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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%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage 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% |
| Rank | Month | 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% |
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.
| Time | Period (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% |
| Time | Period (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.
- Alberta Mortgages
- British Columbia Mortgages
- Manitoba Mortgages
- New Brunswick Mortgages
- Newfoundland Mortgages
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- PEI Mortgages
- Quebec Mortgages
- Saskatchewan Mortgages
- Yukon Mortgages
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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-approval | 29.06% | |
| First-time Home Buyer | 13.68% | |
| New Purchase | 13.68% | |
| Refinance/Consolidate Debt | 11.97% | |
| Mortgage Renewal | 11.11% | |
| No Money Down discontinued | 10.26% | |
| Other | 10.23% |
Did you know? The average home loan in Kamloops is:
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