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Grand Falls Mortgage Information

Average Mortgage Loan in Grand Falls: $82,087

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 Grand Falls Ranks in New Brunswick for Mortgage Business

The following table lists how Grand Falls 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
6DIEPPE, NB 0.083%
7OROMOCTO, NB 0.080%
8BATHURST, NB 0.064%
10ROTHESAY, NB 0.033%
11GRAND FALLS, NB 0.031%
12ST STEPHEN, NB 0.029%
14SHEDIAC, NB 0.026%
15SUSSEX, NB 0.021%

Types of Mortgage Inquiries Received from Grand Falls

Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 44.4%
Mortgage Pre-approval: 22.2%
Refinance / Debt Consolidation: 16.7%
New Home Purchase: 5.6%
No Money Down Mortgage (discontinued): 5.6%
Pre-approval: 5.6%
Total Application Types Found: 6

Age Demographics for Grand Falls Applicants

Average age: 34
Oldest age: 48
Youngest age: 20

Incomes for Grand Falls Applicants

The information below represents the average income of applicants living in Grand Falls who have applied for a loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Grand Falls: $50,706.18
applicants within all of Canada: $60,852.54
Difference: ($10,146.37)
mortgage co-applicants in Grand Falls: $39,838.00
co-applicants within all of Canada: $43,965.51
Difference: ($4,127.51)

Note: Commercial loans were not included for this report, only home loans from Grand Falls, New Brunswick were used.

Last mortgage report update for Grand Falls: Friday, July 1, 2016
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