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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

RankMonthPercentage 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%
RankMonth 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%
Busy Days Report for Ontario Mortgages

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

Last mortgage report update for Ontario: Friday, July 1, 2016
Mortgage Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Petawawa.

Mortgage Product Type Inquiries
First-time Home Buyer25.40%
No Money Down discontinued23.81%
Mortgage Pre-approval20.63%
New Purchase11.11%
Refinance/Consolidate Debt11.11%
Mortgage Renewal6.35%
Other1.59%
 
Did you know? The average home loan in Tecumseh is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
Ontario