Canadian Licensing Info: Alberta Mortgage #MW-0511205,
BC Mortgage #X028169, FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
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Ontario Mortgage Information

Busy Months for Mortgages in Ontario

The following bar graph 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 30.38% 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: 10.8%
2 January: 10.0%
3 April: 9.8%
4 February: 9.6%
5 May: 9.4%
6 June: 8.3%
RankMonth Percentage of Applications
7 July: 8.3%
8 August: 7.9%
9 September: 7.5%
10 October: 7.3%
11 November: 6.3%
12 December: 4.7%

Busy Days for Mortgages in Ontario

The information listed below compares the busy days for mortgage 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 Ontario the busiest day of the week, with 18.08% of all applications, 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: 18.0%
3 Wednesday: 16.6%
4 Thursday: 14.7%
5 Friday: 12.1%
6 Sunday: 11.1%
7 Saturday: 9.4%
Busy Days Report for Ontario Mortgages

Peak Hours for Ontario Mortgage Applications

Applications are received 24 hours a day via the Super Brokers web site. The graph shown below represents the peak hours within a 24-hour period. The data is taken from all days of all years.


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: 1.5%
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: 6.6%
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: 44.9%
British Columbia: 21.9%
Manitoba: 4.2%
New Brunswick: 5.3%
Newfoundland and Labrador: 2.7%
Nova Scotia: 7.0%
Northwest Territories: 1.0%
Nunavut: 0.2%
Ontario: 100.0%
Prince Edward Island: 1.1%
Quebec: 8.3%
Saskatchewan: 10.7%
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 9.179% 38 $73,449 $53,224 $271,691
2MISSISSAUGA, ON 4.977% 39 $66,091 $45,681 $239,083
3OTTAWA, ON 4.480% 37 $65,322 $48,851 $215,496
4LONDON, ON 3.139% 37 $54,369 $41,661 $162,423
5BRAMPTON, ON 3.102% 38 $57,182 $41,498 $211,207
6HAMILTON, ON 3.080% 37 $52,036 $38,325 $157,311
7KITCHENER, ON 2.178% 37 $56,284 $45,393 $183,430
8SCARBOROUGH, ON 1.805% 38 $55,989 $41,205 $239,670
9WINDSOR, ON 1.652% 37 $56,668 $42,071 $133,981
10BARRIE, ON 1.615% 36 $55,838 $37,815 $175,730
11BURLINGTON, ON 1.593% 39 $69,936 $46,417 $210,474
12GUELPH, ON 1.454% 36 $57,662 $41,034 $205,758
13OAKVILLE, ON 1.363% 41 $77,490 $49,662 $239,906
14CAMBRIDGE, ON 1.315% 37 $56,454 $39,561 $182,585
15OSHAWA, ON 1.297% 38 $55,321 $43,752 $159,695
16ST CATHARINES, ON 1.140% 37 $52,264 $37,261 $156,758
17NORTH YORK, ON 1.103% 38 $59,571 $50,934 $283,192
18ETOBICOKE, ON 1.085% 37 $57,141 $45,158 $240,251
19RICHMOND HILL, ON 1.074% 40 $74,174 $55,522 $232,528
20BRANTFORD, ON 1.038% 36 $49,973 $33,173 $154,425
21KINGSTON, ON 1.016% 38 $57,475 $45,667 $186,614
22MARKHAM, ON 0.924% 37 $71,508 $51,967 $248,776
23SAULT STE MARIE, ON 0.913% 36 $49,195 $41,936 $128,536
24PETERBOROUGH, ON 0.859% 37 $51,125 $47,828 $157,623
25AJAX, ON 0.851% 39 $68,542 $43,969 $201,048
26SUDBURY, ON 0.848% 37 $63,803 $39,126 $164,498
27WATERLOO, ON 0.837% 37 $61,413 $41,562 $218,609
28THUNDER BAY, ON 0.793% 37 $54,542 $39,076 $114,051
29WHITBY, ON 0.789% 38 $63,870 $53,115 $182,707
30NIAGARA FALLS, ON 0.683% 36 $46,433 $39,831 $148,669
31PICKERING, ON 0.669% 40 $64,983 $55,243 $186,206
32NEPEAN, ON 0.665% 38 $61,319 $47,574 $200,596
33NEWMARKET, ON 0.658% 38 $60,122 $52,108 $218,048
34CORNWALL, ON 0.592% 35 $46,447 $29,077 $130,702
35TIMMINS, ON 0.574% 35 $58,090 $37,971 $147,842
36KANATA, ON 0.552% 40 $70,035 $54,541 $185,594
37MILTON, ON 0.544% 36 $60,793 $47,751 $214,799
38SARNIA, ON 0.541% 39 $50,134 $34,170 $128,312
39WOODSTOCK, ON 0.541% 38 $57,238 $44,204 $157,606
40BELLEVILLE, ON 0.526% 37 $48,488 $30,659 $155,226
41ORLEANS, ON 0.519% 41 $63,388 $51,213 $180,205
42THORNHILL, ON 0.519% 42 $83,310 $48,060 $272,758
43WELLAND, ON 0.512% 39 $45,457 $36,292 $114,162
44NORTH BAY, ON 0.501% 38 $48,658 $42,615 $145,888
45STONEY CREEK, ON 0.497% 40 $56,802 $44,793 $181,521
46WOODBRIDGE, ON 0.435% 37 $66,921 $52,468 $270,360
47CHATHAM, ON 0.428% 37 $45,956 $35,099 $103,478
48ORILLIA, ON 0.424% 37 $41,274 $34,184 $157,187
49AURORA, ON 0.373% 39 $71,949 $56,562 $217,075
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: 20.2%
First-time Home Buyer: 17.8%
Refinance / Debt Consolidation: 15.2%
New Home Purchase: 14.2%
Mortgage Renewal: 11.4%
No Money Down Mortgage (discontinued): 11.1%
Other: 9.8%
 
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 depicts the average income of applicants living in Ontario 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 Ontario: $60,070.78
applicants within all of Canada: $60,871.80
Difference: ($801.02)
  
mortgage co-applicants in Ontario: $44,319.53
co-applicants within all of Canada: $44,075.54
Difference: $243.99

Note: Commercial loans were not included for this survey, only residential mortgages from Ontario were used.

Last mortgage report update for Ontario: Thursday, August 13, 2015
Mortgage Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in St Catharines.

Mortgage Product Type Inquiries
Mortgage Pre-approval21.79%
First-time Home Buyer18.91%
No Money Down discontinued16.35%
Mortgage Renewal12.50%
New Purchase11.86%
Refinance/Consolidate Debt9.94%
Other8.64%
 
Did you know? The average home loan in Pickering is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
Ontario