Canadian Licensing Info: Alberta Mortgage #MW-0511205,
BC Mortgage #X028169, FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
PRESENTED BY

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Canadian Mortgage Stats and Info

Busy Months for Canadian Mortgage Originations

The following bar graph displays the volumes of online 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 29.75% while our slowest is the fourth quarter (represented by the red bars) with 18.15%.

Busy Months Report for Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 10.4%
2 April: 10.0%
3 January: 10.0%
4 May: 9.8%
5 February: 9.3%
6 June: 8.7%
RankMonth Percentage of Applications
7 July: 8.3%
8 August: 8.0%
9 September: 7.2%
10 October: 7.2%
11 November: 6.3%
12 December: 4.7%

Busy Days for Canadian Mortgage Originations

The graph listed below compares the busy days for online inquiries 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 Canada, the day with the most volume, generating 18.03% 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: 15.1%
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

In Canada, mortgages are received 24 hours a day on our web site. The graph shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.3%
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: 5.0%
9AM 09:00 to 09:59: 6.1%
10AM 10:00 to 10:59: 6.9%
11AM 11:00 to 11:59: 7.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.3%
1PM 13:00 to 13:59: 7.0%
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 and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.16%
British Columbia: 10.37%
Manitoba: 1.99%
New Brunswick: 2.51%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.28%
Prince Edward Island: 0.50%
Quebec: 3.94%
Saskatchewan: 5.05%
Yukon: 0.47%

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
1CALGARY, AB 6.835% 37 $69,708 $49,660 $250,209
2EDMONTON, AB 4.379% 36 $61,307 $45,070 $226,169
3TORONTO, ON 4.346% 38 $73,392 $53,231 $271,291
4MISSISSAUGA, ON 2.352% 39 $66,084 $45,585 $239,245
5OTTAWA, ON 2.116% 37 $65,371 $48,851 $215,186
6REGINA, SK 1.721% 34 $49,106 $37,683 $142,734
7LONDON, ON 1.487% 37 $54,293 $41,703 $162,278
8BRAMPTON, ON 1.468% 38 $57,203 $41,498 $210,901
9HAMILTON, ON 1.452% 37 $52,096 $38,286 $157,267
10WINNIPEG, MB 1.095% 37 $53,050 $37,793 $158,397
11KITCHENER, ON 1.033% 37 $56,284 $45,393 $183,430
12VANCOUVER, BC 0.915% 39 $69,232 $48,907 $289,210
13SCARBOROUGH, ON 0.856% 38 $55,989 $41,205 $239,670
14MONTREAL, QC 0.811% 38 $65,491 $46,779 $228,552
15WINDSOR, ON 0.782% 37 $56,541 $42,071 $133,653
16BARRIE, ON 0.766% 36 $55,838 $37,815 $175,730
17SASKATOON, SK 0.756% 36 $55,214 $40,869 $176,207
18BURLINGTON, ON 0.750% 39 $69,741 $46,132 $210,839
19SURREY, BC 0.691% 39 $61,006 $46,024 $249,069
20GUELPH, ON 0.688% 36 $57,648 $41,034 $205,518
21FORT MCMURRAY, AB 0.650% 35 $101,619 $65,086 $350,392
22RED DEER, AB 0.645% 35 $61,500 $40,404 $211,190
23OAKVILLE, ON 0.645% 41 $77,490 $49,437 $240,590
24CAMBRIDGE, ON 0.620% 37 $56,457 $39,561 $182,366
25VICTORIA, BC 0.615% 40 $62,755 $44,604 $254,600
26OSHAWA, ON 0.612% 38 $55,219 $43,752 $159,049
27ST CATHARINES, ON 0.539% 37 $52,369 $37,261 $156,852
28NORTH YORK, ON 0.518% 38 $59,629 $50,934 $283,190
29ETOBICOKE, ON 0.513% 37 $57,141 $45,158 $240,251
30RICHMOND HILL, ON 0.510% 40 $74,174 $55,522 $232,528
31BRANTFORD, ON 0.490% 36 $50,025 $32,865 $153,974
32KINGSTON, ON 0.482% 38 $57,475 $45,667 $186,614
33GATINEAU, QC 0.445% 38 $60,549 $44,420 $173,360
34HALIFAX, NS 0.442% 35 $53,139 $40,720 $179,060
35MARKHAM, ON 0.438% 37 $71,508 $51,967 $248,776
36SAULT STE MARIE, ON 0.433% 36 $49,195 $41,936 $128,536
37LETHBRIDGE, AB 0.421% 38 $54,527 $33,258 $199,568
38PETERBOROUGH, ON 0.406% 37 $51,125 $47,828 $157,124
39AJAX, ON 0.404% 39 $68,542 $43,969 $201,048
40SUDBURY, ON 0.402% 37 $63,803 $39,126 $164,498
41WATERLOO, ON 0.397% 37 $61,413 $41,562 $218,609
42WHITEHORSE, YT 0.386% 38 $64,041 $48,750 $260,584
43SHERWOOD PARK, AB 0.383% 40 $74,254 $53,236 $229,681
44THUNDER BAY, ON 0.374% 37 $54,272 $39,076 $113,627
45WHITBY, ON 0.374% 38 $63,870 $53,115 $182,707
46GRANDE PRAIRIE, AB 0.360% 35 $70,911 $49,990 $203,704
47YELLOWKNIFE, NT 0.333% 36 $74,856 $66,618 $284,056
48BURNABY, BC 0.329% 37 $60,885 $46,038 $271,985
49NIAGARA FALLS, ON 0.322% 36 $46,618 $40,145 $148,791
50MONCTON, NB 0.321% 34 $45,033 $33,780 $129,650

Mortgage Inquiry Breakdown for all of Canada


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 21.5%
First-time Home Buyer: 17.2%
New Home Purchase: 15.4%
Refinance / Debt Consolidation: 14.2%
No Money Down Mortgage (discontinued): 11.7%
Mortgage Renewal: 10.2%
Other: 9.9%
 
Total Application Types Found: 25

Age Demographics for Online Mortgage Inquiries in Canada

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


Incomes for Online Mortgage Inquiries

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

Average annual gross income for
applicants within all of Canada: $60,841.69
co-applicants within all of Canada: $44,024.91
Difference: $16,816.78

Note: Commercial Mortgages were not included for this survey, only residential mortgages were used.

Last mortgage report update for Canada: Wednesday, May 20, 2015
Mortgage Quote
 
Not All Brokers Offer Great Rates
The majority of brokers in Canada limit themselves to using a small network of lenders. We however, have access to dozens of lenders and the lowest mortgage rates in Canada.
Mortgage Rates
 
Mortgage Calculators
We took all of your suggestions over the years and added them all to our new and improved mortgage calculators. We think they're pretty good, but don't take our word for it, try them it out for yourself!
Mortgage Calculators