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Charlottetown Mortgage Information

Average Mortgage Loan in Charlottetown: $128,741

Busy Months for Mortgage Applications within Charlottetown

This graph displays the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Charlottetown usually occur during our third quarter (represented by the blue bars) with 33.03% while our slowest is the fourth quarter (represented by the red bars) with 15.60%.

Busy Months Report for Charlottetown Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 August: 11.9%
2 July: 11.0%
3 April: 10.1%
4 September: 10.1%
5 February: 9.2%
6 January: 8.3%
RankMonth Percentage of Applications
7 May: 8.3%
8 June: 8.3%
9 December: 7.3%
10 March: 7.3%
11 October: 4.6%
12 November: 3.7%

Busy Days for Applications within Charlottetown

The bar graph below plots the busy days for mortgage inquiries that were received by Super Brokers' web site. A combined total of all occurrences of each day are represented for the past 5 years. In Charlottetown the busiest day, with 22.02% of all inquiries, is Thursday. In comparison, Saturday's are the slowest day with only 7.34% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Thursday: 22.0%
2 Monday: 17.4%
3 Tuesday: 17.4%
4 Friday: 16.5%
5 Sunday: 10.1%
6 Wednesday: 9.2%
7 Saturday: 7.3%
Busy Days Report for Charlottetown Mortgages

Peak Hours for Originated Mortgages within Charlottetown

In Charlottetown, mortgages are received 24 hours a day on the Mortgage Super Brokers web site. The graph shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Charlottetown
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: 0.9%
4AM 04:00 to 04:59: 0.9%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 5.5%
7AM 07:00 to 07:59: 2.8%
8AM 08:00 to 08:59: 2.8%
9AM 09:00 to 09:59: 9.2%
10AM 10:00 to 10:59: 8.3%
11AM 11:00 to 11:59: 8.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 3.7%
1PM 13:00 to 13:59: 9.2%
2PM 14:00 to 14:59: 8.3%
3PM 15:00 to 15:59: 8.3%
4PM 16:00 to 16:59: 4.6%
5PM 17:00 to 17:59: 7.3%
6PM 18:00 to 18:59: 7.3%
7PM 19:00 to 19:59: 4.6%
8PM 20:00 to 20:59: 5.5%
9PM 21:00 to 21:59: 2.8%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 0%

Prince Edward Island 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 Charlottetown Ranks in Prince Edward Island for Mortgage Business

The following table lists how Charlottetown 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
1CHARLOTTETOWN, PE 0.188%
2SUMMERSIDE, PE 0.040%
3STRATFORD, PE 0.035%
4CORNWALL, PE 0.031%
5MONTAGUE, PE 0.022%
6SOURIS, PE 0.019%

Types of Mortgage Inquiries Received from Charlottetown


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 23.9%
New Home Purchase: 22.9%
Mortgage Pre-approval: 15.6%
No Money Down Mortgage (discontinued): 14.7%
Refinance / Debt Consolidation: 13.8%
Other: 9.2%
 
Total Application Types Found: 10

Age Demographics for Charlottetown Based Mortgages

Average age: 36
Oldest age: 67
Youngest age: 20


Incomes for Charlottetown Based Mortgages

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

Average annual gross income for
mortgage applicants in Charlottetown: $44,815.52
applicants within all of Canada: $60,852.54
Difference: ($16,037.03)
  
mortgage co-applicants in Charlottetown: $30,851.38
co-applicants within all of Canada: $43,965.51
Difference: ($13,114.14)

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


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