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FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
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Salt Spring Island Mortgage Information

Average Mortgage Loan in Salt Spring Island: $236,238

Peak Hours for Mortgages within Salt Spring Island

Mortgage inquiries are received 24 hours a day on the Super Brokers' web site. The statistics shown below represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 25.0% of all mortgages are received during the morning, while 70.0% arrive in the afternoon.


Peak Hours Graph for Mortgages in Salt Spring Island
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 5.0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 5.0%
9AM 09:00 to 09:59: 15.0%
10AM 10:00 to 10:59: 0%
11AM 11:00 to 11:59: 5.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 0%
1PM 13:00 to 13:59: 10.0%
2PM 14:00 to 14:59: 25.0%
3PM 15:00 to 15:59: 10.0%
4PM 16:00 to 16:59: 0%
5PM 17:00 to 17:59: 0%
6PM 18:00 to 18:59: 10.0%
7PM 19:00 to 19:59: 0%
8PM 20:00 to 20:59: 5.0%
9PM 21:00 to 21:59: 5.0%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 5.0%

British Columbia Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.07%
British Columbia: 10.40%
Manitoba: 2.00%
New Brunswick: 2.53%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.31%
Prince Edward Island: 0.51%
Quebec: 3.94%
Saskatchewan: 5.04%
Yukon: 0.47%

How Salt Spring Island Ranks in British Columbia for Mortgage Business

The following table lists how Salt Spring Island 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
58FERNIE, BC 0.036%
59AGASSIZ, BC 0.036%
60PITT MEADOWS, BC 0.036%
61SMITHERS, BC 0.036%
62GIBSONS, BC 0.036%
63SALT SPRING ISLAND, BC 0.035%
64SUMMERLAND, BC 0.035%
65TUMBLER RIDGE, BC 0.035%
66HOPE, BC 0.035%
67ARMSTRONG, BC 0.035%
68QUALICUM BEACH, BC 0.033%

Types of Mortgage Inquiries Received from Salt Spring Island


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 15.0%
First-time Home Buyer: 15.0%
Refinance / Debt Consolidation: 15.0%
No Money Down Mortgage (discontinued): 10.0%
Equity Mortgage: 10.0%
Fixed Rate: 5.0%
: 5.0%
Low Doc: 5.0%
Mortgage Renewal: 5.0%
New Home Purchase: 5.0%
HELOC: 5.0%
Variable Rate: 5.0%
 
Total Application Types Found: 12

Age Demographics for Salt Spring Island Originated Mortgages

Average age: 44
Oldest age: 72
Youngest age: 26


Incomes for Salt Spring Island Originated Mortgages

The following figures show the average income of people living in Salt Spring Island who have applied for a mortgage loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Salt Spring Island: $51,624.53
applicants within all of Canada: $60,852.54
Difference: ($9,228.02)
  
mortgage co-applicants in Salt Spring Island: $39,666.67
co-applicants within all of Canada: $43,965.51
Difference: ($4,298.85)

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


Last mortgage report update for Salt Spring Island: Friday, July 1, 2016
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