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Yarmouth Mortgage Information

Average Mortgage Loan in Yarmouth: $112,848

Busy Months for Online Mortgages within Yarmouth

The following bar graph represents the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Yarmouth usually occur during our third quarter (represented by the blue bars) with 32.69% while our slowest is the fourth quarter (represented by the red bars) with 13.46%.

Busy Months Report for Yarmouth Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 17.3%
2 May: 13.5%
3 August: 13.5%
4 September: 11.5%
5 June: 9.6%
6 February: 7.7%
RankMonth Percentage of Applications
7 July: 7.7%
8 November: 5.8%
9 April: 5.8%
10 December: 3.9%
11 October: 3.9%
12 January: 1.0%

Busy Days for Mortgages Received within Yarmouth

The graph below shows the busy days for Internet mortgage applications that were received by the Super Brokers web site. Each day is a representation of the combined 6-year total of all instances of that day. In Yarmouth the most busy day of the week, with 25.00% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 7.69% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 25.0%
2 Friday: 23.1%
3 Monday: 13.5%
4 Thursday: 11.5%
5 Saturday: 11.5%
6 Wednesday: 7.7%
7 Sunday: 7.7%
Busy Days Report for Yarmouth Mortgages

Peak Hours for Mortgage Applicants within Yarmouth

In Yarmouth, mortgage applications are received 24 hours a day on the Mortgage Super Brokers web site. The report shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 46.2% of all mortgages are received before noon, while 50.0% arrive in the afternoon.


Peak Hours Graph for Mortgages in Yarmouth
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: 1.9%
4AM 04:00 to 04:59: 1.9%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 7.7%
7AM 07:00 to 07:59: 5.8%
8AM 08:00 to 08:59: 5.8%
9AM 09:00 to 09:59: 7.7%
10AM 10:00 to 10:59: 7.7%
11AM 11:00 to 11:59: 11.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.8%
1PM 13:00 to 13:59: 9.6%
2PM 14:00 to 14:59: 5.8%
3PM 15:00 to 15:59: 3.8%
4PM 16:00 to 16:59: 0%
5PM 17:00 to 17:59: 5.8%
6PM 18:00 to 18:59: 3.8%
7PM 19:00 to 19:59: 7.7%
8PM 20:00 to 20:59: 3.8%
9PM 21:00 to 21:59: 1.9%
10PM 22:00 to 22:59: 1.9%
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 Yarmouth Ranks in Nova Scotia for Mortgage Business

The following table lists how Yarmouth 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
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%
10BRIDGEWATER, NS 0.054%
11BEDFORD, NS 0.047%
12WOLFVILLE, NS 0.045%

Types of Mortgage Inquiries Received from Yarmouth


Type of Mortgage Application Form Selected  Percentage
of Inquiries
No Money Down Mortgage (discontinued): 21.2%
First-time Home Buyer: 21.2%
Refinance / Debt Consolidation: 21.2%
Mortgage Pre-approval: 17.3%
New Home Purchase: 11.5%
Other: 7.6%
 
Total Application Types Found: 9

Age Demographics for Yarmouth Mortgage Applicants

Average age: 38
Oldest age: 60
Youngest age: 23


Incomes for Yarmouth Mortgage Applicants

The amounts shown below represent the average income of Canadians living in Yarmouth who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Yarmouth: $46,811.02
applicants within all of Canada: $60,852.54
Difference: ($14,041.52)
  
mortgage co-applicants in Yarmouth: $26,702.64
co-applicants within all of Canada: $43,965.51
Difference: ($17,262.88)

Note: Commercial Mortgage loans were not included for this report, only residential mortgages from Yarmouth, Nova Scotia were used.


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