Alberta Mortgage #MW-0511205, BC Mortgage #X028169,
FSCO (Ontario) #10315, Saskatchewan Mortgage #315872,
and all other provinces.
 
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Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Busy Months for Canadian Mortgage Originations

The 6-year bar graph below represents the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages occur during our first quarter (represented by the brown bars) with 29.70% while our slowest is the fourth quarter (represented by the red bars) with 18.19%.

Busy Months Report for Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 10.5%
2 April: 10.0%
3 January: 9.9%
4 May: 9.8%
5 February: 9.3%
6 June: 8.7%
RankMonth Percentage of Applications
7 July: 8.3%
8 August: 8.1%
9 September: 7.3%
10 October: 7.2%
11 November: 6.3%
12 December: 4.7%

Busy Days for Canadian Mortgage Originations

The information below illustrates the busy days for online mortgage applications that were received by the Super Brokers web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Canada the busiest day, with approximately 18.04% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 9.32% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Monday: 18.0%
2: Tuesday: 17.9%
3: Wednesday: 16.4%
4: Thursday: 15.0%
5: Friday: 12.3%
6: Sunday: 11.0%
7: Saturday: 9.3%
Busy Days Report for Mortgages in Canada

Peak Hours for Canadian Mortgage Originations

Canada mortgage applications are received 24 hours a day from the Super Brokers' web site. The following represents the busy hours in the day. The data is taken from all days of all years. Only 35.8% of all mortgages are received before noon, while 64.2% arrive in the afternoon.


Peak Hours Graph for Mortgages in
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.2%
1AM 01:00 to 01:59: 0.8%
2AM 02:00 to 02:59: 0.4%
3AM 03:00 to 03:59: 0.5%
4AM 04:00 to 04:59: 0.6%
5AM 05:00 to 05:59: 1.2%
6AM 06:00 to 06:59: 2.2%
7AM 07:00 to 07:59: 3.6%
8AM 08:00 to 08:59: 5.1%
9AM 09:00 to 09:59: 6.1%
10AM 10:00 to 10:59: 7.0%
11AM 11:00 to 11:59: 7.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.4%
1PM 13:00 to 13:59: 6.9%
2PM 14:00 to 14:59: 6.7%
3PM 15:00 to 15:59: 6.1%
4PM 16:00 to 16:59: 5.5%
5PM 17:00 to 17:59: 5.6%
6PM 18:00 to 18:59: 5.8%
7PM 19:00 to 19:59: 5.4%
8PM 20:00 to 20:59: 5.2%
9PM 21:00 to 21:59: 4.3%
10PM 22:00 to 22:59: 3.2%
11PM 23:00 to 23:59: 2.1%

Mortgage Originations Compared to all other Provinces


Online Mortgage Origination for the Province of Percentage of Applications
Alberta: 20.83%
British Columbia: 10.42%
Manitoba: 1.98%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.31%
Northwest Territories: 0.48%
Nunavut: 0.10%
Ontario: 47.68%
Prince Edward Island: 0.51%
Quebec: 3.96%
Saskatchewan: 5.03%
Yukon: 0.48%

