Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Corner Brook: Wednesday, September 8, 2010   
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Corner Brook Mortgages

Newfoundland and Labrador Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Originating from Corner Brook

Year Year to Year
Comparison
** National
Contribution
2010: * 15.39% * 0.01%
2009: 20.51% 0.02%
2008: 23.08% 0.02%
2006: 10.26% 0.01%
2005: 7.69% 0.01%
2004: 17.95% 0.01%
2003: 2.56% 0.00%
2002: 2.56% 0.00%

Note: * These values are the percentages up to Wednesday, September 8, 2010. Estimated volume targets for the entire 2010 year are 20.51% and 0.02% respectively. ** Total national contribution of Corner Brook mortgages in the past is currently 0.09% with a projected target of 0.09%.

Busy Days for Mortgage Applications within Corner Brook

The bar graph listed below plots the busy days for online inquiries that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Corner Brook, the day with the most volume, generating 17.95% of all applications, is Friday. In comparison, Monday's are the slowest day with only 7.69% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Friday: 17.9%
2: Wednesday: 17.9%
3: Saturday: 17.9%
4: Tuesday: 12.8%
5: Thursday: 12.8%
6: Sunday: 12.8%
7: Monday: 7.7%
Busy Days Report for Corner Brook Mortgages

Peak Hours for Mortgage Applicants within Corner Brook

In Corner Brook, mortgages are received 24 hours a day from the CanEquity web site. The information shown below represents the busy hours in the day. The data is taken from all days of all years.


Time Period
(24 Hour)
Percentage
of Inquiries
02:00 to 02:59: 2.6%
04:00 to 04:59: 2.6%
05:00 to 05:59: 5.1%
07:00 to 07:59: 5.1%
08:00 to 08:59: 2.6%
09:00 to 09:59: 7.7%
10:00 to 10:59: 7.7%
11:00 to 11:59: 5.1%
12:00 to 12:59: 15.4%
13:00 to 13:59: 5.1%
14:00 to 14:59: 7.7%
15:00 to 15:59: 7.7%
16:00 to 16:59: 2.6%
17:00 to 17:59: 10.3%
18:00 to 18:59: 7.7%
19:00 to 19:59: 2.6%
20:00 to 20:59: 2.6%
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: 21.20%
British Columbia: 10.79%
Manitoba: 2.11%
New Brunswick: 2.19%
Newfoundland and Labrador 1.17%
Nova Scotia: 3.03%
Northwest Territories: 0.32%
Nunavut: 0.09%
Ontario: 48.60%
Prince Edward Island: 0.47%
Quebec: 4.12%
Saskatchewan: 5.02%
Yukon Territories: 0.29%
Corner Brook Mortgages

Current City Standing within Newfoundland and Labrador


Location Contribution
001:  ST JOHN'S, NL 0.322%
002:  MOUNT PEARL, NL 0.088%
003:  CORNER BROOK, NL 0.086%
004:  PARADISE, NL 0.046%
005:  CONCEPTION BAY SOUTH, NL 0.042%
006:  GRAND FALLS-WINDSOR, NL 0.042%
007:  GANDER, NL 0.035%
008:  PORTUGAL COVE-ST PHILIPS, NL 0.033%

Nearest Settlements


1Mount Moriah, Newfoundland and Labrador
2Pasadena, Newfoundland and Labrador
3Rocky Harbour, Newfoundland and Labrador
4Deer Lake, Newfoundland and Labrador
5Stephenville, Newfoundland and Labrador


Product Popularity for Corner Brook


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 33.3%
First-time Buyer: 23.1%
No Money Down: 20.5%
Refinance: 7.7%
Purchase: 5.1%
Low Doc: 2.6%
Pre-approval: 2.6%
Second Mortgage: 2.6%
Renewal: 2.6%
 
Total Application Types Found: 9
 Corner Brook Mortgage Product Popularity Pie Chart

Age Demographics for Corner Brook Mortgage Applicants

Average age: 36
Oldest age: 56
Youngest age: 22


Incomes for Corner Brook Mortgage Applicants

The following figures show the average income of applicants living in Corner Brook who have applied for a loan using the pre-approval application on CanEquity's web site.

Average annual gross income for
mortgage applicants in Corner Brook: $51,937.11
applicants within all of Canada: $58,945.88
Difference: ($7,008.77)
  
mortgage co-applicants in Corner Brook: $26,133.33
co-applicants within all of Canada: $41,522.27
Difference: ($15,388.94)

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

Residential Status for Corner Brook Mortgage Applicants

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

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 53.8%
Own: 25.6%
Other: 5.1%
No Comment: 2.6%
Live with parents: 12.8%
Corner Brook Residential Status Pie Chart

Marital Stats for Corner Brook Mortgage Applicants

The information below shows the marital status of applicants from Corner Brook, Newfoundland and Labrador using the mortgage application found on the CanEquity Mortgage web site. In Corner Brook, approximately 61% of the mortgage applicants are living common-law or married, while only 38% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 43.6%
Single: 33.3%
Common-law: 17.9%
Divorced: 2.6%
Separated: 2.6%
Corner Brook Marital Status Pie Chart