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ToolsCornwall Mortgage Information
Average Mortgage Loan in Cornwall: $131,535Busy Months for Mortgages within Cornwall
The graph below displays the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Cornwall happen to occur during our first quarter (represented by the brown bars) with 27.78% while our slowest is the fourth quarter (represented by the red bars) with 18.52%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | July: | 12.4% | |
| 2 | April: | 11.7% | |
| 3 | January: | 10.5% | |
| 4 | March: | 9.3% | |
| 5 | June: | 9.3% | |
| 6 | August: | 8.6% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | November: | 8.0% | |
| 8 | February: | 8.0% | |
| 9 | October: | 7.4% | |
| 10 | May: | 6.2% | |
| 11 | September: | 5.6% | |
| 12 | December: | 3.1% |
Busy Days for Applications within Cornwall
The bar graph listed below compares the busy days for mortgage inquiries that were received by Super Brokers' web site. Each day is a representation of the combined 6-year total of all instances of that day. In Cornwall, the day with the most volume, generating 26.54% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 8.02% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Monday: | 26.5% |
| 2 | Tuesday: | 19.8% |
| 3 | Wednesday: | 15.4% |
| 4 | Thursday: | 13.6% |
| 5 | Sunday: | 8.6% |
| 6 | Friday: | 8.0% |
| 7 | Saturday: | 8.0% |
Peak Hours for Mortgages within Cornwall
Mortgage applications are received 24 hours a day from the Super Brokers web site. The graph shown below indicates the rush hours in the day. The data is taken from all days of all years.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 0.6% |
| 1AM | 01:00 to 01:59: | 0% |
| 2AM | 02:00 to 02:59: | 0.6% |
| 3AM | 03:00 to 03:59: | 0.6% |
| 4AM | 04:00 to 04:59: | 1.2% |
| 5AM | 05:00 to 05:59: | 1.2% |
| 6AM | 06:00 to 06:59: | 1.9% |
| 7AM | 07:00 to 07:59: | 3.1% |
| 8AM | 08:00 to 08:59: | 6.8% |
| 9AM | 09:00 to 09:59: | 8.0% |
| 10AM | 10:00 to 10:59: | 11.1% |
| 11AM | 11:00 to 11:59: | 7.4% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 8.0% |
| 1PM | 13:00 to 13:59: | 6.2% |
| 2PM | 14:00 to 14:59: | 6.2% |
| 3PM | 15:00 to 15:59: | 4.3% |
| 4PM | 16:00 to 16:59: | 3.7% |
| 5PM | 17:00 to 17:59: | 4.3% |
| 6PM | 18:00 to 18:59: | 6.2% |
| 7PM | 19:00 to 19:59: | 8.6% |
| 8PM | 20:00 to 20:59: | 4.3% |
| 9PM | 21:00 to 21:59: | 3.7% |
| 10PM | 22:00 to 22:59: | 1.2% |
| 11PM | 23:00 to 23:59: | 0.6% |
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 Cornwall Ranks in Ontario for Mortgage Business
The following table lists how Cornwall 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 |
|---|---|---|
| 29 | WHITBY, ON | 0.375% |
| 30 | NIAGARA FALLS, ON | 0.323% |
| 31 | PICKERING, ON | 0.313% |
| 32 | NEWMARKET, ON | 0.309% |
| 33 | NEPEAN, ON | 0.308% |
| 34 | CORNWALL, ON | 0.280% |
| 35 | TIMMINS, ON | 0.268% |
| 36 | MILTON, ON | 0.259% |
| 37 | KANATA, ON | 0.259% |
| 38 | WOODSTOCK, ON | 0.254% |
| 39 | SARNIA, ON | 0.252% |
Types of Mortgage Inquiries Received from Cornwall
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| No Money Down Mortgage (discontinued): | 22.2% | |
| First-time Home Buyer: | 20.4% | |
| Mortgage Pre-approval: | 18.5% | |
| New Home Purchase: | 15.4% | |
| Refinance / Debt Consolidation: | 12.3% | |
| Mortgage Renewal: | 4.9% | |
| Other: | 6.1% | |
| Total Application Types Found: 11 | ||
Age Demographics for Cornwall Based Mortgages
Average age: 35
Oldest age: 78
Youngest age: 19
Incomes for Cornwall Based Mortgages
The following figures show the average income of people living in Cornwall who have applied for a loan using the pre-approval application on the Mortgage Super Brokers' web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cornwall: | $46,391.51 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | ($14,461.03) |
| mortgage co-applicants in Cornwall: | $29,077.10 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | ($14,888.41) |
Nearest Settlements
- Bainsville
- Chesterville
- Ingleside
- Iroquois
- Lancaster
- Long Sault
- Lunenburg
- Maxville
- Morrisburg
- Summerstown
- Compare Interest Rates
- Cornwall Broker Contact
Municipal mortgage stats:
Related mortgage information:
| Mortgage Product Type | Inquiries | |
|---|---|---|
| Mortgage Pre-approval | 22.95% | |
| Refinance/Consolidate Debt | 21.31% | |
| No Money Down discontinued | 14.75% | |
| Mortgage Renewal | 14.75% | |
| Low Doc | 6.56% | |
| New Purchase | 6.56% | |
| Other | 13.12% |
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Tel: Fax: info@superbrokers.ca |