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Sherbrooke Mortgage Information

Average Mortgage Loan in Sherbrooke: $182,892

Busy Days for Mortgages within Sherbrooke

The information below shows the busy days for online applications that were received by the Super Brokers web site. A combined total of all occurrences of each day are represented for the past 5 years. In Sherbrooke, the day with the most volume, having more than 16.67% of all submissions, is Tuesday. In comparison, Sunday's are the slowest day with only 6.67% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 16.7%
2 Friday: 16.7%
3 Wednesday: 16.7%
4 Thursday: 16.7%
5 Monday: 13.3%
6 Saturday: 13.3%
7 Sunday: 6.7%
Busy Days Report for Sherbrooke Mortgages

Peak Hours for Mortgage Applicants within Sherbrooke

Inquiries are received 24 hours a day on the Super Brokers' web site. The information shown below represents the peak hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Sherbrooke
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: 0%
4AM 04:00 to 04:59: 3.3%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 3.3%
8AM 08:00 to 08:59: 6.7%
9AM 09:00 to 09:59: 6.7%
10AM 10:00 to 10:59: 0%
11AM 11:00 to 11:59: 6.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 3.3%
1PM 13:00 to 13:59: 13.3%
2PM 14:00 to 14:59: 3.3%
3PM 15:00 to 15:59: 13.3%
4PM 16:00 to 16:59: 10.0%
5PM 17:00 to 17:59: 13.3%
6PM 18:00 to 18:59: 6.7%
7PM 19:00 to 19:59: 3.3%
8PM 20:00 to 20:59: 0%
9PM 21:00 to 21:59: 3.3%
10PM 22:00 to 22:59: 3.3%
11PM 23:00 to 23:59: 0%

Quebec 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 Sherbrooke Ranks in Quebec for Mortgage Business

The following table lists how Sherbrooke 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
7LASALLE, QC 0.093%
8QUEBEC CITY, QC 0.071%
9SAINT-LAURENT, QC 0.069%
10LONGUEUIL, QC 0.057%
11POINTE-CLAIRE, QC 0.055%
12SHERBROOKE, QC 0.052%
13VERDUN, QC 0.048%
14CHATEAUGUAY, QC 0.047%
15SAINT-LEONARD, QC 0.043%
16LACHINE, QC 0.035%
17KIRKLAND, QC 0.031%

Types of Mortgage Inquiries Received from Sherbrooke


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 20.0%
Pre-approval: 20.0%
First-time Home Buyer: 20.0%
No Money Down Mortgage (discontinued): 16.7%
Mortgage Renewal: 6.7%
Refinance / Debt Consolidation: 6.7%
Other: 9.9%
 
Total Application Types Found: 9

Age Demographics for Sherbrooke Mortgage Applicants

Average age: 37
Oldest age: 58
Youngest age: 23


Incomes for Sherbrooke Mortgage Applicants

The figures below represent the average income of people living in Sherbrooke who have submitted an inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Sherbrooke: $54,360.25
applicants within all of Canada: $60,852.54
Difference: ($6,492.29)
  
mortgage co-applicants in Sherbrooke: $29,340.90
co-applicants within all of Canada: $43,965.51
Difference: ($14,624.61)

Note: Commercial loan amounts were not included for this section, only residential mortgage loan amounts were used.


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