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Mount Pearl Mortgage Information

Average Mortgage Loan in Mount Pearl: $173,593

Busy Months for Applications within Mount Pearl

This graph depicts the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Mount Pearl seem to occur during our first quarter (represented by the brown bars) with 29.41% while our slowest is the fourth quarter (represented by the red bars) with 17.65%.

Busy Months Report for Mount Pearl Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 13.7%
2 May: 11.8%
3 June: 11.8%
4 November: 9.8%
5 September: 9.8%
6 January: 7.8%
RankMonth Percentage of Applications
7 February: 7.8%
8 August: 7.8%
9 October: 7.8%
10 April: 5.9%
11 July: 5.9%
12 December: 1.0%

Busy Days for Mortgage Inquiries within Mount Pearl

The bar graph listed below compares the busy days for mortgage inquiries that were received by Super Brokers' web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Mount Pearl the busiest day, with approximately 27.45% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 7.84% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 27.4%
2 Monday: 17.6%
3 Wednesday: 17.6%
4 Friday: 9.8%
5 Thursday: 9.8%
6 Sunday: 9.8%
7 Saturday: 7.8%
Busy Days Report for Mount Pearl Mortgages

Peak Hours for Based Mortgages within Mount Pearl

Applications are received 24 hours a day on our web site. The time periods below indicates the rush hours in the day. The data is taken from all days of all years. Only 13.7% of all mortgages are received during the morning, while 49.0% arrive in the afternoon.


Peak Hours Graph for Mortgages in Mount Pearl
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: 2.0%
5AM 05:00 to 05:59: 5.9%
6AM 06:00 to 06:59: 5.9%
7AM 07:00 to 07:59: 11.8%
8AM 08:00 to 08:59: 5.9%
9AM 09:00 to 09:59: 5.9%
10AM 10:00 to 10:59: 9.8%
11AM 11:00 to 11:59: 3.9%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.9%
1PM 13:00 to 13:59: 11.8%
2PM 14:00 to 14:59: 5.9%
3PM 15:00 to 15:59: 5.9%
4PM 16:00 to 16:59: 3.9%
5PM 17:00 to 17:59: 5.9%
6PM 18:00 to 18:59: 5.9%
7PM 19:00 to 19:59: 2.0%
8PM 20:00 to 20:59: 0%
9PM 21:00 to 21:59: 2.0%
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 Mount Pearl Ranks in Newfoundland and Labrador for Mortgage Business

The following table lists how Mount Pearl 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
1ST JOHN'S, NL 0.289%
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%

Types of Mortgage Inquiries Received from Mount Pearl


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 25.5%
Refinance / Debt Consolidation: 21.6%
Mortgage Renewal: 15.7%
No Money Down Mortgage (discontinued): 15.7%
New Home Purchase: 13.7%
First-time Home Buyer: 5.9%
Other: 2%
 
Total Application Types Found: 7

Age Demographics for Mount Pearl Mortgage Applicants

Average age: 42
Oldest age: 66
Youngest age: 22


Incomes for Mount Pearl Mortgage Applicants

The following depicts the average income of people living in Mount Pearl who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Mount Pearl: $54,803.51
applicants within all of Canada: $60,852.54
Difference: ($6,049.03)
  
mortgage co-applicants in Mount Pearl: $38,179.54
co-applicants within all of Canada: $43,965.51
Difference: ($5,785.97)

Note: Commercial loans were not included for this survey, only residential mortgage loans were used.


Last mortgage report update for Mount Pearl: 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 St John's.

Mortgage Product Type Inquiries
Mortgage Pre-approval26.95%
First-time Home Buyer17.37%
No Money Down discontinued13.77%
Refinance/Consolidate Debt13.77%
Mortgage Renewal13.17%
New Purchase10.78%
Other4.2%