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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%.
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.
| 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.
Last mortgage report update for Ontario: Friday, July 1, 2016
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
Provincial mortgage stats:
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 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% |
Did you know? The average home loan in Tecumseh is:
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