 to 16:59: 4.1%
5PM 17:00 to 17:59: 5.1%
6PM 18:00 to 18:59: 8.2%
7PM 19:00 to 19:59: 2.0%
8PM 20:00 to 20:59: 2.0%
9PM 21:00 to 21:59: 1.0%
10PM 22:00 to 22:59: 1.0%
11PM 23:00 to 23:59: 1.0%

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 Truro Ranks in Nova Scotia for Mortgage Business

The following table lists how Truro 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%
9KENTVILLE, NS 0.054%

Types of Mortgage Inquiries Received from Truro


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.4%
No Money Down Mortgage (discontinued): 20.4%
New Home Purchase: 18.4%
First-time Home Buyer: 16.3%
Refinance / Debt Consolidation: 14.3%
Commercial: 4.1%
Other: 4%
 
Total Application Types Found: 9

Age Demographics for Truro Based Mortgages

Average age: 37
Oldest age: 61
Youngest age: 19


Incomes for Truro Based Mortgages

The amounts shown below represent the average income of people living in Truro who have applied for a mortgage loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Truro: $43,302.89
applicants within all of Canada: $60,852.54
Difference: ($17,549.65)
  
mortgage co-applicants in Truro: $37,469.06
co-applicants within all of Canada: $43,965.51
Difference: ($6,496.46)

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


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