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Brandon Mortgage Information

Average Mortgage Loan in Brandon: $172,646

Busy Months for Mortgage Applications within Brandon

This graph illustrates the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Brandon mostly occur during our first quarter (represented by the brown bars) with 40.54% while our slowest is the third quarter (represented by the blue bars) with 16.22%.

Busy Months Report for Brandon Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 14.9%
2 March: 14.9%
3 April: 12.2%
4 February: 10.8%
5 November: 8.1%
6 May: 8.1%
RankMonth Percentage of Applications
7 October: 8.1%
8 September: 6.8%
9 August: 5.4%
10 June: 5.4%
11 July: 4.0%
12 December: 1.4%

Busy Days for Mortgages Originating within Brandon

The data below shows the busy days for online applications that were received by Super Brokers. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Brandon the most busy day of the week, with 21.62% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 5.41% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 21.6%
2 Wednesday: 16.2%
3 Tuesday: 14.9%
4 Thursday: 14.9%
5 Friday: 13.5%
6 Sunday: 13.5%
7 Saturday: 5.4%
Busy Days Report for Brandon Mortgages

Peak Hours for Mortgage Applicants within Brandon

In Brandon, mortgage applications are received 24 hours a day from the Super Brokers web site. The report shown below represents the rush hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Brandon
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.7%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 1.4%
3AM 03:00 to 03:59: 2.7%
4AM 04:00 to 04:59: 1.4%
5AM 05:00 to 05:59: 1.4%
6AM 06:00 to 06:59: 1.4%
7AM 07:00 to 07:59: 2.7%
8AM 08:00 to 08:59: 2.7%
9AM 09:00 to 09:59: 10.8%
10AM 10:00 to 10:59: 5.4%
11AM 11:00 to 11:59: 8.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.1%
1PM 13:00 to 13:59: 6.8%
2PM 14:00 to 14:59: 1.4%
3PM 15:00 to 15:59: 6.8%
4PM 16:00 to 16:59: 1.4%
5PM 17:00 to 17:59: 10.8%
6PM 18:00 to 18:59: 2.7%
7PM 19:00 to 19:59: 6.8%
8PM 20:00 to 20:59: 8.1%
9PM 21:00 to 21:59: 2.7%
10PM 22:00 to 22:59: 4.1%
11PM 23:00 to 23:59: 0%

Manitoba 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 Brandon Ranks in Manitoba for Mortgage Business

The following table lists how Brandon 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
1WINNIPEG, MB 1.101%
2BRANDON, MB 0.128%
3THOMPSON, MB 0.054%
4PORTAGE LA PRAIRIE, MB 0.040%
5SHILO, MB 0.033%
6THE PAS, MB 0.029%
7STEINBACH, MB 0.028%

Types of Mortgage Inquiries Received from Brandon


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 29.7%
First-time Home Buyer: 17.6%
No Money Down Mortgage (discontinued): 16.2%
Refinance / Debt Consolidation: 10.8%
New Home Purchase: 9.5%
Mortgage Renewal: 8.1%
Commercial: 5.4%
Other: 2.8%
 
Total Application Types Found: 9

Age Demographics for Brandon Applicants

Average age: 35
Oldest age: 74
Youngest age: 22


Incomes for Brandon Applicants

The following depicts the average income of people living in Brandon who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Brandon: $54,241.58
applicants within all of Canada: $60,852.54
Difference: ($6,610.96)
  
mortgage co-applicants in Brandon: $43,715.28
co-applicants within all of Canada: $43,965.51
Difference: ($250.23)

Note: Commercial loan amounts were not included for this report, only residential loans amounts from Brandon, Manitoba were used.


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

Mortgage Product Type Inquiries
Mortgage Pre-approval29.73%
First-time Home Buyer17.57%
No Money Down discontinued16.22%
Refinance/Consolidate Debt10.81%
New Purchase9.46%
Mortgage Renewal8.11%
Commercial Financing5.41%
Other2.7%
 
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