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Busy Months for Mortgages Received within Kitchener

The graph below depicts the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Kitchener usually occur during our first quarter (represented by the brown bars) with 28.40% while our slowest is the fourth quarter (represented by the red bars) with 21.17%.

Busy Months Report for Kitchener Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 10.8%
2 January: 10.5%
3 April: 10.3%
4 May: 9.1%
5 September: 9.1%
6 November: 8.8%
RankMonth Percentage of Applications
7 June: 8.3%
8 October: 7.8%
9 August: 7.4%
10 February: 7.1%
11 July: 6.2%
12 December: 4.7%

Busy Days for Mortgage Inquiries within Kitchener

The information below shows the busy days for online mortgage applications that were received by the Super Brokers web site. Each day is a representation of the combined 6-year total of all instances of that day. In Kitchener, the day with the most volume, generating 19.45% of all submissions, is Tuesday. In comparison, Sunday's are the slowest day with only 9.47% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Tuesday: 19.4%
2: Thursday: 17.7%
3: Monday: 16.2%
4: Wednesday: 14.5%
5: Friday: 12.4%
6: Saturday: 10.3%
7: Sunday: 9.5%
Busy Days Report for Kitchener Mortgages

Peak Hours for Mortgage Applicants within Kitchener

In Kitchener, applications are received 24 hours a day via the Super Brokers' web site. The time periods below represents the rush hours within a 24-hour period. The data is taken from all days of all years. Only 35.8% of all mortgages are received during the morning, while 61.8% arrive in the afternoon.


Peak Hours Graph for Mortgages in Kitchener
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.9%
1AM 01:00 to 01:59: 0.9%
2AM 02:00 to 02:59: 0.7%
3AM 03:00 to 03:59: 0.5%
4AM 04:00 to 04:59: 0.9%
5AM 05:00 to 05:59: 1.0%
6AM 06:00 to 06:59: 2.1%
7AM 07:00 to 07:59: 5.0%
8AM 08:00 to 08:59: 6.2%
9AM 09:00 to 09:59: 6.9%
10AM 10:00 to 10:59: 6.2%
11AM 11:00 to 11:59: 7.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.7%
1PM 13:00 to 13:59: 6.0%
2PM 14:00 to 14:59: 7.4%
3PM 15:00 to 15:59: 7.2%
4PM 16:00 to 16:59: 4.6%
5PM 17:00 to 17:59: 5.7%
6PM 18:00 to 18:59: 5.7%
7PM 19:00 to 19:59: 5.3%
8PM 20:00 to 20:59: 5.5%
9PM 21:00 to 21:59: 3.6%
10PM 22:00 to 22:59: 1.9%
11PM 23:00 to 23:59: 2.1%

Ontario 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%

Current City Standing within Ontario

RankLocation Contribution
2:MISSISSAUGA, ON 2.384%
3:OTTAWA, ON 2.137%
4:LONDON, ON 1.500%
5:BRAMPTON, ON 1.486%
6:HAMILTON, ON 1.468%
7:KITCHENER, ON 1.031%
8:SCARBOROUGH, ON 0.857%
9:WINDSOR, ON 0.788%
10:BARRIE, ON 0.776%
11:BURLINGTON, ON 0.762%
12:GUELPH, ON 0.698%


Age Demographics for Kitchener Mortgage Applicants

Average age: 37
Oldest age: 78
Youngest age: 19


Incomes for Kitchener Mortgage Applicants

The figures below represent the average income of applicants living in Kitchener who have applied for a loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Kitchener: $56,564.64
applicants within all of Canada: $60,593.10
Difference: ($4,028.47)
  
mortgage co-applicants in Kitchener: $45,539.76
co-applicants within all of Canada: $43,761.59
Difference: $1,778.17

Note: Commercial Mortgage loans were not included for this report, only residential mortgages from Kitchener, Ontario 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 Woodstock.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt25.52%
Mortgage Pre-approval23.45%
New Purchase13.79%
First-time Home Buyer11.72%
Mortgage Renewal11.72%
No Money Down discontinued6.90%
Other6.9%