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Busy Months for Mortgages in Ontario
The bar graph below shows the volumes of online 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 30.44% while our slowest is the fourth quarter (represented by the red bars) with 18.50%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | March: | 10.9% | |
| 2 | January: | 10.0% | |
| 3 | April: | 9.8% | |
| 4 | February: | 9.6% | |
| 5 | May: | 9.3% | |
| 6 | July: | 8.3% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | June: | 8.2% | |
| 8 | August: | 7.9% | |
| 9 | September: | 7.5% | |
| 10 | October: | 7.4% | |
| 11 | November: | 6.4% | |
| 12 | December: | 4.7% |
Busy Days for Mortgages in Ontario
The information below displays the busy days for Internet mortgage applications that were received by the Super Brokers web site. Each day is a representation of the combined 6-year total of all instances of that day. In Ontario the busiest day, with approximately 18.11% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 9.37% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1: | Monday: | 18.1% |
| 2: | Tuesday: | 17.9% |
| 3: | Wednesday: | 16.7% |
| 4: | Thursday: | 14.7% |
| 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 from our web site. The following indicates the busy hours over a 24-hour period. The data is taken from all days of all years.
| 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: | 1.5% |
| 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% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 7.2% |
| 1PM | 13:00 to 13:59: | 6.8% |
| 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
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 43.7% |
| British Columbia: | 21.8% |
| Manitoba: | 4.2% |
| New Brunswick: | 5.3% |
| Newfoundland and Labrador: | 2.7% |
| Nova Scotia: | 6.9% |
| Northwest Territories: | 1.0% |
| Nunavut: | 0.2% |
| Ontario: | 100.0% |
| Prince Edward Island: | 1.1% |
| Quebec: | 8.3% |
| Saskatchewan: | 10.5% |
| Yukon: | 1.0% |
Top Producing Cities / Towns for Mortgages in Ontario
| Rank | City or Town within the province of Ontario | Percentage of Inquiries | Avg Age | Average Income | Average Co-Income | Average Loan |
|---|---|---|---|---|---|---|
| 1: | TORONTO, ON | 9.260% | 38 | $73,433 | $53,260 | $270,729 |
| 2: | MISSISSAUGA, ON | 5.001% | 39 | $65,854 | $45,640 | $237,865 |
| 3: | OTTAWA, ON | 4.483% | 37 | $65,131 | $48,926 | $214,029 |
| 4: | LONDON, ON | 3.146% | 37 | $54,264 | $41,379 | $162,354 |
| 5: | BRAMPTON, ON | 3.117% | 38 | $57,121 | $41,296 | $208,820 |
| 6: | HAMILTON, ON | 3.079% | 37 | $51,927 | $38,004 | $156,122 |
| 7: | KITCHENER, ON | 2.163% | 37 | $56,564 | $45,539 | $183,779 |
| 8: | SCARBOROUGH, ON | 1.798% | 38 | $55,785 | $41,164 | $237,038 |
| 9: | WINDSOR, ON | 1.653% | 36 | $56,724 | $41,634 | $133,794 |
| 10: | BARRIE, ON | 1.627% | 36 | $55,742 | $37,650 | $174,823 |
| 11: | BURLINGTON, ON | 1.597% | 39 | $69,933 | $46,360 | $210,226 |
| 12: | GUELPH, ON | 1.463% | 36 | $57,373 | $40,830 | $205,136 |
| 13: | OAKVILLE, ON | 1.366% | 41 | $77,651 | $49,386 | $238,628 |
| 14: | CAMBRIDGE, ON | 1.329% | 37 | $56,535 | $39,694 | $181,969 |
| 15: | OSHAWA, ON | 1.303% | 38 | $55,160 | $43,752 | $157,104 |
| 16: | ST CATHARINES, ON | 1.136% | 36 | $52,037 | $36,295 | $153,949 |
| 17: | ETOBICOKE, ON | 1.095% | 37 | $57,035 | $45,029 | $239,495 |
| 18: | NORTH YORK, ON | 1.087% | 38 | $59,492 | $50,934 | $280,226 |
| 19: | RICHMOND HILL, ON | 1.076% | 40 | $74,155 | $55,549 | $230,508 |
| 20: | BRANTFORD, ON | 1.043% | 36 | $49,992 | $32,873 | $153,786 |
| 21: | KINGSTON, ON | 1.028% | 38 | $57,234 | $45,693 | $186,493 |
| 22: | MARKHAM, ON | 0.935% | 37 | $71,359 | $51,967 | $248,778 |
