Canadian Licensing Info: Alberta Mortgage #MW-0511205,
BC Mortgage #X028169, 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

The following bar graph displays the volumes of Internet 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 29.61% while our slowest is the fourth quarter (represented by the red bars) with 18.06%.

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: 9.9%
5 February: 9.3%
6 June: 8.8%
RankMonth Percentage of Applications
7 July: 8.4%
8 August: 8.0%
9 September: 7.2%
10 October: 7.2%
11 November: 6.2%
12 December: 4.7%

Busy Days for Canadian Mortgage Originations

The graph listed below displays the busy days for online applications that were received by the Super Brokers web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Canada the most busy day of the week, with 18.01% of all submissions, 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 from the Mortgage Super Brokers web site. The time periods below represents 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: 1.2%
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: 5.0%
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: 21.18%
British Columbia: 10.35%
Manitoba: 2.00%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.48%
Nunavut: 0.09%
Ontario: 47.21%
Prince Edward Island: 0.50%
Quebec: 3.93%
Saskatchewan: 5.06%
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 6.836% 37 $69,749 $49,681 $250,694
2EDMONTON, AB 4.378% 36 $61,373 $45,098 $226,248
3TORONTO, ON 4.333% 38 $73,449 $53,224 $271,691
4MISSISSAUGA, ON 2.349% 39 $66,091 $45,681 $239,083
5OTTAWA, ON 2.115% 37 $65,322 $48,851 $215,496
6REGINA, SK 1.716% 34 $49,158 $37,825 $143,718
7LONDON, ON 1.482% 37 $54,369 $41,661 $162,423
8BRAMPTON, ON 1.465% 38 $57,182 $41,498 $211,207
9HAMILTON, ON 1.454% 37 $52,036 $38,325 $157,311
10WINNIPEG, MB 1.099% 37 $53,168 $37,810 $158,719
11KITCHENER, ON 1.028% 37 $56,284 $45,393 $183,430
12VANCOUVER, BC 0.911% 39 $69,232 $48,907 $289,210
13SCARBOROUGH, ON 0.852% 38 $55,989 $41,205 $239,670
14MONTREAL, QC 0.812% 38 $65,464 $46,779 $228,228
15WINDSOR, ON 0.780% 37 $56,668 $42,071 $133,981
16BARRIE, ON 0.762% 36 $55,838 $37,815 $175,730
17SASKATOON, SK 0.761% 36 $55,355 $40,773 $176,576
18BURLINGTON, ON 0.752% 39 $69,936 $46,417 $210,474
19SURREY, BC 0.692% 39 $61,638 $45,932 $250,906
20GUELPH, ON 0.687% 36 $57,662 $41,034 $205,758
21FORT MCMURRAY, AB 0.647% 35 $101,619 $65,086 $350,392
22OAKVILLE, ON 0.643% 41 $77,490 $49,662 $239,906
23RED DEER, AB 0.642% 35 $61,500 $40,404 $211,190
24CAMBRIDGE, ON 0.621% 37 $56,454 $39,561 $182,585
25OSHAWA, ON 0.612% 38 $55,321 $43,752 $159,695
26VICTORIA, BC 0.612% 40 $62,755 $44,604 $254,600
27ST CATHARINES, ON 0.538% 37 $52,264 $37,261 $156,758
28NORTH YORK, ON 0.521% 38 $59,571 $50,934 $283,192
29ETOBICOKE, ON 0.512% 37 $57,141 $45,158 $240,251
30RICHMOND HILL, ON 0.507% 40 $74,174 $55,522 $232,528
31BRANTFORD, ON 0.490% 36 $49,973 $33,173 $154,425
32KINGSTON, ON 0.480% 38 $57,475 $45,667 $186,614
33GATINEAU, QC 0.443% 38 $60,549 $44,420 $173,360
34HALIFAX, NS 0.443% 35 $53,134 $41,105 $179,722
35MARKHAM, ON 0.436% 37 $71,508 $51,967 $248,776
36SAULT STE MARIE, ON 0.431% 36 $49,195 $41,936 $128,536
37LETHBRIDGE, AB 0.421% 38 $54,599 $33,258 $199,568
38PETERBOROUGH, ON 0.405% 37 $51,125 $47,828 $157,623
39AJAX, ON 0.402% 39 $68,542 $43,969 $201,048
40SUDBURY, ON 0.400% 37 $63,803 $39,126 $164,498
41WATERLOO, ON 0.395% 37 $61,413 $41,562 $218,609
42WHITEHORSE, YT 0.388% 38 $64,410 $49,388 $261,149
43SHERWOOD PARK, AB 0.386% 40 $74,693 $53,317 $229,957
44THUNDER BAY, ON 0.374% 37 $54,542 $39,076 $114,051
45WHITBY, ON 0.373% 38 $63,870 $53,115 $182,707
46GRANDE PRAIRIE, AB 0.361% 35 $70,796 $49,990 $203,399
47YELLOWKNIFE, NT 0.333% 36 $74,991 $66,962 $284,425
48BURNABY, BC 0.331% 37 $60,849 $45,845 $272,960
49NIAGARA FALLS, ON 0.323% 36 $46,433 $39,831 $148,669
50KELOWNA, BC 0.319% 42 $64,715 $36,349 $222,604

Mortgage Inquiry Breakdown for all of Canada


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 21.4%
First-time Home Buyer: 17.2%
New Home Purchase: 15.6%
Refinance / Debt Consolidation: 14.2%
No Money Down Mortgage (discontinued): 11.6%
Mortgage Renewal: 10.2%
Other: 9.7%
 
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 shown below represent the average income of Canadians living in Canada who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
applicants within all of Canada: $60,871.80
co-applicants within all of Canada: $44,075.54
Difference: $16,796.26

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

Last mortgage report update for Canada: Thursday, August 13, 2015
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