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Mill Bay Mortgage Information

Average Mortgage Loan in Mill Bay: $253,690

How Mill Bay Ranks in British Columbia for Mortgage Business

The following table lists how Mill Bay 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
78HOUSTON, BC 0.022%
79PEACHLAND, BC 0.022%
81PORT HARDY, BC 0.022%
83MILL BAY, BC 0.021%
84LUMBY, BC 0.021%
87GABRIOLA, BC 0.019%
88OLIVER, BC 0.019%

Types of Mortgage Inquiries Received from Mill Bay

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 25.0%
Mortgage Pre-approval: 25.0%
Refinance / Debt Consolidation: 16.7%
New Home Purchase: 8.3%
Consolidate Mortgages: 8.3%
First-time Home Buyer: 8.3%
Second Mortgage: 8.3%
Total Application Types Found: 7

Age Demographics for Mill Bay Mortgages

Average age: 46
Oldest age: 73
Youngest age: 34

Incomes for Mill Bay Mortgages

The following figures show the average income of Canadians living in Mill Bay who have submitted a mortgage inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Mill Bay: $71,722.22
applicants within all of Canada: $60,852.54
Difference: $10,869.68
mortgage co-applicants in Mill Bay: $49,333.33
co-applicants within all of Canada: $43,965.51
Difference: $5,367.82

Note: Commercial loan amounts were not included for this report, only home loans from Mill Bay, British Columbia were used.

Last mortgage report update for Mill Bay: Friday, July 1, 2016
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British Columbia
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Chilliwack.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt21.57%
Mortgage Pre-approval20.92%
New Purchase16.34%
No Money Down discontinued12.42%
Mortgage Renewal8.50%
First-time Home Buyer7.84%