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North Saanich Mortgage Information

Average Mortgage Loan in North Saanich: $273,000

How North Saanich Ranks in British Columbia for Mortgage Business

The following table lists how North Saanich ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
77PRINCETON, BC 0.022%
78HOUSTON, BC 0.022%
79PEACHLAND, BC 0.022%
80PORT MCNEILL, BC 0.022%
81PORT HARDY, BC 0.022%
82NORTH SAANICH, BC 0.022%
83MILL BAY, BC 0.021%
84LUMBY, BC 0.021%
85LAKE COWICHAN, BC 0.021%
86COLDSTREAM, BC 0.019%
87GABRIOLA, BC 0.019%

Types of Mortgage Inquiries Received from North Saanich


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 23.1%
First-time Home Buyer: 23.1%
Refinance / Debt Consolidation: 15.4%
No Money Down Mortgage (discontinued): 15.4%
New Home Purchase: 7.7%
Pre-approval: 7.7%
Transfer: 7.7%
 
Total Application Types Found: 7

Age Demographics for North Saanich Mortgage Applicants

Average age: 45
Oldest age: 66
Youngest age: 24


Incomes for North Saanich Mortgage Applicants

The amounts shown below represent the average income of people living in North Saanich who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in North Saanich: $74,682.15
applicants within all of Canada: $60,852.54
Difference: $13,829.61
  
mortgage co-applicants in North Saanich: $37,700.00
co-applicants within all of Canada: $43,965.51
Difference: ($6,265.51)

Note: Commercial loans were not included for this report, only residential loans were used.


Last mortgage report update for North Saanich: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in New Westminster.

Mortgage Product Type Inquiries
Mortgage Pre-approval26.09%
First-time Home Buyer16.30%
Refinance/Consolidate Debt16.30%
No Money Down discontinued13.04%
Mortgage Renewal10.87%
New Purchase7.61%
Other9.78%