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Monthly Volume History of Mortgage Applications from Newfoundland and Labrador
The graph below illustrates CanEquity's individual monthly volume history for Internet mortgage pre-approval applications received from Newfoundland and Labrador.
Busy Months for Mortgages in Newfoundland and Labrador
The following shows the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our first quarter (represented by the brown bars) with 28.73% while our slowest is the fourth quarter (represented by the red bars) with 16.32%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | March: | 11.6% | |
| 2 | May: | 10.2% | |
| 3 | July: | 10.2% | |
| 4 | August: | 9.5% | |
| 5 | April: | 9.1% | |
| 6 | June: | 9.1% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | January: | 8.9% | |
| 8 | February: | 8.2% | |
| 9 | October: | 7.0% | |
| 10 | September: | 7.0% | |
| 11 | November: | 5.9% | |
| 12 | December: | 3.5% |
Busy Days for Mortgages in Newfoundland and Labrador
The bar graph listed below compares the busy days for online mortgage applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Newfoundland and Labrador, the day with the most volume, generating 19.11% of all inquiries, is Tuesday. In comparison, Friday's are the slowest day with only 10.46% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1: | Tuesday: | 19.1% |
| 2: | Monday: | 18.4% |
| 3: | Wednesday: | 15.5% |
| 4: | Thursday: | 13.4% |
| 5: | Sunday: | 12.0% |
| 6: | Saturday: | 11.2% |
| 7: | Friday: | 10.5% |
Peak Hours for Newfoundland and Labrador Mortgage Applications
In Newfoundland and Labrador, applications are received 24 hours a day on the CanEquity web site. The graph shown below indicates the busy hours over a 24-hour period. 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: | 0.4% |
| 2AM | 02:00 to 02:59: | 0.4% |
| 3AM | 03:00 to 03:59: | 0.6% |
| 4AM | 04:00 to 04:59: | 1.7% |
| 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: | 7.5% |
| 9AM | 09:00 to 09:59: | 6.7% |
| 10AM | 10:00 to 10:59: | 6.4% |
| 11AM | 11:00 to 11:59: | 5.7% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 7.8% |
| 1PM | 13:00 to 13:59: | 7.0% |
| 2PM | 14:00 to 14:59: | 6.4% |
| 3PM | 15:00 to 15:59: | 6.4% |
| 4PM | 16:00 to 16:59: | 5.6% |
| 5PM | 17:00 to 17:59: | 7.0% |
| 6PM | 18:00 to 18:59: | 5.3% |
| 7PM | 19:00 to 19:59: | 4.9% |
| 8PM | 20:00 to 20:59: | 2.1% |
| 9PM | 21:00 to 21:59: | 2.2% |
| 10PM | 22:00 to 22:59: | 1.1% |
| 11PM | 23:00 to 23:59: | 0.6% |
Newfoundland and Labrador Mortgage Originations Compared to all other Provinces
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 1608.1% |
| British Columbia: | 809.3% |
| Manitoba: | 154.0% |
| New Brunswick: | 196.1% |
| Newfoundland and Labrador: | 100.0% |
| Nova Scotia: | 258.2% |
| Northwest Territories: | 36.7% |
| Nunavut: | 7.7% |
| Ontario: | 3722.5% |
| Prince Edward Island: | 39.9% |
| Quebec: | 308.5% |
| Saskatchewan: | 389.0% |
| Yukon: | 37.4% |
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 | 22.455% | 38 | $48,959 | $37,796 | $137,544 |
| 2: | CORNER BROOK, NL | 9.623% | 37 | $49,834 | $37,034 | $170,700 |
| 3: | MOUNT PEARL, NL | 6.834% | 43 | $55,330 | $38,404 | $170,583 |
| 4: | PARADISE, NL | 4.045% | 38 | $78,372 | $38,890 | $187,209 |
| 5: | CONCEPTION BAY SOUTH, NL | 3.766% | 34 | $49,193 | $27,649 | $128,000 |
| 6: | GRAND FALLS-WINDSOR, NL | 3.626% | 41 | $41,577 | $33,334 | $108,160 |
| 7: | GANDER, NL | 2.650% | 34 | $53,294 | $27,222 | $97,793 |
| 8: | PORTUGAL COVE-ST PHILIPS, NL | 2.371% | 36 | $60,949 | $30,277 | $142,917 |
| 9: | HAPPY VALLEY-GOOSE BAY, NL | 1.813% | 43 | $53,384 | $66,000 | $146,730 |
| 10: | LABRADOR CITY, NL | 1.813% | 35 | $65,769 | $41,040 | $156,000 |
| 11: | GOULDS, NL | 1.534% | 32 | $41,716 | $61,912 | $142,100 |
| 12: | CLARENVILLE, NL | 1.395% | 33 | $53,589 | $48,402 | $152,361 |
| 13: | MARYSTOWN, NL | 1.395% | 33 | $68,842 | n/a | $119,640 |
| 14: | PASADENA, NL | 1.255% | 38 | $56,715 | $31,413 | $185,300 |
