Prince Edward Island Mortgage Information
Busy Months for Mortgages in Prince Edward Island
The 6-year bar graph below illustrates the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages occur during our first quarter (represented by the brown bars) with 27.89% while our slowest is the fourth quarter (represented by the red bars) with 20.07%.

Rankings for Busy Mortgage Months
Rank | Month | Percentage of Applications | |
---|---|---|---|
1 | January: | 11.2% | |
2 | June: | 10.2% | |
3 | April: | 9.2% | |
4 | August: | 9.2% | |
5 | February: | 8.8% | |
6 | May: | 8.5% |
Rank | Month | Percentage of Applications | |
---|---|---|---|
7 | September: | 8.5% | |
8 | March: | 7.8% | |
9 | October: | 7.5% | |
10 | November: | 6.5% | |
11 | July: | 6.5% | |
12 | December: | 6.1% |
Busy Days for Mortgages in Prince Edward Island
The data below compares the busy days for 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 Prince Edward Island the busiest day, with 20.07% of all submissions, is Thursday. In comparison, Sunday's are the slowest day with only 8.84% of all inquiries.
Rank | Day of the Week | Percentage of Applications |
---|---|---|
1 | Thursday: | 20.1% |
2 | Monday: | 18.7% |
3 | Tuesday: | 16.0% |
4 | Friday: | 12.9% |
5 | Wednesday: | 12.9% |
6 | Saturday: | 10.5% |
7 | Sunday: | 8.8% |

Peak Hours for Prince Edward Island Mortgage Applications
In Prince Edward Island, applications are received 24 hours a day from our web site. The following represents the busy hours in the day. The data is taken from all days of all years.

