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Shawnigan Lake Mortgage Information

Average Mortgage Loan in Shawnigan Lake: $190,476

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 Shawnigan Lake Ranks in British Columbia for Mortgage Business

The following table lists how Shawnigan Lake 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
70SIDNEY, BC 0.031%
71ELKFORD, BC 0.029%
72OSOYOOS, BC 0.028%
74SICAMOUS, BC 0.026%
75FORT ST JAMES, BC 0.024%
76FRASER LAKE, BC 0.024%
77PRINCETON, BC 0.022%
78HOUSTON, BC 0.022%

Types of Mortgage Inquiries Received from Shawnigan Lake

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 18.8%
First-time Home Buyer: 18.8%
Commercial: 12.5%
Mortgage Renewal: 12.5%
Refinance / Debt Consolidation: 12.5%
New Home Purchase: 12.5%
No Money Down Mortgage (discontinued): 6.3%
Equity Mortgage: 6.3%
Total Application Types Found: 8

Age Demographics for Shawnigan Lake Based Mortgages

Average age: 46
Oldest age: 59
Youngest age: 34

Incomes for Shawnigan Lake Based Mortgages

The information below represents the average income of people living in Shawnigan Lake who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Shawnigan Lake: $64,346.00
applicants within all of Canada: $60,852.54
Difference: $3,493.46
mortgage co-applicants in Shawnigan Lake: $41,750.00
co-applicants within all of Canada: $43,965.51
Difference: ($2,215.51)

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

Last mortgage report update for Shawnigan Lake: Friday, July 1, 2016
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