Variable closed:	2.85%
1 year closed:	2.69%
3 year closed:	2.69%
5 year closed:	2.79%
10 year closed:	3.44%

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Cambridge Mortgage Information

Average Mortgage Loan in Cambridge: $182,535

Busy Months for Online Applications within Cambridge

The bar graph below illustrates the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Cambridge happen to occur during our second quarter (represented by the green bars) with 30.19% while our slowest is the fourth quarter (represented by the red bars) with 15.24%.

Busy Months Report for Cambridge Mortgages

Rankings for Busy Mortgage Months

Rank	Month	Percentage of Applications
1	May:	11.6%
2	April:	10.5%
3	March:	10.0%
4	August:	9.7%
5	January:	9.4%
6	February:	8.9%

Rank	Month	Percentage of Applications
7	July:	8.9%
8	June:	8.0%
9	September:	7.8%
10	October:	6.7%
11	November:	4.7%
12	December:	3.9%

Busy Days for Mortgages Originating within Cambridge

The graph below displays the busy days for online applications that were received by Super Brokers. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Cambridge, the day with the most volume, having more than 17.73% of all submissions, is Wednesday. In comparison, Friday's are the slowest day with only 9.97% of all inquiries.

Rank	Day of the Week	Percentage of Applications
1	Wednesday:	17.7%
2	Monday:	17.2%
3	Tuesday:	16.6%
4	Thursday:	14.1%
5	Sunday:	13.9%
6	Saturday:	10.5%
7	Friday:	10.0%

Busy Days Report for Cambridge Mortgages

Peak Hours for Originated Mortgages within Cambridge

In Cambridge, mortgage applications are received 24 hours a day via the Super Brokers web site. The following indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 36.3% of all mortgages are received during the morning, while 62.0% arrive in the afternoon.

Peak Hours Graph for Mortgages in Cambridge

Time	Period (24 Hour)	Percentage of Applications
12AM	00:00 to 00:59:	0.8%
1AM	01:00 to 01:59:	0.8%
2AM	02:00 to 02:59:	0%
3AM	03:00 to 03:59:	0.3%
4AM	04:00 to 04:59:	0.6%
5AM	05:00 to 05:59:	0.6%
6AM	06:00 to 06:59:	2.2%
7AM	07:00 to 07:59:	5.8%
8AM	08:00 to 08:59:	5.5%
9AM	09:00 to 09:59:	6.9%
10AM	10:00 to 10:59:	8.9%
11AM	11:00 to 11:59:	5.5%

Time	Period (24 Hour)	Percentage of Applications
Lunch	12:00 to 12:59:	6.1%
1PM	13:00 to 13:59:	6.9%
2PM	14:00 to 14:59:	6.4%
3PM	15:00 to 15:59:	4.7%
4PM	16:00 to 16:59:	3.6%
5PM	17:00 to 17:59:	6.1%
6PM	18:00 to 18:59:	10.2%
7PM	19:00 to 19:59:	7.2%
8PM	20:00 to 20:59:	4.2%
9PM	21:00 to 21:59:	3.0%
10PM	22:00 to 22:59:	1.7%
11PM	23:00 to 23:59:	1.9%

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 Cambridge Ranks in Ontario for Mortgage Business

The following table lists how Cambridge 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
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%
17	NORTH YORK, ON	0.522%
18	ETOBICOKE, ON	0.515%
19	RICHMOND HILL, ON	0.512%

Types of Mortgage Inquiries Received from Cambridge

Type of Mortgage Application Form Selected		Percentage of Inquiries
Mortgage Pre-approval:		21.9%
Refinance / Debt Consolidation:		18.3%
New Home Purchase:		17.5%
First-time Home Buyer:		13.6%
No Money Down Mortgage (discontinued):		11.9%
Mortgage Renewal:		9.4%
Other:		7.7%

Total Application Types Found: 17

Age Demographics for Cambridge Based Mortgages

Average age: 37
Oldest age: 73
Youngest age: 19

Incomes for Cambridge Based Mortgages

The information below represents the average income of Canadians living in Cambridge who have submitted a mortgage inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Cambridge:	$56,581.18
applicants within all of Canada:	$60,852.54
Difference:	($4,271.36)

mortgage co-applicants in Cambridge:	$39,786.20
co-applicants within all of Canada:	$43,965.51
Difference:	($4,179.31)

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

Nearest Settlements

1	Troy, Ontario
2	Ayr, Ontario
3	Carlisle, Ontario
4	Millgrove, Ontario
5	Freelton, Ontario
6	Guelph, Ontario
7	Copetown, Ontario
8	Milton, Ontario
9	Kilbride, Ontario
10	Puslinch, Ontario
11	Princeton, Ontario
12	Lynden, Ontario
13	Waterdown, Ontario
14	New Dundee, Ontario
15	St George, Ontario
16	Kitchener, Ontario
17	Bright, Ontario
18	Ancaster, Ontario
19	Burlington, Ontario
20	Burford, Ontario
21	Caledonia, Ontario
22	Mississauga, Ontario
23	St George Brant, Ontario
24	Paris, Ontario
25	Campbellville, Ontario
26	Ohsweken, Ontario
27	Elmira, Ontario
28	Waterloo, Ontario
29	Oakville, Ontario
30	Dundas, Ontario
31	Brantford, Ontario
32	Baden, Ontario
33	Innerkip, Ontario

34	Stoney Creek, Ontario
35	Hornby, Ontario
36	Mount Hope, Ontario
37	Hamilton, Ontario
38	Wellesley, Ontario
39	Acton, Ontario
40	Scotland, Ontario
41	Hannon, Ontario
42	Woodstock, Ontario
43	Beachville, Ontario
44	Millbank, Ontario
45	Fergus, Ontario
46	Norwich, Ontario
47	Windham Centre, Ontario
48	Salem, Ontario
49	Moorefield, Ontario
50	York, Ontario
51	Mount Elgin, Ontario
52	Etobicoke, Ontario
53	Tavistock, Ontario
54	Cayuga, Ontario
55	Centre Wellington, Ontario
56	Shakespeare, Ontario
57	Georgetown, Ontario
58	Binbrook, Ontario
59	Ingersoll, Ontario
60	New Hamburg, Ontario
61	Toronto, Ontario
62	Halton Hills, Ontario
63	Erin, Ontario
64	Rockwood, Ontario
65	Drayton, Ontario

Mortgage Product Type		Inquiries
Mortgage Renewal		21.62%
Mortgage Pre-approval		20.27%
Refinance/Consolidate Debt		13.85%
New Purchase		13.18%
First-time Home Buyer		11.15%
No Money Down discontinued		5.41%
Commercial Financing		4.39%
Other		10.16%