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Labrador City Mortgage Information

Average Mortgage Loan in Labrador City: $156,000

How Labrador City Ranks in Newfoundland and Labrador for Mortgage Business

The following table lists how Labrador City 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
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%
13MARYSTOWN, NL 0.017%
14PASADENA, NL 0.016%
15STEPHENVILLE, NL 0.014%

Types of Mortgage Inquiries Received from Labrador City


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 23.1%
Mortgage Pre-approval: 23.1%
No Money Down Mortgage (discontinued): 23.1%
New Home Purchase: 15.4%
First-time Home Buyer: 15.4%
 
Total Application Types Found: 5

Age Demographics for Labrador City Mortgage Applicants

Average age: 35
Oldest age: 59
Youngest age: 24


Incomes for Labrador City Mortgage Applicants

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

Average annual gross income for
mortgage applicants in Labrador City: $65,769.23
applicants within all of Canada: $60,852.54
Difference: $4,916.69
  
mortgage co-applicants in Labrador City: $41,040.00
co-applicants within all of Canada: $43,965.51
Difference: ($2,925.51)

Note: Commercial Mortgage loans were not included for this section, only residential loans amounts from Labrador City, Newfoundland and Labrador were used.

Last mortgage report update for Labrador City: Friday, July 1, 2016
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