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Torbay Mortgage Information

Average Mortgage Loan in Torbay: $155,600

How Torbay Ranks in Newfoundland and Labrador for Mortgage Business

The following table lists how Torbay 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
19DEER LAKE, NL 0.012%
20NORTH WEST RIVER, NL 0.012%
21CARBONEAR, NL 0.012%
22BOTWOOD, NL 0.010%
23BAIE VERTE, NL 0.009%
24TORBAY, NL 0.009%
25KIPPENS, NL 0.009%
26BENOITS COVE, NL 0.009%
27LEWISPORTE, NL 0.009%
28NORMANS COVE, NL 0.009%
29SPANIARDS BAY, NL 0.007%

Types of Mortgage Inquiries Received from Torbay


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 40.0%
New Home Purchase: 20.0%
No Money Down Mortgage (discontinued): 20.0%
Variable Rate: 20.0%
 
Total Application Types Found: 4

Age Demographics for Torbay Mortgages

Average age: 33
Oldest age: 44
Youngest age: 26


Incomes for Torbay Mortgages

The figures below represent the average income of applicants living in Torbay who have submitted a mortgage inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Torbay: $42,100.00
applicants within all of Canada: $60,852.54
Difference: ($18,752.54)
  

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


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