Variable closed:	2.85%
1 year closed:	2.94%
3 year closed:	2.69%
5 year closed:	2.79%
10 year closed:	3.44%

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

Ontario Mortgage Information

Busy Months for Mortgages in Ontario

The 6-year bar graph below displays the volumes of Web 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 30.52% while our slowest is the fourth quarter (represented by the red bars) with 18.42%.

Busy Months Report for Ontario Mortgages

Rankings for Busy Mortgage Months

Rank	Month	Percentage of Applications
1	March:	10.9%
2	January:	10.0%
3	April:	9.9%
4	February:	9.6%
5	May:	9.3%
6	June:	8.3%

Rank	Month	Percentage of Applications
7	July:	8.2%
8	August:	7.9%
9	September:	7.5%
10	October:	7.3%
11	November:	6.4%
12	December:	4.7%

Busy Days for Mortgages in Ontario

The data below plots the busy days for online inquiries 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 Ontario the most busy day of the week, with 18.13% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 9.36% of all inquiries.

Rank	Day of the Week	Percentage of Applications
1	Monday:	18.1%
2	Tuesday:	17.9%
3	Wednesday:	16.6%
4	Thursday:	14.8%
5	Friday:	12.1%
6	Sunday:	11.1%
7	Saturday:	9.4%

Peak Hours for Ontario Mortgage Applications

In Ontario, mortgages are received 24 hours a day on 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 0.0% of all mortgages are received during the morning, while 39.1% arrive in the afternoon.

Peak Hours Graph for Mortgages in Ontario

Time	Period (24 Hour)	Percentage of Applications
12AM	00:00 to 00:59:	0.7%
1AM	01:00 to 01:59:	0.4%
2AM	02:00 to 02:59:	0.3%
3AM	03:00 to 03:59:	0.4%
4AM	04:00 to 04:59:	0.7%
5AM	05:00 to 05:59:	1.4%
6AM	06:00 to 06:59:	3.0%
7AM	07:00 to 07:59:	4.9%
8AM	08:00 to 08:59:	6.5%
9AM	09:00 to 09:59:	7.2%
10AM	10:00 to 10:59:	7.4%
11AM	11:00 to 11:59:	7.3%

Time	Period (24 Hour)	Percentage of Applications
Lunch	12:00 to 12:59:	7.2%
1PM	13:00 to 13:59:	6.9%
2PM	14:00 to 14:59:	6.5%
3PM	15:00 to 15:59:	5.3%
4PM	16:00 to 16:59:	5.0%
5PM	17:00 to 17:59:	5.4%
6PM	18:00 to 18:59:	6.0%
7PM	19:00 to 19:59:	5.5%
8PM	20:00 to 20:59:	5.0%
9PM	21:00 to 21:59:	3.5%
10PM	22:00 to 22:59:	2.1%
11PM	23:00 to 23:59:	1.2%

Ontario Mortgage Originations Compared to all other Provinces and Territories

Online Mortgage Origination for the Province or Territory of	Percentage in Comparison
Alberta:	44.5%
British Columbia:	22.0%
Manitoba:	4.2%
New Brunswick:	5.3%
Newfoundland and Labrador:	2.8%
Nova Scotia:	7.0%
Northwest Territories:	1.0%
Nunavut:	0.2%
Ontario:	100.0%
Prince Edward Island:	1.1%
Quebec:	8.3%
Saskatchewan:	10.6%
Yukon:	1.0%

