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Summerland Mortgage Information

Average Mortgage Loan in Summerland: $174,008

Peak Hours for Mortgage Applicants within Summerland

Summerland mortgage applications are received 24 hours a day from our web site. The time periods below represents the busy hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Summerland
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: 5.0%
8AM 08:00 to 08:59: 5.0%
9AM 09:00 to 09:59: 5.0%
10AM 10:00 to 10:59: 5.0%
11AM 11:00 to 11:59: 5.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.0%
1PM 13:00 to 13:59: 10.0%
2PM 14:00 to 14:59: 0%
3PM 15:00 to 15:59: 0%
4PM 16:00 to 16:59: 5.0%
5PM 17:00 to 17:59: 20.0%
6PM 18:00 to 18:59: 0%
7PM 19:00 to 19:59: 10.0%
8PM 20:00 to 20:59: 10.0%
9PM 21:00 to 21:59: 10.0%
10PM 22:00 to 22:59: 5.0%
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 Summerland Ranks in British Columbia for Mortgage Business

The following table lists how Summerland 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
59AGASSIZ, BC 0.036%
60PITT MEADOWS, BC 0.036%
61SMITHERS, BC 0.036%
62GIBSONS, BC 0.036%
63SALT SPRING ISLAND, BC 0.035%
64SUMMERLAND, BC 0.035%
65TUMBLER RIDGE, BC 0.035%
66HOPE, BC 0.035%
67ARMSTRONG, BC 0.035%
68QUALICUM BEACH, BC 0.033%
69WEST VANCOUVER, BC 0.033%

Types of Mortgage Inquiries Received from Summerland


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 30.0%
Mortgage Renewal: 20.0%
Refinance / Debt Consolidation: 15.0%
No Money Down Mortgage (discontinued): 15.0%
Commercial: 10.0%
Investment: 5.0%
First-time Home Buyer: 5.0%
 
Total Application Types Found: 7

Age Demographics for Summerland Applicants

Average age: 48
Oldest age: 85
Youngest age: 36


Incomes for Summerland Applicants

The amounts below are the average income of people living in Summerland who have applied for a mortgage loan using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Summerland: $63,992.20
applicants within all of Canada: $60,852.54
Difference: $3,139.66
  
mortgage co-applicants in Summerland: $36,500.00
co-applicants within all of Canada: $43,965.51
Difference: ($7,465.51)

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


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

Mortgage Product Type Inquiries
Mortgage Pre-approval26.09%
First-time Home Buyer16.30%
Refinance/Consolidate Debt16.30%
No Money Down discontinued13.04%
Mortgage Renewal10.87%
New Purchase7.61%
Other9.78%