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Monthly Volume History of Mortgage Applications from Newfoundland and Labrador

The graph below illustrates the individual monthly volume history for Internet applications originating from Newfoundland and Labrador.


Monthly Volume Report for Newfoundland and Labrador Mortgages

Busy Months for Mortgages in Newfoundland and Labrador

The following shows the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our second quarter (represented by the green bars) with 28.94% while our slowest is the fourth quarter (represented by the red bars) with 16.05%.

Busy Months Report for Newfoundland and Labrador Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 11.4%
2 May: 10.4%
3 July: 10.0%
4 June: 9.6%
5 August: 9.5%
6 April: 8.9%
RankMonth Percentage of Applications
7 January: 8.8%
8 February: 8.1%
9 September: 7.3%
10 October: 6.9%
11 November: 5.8%
12 December: 3.4%

Busy Days for Mortgages in Newfoundland and Labrador

The graph below displays the busy days for Internet mortgage applications that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Newfoundland and Labrador, the day with the most volume, having more than 19.20% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 10.97% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Tuesday: 19.2%
2: Monday: 18.1%
3: Wednesday: 15.5%
4: Thursday: 13.2%
5: Sunday: 12.1%
6: Friday: 11.0%
7: Saturday: 11.0%
Busy Days Report for Newfoundland and Labrador Mortgages

Peak Hours for Newfoundland and Labrador Mortgage Applications

In Newfoundland and Labrador, mortgages are received 24 hours a day from the CanEquity web site. The time periods below represents the busy hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Newfoundland and Labrador
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.3%
1AM 01:00 to 01:59: 0.4%
2AM 02:00 to 02:59: 0.4%
3AM 03:00 to 03:59: 0.5%
4AM 04:00 to 04:59: 1.6%
5AM 05:00 to 05:59: 2.9%
6AM 06:00 to 06:59: 4.7%
7AM 07:00 to 07:59: 6.3%
8AM 08:00 to 08:59: 7.4%
9AM 09:00 to 09:59: 6.6%
10AM 10:00 to 10:59: 6.7%
11AM 11:00 to 11:59: 5.6%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.8%
1PM 13:00 to 13:59: 6.9%
2PM 14:00 to 14:59: 6.4%
3PM 15:00 to 15:59: 6.3%
4PM 16:00 to 16:59: 5.9%
5PM 17:00 to 17:59: 7.0%
6PM 18:00 to 18:59: 5.3%
7PM 19:00 to 19:59: 4.8%
8PM 20:00 to 20:59: 2.1%
9PM 21:00 to 21:59: 2.3%
10PM 22:00 to 22:59: 1.1%
11PM 23:00 to 23:59: 0.5%

Newfoundland and Labrador Mortgage Originations Compared to all other Provinces


Online Mortgage Origination for the Province of Percentage in Comparison
Alberta: 1609.9%
British Columbia: 804.9%
Manitoba: 153.2%
New Brunswick: 194.7%
Newfoundland and Labrador: 100.0%
Nova Scotia: 255.7%
Northwest Territories: 37.2%
Nunavut: 7.5%
Ontario: 3684.1%
Prince Edward Island: 39.4%
Quebec: 306.3%
Saskatchewan: 388.3%
Yukon: 36.8%

