1-800-604-1864
Professional Listings
Mortgage Statistics
Apply Now
Mortgage Rates
Variable closed: 1.65% 1 year closed: 1.64% 3 year closed: 1.59% 5 year closed: 1.69% 10 year closed: 2.84% 
Glossary
Tools
Mortgage Calculators Credit Card Calculators
Professional Listings
Mortgage Statistics
Apply Now
Mortgage Rates
Glossary
Tools
Canada |
BC |
AB |
SK |
MB |
ON |
QC |
NL |
PE |
NS |
NB |
YT |
NU |
NT
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) |
Note: Commercial loans were not included for this survey, only residential mortgage loans were used.
Last mortgage report update for Prince Edward Island: Friday, July 1, 2016
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
Provincial mortgage stats:
Current Canadian Rates
For the best rate information in Canada, make use of our up to date interest rate comparison chart. Our brokers are not even remotely afraid of advertising our competitor's rates because we know how we stack up.
Amazing Mortgage Calculator
We don't like to boast, but we think the our new mortgage calculator is amazing. It can automatically generate charts and graphs that correspond with the rates, terms and amortizations that you enter, while letting you compare two different mortgages side-by-side. And if you're feeling feisty, you can even add in lump sum payments and see how they affect your mortgage.
|
|
Tel: Fax: info@superbrokers.ca |