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Chatham Mortgage Information

Average Mortgage Loan in Chatham: $104,094

Busy Months for Mortgage Inquiries within Chatham

This bar graph shows the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Chatham occur during our first quarter (represented by the brown bars) with 37.93% while our slowest is the fourth quarter (represented by the red bars) with 18.10%.

Busy Months Report for Chatham Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 February: 19.0%
2 August: 11.2%
3 March: 10.3%
4 November: 9.5%
5 April: 9.5%
6 January: 8.6%
RankMonth Percentage of Applications
7 July: 7.8%
8 September: 6.0%
9 June: 5.2%
10 May: 4.3%
11 December: 4.3%
12 October: 4.3%

Busy Days for Mortgage Inquiries within Chatham

The information listed below shows the busy days for online 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 Chatham, the day with the most volume, having more than 19.83% of all applications, is Monday. In comparison, Friday's are the slowest day with only 9.48% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 19.8%
2 Thursday: 18.1%
3 Tuesday: 15.5%
4 Saturday: 14.7%
5 Wednesday: 11.2%
6 Sunday: 11.2%
7 Friday: 9.5%
Busy Days Report for Chatham Mortgages

Peak Hours for Originated Mortgages within Chatham

In Chatham, mortgages are received 24 hours a day via the Super Brokers' web site. The information shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years. Only 34.5% of all mortgages are received during the morning, while 63.8% arrive in the afternoon.


Peak Hours Graph for Mortgages in Chatham
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0.9%
2AM 02:00 to 02:59: 0.9%
3AM 03:00 to 03:59: 1.7%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 1.7%
6AM 06:00 to 06:59: 3.4%
7AM 07:00 to 07:59: 1.7%
8AM 08:00 to 08:59: 3.4%
9AM 09:00 to 09:59: 9.5%
10AM 10:00 to 10:59: 5.2%
11AM 11:00 to 11:59: 7.8%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.5%
1PM 13:00 to 13:59: 6.9%
2PM 14:00 to 14:59: 8.6%
3PM 15:00 to 15:59: 5.2%
4PM 16:00 to 16:59: 3.4%
5PM 17:00 to 17:59: 4.3%
6PM 18:00 to 18:59: 5.2%
7PM 19:00 to 19:59: 7.8%
8PM 20:00 to 20:59: 1.7%
9PM 21:00 to 21:59: 6.9%
10PM 22:00 to 22:59: 2.6%
11PM 23:00 to 23:59: 1.7%

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 Chatham Ranks in Ontario for Mortgage Business

The following table lists how Chatham 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.

RankLocation Contribution
43STONEY CREEK, ON 0.240%
44WELLAND, ON 0.239%
45NORTH BAY, ON 0.235%
46WOODBRIDGE, ON 0.207%
47ORILLIA, ON 0.204%
48CHATHAM, ON 0.201%
49AURORA, ON 0.178%
50ST THOMAS, ON 0.175%
51ORANGEVILLE, ON 0.164%
52BROCKVILLE, ON 0.163%
53KESWICK, ON 0.152%

Types of Mortgage Inquiries Received from Chatham


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 20.7%
No Money Down Mortgage (discontinued): 19.8%
First-time Home Buyer: 19.8%
Mortgage Pre-approval: 15.5%
New Home Purchase: 12.1%
Mortgage Renewal: 6.9%
Other: 5.3%
 
Total Application Types Found: 10

Age Demographics for Chatham Mortgages

Average age: 37
Oldest age: 69
Youngest age: 19


Incomes for Chatham Mortgages

The information below represents the average income of Canadians living in Chatham who have applied for a loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Chatham: $45,736.28
applicants within all of Canada: $60,852.54
Difference: ($15,116.26)
  
mortgage co-applicants in Chatham: $35,099.65
co-applicants within all of Canada: $43,965.51
Difference: ($8,865.87)

Note: Commercial loans were not included for this section, only home loans were used.


Last mortgage report update for Chatham: Friday, July 1, 2016
Home Mortgage
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Stoney Creek.

Mortgage Product Type Inquiries
Mortgage Pre-approval18.71%
Refinance/Consolidate Debt15.83%
First-time Home Buyer13.67%
New Purchase13.67%
No Money Down discontinued12.95%
Mortgage Renewal12.23%
Other12.96%
 
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