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ToolsBurlington Mortgage Information
Average Mortgage Loan in Burlington: $212,441Busy Months for Online Applications within Burlington
The following depicts the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Burlington mostly occur during our first quarter (represented by the brown bars) with 32.41% while our slowest is the fourth quarter (represented by the red bars) with 19.54%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | February: | 12.4% | |
| 2 | January: | 11.5% | |
| 3 | April: | 9.4% | |
| 4 | May: | 9.0% | |
| 5 | March: | 8.5% | |
| 6 | October: | 7.8% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | June: | 7.6% | |
| 8 | July: | 7.4% | |
| 9 | August: | 7.4% | |
| 10 | September: | 7.4% | |
| 11 | November: | 6.2% | |
| 12 | December: | 5.5% |
Busy Days for Mortgages within Burlington
The bar graph listed below displays the busy days for online 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 Burlington the busiest day of the week, with 16.78% of all inquiries, is Monday. In comparison, Sunday's are the slowest day with only 11.26% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Monday: | 16.8% |
| 2 | Tuesday: | 16.8% |
| 3 | Wednesday: | 16.1% |
| 4 | Thursday: | 15.2% |
| 5 | Friday: | 12.2% |
| 6 | Saturday: | 11.7% |
| 7 | Sunday: | 11.3% |
Peak Hours for Mortgages within Burlington
In Burlington, mortgage applications are received 24 hours a day via the Super Brokers web site. The report shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 38.9% of all mortgages are received during the morning, while 60.2% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 0.9% |
| 1AM | 01:00 to 01:59: | 0% |
| 2AM | 02:00 to 02:59: | 0% |
| 3AM | 03:00 to 03:59: | 0.2% |
| 4AM | 04:00 to 04:59: | 1.1% |
| 5AM | 05:00 to 05:59: | 2.5% |
| 6AM | 06:00 to 06:59: | 2.8% |
| 7AM | 07:00 to 07:59: | 5.5% |
| 8AM | 08:00 to 08:59: | 7.8% |
| 9AM | 09:00 to 09:59: | 5.3% |
| 10AM | 10:00 to 10:59: | 5.5% |
| 11AM | 11:00 to 11:59: | 8.0% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 6.9% |
| 1PM | 13:00 to 13:59: | 7.4% |
| 2PM | 14:00 to 14:59: | 6.4% |
| 3PM | 15:00 to 15:59: | 5.3% |
| 4PM | 16:00 to 16:59: | 5.3% |
| 5PM | 17:00 to 17:59: | 6.7% |
| 6PM | 18:00 to 18:59: | 6.2% |
| 7PM | 19:00 to 19:59: | 5.3% |
| 8PM | 20:00 to 20:59: | 5.3% |
| 9PM | 21:00 to 21:59: | 3.0% |
| 10PM | 22:00 to 22:59: | 1.4% |
| 11PM | 23:00 to 23:59: | 1.1% |
Ontario Mortgage Originations Compared to all other Provinces and Territories
| Online Mortgage Origination for the Province or Territory of | Percentage of Applications |
|---|---|
| Alberta: | 21.07% |
| British Columbia: | 10.40% |
| Manitoba: | 2.00% |
| New Brunswick: | 2.53% |
| Newfoundland and Labrador: | 1.30% |
| Nova Scotia: | 3.29% |
| Northwest Territories: | 0.49% |
| Nunavut: | 0.10% |
| Ontario: | 47.31% |
| Prince Edward Island: | 0.51% |
| Quebec: | 3.94% |
| Saskatchewan: | 5.04% |
| Yukon: | 0.47% |
How Burlington Ranks in Ontario for Mortgage Business
The following table lists how Burlington ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.
| Rank | Location | Contribution |
|---|---|---|
| 6 | HAMILTON, ON | 1.454% |
| 7 | KITCHENER, ON | 1.029% |
| 8 | SCARBOROUGH, ON | 0.854% |
| 9 | WINDSOR, ON | 0.783% |
| 10 | BARRIE, ON | 0.768% |
| 11 | BURLINGTON, ON | 0.752% |
| 12 | GUELPH, ON | 0.685% |
| 13 | OAKVILLE, ON | 0.647% |
| 14 | CAMBRIDGE, ON | 0.624% |
| 15 | OSHAWA, ON | 0.614% |
| 16 | ST CATHARINES, ON | 0.536% |
Types of Mortgage Inquiries Received from Burlington
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| Mortgage Pre-approval: | 23.0% | |
| Refinance / Debt Consolidation: | 16.8% | |
| Mortgage Renewal: | 14.3% | |
| First-time Home Buyer: | 12.6% | |
| New Home Purchase: | 11.5% | |
| No Money Down Mortgage (discontinued): | 10.1% | |
| Other: | 11.5% | |
| Total Application Types Found: 17 | ||
Age Demographics for Burlington Originated Mortgages
Average age: 39
Oldest age: 83
Youngest age: 22
Incomes for Burlington Originated Mortgages
The amounts shown below represent the average income of applicants living in Burlington who have submitted a mortgage inquiry using Mortgage Super Brokers' online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Burlington: | $69,961.06 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | $9,108.52 |
| mortgage co-applicants in Burlington: | $46,026.35 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | $2,060.84 |
Nearest Settlements
- Ancaster
- Caledonia
- Copetown
- Dundas
- Freelton
- Hamilton
- Hannon
- Lynden
- Stoney Creek
- Waterdown
- Compare Interest Rates
- Burlington Broker Contact
Municipal mortgage stats:
Related mortgage information:
| Mortgage Product Type | Inquiries | |
|---|---|---|
| First-time Home Buyer | 19.86% | |
| Mortgage Pre-approval | 18.49% | |
| No Money Down discontinued | 16.44% | |
| Refinance/Consolidate Debt | 13.70% | |
| New Purchase | 11.64% | |
| Mortgage Renewal | 8.90% | |
| Other | 10.94% |
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Tel: Fax: info@superbrokers.ca |