| 23: | SAULT STE MARIE, ON | 0.923% | 36 | $49,296 | $41,636 | $128,090 |
| 24: | SUDBURY, ON | 0.860% | 37 | $63,678 | $38,850 | $164,291 |
| 25: | AJAX, ON | 0.856% | 39 | $68,822 | $44,059 | $201,287 |
| 26: | PETERBOROUGH, ON | 0.853% | 37 | $51,246 | $47,314 | $156,532 |
| 27: | WATERLOO, ON | 0.845% | 37 | $61,399 | $41,562 | $218,071 |
| 28: | THUNDER BAY, ON | 0.801% | 37 | $54,307 | $39,076 | $113,703 |
| 29: | WHITBY, ON | 0.793% | 38 | $63,730 | $53,424 | $180,182 |
| 30: | NIAGARA FALLS, ON | 0.674% | 36 | $46,624 | $40,061 | $148,625 |
| 31: | PICKERING, ON | 0.666% | 39 | $65,364 | $55,236 | $181,605 |
| 32: | NEWMARKET, ON | 0.659% | 38 | $60,165 | $52,111 | $218,995 |
| 33: | NEPEAN, ON | 0.655% | 38 | $59,275 | $47,032 | $197,306 |
| 34: | CORNWALL, ON | 0.592% | 35 | $46,596 | $28,818 | $129,947 |
| 35: | TIMMINS, ON | 0.566% | 35 | $57,841 | $37,971 | $149,516 |
| 36: | MILTON, ON | 0.551% | 36 | $60,798 | $47,751 | $215,198 |
| 37: | KANATA, ON | 0.551% | 40 | $70,190 | $54,882 | $185,104 |
| 38: | WOODSTOCK, ON | 0.540% | 38 | $56,745 | $44,814 | $156,042 |
| 39: | SARNIA, ON | 0.529% | 39 | $50,102 | $33,636 | $124,020 |
| 40: | BELLEVILLE, ON | 0.525% | 37 | $48,708 | $30,455 | $155,357 |
| 41: | THORNHILL, ON | 0.521% | 42 | $83,345 | $48,349 | $270,374 |
| 42: | ORLEANS, ON | 0.518% | 41 | $63,541 | $51,145 | $179,630 |
| 43: | WELLAND, ON | 0.514% | 39 | $45,538 | $36,378 | $114,023 |
| 44: | STONEY CREEK, ON | 0.503% | 40 | $56,743 | $44,750 | $182,453 |
| 45: | NORTH BAY, ON | 0.503% | 38 | $48,790 | $42,615 | $146,309 |
| 46: | WOODBRIDGE, ON | 0.436% | 36 | $67,305 | $52,468 | $270,120 |
| 47: | ORILLIA, ON | 0.428% | 37 | $41,376 | $34,184 | $156,488 |
| 48: | CHATHAM, ON | 0.421% | 36 | $45,779 | $35,099 | $103,867 |
| 49: | AURORA, ON | 0.380% | 39 | $71,949 | $56,562 | $217,075 |
| 50: | ST THOMAS, ON | 0.376% | 38 | $49,843 | $36,969 | $143,310 |
Age Demographics for Ontario Mortgage Inquiries
Average age: 38
Oldest age: 89
Youngest age: 19
Incomes for Ontario Mortgage Inquiries
The numbers below represent the average income of Canadians living in Ontario who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Ontario: | $59,992.45 |
| applicants within all of Canada: | $60,593.10 |
| Difference: | ($600.65) |
| mortgage co-applicants in Ontario: | $44,250.74 |
| co-applicants within all of Canada: | $43,761.59 |
| Difference: | $489.15 |
Note: Commercial Mortgages were not included for this section, only residential mortgages from Ontario were used.
- Alberta Mortgages
- British Columbia Mortgages
- Manitoba Mortgages
- New Brunswick Mortgages
- Newfoundland Mortgages
- NWT Mortgages
- Nova Scotia Mortgages
- Ontario Mortgages
- PEI Mortgages
- Quebec Mortgages
- Saskatchewan Mortgages
- Yukon Mortgages
Rate Comparison Calculator
It can be hard to figure out exactly how much you can afford to spend on your home, but we're here to help. We have taken the time to redesign our top-rated mortgage calculator and made it easier to use than ever before. Compare rates, evaluate terms, and calculate multiple mortgages side-by-side.
Mortgage Rates
Mortgage rates are at the lowest they've been in years. Lock in while you still have a chance to take advantage of these historically low rates.
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Edmonton.
| Mortgage Product Type | Inquiries | |
|---|---|---|
| Mortgage Pre-approval | 23.00% | |
| First-time Home Buyer | 21.57% | |
| New Purchase | 14.37% | |
| No Money Down discontinued | 13.88% | |
| Refinance/Consolidate Debt | 9.97% | |
| Mortgage Renewal | 9.56% | |
| Other | 7.65% |
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Corporate Office Fax: 1-866-565-1864 info@superbrokers.ca |