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Gander Mortgage Information

Average Mortgage Loan in Gander: $102,923

Peak Hours for Mortgage Applicants within Gander

Mortgage applications are received 24 hours a day on the Mortgage Super Brokers web site. The information shown below represents the rush hours within a 24-hour period. The data is taken from all days of all years. Only 15.0% of all mortgages are received during the morning, while 45.0% arrive in the afternoon.


Peak Hours Graph for Mortgages in Gander
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: 10.0%
6AM 06:00 to 06:59: 5.0%
7AM 07:00 to 07:59: 10.0%
8AM 08:00 to 08:59: 10.0%
9AM 09:00 to 09:59: 5.0%
10AM 10:00 to 10:59: 15.0%
11AM 11:00 to 11:59: 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: 5.0%
4PM 16:00 to 16:59: 5.0%
5PM 17:00 to 17:59: 5.0%
6PM 18:00 to 18:59: 5.0%
7PM 19:00 to 19:59: 0%
8PM 20:00 to 20:59: 10.0%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 0%

Newfoundland and Labrador 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 Gander Ranks in Newfoundland and Labrador for Mortgage Business

The following table lists how Gander 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
2CORNER BROOK, NL 0.121%
3MOUNT PEARL, NL 0.088%
4PARADISE, NL 0.052%
5GRAND FALLS-WINDSOR, NL 0.050%
6CONCEPTION BAY SOUTH, NL 0.048%
7GANDER, NL 0.035%
8PORTUGAL COVE-ST PHILIPS, NL 0.033%
9HAPPY VALLEY-GOOSE BAY, NL 0.022%
10LABRADOR CITY, NL 0.022%
11GOULDS, NL 0.019%
12CLARENVILLE, NL 0.017%

Types of Mortgage Inquiries Received from Gander


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 25.0%
Refinance / Debt Consolidation: 20.0%
New Home Purchase: 20.0%
No Money Down Mortgage (discontinued): 20.0%
Mortgage Pre-approval: 10.0%
Pre-approval: 5.0%
 
Total Application Types Found: 6

Age Demographics for Gander Mortgage Applicants

Average age: 34
Oldest age: 57
Youngest age: 23


Incomes for Gander Mortgage Applicants

The following figures show the average income of Canadians living in Gander who have applied for a home loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Gander: $52,444.61
applicants within all of Canada: $60,852.54
Difference: ($8,407.93)
  
mortgage co-applicants in Gander: $30,200.00
co-applicants within all of Canada: $43,965.51
Difference: ($13,765.51)

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


Last mortgage report update for Gander: 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 Corner Brook.

Mortgage Product Type Inquiries
New Purchase30.00%
Mortgage Pre-approval24.29%
No Money Down discontinued15.71%
First-time Home Buyer14.29%
Refinance/Consolidate Debt5.71%
Other10.01%
 
Mortgage Payments Calculator
A different down payment amount can make the difference between buying a house and buying your dream house. Our mortgage calculator can show you how a change in your down payment amount can affect how much you pay in interest, either saving you thousands or giving you the room to buy that house you've always wanted.
Mortgage Payments Calc