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Powell River Mortgage Information

Average Mortgage Loan in Powell River: $191,083

Peak Hours for Mortgage Applicants within Powell River

In Powell River, mortgages are received 24 hours a day from our web site. The graph shown below represents the rush hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Powell River
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 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: 4.3%
9AM 09:00 to 09:59: 8.7%
10AM 10:00 to 10:59: 8.7%
11AM 11:00 to 11:59: 0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 21.7%
1PM 13:00 to 13:59: 8.7%
2PM 14:00 to 14:59: 4.3%
3PM 15:00 to 15:59: 4.3%
4PM 16:00 to 16:59: 4.3%
5PM 17:00 to 17:59: 13.0%
6PM 18:00 to 18:59: 0%
7PM 19:00 to 19:59: 0%
8PM 20:00 to 20:59: 4.3%
9PM 21:00 to 21:59: 13.0%
10PM 22:00 to 22:59: 4.3%
11PM 23:00 to 23:59: 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 Powell River Ranks in British Columbia for Mortgage Business

The following table lists how Powell River 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
47COMOX, BC 0.045%
48WHITE ROCK, BC 0.043%
49SQUAMISH, BC 0.041%
50KITIMAT, BC 0.040%
51CASTLEGAR, BC 0.040%
52POWELL RIVER, BC 0.040%
53PARKSVILLE, BC 0.040%
54FORT NELSON, BC 0.038%
55CRESTON, BC 0.038%
56GOLDEN, BC 0.038%
57ALDERGROVE, BC 0.036%

Types of Mortgage Inquiries Received from Powell River


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 30.4%
First-time Home Buyer: 17.4%
New Home Purchase: 17.4%
Refinance / Debt Consolidation: 13.0%
No Money Down Mortgage (discontinued): 4.3%
Mortgage Renewal: 4.3%
Equity Mortgage: 4.3%
Investment: 4.3%
HELOC: 4.3%
 
Total Application Types Found: 9

Age Demographics for Powell River Mortgages

Average age: 39
Oldest age: 69
Youngest age: 21


Incomes for Powell River Mortgages

The amounts shown below represent the average income of people living in Powell River 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 Powell River: $70,800.00
applicants within all of Canada: $60,852.54
Difference: $9,947.46
  
mortgage co-applicants in Powell River: $29,857.14
co-applicants within all of Canada: $43,965.51
Difference: ($14,108.37)

Note: Commercial Mortgage loans were not included for this survey, only residential mortgage loan amounts were used.


Last mortgage report update for Powell River: 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 Port Alberni.

Mortgage Product Type Inquiries
Mortgage Pre-approval26.32%
Refinance/Consolidate Debt19.30%
No Money Down discontinued19.30%
First-time Home Buyer15.79%
New Purchase10.53%
Mortgage Renewal5.26%
Other3.5%
 
Did you know? The average home loan in Williams Lake is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
British Columbia