Time | Period (24 Hour) | Percentage of Applications |
---|---|---|
12AM | 00:00 to 00:59: | 0.3% |
1AM | 01:00 to 01:59: | 0.7% |
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: | 2.0% |
6AM | 06:00 to 06:59: | 4.8% |
7AM | 07:00 to 07:59: | 3.7% |
8AM | 08:00 to 08:59: | 5.8% |
9AM | 09:00 to 09:59: | 5.4% |
10AM | 10:00 to 10:59: | 8.2% |
11AM | 11:00 to 11:59: | 6.8% |
Time | Period (24 Hour) | Percentage of Applications |
---|---|---|
Lunch | 12:00 to 12:59: | 6.1% |
1PM | 13:00 to 13:59: | 8.2% |
2PM | 14:00 to 14:59: | 5.4% |
3PM | 15:00 to 15:59: | 6.5% |
4PM | 16:00 to 16:59: | 6.8% |
5PM | 17:00 to 17:59: | 6.5% |
6PM | 18:00 to 18:59: | 8.8% |
7PM | 19:00 to 19:59: | 3.4% |
8PM | 20:00 to 20:59: | 3.7% |
9PM | 21:00 to 21:59: | 2.0% |
10PM | 22:00 to 22:59: | 1.4% |
11PM | 23:00 to 23:59: | 0.3% |
Prince Edward Island Mortgage Originations Compared to all other Provinces and Territories
Online Mortgage Origination for the Province or Territory of | Percentage in Comparison |
---|---|
Alberta: | 4146.3% |
British Columbia: | 2045.9% |
Manitoba: | 394.2% |
New Brunswick: | 496.9% |
Newfoundland and Labrador: | 256.1% |
Nova Scotia: | 647.6% |
Northwest Territories: | 96.3% |
Nunavut: | 19.0% |
Ontario: | 9307.1% |
Prince Edward Island: | 100.0% |
Quebec: | 774.8% |
Saskatchewan: | 991.2% |
Yukon: | 92.9% |
Top Producing Cities / Towns for Mortgages in Prince Edward Island
Rank | City or Town within Prince Edward Island | Percentage of Inquiries | Avg Age | Average Income | Average Co-Income | Average Home Loan |
---|---|---|---|---|---|---|
1 | CHARLOTTETOWN, PE | 37.075% | 36 | $44,815 | $30,851 | $128,741 |
2 | SUMMERSIDE, PE | 7.823% | 37 | $40,857 | $34,062 | $110,789 |
3 | STRATFORD, PE | 6.803% | 39 | $56,278 | $60,300 | $127,473 |
4 | CORNWALL, PE | 6.122% | 38 | $43,882 | $27,428 | $104,740 |
5 | MONTAGUE, PE | 4.422% | 41 | $46,934 | $30,737 | $110,125 |
6 | SOURIS, PE | 3.741% | 39 | $41,043 | $35,245 | $102,454 |
7 | O'LEARY, PE | 3.401% | 45 | $37,500 | $15,000 | $77,500 |
8 | KENSINGTON, PE | 2.721% | 40 | $41,211 | n/a | $101,028 |
9 | GEORGETOWN, PE | 2.381% | 32 | $35,500 | n/a | $83,166 |
10 | KINKORA, PE | 2.041% | 31 | $38,000 | $33,250 | $129,483 |
11 | CARDIGAN, PE | 1.701% | 37 | $51,700 | n/a | $135,975 |
12 | NORTH WILTSHIRE, PE | 1.361% | 34 | $33,750 | $29,500 | $41,500 |
13 | TIGNISH, PE | 1.361% | 30 | $31,250 | n/a | $84,225 |
14 | WELLINGTON STATION, PE | 1.361% | 37 | $39,500 | n/a | $92,166 |
15 | MISCOUCHE, PE | 1.361% | 35 | $24,100 | n/a | $84,225 |
16 | YORK, PE | 1.020% | 35 | $35,973 | n/a | $118,333 |
17 | MOUNT STEWART, PE | 1.020% | 31 | $57,680 | $41,000 | $108,333 |
18 | WINSLOE, PE | 0.680% | 28 | $82,500 | n/a | $140,000 |
19 | ALBANY, PE | 0.680% | 42 | $35,000 | n/a | $62,450 |
20 | MURRAY HARBOUR, PE | 0.680% | 45 | $50,119 | $47,500 | $59,900 |
21 | VICTORIA, PE | 0.680% | 55 | $17,500 | n/a | $47,056 |
22 | NEW LONDON, PE | 0.680% | 35 | $28,000 | n/a | $50,000 |
23 | SLEMON PARK, PE | 0.680% | 49 | $55,640 | n/a | $89,900 |
24 | BELFAST, PE | 0.680% | 41 | $34,750 | n/a | $77,250 |
25 | ALBERTON, PE | 0.680% | 43 | $197,500 | n/a | $84,000 |
26 | VERNON BRIDGE, PE | 0.680% | 38 | $20,500 | n/a | $76,500 |
27 | ST-PETERS BAY, PE | 0.680% | 48 | $36,000 | n/a | $32,500 |
28 | HUNTER RIVER, PE | 0.680% | 37 | $49,800 | $50,000 | $242,500 |
29 | CENTRAL BEDEQUE, PE | 0.680% | 38 | n/a | n/a | $37,500 |
30 | RICHMOND, PE | 0.680% | 40 | $41,000 | n/a | $50,000 |
Types of Mortgage Inquiries Received from Prince Edward Island
Type of Mortgage Application Form Selected | Percentage of Inquiries | |
---|---|---|
Mortgage Pre-approval: | 20.7% | |
First-time Home Buyer: | 20.7% | |
New Home Purchase: | 17.3% | |
Refinance / Debt Consolidation: | 16.3% | |
No Money Down Mortgage (discontinued): | 12.6% | |
Mortgage Renewal: | 5.8% | |
Other: | 6.3% | |
Total Application Types Found: 13 |
Age Demographics for Prince Edward Island Mortgage Inquiries
Average age: 37
Oldest age: 70
Youngest age: 20
Incomes for Prince Edward Island Mortgage Inquiries
The following figures show the average income of Canadians living in Prince Edward Island who have applied for a loan using the online application located at the Mortgage Super Brokers' web site.
Average annual gross income for | |
---|---|
mortgage applicants in Prince Edward Island: | $44,274.74 |
applicants within all of Canada: | $60,852.54 |
Difference: | ($16,577.81) |
mortgage co-applicants in Prince Edward Island: | $34,414.78 |
co-applicants within all of Canada: | $43,965.51 |
Difference: | ($9,550.73) |