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Monthly Volume History of Mortgage Applications from Prince Edward Island
The 6-year bar graph below shows the individual monthly volume history for Internet mortgage applications originating from Prince Edward Island.
Busy Months for Mortgages in Prince Edward Island
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 first quarter (represented by the brown bars) with 27.97% while our slowest is the fourth quarter (represented by the red bars) with 20.28%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | January: | 11.5% | |
| 2 | June: | 9.8% | |
| 3 | April: | 9.1% | |
| 4 | February: | 9.1% | |
| 5 | August: | 9.1% | |
| 6 | May: | 8.7% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | September: | 8.4% | |
| 8 | October: | 7.7% | |
| 9 | March: | 7.3% | |
| 10 | July: | 6.6% | |
| 11 | November: | 6.3% | |
| 12 | December: | 6.3% |
Busy Days for Mortgages in Prince Edward Island
The information below plots the busy days for online inquiries that were received by the CanEquity web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Prince Edward Island the most busy day of the week, with 20.28% of all applications, is Thursday. In comparison, Sunday's are the slowest day with only 8.74% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1: | Thursday: | 20.3% |
| 2: | Monday: | 18.5% |
| 3: | Tuesday: | 16.1% |
| 4: | Friday: | 12.9% |
| 5: | Wednesday: | 12.9% |
| 6: | Saturday: | 10.5% |
| 7: | Sunday: | 8.7% |
Peak Hours for Prince Edward Island Mortgage Applications
Mortgage inquiries are received 24 hours a day from the CanEquity web site. The report shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 40.2% of all mortgages are received during the morning, while 58.7% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 0.3% |
| 1AM | 01:00 to 01:59: | 0.7% |
| 2AM | 02:00 to 02:59: | 0% |
| 3AM | 03:00 to 03:59: | 1.0% |
| 4AM | 04:00 to 04:59: | 2.1% |
| 5AM | 05:00 to 05:59: | 2.1% |
| 6AM | 06:00 to 06:59: | 4.9% |
| 7AM | 07:00 to 07:59: | 3.8% |
| 8AM | 08:00 to 08:59: | 5.6% |
| 9AM | 09:00 to 09:59: | 5.6% |
| 10AM | 10:00 to 10:59: | 8.0% |
| 11AM | 11:00 to 11:59: | 7.0% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 6.3% |
| 1PM | 13:00 to 13:59: | 7.7% |
| 2PM | 14:00 to 14:59: | 5.6% |
| 3PM | 15:00 to 15:59: | 5.6% |
| 4PM | 16:00 to 16:59: | 7.0% |
| 5PM | 17:00 to 17:59: | 6.6% |
| 6PM | 18:00 to 18:59: | 9.1% |
| 7PM | 19:00 to 19:59: | 3.1% |
| 8PM | 20:00 to 20:59: | 3.8% |
| 9PM | 21:00 to 21:59: | 2.1% |
| 10PM | 22:00 to 22:59: | 1.4% |
| 11PM | 23:00 to 23:59: | 0.3% |
Prince Edward Island Mortgage Originations Compared to all other Provinces
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 4031.5% |
| British Columbia: | 2029.0% |
| Manitoba: | 386.0% |
| New Brunswick: | 491.6% |
| Newfoundland and Labrador: | 250.7% |
| Nova Scotia: | 647.2% |
| Northwest Territories: | 92.0% |
| Nunavut: | 19.2% |
| Ontario: | 9332.2% |
| Prince Edward Island: | 100.0% |
