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Winnipeg Mortgage Information

Average Mortgage Loan in Winnipeg: $158,431

Busy Months for Online Mortgages within Winnipeg

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 from Winnipeg usually occur during our second quarter (represented by the green bars) with 33.28% while our slowest is the fourth quarter (represented by the red bars) with 17.58%.

Busy Months Report for Winnipeg Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 14.0%
2 May: 10.1%
3 August: 9.7%
4 March: 9.7%
5 February: 9.3%
6 June: 9.3%
RankMonth Percentage of Applications
7 July: 8.5%
8 January: 7.8%
9 October: 6.9%
10 December: 5.8%
11 November: 4.9%
12 September: 4.1%

Busy Days for Mortgages Originating within Winnipeg

The information below plots the busy days for online inquiries that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Winnipeg the busiest day, with approximately 18.52% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 11.15% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 18.5%
2 Monday: 16.6%
3 Thursday: 14.8%
4 Wednesday: 14.3%
5 Friday: 13.5%
6 Saturday: 11.2%
7 Sunday: 11.2%
Busy Days Report for Winnipeg Mortgages

Peak Hours for Based Mortgages within Winnipeg

Mortgage applications are received 24 hours a day via the Mortgage Super Brokers web site. The report shown below indicates the busy hours in the day. The data is taken from all days of all years. Only 14.1% of all mortgages are received before noon, while 66.9% arrive in the afternoon.


Peak Hours Graph for Mortgages in Winnipeg
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.1%
1AM 01:00 to 01:59: 0.9%
2AM 02:00 to 02:59: 0.9%
3AM 03:00 to 03:59: 0.5%
4AM 04:00 to 04:59: 0.8%
5AM 05:00 to 05:59: 1.1%
6AM 06:00 to 06:59: 0.8%
7AM 07:00 to 07:59: 3.9%
8AM 08:00 to 08:59: 3.8%
9AM 09:00 to 09:59: 5.2%
10AM 10:00 to 10:59: 7.7%
11AM 11:00 to 11:59: 6.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.9%
1PM 13:00 to 13:59: 6.1%
2PM 14:00 to 14:59: 7.2%
3PM 15:00 to 15:59: 6.6%
4PM 16:00 to 16:59: 5.8%
5PM 17:00 to 17:59: 5.3%
6PM 18:00 to 18:59: 4.7%
7PM 19:00 to 19:59: 5.0%
8PM 20:00 to 20:59: 7.2%
9PM 21:00 to 21:59: 4.1%
10PM 22:00 to 22:59: 4.6%
11PM 23:00 to 23:59: 1.3%

Manitoba 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%

How Winnipeg Ranks in Manitoba for Mortgage Business

The following table lists how Winnipeg ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
1WINNIPEG, MB 1.101%
2BRANDON, MB 0.128%
3THOMPSON, MB 0.054%
4PORTAGE LA PRAIRIE, MB 0.040%
5SHILO, MB 0.033%
6THE PAS, MB 0.029%

Types of Mortgage Inquiries Received from Winnipeg


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 25.3%
New Home Purchase: 16.8%
No Money Down Mortgage (discontinued): 16.0%
First-time Home Buyer: 15.5%
Refinance / Debt Consolidation: 14.3%
Mortgage Renewal: 6.6%
Other: 5.7%
 
Total Application Types Found: 17

Age Demographics for Winnipeg Based Mortgages

Average age: 37
Oldest age: 83
Youngest age: 20


Incomes for Winnipeg Based Mortgages

The following depicts the average income of Canadians living in Winnipeg who have applied for a home loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Winnipeg: $53,417.16
applicants within all of Canada: $60,852.54
Difference: ($7,435.38)
  
mortgage co-applicants in Winnipeg: $37,713.61
co-applicants within all of Canada: $43,965.51
Difference: ($6,251.91)

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loans from Winnipeg, Manitoba were used.


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