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Fredericton Mortgage Information

Average Mortgage Loan in Fredericton: $123,045

Busy Months for Mortgage Inquiries within Fredericton

The bar graph below shows the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Fredericton happen to occur during our second quarter (represented by the green bars) with 28.66% while our slowest is the fourth quarter (represented by the red bars) with 19.51%.

Busy Months Report for Fredericton Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 February: 12.8%
2 January: 10.4%
3 May: 10.4%
4 April: 10.4%
5 July: 9.8%
6 August: 9.8%
RankMonth Percentage of Applications
7 October: 9.8%
8 June: 7.9%
9 November: 6.1%
10 September: 4.9%
11 March: 4.3%
12 December: 3.7%

Busy Days for Applications within Fredericton

The data below plots the busy days for online mortgage applications that were received by the Super Brokers web site. A combined total of all occurrences of each day are represented for the past 5 years. In Fredericton the busiest day of the week, with 18.29% of all applications, is Wednesday. In comparison, Saturday's are the slowest day with only 7.93% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 18.3%
2 Monday: 17.7%
3 Sunday: 15.9%
4 Friday: 14.0%
5 Thursday: 14.0%
6 Tuesday: 12.2%
7 Saturday: 7.9%
Busy Days Report for Fredericton Mortgages

Peak Hours for Applicants within Fredericton

Fredericton mortgage applications are received 24 hours a day on our web site. The information shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years. Only 39.6% of all mortgages are received during the morning, while 53.7% arrive in the afternoon.


Peak Hours Graph for Mortgages in Fredericton
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.2%
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: 1.2%
5AM 05:00 to 05:59: 4.3%
6AM 06:00 to 06:59: 10.4%
7AM 07:00 to 07:59: 4.3%
8AM 08:00 to 08:59: 6.7%
9AM 09:00 to 09:59: 6.1%
10AM 10:00 to 10:59: 7.3%
11AM 11:00 to 11:59: 4.9%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.7%
1PM 13:00 to 13:59: 4.3%
2PM 14:00 to 14:59: 3.7%
3PM 15:00 to 15:59: 5.5%
4PM 16:00 to 16:59: 6.1%
5PM 17:00 to 17:59: 5.5%
6PM 18:00 to 18:59: 6.7%
7PM 19:00 to 19:59: 4.9%
8PM 20:00 to 20:59: 5.5%
9PM 21:00 to 21:59: 3.7%
10PM 22:00 to 22:59: 1.2%
11PM 23:00 to 23:59: 0%

New Brunswick 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 Fredericton Ranks in New Brunswick for Mortgage Business

The following table lists how Fredericton 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
1MONCTON, NB 0.325%
2SAINT JOHN, NB 0.290%
3FREDERICTON, NB 0.284%
4RIVERVIEW, NB 0.092%
5MIRAMICHI, NB 0.085%
6DIEPPE, NB 0.083%
7OROMOCTO, NB 0.080%
8BATHURST, NB 0.064%

Types of Mortgage Inquiries Received from Fredericton


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 28.7%
First-time Home Buyer: 25.0%
New Home Purchase: 17.7%
No Money Down Mortgage (discontinued): 11.0%
Refinance / Debt Consolidation: 7.3%
Mortgage Renewal: 4.3%
Other: 6%
 
Total Application Types Found: 11

Age Demographics for Fredericton Applicants

Average age: 35
Oldest age: 65
Youngest age: 20


Incomes for Fredericton Applicants

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

Average annual gross income for
mortgage applicants in Fredericton: $45,508.99
applicants within all of Canada: $60,852.54
Difference: ($15,343.55)
  
mortgage co-applicants in Fredericton: $31,730.18
co-applicants within all of Canada: $43,965.51
Difference: ($12,235.33)

Note: Commercial Mortgage loans were not included for this report, only home loans were used.


Last mortgage report update for Fredericton: Friday, July 1, 2016
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