Top Producing Cities / Towns for Mortgages in Ontario

Rank	City or Town within Ontario	Percentage of Inquiries	Avg Age	Average Income	Average Co-Income	Average Loan
1	TORONTO, ON	9.202%	38	$73,599	$53,341	$271,830
2	MISSISSAUGA, ON	4.981%	39	$65,927	$45,712	$239,395
3	OTTAWA, ON	4.491%	37	$65,455	$48,841	$214,976
4	LONDON, ON	3.143%	37	$54,258	$41,367	$162,655
5	BRAMPTON, ON	3.121%	38	$57,110	$41,638	$211,380
6	HAMILTON, ON	3.073%	37	$52,078	$37,994	$156,821
7	KITCHENER, ON	2.174%	37	$56,435	$45,508	$183,588
8	SCARBOROUGH, ON	1.805%	38	$55,811	$41,494	$239,080
9	WINDSOR, ON	1.656%	36	$56,555	$42,087	$133,415
10	BARRIE, ON	1.623%	36	$55,775	$37,811	$176,886
11	BURLINGTON, ON	1.590%	39	$69,961	$46,026	$212,441
12	GUELPH, ON	1.447%	36	$57,598	$41,034	$205,518
13	OAKVILLE, ON	1.367%	41	$77,757	$49,437	$240,602
14	CAMBRIDGE, ON	1.319%	37	$56,581	$39,786	$182,535
15	OSHAWA, ON	1.297%	38	$55,235	$43,808	$157,438
16	ST CATHARINES, ON	1.133%	36	$52,052	$36,121	$154,197
17	NORTH YORK, ON	1.104%	38	$59,955	$50,775	$285,002
18	ETOBICOKE, ON	1.089%	37	$57,049	$45,114	$240,189
19	RICHMOND HILL, ON	1.082%	40	$74,305	$55,522	$232,508
20	BRANTFORD, ON	1.045%	36	$49,926	$32,865	$152,957
21	KINGSTON, ON	1.020%	38	$57,117	$45,670	$187,206
22	MARKHAM, ON	0.928%	37	$71,427	$51,967	$249,398
23	SAULT STE MARIE, ON	0.906%	36	$49,296	$41,636	$128,090
24	SUDBURY, ON	0.848%	37	$63,551	$38,850	$164,291
25	PETERBOROUGH, ON	0.848%	37	$51,125	$47,828	$157,124
26	AJAX, ON	0.844%	39	$68,728	$44,059	$201,287
27	WATERLOO, ON	0.841%	37	$61,317	$41,562	$218,152
28	THUNDER BAY, ON	0.800%	37	$54,119	$39,076	$113,523
29	WHITBY, ON	0.793%	38	$64,143	$53,115	$184,060
30	NIAGARA FALLS, ON	0.683%	36	$46,631	$40,145	$148,927
31	PICKERING, ON	0.661%	40	$65,096	$55,514	$183,081
32	NEWMARKET, ON	0.654%	38	$60,580	$52,514	$216,922
33	NEPEAN, ON	0.651%	38	$59,507	$47,032	$197,644
34	CORNWALL, ON	0.592%	35	$46,391	$29,077	$131,535
35	TIMMINS, ON	0.566%	35	$58,403	$37,971	$148,878
36	MILTON, ON	0.548%	36	$60,751	$47,751	$214,799
37	KANATA, ON	0.548%	40	$70,125	$54,972	$186,247
38	WOODSTOCK, ON	0.537%	38	$57,376	$44,204	$157,283
39	SARNIA, ON	0.534%	39	$49,856	$34,170	$127,218
40	THORNHILL, ON	0.530%	42	$83,168	$48,009	$272,113
41	BELLEVILLE, ON	0.526%	37	$48,488	$30,659	$155,226
42	ORLEANS, ON	0.515%	41	$63,779	$51,145	$180,663
43	STONEY CREEK, ON	0.508%	40	$56,775	$44,793	$185,596
44	WELLAND, ON	0.504%	39	$45,538	$36,378	$114,023
45	NORTH BAY, ON	0.497%	38	$48,790	$42,615	$146,309
46	WOODBRIDGE, ON	0.439%	37	$67,174	$53,504	$274,395
47	ORILLIA, ON	0.431%	37	$42,268	$34,184	$159,193
48	CHATHAM, ON	0.424%	37	$45,736	$35,099	$104,094
49	AURORA, ON	0.376%	39	$72,408	$56,562	$216,580
50	ST THOMAS, ON	0.369%	38	$49,843	$36,969	$143,310

Types of Mortgage Inquiries Received from Ontario

Type of Mortgage Application Form Selected		Percentage of Inquiries
Mortgage Pre-approval:		20.3%
First-time Home Buyer:		17.9%
Refinance / Debt Consolidation:		15.2%
New Home Purchase:		14.0%
Mortgage Renewal:		11.5%
No Money Down Mortgage (discontinued):		11.1%
Other:		9.9%

Total Application Types Found: 24

Age Demographics for Ontario Mortgage Inquiries

Average age: 38
Oldest age: 89
Youngest age: 19

Incomes for Ontario Mortgage Inquiries

The following figures show the average income of people living in Ontario who have applied for a loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Ontario:	$60,101.77
applicants within all of Canada:	$60,852.54
Difference:	($750.77)

mortgage co-applicants in Ontario:	$44,314.62
co-applicants within all of Canada:	$43,965.51
Difference:	$349.11

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

Mortgage Product Type		Inquiries
First-time Home Buyer		25.40%
No Money Down discontinued		23.81%
Mortgage Pre-approval		20.63%
New Purchase		11.11%
Refinance/Consolidate Debt		11.11%
Mortgage Renewal		6.35%
Other		1.59%