Alberta Mortgage #MW-0511205, BC Mortgage #X028169,
FSCO (Ontario) #10315, Saskatchewan Mortgage #315872,
and all other provinces.
 
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Busy Days for Mortgage Applications within Vaughan

The information below plots the busy days for online applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Vaughan, the day with the most volume, generating 28.57% of all applications, is Wednesday. In comparison, Friday's are the slowest day with only 7.14% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Wednesday: 28.6%
2: Monday: 14.3%
3: Sunday: 14.3%
4: Saturday: 14.3%
5: Tuesday: 10.7%
6: Thursday: 10.7%
7: Friday: 7.1%
Busy Days Report for Vaughan Mortgages

Peak Hours for Originated Mortgages within Vaughan

In Vaughan, applications are received 24 hours a day on the Super Brokers web site. The information shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 39.3% of all mortgages are received before noon, while 53.6% arrive in the afternoon.


Peak Hours Graph for Mortgages in Vaughan
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 3.6%
1AM 01:00 to 01:59: 3.6%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 7.1%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 3.6%
9AM 09:00 to 09:59: 3.6%
10AM 10:00 to 10:59: 7.1%
11AM 11:00 to 11:59: 17.9%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.1%
1PM 13:00 to 13:59: 10.7%
2PM 14:00 to 14:59: 10.7%
3PM 15:00 to 15:59: 0%
4PM 16:00 to 16:59: 3.6%
5PM 17:00 to 17:59: 0%
6PM 18:00 to 18:59: 7.1%
7PM 19:00 to 19:59: 0%
8PM 20:00 to 20:59: 7.1%
9PM 21:00 to 21:59: 7.1%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 0%

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
127:HARROW, ON 0.051%
128:KENORA, ON 0.051%
129:KINCARDINE, ON 0.051%
130:TOTTENHAM, ON 0.051%
131:KAPUSKASING, ON 0.050%
132:VAUGHAN, ON 0.050%
133:GANANOQUE, ON 0.050%
134:NEWCASTLE, ON 0.050%
135:PRESCOTT, ON 0.050%
136:CHELMSFORD, ON 0.048%
137:GRAVENHURST, ON 0.048%


Age Demographics for Vaughan Mortgages

Average age: 38
Oldest age: 67
Youngest age: 25


Incomes for Vaughan Mortgages

The amounts below are the average income of Canadians living in Vaughan who have submitted a mortgage inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Vaughan: $96,766.19
applicants within all of Canada: $60,593.10
Difference: $36,173.09
  
mortgage co-applicants in Vaughan: $59,120.50
co-applicants within all of Canada: $43,761.59
Difference: $15,358.91

Since the average income of Vaughan is much higher than our Canadian national average, we have included the MEDIAN annual gross income for this area. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Vaughan: $68,815.50
applicants within all of Canada: $60,593.10
Difference: $8,222.40

Note: Commercial loan amounts were not included for this section, only residential loans amounts from Vaughan, Ontario were used.

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

Mortgage Product Type Inquiries
Mortgage Pre-approval25.93%
First-time Home Buyer24.87%
Mortgage Renewal14.29%
New Purchase11.64%
No Money Down discontinued8.47%
Refinance/Consolidate Debt7.94%
Other6.89%
 
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