Mortgage Stats and Info for Prince Edward Island, Canada

Busy Months

The following bar graph represents the volumes of applications received by Super Brokers in each month for all years combined. The busiest month for mortgages from Prince Edward Island usually occurs in January with 10.5% of applications, while our slowest is December with 5.7%.

JanFebMarAprMayJunJulAugSepOctNovDec0%3%6%9%12%
Busy Months for Mortgages in Prince Edward Island
January10.5%
June10.2%
April9.0%
May9.0%
August9.0%
February8.7%
September8.4%
March7.8%
July7.2%
October7.2%
November6.9%
December5.7%

Busy Days

The bar graph below plots 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 Prince Edward Island the busiest day, having more than 19.0% of all applications, is Monday. In comparison, Sunday is the slowest day with only 8.4% of all inquiries.

MonTueWedThuFriSatSun0%5%10%15%20%
Busy Days for Mortgages in Prince Edward Island
Monday19.0%
Tuesday17.2%
Thursday17.2%
Wednesday14.2%
Friday13.0%
Saturday11.1%
Sunday8.4%

Peak Hours

Inquiries are received 24 hours a day from the Super Brokers' web site. The time periods below indicates the rush hours for mortgage applications over a 24-hour period. 40.7% of all mortgages are received during the morning, while 59.3% arrive in the afternoon.

0%3%6%9%12%Midnight6 AMNoon6 PM
Peak Hours for Mortgages in Prince Edward Island
Midnight - 1 AM1.8%
1 AM - 2 AM1.2%
2 AM - 3 AM0.6%
3 AM - 4 AM0.3%
4 AM - 5 AM0.6%
5 AM - 6 AM0.0%
6 AM - 7 AM0.9%
7 AM - 8 AM1.8%
8 AM - 9 AM2.1%
9 AM - 10 AM3.9%
10 AM - 11 AM4.5%
11 AM - Noon6.3%
Noon - 1 PM4.8%
1 PM - 2 PM8.4%
2 PM - 3 PM6.9%
3 PM - 4 PM5.7%
4 PM - 5 PM7.8%
5 PM - 6 PM5.4%
6 PM - 7 PM6.3%
7 PM - 8 PM7.8%
8 PM - 9 PM6.0%
9 PM - 10 PM8.7%
10 PM - 11 PM3.6%
11 PM - Midnight4.2%

Busy Seasons

The chart displayed below depicts the peak seasons for Internet mortgage applications received by Super Brokers. The busiest season for mortgages within Prince Edward Island happens to occur in Summer with 26.5%, while the slow season is Autumn with 22.6%.

25.0%25.9%26.5%22.6%
  • Winter
  • Spring
  • Summer
  • Autumn
Busy Seasons for Mortgages in Prince Edward Island
Winter25.0%
Spring25.9%
Summer26.5%
Autumn22.6%

Top Cities

See more Top Cities

Average
Rank#City/Town% of InquiriesAgeIncomeCo-IncomeLoan
1Charlottetown, PE0.184%36$102K$92.9K$119K
2Summerside, PE0.048%40$35.6K$33.2K$70.9K
3Cornwall, PE0.035%37$39K$23.3K$100K
4Stratford, PE0.030%39$51.6K$35.7K$110K
5Montague, PE0.022%41$45.1K$24.9K$88.3K
6Kensington, PE0.021%38$38.8K$17.7K$66.8K
7Souris, PE0.019%39$97.1K$31.4K$91.3K
8O'leary, PE0.017%43$36.1K$13K$61.3K
9Georgetown, PE0.011%32$30.6K$20K$84.8K
10Kinkora, PE0.011%30$36.2K$33.3K$130K
11North Wiltshire, PE-34$33.9K$29.5K$48.2K
12Tignish, PE-34$31K$34K$76K
13Cardigan, PE-36$51.7K$42.5K$70K
14Wellington Station, PE-36$39.5K$30K$86.5K
15Belfast, PE-41$44.5K$23K$77.3K
16Winsloe, PE-29$63.8K$40.4K$202K
17Miscouche, PE-35$24.1K$12K$159K
18Vernon Bridge, PE-37$47K-$53K
19Murray Harbour, PE-39$47.1K$43.3K$93.3K
20Slemon Park, PE-45$47.4K$28.3K$119K
21Mount Stewart, PE-31$46.3K$41K$108K
22York, PE-35$36K$12K$85K
23Alberton, PE-35$200K$31K$70K
24Richmond, PE-40$41K$57K$50K
25Bedeque, PE-30$26.8K$24K-

Age Ranges for Mortgage Applicants

In Prince Edward Island, the median age for when people inquire about a mortgage is 34. The youngest person to apply for a mortgage with SuperBrokers was 19 years of age, inversely the oldest was 72 years young.

Prince Edward Island020406080Min Age: 19Median Age: 34Maximum Age: 72

Marital Status for Mortgage Applicants

When people in Prince Edward Island fill out a online application, they enter a marital status, and the most frequent status' they report are Married with 47.6%, Single with 22.0%, Common Law with 19.0%, Separated with 6.3%, Divorced with 4.2%, and Widowed with 0.9%.

Prince Edward Island0255075100

Mortgage Types

Of the mortgage applications in Prince Edward Island, the 3 most prominent types are Qualification with 19.6%, First-time Buyer with 19.0%, and Purchase with 18.7%.

  • Qualification
  • First-time Buyer
  • Purchase
  • Refinance
  • No Money Down
  • Other
Mortgage Inquiry Types for Mortgages in Prince Edward Island
Qualification19.6%
First-time Buyer19.0%
Purchase18.7%
Refinance16.6%
No Money Down13.6%
Other12.7%

Current Living Arrangement

When asked on a mortgage application if they rent or own and where they reside, the people of Prince Edward Island commonly respond: Rent with 50.0%, Own with 34.9%, and Live with parents with 5.7%.

Prince Edward Island0255075100
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