Mortgage Stats and Info for Newfoundland and Labrador, Canada
Busy Months
This graph depicts the volumes of applications received by Super Brokers in each month for all years combined. The busiest month for mortgages from Newfoundland and Labrador seems to occur in March with 10.9% of applications, while our slowest is December with 3.7%.
Busy Days
The information below compares the busy days for Internet applications that were received by the Super Brokers web site. Each day is a representation of the combined 5-year total of all instances of that day. In Newfoundland and Labrador the most busy day, with approximately 17.9% of all submissions, is Monday. In comparison, Sunday is the slowest day with only 10.9% of all inquiries.
Peak Hours
Newfoundland and Labrador mortgage applications are received 24 hours a day via the Super Brokers' web site. The report shown below represents the rush hours for mortgage applications in the day. 44.4% of all mortgages are received during the morning, while 55.6% arrive in the afternoon.
Busy Seasons
The pie chart below depicts the peak seasons for mortgage applications received by Super Brokers. The busiest season for mortgages in Newfoundland and Labrador generally occurs in Spring with 30.7% of applications, while the slow season is Winter with 19.0%.
Top Cities
| Average | |||||||
|---|---|---|---|---|---|---|---|
| Rank# | City/Town | % of Inquiries | Age | Income | Co-Income | Loan | |
| 1 | St. John's, NL | 0.265% | 37 | $53.7K | $32.1K | $120K | |
| 2 | Corner Brook, NL | 0.111% | 36 | $52.3K | $33.2K | $169K | |
| 3 | Mount Pearl, NL | 0.076% | 42 | $50.3K | $32.3K | $153K | |
| 4 | Conception Bay South, NL | 0.046% | 37 | $40.8K | $24.5K | $129K | |
| 5 | Paradise, NL | 0.043% | 35 | $69.1K | $35.6K | $148K | |
| 6 | Gander, NL | 0.038% | 35 | $46.2K | $21.8K | $109K | |
| 7 | Grand Falls-windsor, NL | 0.036% | 40 | $40.7K | $33.6K | $104K | |
| 8 | Portugal Cove–St. Philip's, NL | 0.032% | 38 | $61K | $42.3K | $103K | |
| 9 | Labrador City, NL | 0.022% | 36 | $67K | $41.5K | $147K | |
| 10 | Happy Valley-goose Bay, NL | 0.021% | 41 | $53.7K | $38.3K | $123K | |
| 11 | Goulds, NL | 0.019% | 32 | $43.7K | $61.9K | $106K | |
| 12 | Clarenville, NL | 0.017% | 32 | $51.5K | $36.3K | $163K | |
| 13 | Pasadena, NL | 0.017% | 40 | $53.7K | $25.9K | $195K | |
| 14 | Stephenville, NL | 0.016% | 39 | $47.1K | $120K | $128K | |
| 15 | Deer Lake, NL | 0.014% | 37 | $44.5K | $37K | $149K | |
| 16 | Carbonear, NL | 0.014% | 42 | $60.3K | $10,000 | $116K | |
| 17 | Doyles, NL | 0.011% | 55 | $42.3K | $35.5K | $93.3K | |
| 18 | Holyrood, NL | 0.011% | 50 | $39.9K | $60K | $185K | |
| 19 | Torbay, NL | 0.011% | 40 | $38.4K | $34.3K | $90K | |
| 20 | North West River, NL | - | 32 | $60.8K | $39.1K | $212K | |
| 21 | Spaniards Bay, NL | - | 34 | $49.5K | $17.3K | $114K | |
| 22 | Botwood, NL | - | 40 | $44.6K | $15K | $103K | |
| 23 | Marystown, NL | - | 33 | $89.1K | $2,000 | $220K | |
| 24 | Bishops Falls, NL | - | 30 | $38.3K | $4,000 | $84.9K | |
| 25 | Creston, NL | - | 35 | $65.2K | $36.7K | $125K | |
Age Ranges for Mortgage Applicants
In Newfoundland and Labrador, the median age for when home-buyers apply for a mortgage is 36. The youngest person to fill out a mortgage application online in Newfoundland and Labrador was 18, whereas the oldest was 72 years young.
Marital Status for Mortgage Applicants
When mortgage applicants in Newfoundland and Labrador apply for a mortgage, they enter a marital status, and the most frequent status' they report are Married with 48.2%, Single with 28.1%, Common Law with 17.0%, Separated with 3.6%, Divorced with 3.0%, and Widowed with 0.1%.
Mortgage Types
Of all of the mortgage applications in Newfoundland and Labrador, the 5 most prominent mortgage application types are Qualification with 19.8%, Purchase with 18.3%, Refinance with 17.9%, No Money Down with 15.5%, and First-time Buyer with 14.9%.
Current Living Arrangement
When asked on an online mortgage application if they own or rent and where they reside, the folks of Newfoundland and Labrador most frequently say: Rent with 43.2%, Own with 43.1%, and Live with parents with 8.0%.