Top Producing Cities / Towns for Mortgages in Newfoundland and Labrador

Rank City or Town within
the province of Newfoundland and Labrador
Percentage
of Inquiries
Avg
Age
Average
Income
Average
Co-Income
Average
Loan
1:ST JOHN'S, NL 22.497% 38 $49,332 $37,796 $138,916
2:CORNER BROOK, NL 9.602% 37 $49,415 $37,034 $169,505
3:MOUNT PEARL, NL 6.859% 42 $54,994 $38,404 $170,583
4:PARADISE, NL 3.978% 38 $78,372 $38,890 $187,209
5:CONCEPTION BAY SOUTH, NL 3.704% 34 $49,193 $27,649 $128,000
6:GRAND FALLS-WINDSOR, NL 3.567% 41 $41,577 $33,334 $108,160
7:GANDER, NL 2.606% 34 $53,294 $27,222 $97,793
8:PORTUGAL COVE-ST PHILIPS, NL 2.332% 36 $60,949 $30,277 $142,917
9:HAPPY VALLEY-GOOSE BAY, NL 1.783% 43 $53,384 $66,000 $146,730
10:LABRADOR CITY, NL 1.783% 35 $65,769 $41,040 $156,000
11:GOULDS, NL 1.509% 32 $41,716 $61,912 $142,100
12:CLARENVILLE, NL 1.372% 33 $53,589 $48,402 $152,361
13:MARYSTOWN, NL 1.372% 33 $68,842 n/a $119,640
14:PASADENA, NL 1.235% 38 $56,715 $31,413 $185,300
15:HOLYROOD, NL 1.097% 52 $44,271 $50,300 $193,737
16:BISHOPS FALLS, NL 1.097% 30 $37,062 $21,500 $90,950
17:DOYLES, NL 0.960% 55 $42,833 $35,500 $102,500
18:DEER LAKE, NL 0.960% 39 $52,977 $40,000 $130,778
19:STEPHENVILLE, NL 0.960% 40 $52,571 n/a $116,714
20:NORTH WEST RIVER, NL 0.960% 32 $65,142 $41,000 $156,714
21:CARBONEAR, NL 0.960% 42 $53,285 n/a $72,000
22:BOTWOOD, NL 0.823% 43 $43,000 $30,666 $80,200
23:BAIE VERTE, NL 0.686% 41 $39,912 n/a $82,500
24:TORBAY, NL 0.686% 33 $42,100 $31,000 $155,600
25:KIPPENS, NL 0.686% 48 $69,633 n/a $125,800
26:BENOITS COVE, NL 0.686% 29 $72,000 $45,000 $192,280
27:LEWISPORTE, NL 0.686% 36 $48,500 $40,300 $119,925
28:MOUNT MORIAH, NL 0.549% 27 $38,423 $23,000 $95,000
29:NORMANS COVE, NL 0.549% 33 $58,634 $27,000 $116,080
30:UPPER ISLAND COVE, NL 0.412% 36 $54,666 $17,000 $115,000
31:SPANIARDS BAY, NL 0.412% 36 $41,666 $22,000 $119,633
32:PETERVIEW, NL 0.412% 43 $21,500 $34,000 $188,333
33:FLATROCK, NL 0.412% 37 $32,488 n/a $88,000
34:POUCH COVE, NL 0.412% 29 $44,000 n/a $141,666
35:LEWINS COVE, NL 0.412% 30 $32,700 n/a $78,633
36:BAY ROBERTS, NL 0.412% 34 $64,000 n/a $159,500
37:CRESTON, NL 0.412% 30 $68,000 n/a $156,666
38:NORRIS ARM NORTHSIDE, NL 0.412% 62 $12,500 $90,500 $41,000
39:BONAVISTA, NL 0.412% 30 $31,666 $85,000 $101,666
40:SHEARSTOWN, NL 0.412% 42 $56,166 n/a $88,333
41:PLACENTIA, NL 0.412% 30 $25,933 n/a $73,000
42:EASTPORT, NL 0.412% 45 $61,500 n/a $92,500
43:STEPHENVILLE CROSSING, NL 0.412% 33 $19,500 n/a $115,000
44:LOGY BAY, NL 0.274% 62 n/a n/a $139,000
45:CONCEPTION HARBOUR, NL 0.274% 38 $51,000 n/a $242,500
46:SPRINGDALE, NL 0.274% 38 $45,500 n/a $94,500
47:BAY DE VERDE, NL 0.274% 65 $16,482 $13,890 n/a
48:GRAND BANK, NL 0.274% 45 $66,500 n/a $98,750
49:ROCKY HARBOUR, NL 0.274% 38 $44,027 n/a $70,000
50:LARK HARBOUR, NL 0.274% 26 $36,500 $34,500 $207,500

Age Demographics for Newfoundland and Labrador Mortgage Inquiries

Average age: 38
Oldest age: 73
Youngest age: 19


Incomes for Newfoundland and Labrador Mortgage Inquiries

The numbers below represent the average income of applicants living in Newfoundland and Labrador who have applied for a loan using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Newfoundland and Labrador: $51,885.39
applicants within all of Canada: $60,593.10
Difference: ($8,707.71)
  
mortgage co-applicants in Newfoundland and Labrador: $36,999.18
co-applicants within all of Canada: $43,761.59
Difference: ($6,762.41)

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loan amounts from Newfoundland and Labrador were used.

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Alberta
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Gatineau.

Mortgage Product Type Inquiries
Mortgage Pre-approval18.18%
First-time Home Buyer15.42%
Refinance/Consolidate Debt15.02%
No Money Down discontinued13.44%
New Purchase13.04%
Mortgage Renewal11.86%
Pre-approval5.93%
Other7.13%