Top Producing Cities / Towns for Mortgages within Canada

Rank City or Town within
Canada
Percentage
of Inquiries
Avg
Age
Average
Income
Average
Co-Income
Average
Home Loan
1:CALGARY, AB 6.769% 37 $69,415 $49,321 $247,698
2:TORONTO, ON 4.415% 38 $73,433 $53,260 $270,729
3:EDMONTON, AB 4.362% 36 $60,971 $44,856 $224,999
4:MISSISSAUGA, ON 2.384% 39 $65,854 $45,640 $237,865
5:OTTAWA, ON 2.137% 37 $65,131 $48,926 $214,029
6:REGINA, SK 1.749% 34 $49,138 $37,436 $141,492
7:LONDON, ON 1.500% 37 $54,264 $41,379 $162,354
8:BRAMPTON, ON 1.486% 38 $57,121 $41,296 $208,820
9:HAMILTON, ON 1.468% 37 $51,927 $38,004 $156,122
10:WINNIPEG, MB 1.090% 37 $52,684 $37,345 $155,716
11:KITCHENER, ON 1.031% 37 $56,564 $45,539 $183,779
12:VANCOUVER, BC 0.923% 39 $69,064 $48,907 $288,750
13:SCARBOROUGH, ON 0.857% 38 $55,785 $41,164 $237,038
14:MONTREAL, QC 0.822% 38 $65,392 $46,562 $228,652
15:WINDSOR, ON 0.788% 36 $56,724 $41,634 $133,794
16:BARRIE, ON 0.776% 36 $55,742 $37,650 $174,823
17:BURLINGTON, ON 0.762% 39 $69,933 $46,360 $210,226
18:SASKATOON, SK 0.753% 36 $54,767 $40,988 $174,469
19:SURREY, BC 0.699% 39 $61,177 $46,111 $247,727
20:GUELPH, ON 0.698% 36 $57,373 $40,830 $205,136
21:OAKVILLE, ON 0.652% 41 $77,651 $49,386 $238,628
22:FORT MCMURRAY, AB 0.639% 35 $100,599 $63,537 $348,676
23:RED DEER, AB 0.636% 35 $60,854 $40,676 $210,711
24:CAMBRIDGE, ON 0.634% 37 $56,535 $39,694 $181,969
25:OSHAWA, ON 0.621% 38 $55,160 $43,752 $157,104
26:VICTORIA, BC 0.618% 40 $62,194 $44,544 $251,706
27:ST CATHARINES, ON 0.541% 36 $52,037 $36,295 $153,949
28:ETOBICOKE, ON 0.522% 37 $57,035 $45,029 $239,495
29:NORTH YORK, ON 0.518% 38 $59,492 $50,934 $280,226
30:RICHMOND HILL, ON 0.513% 40 $74,155 $55,549 $230,508
31:BRANTFORD, ON 0.497% 36 $49,992 $32,873 $153,786
32:KINGSTON, ON 0.490% 38 $57,234 $45,693 $186,493
33:GATINEAU, QC 0.449% 38 $60,527 $44,420 $172,873
34:MARKHAM, ON 0.446% 37 $71,359 $51,967 $248,778
35:SAULT STE MARIE, ON 0.440% 36 $49,296 $41,636 $128,090
36:HALIFAX, NS 0.440% 35 $52,802 $40,820 $177,628
37:LETHBRIDGE, AB 0.428% 38 $54,709 $33,299 $198,778
38:SUDBURY, ON 0.410% 37 $63,678 $38,850 $164,291
39:AJAX, ON 0.408% 39 $68,822 $44,059 $201,287
40:PETERBOROUGH, ON 0.407% 37 $51,246 $47,314 $156,532
41:WATERLOO, ON 0.403% 37 $61,399 $41,562 $218,071
42:WHITEHORSE, YT 0.391% 38 $63,645 $48,497 $258,732
43:SHERWOOD PARK, AB 0.385% 40 $74,341 $53,179 $231,264
44:THUNDER BAY, ON 0.382% 37 $54,307 $39,076 $113,703
45:WHITBY, ON 0.378% 38 $63,730 $53,424 $180,182
46:GRANDE PRAIRIE, AB 0.350% 35 $70,879 $47,693 $205,813
47:BURNABY, BC 0.336% 37 $60,741 $46,038 $271,169
48:YELLOWKNIFE, NT 0.330% 35 $74,796 $66,509 $281,320
49:KELOWNA, BC 0.325% 41 $63,946 $36,349 $222,604
50:MONCTON, NB 0.325% 34 $44,997 $33,458 $129,679

Age Demographics for Online Mortgage Inquiries in Canada

Average age: 38
Oldest age: 90
Youngest age: 19


Incomes for Online Mortgage Inquiries

The following figures show the average income of applicants living in Canada who have submitted a mortgage inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
applicants within all of Canada: $60,593.10
co-applicants within all of Canada: $43,761.59
Difference: $16,831.52

Note: Commercial loans were not included for this section, only home loans were used.

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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Woodbridge.

Mortgage Product Type Inquiries
Mortgage Pre-approval29.06%
First-time Home Buyer13.68%
New Purchase13.68%
Refinance/Consolidate Debt11.97%
Mortgage Renewal11.11%
No Money Down discontinued10.26%
Other10.23%
 
Did you know? The average home loan in Kamloops is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
British Columbia