| 15: | DOYLES, NL | 0.976% | 55 | $42,833 | $35,500 | $102,500 |
| 16: | DEER LAKE, NL | 0.976% | 39 | $52,977 | $40,000 | $130,778 |
| 17: | STEPHENVILLE, NL | 0.976% | 40 | $52,571 | n/a | $116,714 |
| 18: | NORTH WEST RIVER, NL | 0.976% | 32 | $65,142 | $41,000 | $156,714 |
| 19: | HOLYROOD, NL | 0.976% | 50 | $41,650 | $45,450 | $167,693 |
| 20: | BISHOPS FALLS, NL | 0.976% | 30 | $35,928 | $21,500 | $86,800 |
| 21: | CARBONEAR, NL | 0.976% | 42 | $53,285 | n/a | $72,000 |
| 22: | BOTWOOD, NL | 0.837% | 43 | $43,000 | $30,666 | $80,200 |
| 23: | BAIE VERTE, NL | 0.697% | 41 | $39,912 | n/a | $82,500 |
| 24: | TORBAY, NL | 0.697% | 33 | $42,100 | $31,000 | $155,600 |
| 25: | KIPPENS, NL | 0.697% | 48 | $69,633 | n/a | $125,800 |
| 26: | BENOITS COVE, NL | 0.697% | 29 | $72,000 | $45,000 | $192,280 |
| 27: | LEWISPORTE, NL | 0.697% | 36 | $48,500 | $40,300 | $119,925 |
| 28: | MOUNT MORIAH, NL | 0.558% | 27 | $38,423 | $23,000 | $95,000 |
| 29: | NORMANS COVE, NL | 0.558% | 33 | $58,634 | $27,000 | $116,080 |
| 30: | UPPER ISLAND COVE, NL | 0.418% | 36 | $54,666 | $17,000 | $115,000 |
| 31: | SPANIARDS BAY, NL | 0.418% | 36 | $41,666 | $22,000 | $119,633 |
| 32: | PETERVIEW, NL | 0.418% | 43 | $21,500 | $34,000 | $188,333 |
| 33: | FLATROCK, NL | 0.418% | 37 | $32,488 | n/a | $88,000 |
| 34: | POUCH COVE, NL | 0.418% | 29 | $44,000 | n/a | $141,666 |
| 35: | LEWINS COVE, NL | 0.418% | 30 | $32,700 | n/a | $78,633 |
| 36: | BAY ROBERTS, NL | 0.418% | 34 | $64,000 | n/a | $159,500 |
| 37: | CRESTON, NL | 0.418% | 30 | $68,000 | n/a | $156,666 |
| 38: | NORRIS ARM NORTHSIDE, NL | 0.418% | 62 | $12,500 | $90,500 | $41,000 |
| 39: | BONAVISTA, NL | 0.418% | 30 | $31,666 | $85,000 | $101,666 |
| 40: | SHEARSTOWN, NL | 0.418% | 42 | $56,166 | n/a | $88,333 |
| 41: | PLACENTIA, NL | 0.418% | 30 | $25,933 | n/a | $73,000 |
| 42: | EASTPORT, NL | 0.418% | 45 | $61,500 | n/a | $92,500 |
| 43: | STEPHENVILLE CROSSING, NL | 0.418% | 33 | $19,500 | n/a | $115,000 |
| 44: | LOGY BAY, NL | 0.279% | 62 | n/a | n/a | $139,000 |
| 45: | CONCEPTION HARBOUR, NL | 0.279% | 38 | $51,000 | n/a | $242,500 |
| 46: | SPRINGDALE, NL | 0.279% | 38 | $45,500 | n/a | $94,500 |
| 47: | BAY DE VERDE, NL | 0.279% | 65 | $16,482 | $13,890 | n/a |
| 48: | GRAND BANK, NL | 0.279% | 45 | $66,500 | n/a | $98,750 |
| 49: | ROCKY HARBOUR, NL | 0.279% | 38 | $44,027 | n/a | $70,000 |
| 50: | LARK HARBOUR, NL | 0.279% | 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 figures below represent the average income of Canadians living in Newfoundland and Labrador who have applied for a loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Newfoundland and Labrador: | $51,740.40 |
| applicants within all of Canada: | $60,490.19 |
| Difference: | ($8,749.79) |
| mortgage co-applicants in Newfoundland and Labrador: | $37,015.04 |
| co-applicants within all of Canada: | $43,700.44 |
| Difference: | ($6,685.40) |
Note: Commercial Mortgage loans were not included for this section, only residential mortgages from Newfoundland and Labrador were used.
- Alberta Mortgages
- British Columbia Mortgages
- Manitoba Mortgages
- New Brunswick Mortgages
- Newfoundland Mortgages
- NWT Mortgages
- Nova Scotia Mortgages
- Ontario Mortgages
- PEI Mortgages
- Quebec Mortgages
- Saskatchewan Mortgages
- Yukon Mortgages
Mortgage Payment Calculator
With our mortgage calculator, you can plug in your information and try different mortgage interest rates, term lengths, and amortization periods in order to determine what kind of home you can afford. How much do you qualify for?
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Simcoe.
| Mortgage Product Type | Inquiries | |
|---|---|---|
| Mortgage Pre-approval | 18.99% | |
| First-time Home Buyer | 18.99% | |
| New Purchase | 17.72% | |
| No Money Down discontinued | 16.46% | |
| Refinance/Consolidate Debt | 15.19% | |
| Other | 12.67% |
Did you know? The average home loan in Miramichi is:
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