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Vancouver Mortgage Information
Average Mortgage Loan in Vancouver: $289,566The bar graph below depicts the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Vancouver occur during our second quarter (represented by the green bars) with 31.82% while our slowest is the fourth quarter (represented by the red bars) with 17.23%.
Rankings for Busy Mortgage Months
| Rank | Month | | Percentage of Applications |
|---|
| 1 | June: | | 11.7% |
| 2 | May: | | 10.8% |
| 3 | January: | | 10.4% |
| 4 | March: | | 9.5% |
| 5 | April: | | 9.3% |
| 6 | February: | | 9.3% |
| Rank | Month | | Percentage of Applications |
|---|
| 7 | August: | | 8.0% |
| 8 | July: | | 7.0% |
| 9 | September: | | 6.8% |
| 10 | October: | | 6.4% |
| 11 | November: | | 5.5% |
| 12 | December: | | 5.3% |
The bar graph listed below plots the busy days for online inquiries that were received by Super Brokers' web site. Each day is a representation of the combined 6-year total of all instances of that day. In Vancouver the most busy day of the week, with 16.29% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 11.74% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|
| 1 | Monday: | 16.3% |
| 2 | Tuesday: | 16.1% |
| 3 | Wednesday: | 16.1% |
| 4 | Thursday: | 15.2% |
| 5 | Friday: | 12.5% |
| 6 | Sunday: | 12.1% |
| 7 | Saturday: | 11.7% |
Mortgage inquiries are received 24 hours a day on the Super Brokers web site. The following represents the busy hours in the day. The data is taken from all days of all years. Only 18.8% of all mortgages are received before noon, while 72.9% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage
of Applications |
|---|
| 12AM | 00:00 to 00:59: | 4.0%
|
| 1AM | 01:00 to 01:59: | 2.5%
|
| 2AM | 02:00 to 02:59: | 1.9%
|
| 3AM | 03:00 to 03:59: | 0.6%
|
| 4AM | 04:00 to 04:59: | 1.1%
|
| 5AM | 05:00 to 05:59: | 0.4%
|
| 6AM | 06:00 to 06:59: | 0.2%
|
| 7AM | 07:00 to 07:59: | 0.8%
|
| 8AM | 08:00 to 08:59: | 2.8%
|
| 9AM | 09:00 to 09:59: | 2.5%
|
| 10AM | 10:00 to 10:59: | 4.0%
|
| 11AM | 11:00 to 11:59: | 6.4%
|
| Time | Period (24 Hour) | Percentage
of Applications |
|---|
| Lunch | 12:00 to 12:59: | 6.6%
|
| 1PM | 13:00 to 13:59: | 7.8%
|
| 2PM | 14:00 to 14:59: | 8.1%
|
| 3PM | 15:00 to 15:59: | 7.0%
|
| 4PM | 16:00 to 16:59: | 6.6%
|
| 5PM | 17:00 to 17:59: | 4.5%
|
| 6PM | 18:00 to 18:59: | 5.7%
|
| 7PM | 19:00 to 19:59: | 4.4%
|
| 8PM | 20:00 to 20:59: | 5.3%
|
| 9PM | 21:00 to 21:59: | 4.5%
|
| 10PM | 22:00 to 22:59: | 4.9%
|
| 11PM | 23:00 to 23:59: | 7.4%
|
The following table lists how Vancouver 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.
| Type of Mortgage Application Form Selected | | Percentage
of Inquiries |
|---|
| Mortgage Pre-approval: | | 25.2% |
| First-time Home Buyer: | | 19.1% |
| New Home Purchase: | | 13.3% |
| No Money Down Mortgage (discontinued): | | 11.6% |
| Mortgage Renewal: | | 10.0% |
| Refinance / Debt Consolidation: | | 7.8% |
| Other: | | 13.2% |
| |
| Total Application Types Found: 17 |
Average age: 39
Oldest age: 76
Youngest age: 21
The following depicts the average income of applicants living in Vancouver who have applied for a mortgage loan using the pre-approval application on the Mortgage Super Brokers' web site.
| Average annual gross income for | |
|---|
| mortgage applicants in Vancouver: | $69,431.70 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | $8,579.16 |
| | |
| mortgage co-applicants in Vancouver: | $49,113.85 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | $5,148.34 |
Note: Commercial loans were not included for this report, only residential mortgage loan amounts were used.
Licensing Info: Alberta Mortgage #MW-0511205,
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