Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
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Canadian Mortgage Stats and Info

Busy Months for Canadian Mortgage Originations

This bar graph depicts the volumes of online mortgage 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 29.72% while our slowest is the fourth quarter (represented by the red bars) with 18.10%.

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: 8.9%
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 below plots the busy days for mortgage applications that were received by 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 18.02% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 9.33% 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

Mortgage inquiries are received 24 hours a day on the Super Brokers web site. The information shown below indicates the peak hours in the day. The data is taken from all days of all years. Only 35.8% of all mortgages are received during the morning, 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: 6.9%
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: 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: 21.07%
British Columbia: 10.40%
Manitoba: 2.00%
New Brunswick: 2.53%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.31%
Prince Edward Island: 0.51%
Quebec: 3.94%
Saskatchewan: 5.04%
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
Loan
1CALGARY, AB 6.799% 37 $69,753 $49,577 $249,926
2EDMONTON, AB 4.364% 36 $61,267 $44,898 $226,166
3TORONTO, ON 4.353% 38 $73,599 $53,341 $271,830
4MISSISSAUGA, ON 2.356% 39 $65,927 $45,712 $239,395
5OTTAWA, ON 2.125% 37 $65,455 $48,841 $214,976
6REGINA, SK 1.718% 34 $49,236 $37,883 $142,267
7LONDON, ON 1.487% 37 $54,258 $41,367 $162,655
8BRAMPTON, ON 1.476% 38 $57,110 $41,638 $211,380
9HAMILTON, ON 1.454% 37 $52,078 $37,994 $156,821
10WINNIPEG, MB 1.101% 37 $53,417 $37,713 $158,431
11KITCHENER, ON 1.029% 37 $56,435 $45,508 $183,588
12VANCOUVER, BC 0.913% 39 $69,431 $49,113 $289,566
13SCARBOROUGH, ON 0.854% 38 $55,811 $41,494 $239,080
14MONTREAL, QC 0.811% 38 $65,519 $46,562 $229,945
15WINDSOR, ON 0.783% 36 $56,555 $42,087 $133,415
16BARRIE, ON 0.768% 36 $55,775 $37,811 $176,886
17BURLINGTON, ON 0.752% 39 $69,961 $46,026 $212,441
18SASKATOON, SK 0.749% 36 $54,977 $40,945 $176,553
19SURREY, BC 0.693% 39 $60,864 $46,062 $251,255
20GUELPH, ON 0.685% 36 $57,598 $41,034 $205,518
21OAKVILLE, ON 0.647% 41 $77,757 $49,437 $240,602
22FORT MCMURRAY, AB 0.645% 35 $101,297 $65,134 $349,795
23RED DEER, AB 0.638% 35 $61,542 $40,647 $210,822
24CAMBRIDGE, ON 0.624% 37 $56,581 $39,786 $182,535
25VICTORIA, BC 0.617% 40 $62,874 $44,587 $256,122
26OSHAWA, ON 0.614% 38 $55,235 $43,808 $157,438
27ST CATHARINES, ON 0.536% 36 $52,052 $36,121 $154,197
28NORTH YORK, ON 0.522% 38 $59,955 $50,775 $285,002
29ETOBICOKE, ON 0.515% 37 $57,049 $45,114 $240,189
30RICHMOND HILL, ON 0.512% 40 $74,305 $55,522 $232,508
31BRANTFORD, ON 0.494% 36 $49,926 $32,865 $152,957
32KINGSTON, ON 0.482% 38 $57,117 $45,670 $187,206
33GATINEAU, QC 0.446% 38 $60,567 $44,420 $172,935
34MARKHAM, ON 0.439% 37 $71,427 $51,967 $249,398
35HALIFAX, NS 0.436% 35 $53,111 $40,820 $178,596
36SAULT STE MARIE, ON 0.429% 36 $49,296 $41,636 $128,090
37LETHBRIDGE, AB 0.420% 38 $54,578 $33,299 $199,709
38SUDBURY, ON 0.401% 37 $63,551 $38,850 $164,291
39PETERBOROUGH, ON 0.401% 37 $51,125 $47,828 $157,124
40AJAX, ON 0.399% 39 $68,728 $44,059 $201,287
41WATERLOO, ON 0.398% 37 $61,317 $41,562 $218,152
42WHITEHORSE, YT 0.386% 38 $64,277 $48,750 $260,497
43SHERWOOD PARK, AB 0.380% 40 $74,466 $53,449 $234,112
44THUNDER BAY, ON 0.379% 37 $54,119 $39,076 $113,523
45WHITBY, ON 0.375% 38 $64,143 $53,115 $184,060
46GRANDE PRAIRIE, AB 0.367% 35 $71,109 $51,023 $201,275
47YELLOWKNIFE, NT 0.334% 35 $75,055 $66,993 $285,151
48BURNABY, BC 0.330% 37 $60,460 $45,726 $270,620
49MONCTON, NB 0.325% 34 $44,956 $33,780 $129,626
50NIAGARA FALLS, ON 0.323% 36 $46,631 $40,145 $148,927

Mortgage Inquiry Breakdown for all of Canada


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 21.6%
First-time Home Buyer: 17.3%
New Home Purchase: 15.3%
Refinance / Debt Consolidation: 14.2%
No Money Down Mortgage (discontinued): 11.7%
Mortgage Renewal: 10.2%
Other: 9.8%
 
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 figures below represent the average income of Canadians living in Canada who have applied for a home loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
applicants within all of Canada: $60,852.54
co-applicants within all of Canada: $43,965.51
Difference: $16,887.03

Note: Commercial loan amounts were not included for this survey, only residential loans were used.

Last mortgage report update for Canada: Friday, July 1, 2016
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