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Monthly Volume History of Mortgage Applications from Prince Edward Island

The 6-year bar graph below represents the individual monthly volume history for Internet mortgage pre-approval applications originating from Prince Edward Island.


Monthly Volume Report for Prince Edward Island Mortgages

Busy Months for Mortgages in Prince Edward Island

The 6-year bar graph below depicts the volumes of 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 27.87% while our slowest is the fourth quarter (represented by the red bars) with 20.21%.

Busy Months Report for Prince Edward Island Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 11.5%
2 June: 10.1%
3 April: 9.1%
4 February: 9.1%
5 August: 9.1%
6 May: 8.7%
RankMonth 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 bar graph below compares the busy days for Internet applications that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Prince Edward Island the busiest day, with 20.21% of all inquiries, is Thursday. In comparison, Sunday's are the slowest day with only 8.71% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Thursday: 20.2%
2: Monday: 18.8%
3: Tuesday: 16.0%
4: Friday: 12.9%
5: Wednesday: 12.9%
6: Saturday: 10.4%
7: Sunday: 8.7%
Busy Days Report for Prince Edward Island Mortgages

Peak Hours for Prince Edward Island Mortgage Applications

In Prince Edward Island, inquiries are received 24 hours a day via the CanEquity web site. The statistics shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Prince Edward Island
TimePeriod (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%
TimePeriod (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: 3.5%
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: 4089.2%
British Columbia: 2044.6%
Manitoba: 389.2%
New Brunswick: 494.4%
Newfoundland and Labrador: 254.0%
Nova Scotia: 649.5%
Northwest Territories: 94.4%
Nunavut: 19.2%
Ontario: 9357.8%
Prince Edward Island: 100.0%
Quebec: 778.0%
Saskatchewan: 986.4%
Yukon: 93.4%

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
Home Loan
1:CHARLOTTETOWN, PE 37.979% 36 $44,815 $30,851 $128,741
2:SUMMERSIDE, PE 7.666% 38 $41,400 $34,642 $108,059
3:STRATFORD, PE 6.969% 39 $56,278 $60,300 $127,473
4:CORNWALL, PE 6.272% 38 $43,882 $27,428 $104,740
5:MONTAGUE, PE 4.530% 41 $46,934 $30,737 $110,125
6:SOURIS, PE 3.833% 39 $41,043 $35,245 $102,454
7:O'LEARY, PE 3.484% 45 $37,500 $15,000 $77,500
8:KENSINGTON, PE 2.787% 40 $41,211 n/a $101,028
9:GEORGETOWN, PE 2.091% 32 $36,400 n/a $80,800
10:KINKORA, PE 2.091% 31 $38,000 $33,250 $129,483
11:CARDIGAN, PE 1.742% 37 $51,700 n/a $135,975
12:TIGNISH, PE 1.394% 30 $31,250 n/a $84,225
13:YORK, PE 1.045% 35 $35,973 n/a $118,333
14:MOUNT STEWART, PE 1.045% 31 $57,680 $41,000 $108,333
15:WELLINGTON STATION, PE 1.045% 40 $42,666 n/a $92,166
16:MISCOUCHE, PE 1.045% 29 $21,466 n/a $78,966
17:WINSLOE, PE 0.697% 28 $82,500 n/a $140,000
18:ALBANY, PE 0.697% 42 $35,000 n/a $62,450
19:MURRAY HARBOUR, PE 0.697% 45 $50,119 $47,500 $59,900
20:VICTORIA, PE 0.697% 55 $17,500 n/a $47,056
21:NORTH WILTSHIRE, PE 0.697% 34 $34,500 $29,500 $43,000
22:NEW LONDON, PE 0.697% 35 $28,000 n/a $50,000
23:SLEMON PARK, PE 0.697% 49 $55,640 n/a $89,900
24:ALBERTON, PE 0.697% 43 $197,500 n/a $84,000
25:VERNON BRIDGE, PE 0.697% 38 $20,500 n/a $76,500
26:ST-PETERS BAY, PE 0.697% 48 $36,000 n/a $32,500
27:HUNTER RIVER, PE 0.697% 37 $49,800 $50,000 $242,500
28:CENTRAL BEDEQUE, PE 0.697% 38 n/a n/a $37,500
29:RICHMOND, PE 0.697% 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 people living in Prince Edward Island who have applied for a mortgage loan using CanEquity's online mortgage application.

Average annual gross income for
mortgage applicants in Prince Edward Island: $44,572.56
applicants within all of Canada: $60,593.10
Difference: ($16,020.54)
  
mortgage co-applicants in Prince Edward Island: $34,453.17
co-applicants within all of Canada: $43,761.59
Difference: ($9,308.41)

Note: Commercial loan amounts were not included for this section, only residential mortgage loans from Prince Edward Island were used.

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