| Quebec: | 773.4% |
| Saskatchewan: | 975.2% |
| Yukon: | 93.7% |
Top Producing Cities / Towns for Mortgages in Prince Edward Island
| Rank | City or Town within the province of Prince Edward Island | Percentage of Inquiries | Avg Age | Average Income | Average Co-Income | Average Loan |
|---|---|---|---|---|---|---|
| 1: | CHARLOTTETOWN, PE | 38.112% | 36 | $44,815 | $30,851 | $128,741 |
| 2: | SUMMERSIDE, PE | 7.692% | 38 | $41,400 | $34,642 | $108,059 |
| 3: | STRATFORD, PE | 6.993% | 39 | $56,278 | $60,300 | $127,473 |
| 4: | CORNWALL, PE | 6.294% | 38 | $43,882 | $27,428 | $104,740 |
| 5: | MONTAGUE, PE | 4.545% | 41 | $46,934 | $30,737 | $110,125 |
| 6: | SOURIS, PE | 3.846% | 39 | $41,043 | $35,245 | $102,454 |
| 7: | O'LEARY, PE | 3.497% | 45 | $37,500 | $15,000 | $77,500 |
| 8: | KENSINGTON, PE | 2.797% | 40 | $41,211 | n/a | $101,028 |
| 9: | GEORGETOWN, PE | 2.098% | 32 | $36,400 | n/a | $80,800 |
| 10: | KINKORA, PE | 2.098% | 31 | $38,000 | $33,250 | $129,483 |
| 11: | CARDIGAN, PE | 1.748% | 37 | $51,700 | n/a | $135,975 |
| 12: | TIGNISH, PE | 1.399% | 30 | $31,250 | n/a | $84,225 |
| 13: | YORK, PE | 1.049% | 35 | $35,973 | n/a | $118,333 |
| 14: | MOUNT STEWART, PE | 1.049% | 31 | $57,680 | $41,000 | $108,333 |
| 15: | MISCOUCHE, PE | 1.049% | 29 | $21,466 | n/a | $78,966 |
| 16: | WINSLOE, PE | 0.699% | 28 | $82,500 | n/a | $140,000 |
| 17: | ALBANY, PE | 0.699% | 42 | $35,000 | n/a | $62,450 |
| 18: | MURRAY HARBOUR, PE | 0.699% | 45 | $50,119 | $47,500 | $59,900 |
| 19: | VICTORIA, PE | 0.699% | 55 | $17,500 | n/a | $47,056 |
| 20: | NORTH WILTSHIRE, PE | 0.699% | 34 | $34,500 | $29,500 | $43,000 |
| 21: | WELLINGTON STATION, PE | 0.699% | 38 | $40,000 | n/a | $93,250 |
| 22: | NEW LONDON, PE | 0.699% | 35 | $28,000 | n/a | $50,000 |
| 23: | SLEMON PARK, PE | 0.699% | 49 | $55,640 | n/a | $89,900 |
| 24: | ALBERTON, PE | 0.699% | 43 | $197,500 | n/a | $84,000 |
| 25: | VERNON BRIDGE, PE | 0.699% | 38 | $20,500 | n/a | $76,500 |
| 26: | ST-PETERS BAY, PE | 0.699% | 48 | $36,000 | n/a | $32,500 |
| 27: | HUNTER RIVER, PE | 0.699% | 37 | $49,800 | $50,000 | $242,500 |
| 28: | CENTRAL BEDEQUE, PE | 0.699% | 38 | n/a | n/a | $37,500 |
| 29: | RICHMOND, PE | 0.699% | 40 | $41,000 | n/a | $50,000 |
Age Demographics for Prince Edward Island Mortgage Inquiries
Average age: 37
Oldest age: 70
Youngest age: 20
Incomes for Prince Edward Island Mortgage Inquiries
The information below represents the average income of applicants living in Prince Edward Island who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Prince Edward Island: | $44,559.58 |
| applicants within all of Canada: | $60,490.19 |
| Difference: | ($15,930.62) |
| mortgage co-applicants in Prince Edward Island: | $34,453.17 |
| co-applicants within all of Canada: | $43,700.44 |
| Difference: | ($9,247.27) |
Note: Commercial Mortgages were not included for this section, only residential mortgages 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
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