Last report update for Corner Brook: Tuesday, May 6, 2008
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Corner Brook Mortgage
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Deer Lake
Pasadena
Rocky Harbour
Stephenville

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Corner Brook Mortgages

Newfoundland and Labrador Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Applications from Corner Brook

Year Year to Year
Comparison
** National
Contribution
2008: * 20.00% * 0.01%
2006: 20.00% 0.01%
2005: 15.00% 0.01%
2004: 35.00% 0.02%
2003: 5.00% 0.00%
2002: 5.00% 0.00%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 50.00% and 0.03% respectively. ** Total national contribution of Corner Brook mortgages in the past is currently 0.07% with a projected target of 0.08%.

Peak Hours for Originated Mortgages within Corner Brook

In Corner Brook, applications are received 24 hours a day on the CanEquity web site. The time periods below represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 0.0% of all mortgages are received during the morning, while 45.0% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
02:00 to 02:59: 5.0%
07:00 to 07:59: 5.0%
09:00 to 09:59: 10.0%
10:00 to 10:59: 10.0%
11:00 to 11:59: 5.0%
12:00 to 12:59: 20.0%
13:00 to 13:59: 5.0%
14:00 to 14:59: 10.0%
15:00 to 15:59: 5.0%
17:00 to 17:59: 15.0%
18:00 to 18:59: 5.0%
20:00 to 20:59: 5.0%
Peak Hours Graph for Mortgages in Corner Brook

Note: Only hours that have had mortgages from Corner Brook, Newfoundland and Labrador are shown.

Newfoundland and Labrador Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
British Columbia: 11.49%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador 1.12%
Nova Scotia: 2.77%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario: 48.62%
Prince Edward Island: 0.36%
Quebec: 3.80%
Saskatchewan: 5.60%
Yukon Territories: 0.21%
Corner Brook Mortgages

Current City Standing within Newfoundland and Labrador


Location Contribution
001:  ST JOHN'S, NL 0.309%
002:  MOUNT PEARL, NL 0.086%
003:  CORNER BROOK, NL 0.066%
004:  CONCEPTION BAY SOUTH, NL 0.050%
005:  PORTUGAL COVE-ST PHILIPS, NL 0.043%
006:  GRAND FALLS-WINDSOR, NL 0.043%
007:  PARADISE, NL 0.043%
008:  GANDER, NL 0.037%

Nearest Settlements


1Pasadena, Newfoundland and Labrador
2Rocky Harbour, Newfoundland and Labrador
3Deer Lake, Newfoundland and Labrador
4Stephenville, Newfoundland and Labrador


Product Popularity for Corner Brook


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 30.0%
First-time Buyer: 25.0%
No Money Down: 15.0%
Refinance: 10.0%
Renewal: 5.0%
Low Doc: 5.0%
Pre-approval: 5.0%
Second Mortgage: 5.0%
 
Total Application Types Found: 8
 Corner Brook Mortgage Product Popularity Pie Chart

Age Demographics for Corner Brook Mortgages

Average age: 38
Oldest age: 56
Youngest age: 26


Incomes for Corner Brook Mortgages

The numbers below represent the average income of Canadians living in Corner Brook who have submitted an inquiry using the online application located at the CanEquity web site.

Average annual gross income for
mortgage applicants in Corner Brook: $60,092.80
applicants within all of Canada: $56,347.50
Difference: $3,745.30
  

Note: Commercial loan amounts were not included for this survey, only residential mortgage loan amounts from Corner Brook, Newfoundland and Labrador were used.

Residential Status for Corner Brook Mortgage Applicants

The information below represents the residential status of people living in Corner Brook who have applied for a home loan using the CanEquity mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 35.0%
Own: 35.0%
No Comment: 5.0%
Live with parents: 25.0%
Corner Brook Residential Status Pie Chart

Marital Status for Corner Brook Mortgage Applicants

The information below shows the marital status of applicants from Corner Brook, Newfoundland and Labrador using the preapproval application located at canequity.com. In Corner Brook, 65% of the mortgage applicants are either married or living common-law, while only 35% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 60.0%
Single: 30.0%
Separated: 5.0%
Common-law: 5.0%
Corner Brook Marital Status Pie Chart