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Cornwall Mortgage Information

Average Mortgage Loan in Cornwall: $131,535

Busy 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%.

Busy Months Report for Cornwall Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage 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%
RankMonth 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%
Busy Days Report for Cornwall Mortgages

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.


Peak Hours Graph for Mortgages in Cornwall
TimePeriod (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%
TimePeriod (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.

RankLocation Contribution
29WHITBY, ON 0.375%
30NIAGARA FALLS, ON 0.323%
31PICKERING, ON 0.313%
32NEWMARKET, ON 0.309%
33NEPEAN, ON 0.308%
34CORNWALL, ON 0.280%
35TIMMINS, ON 0.268%
36MILTON, ON 0.259%
37KANATA, ON 0.259%
38WOODSTOCK, ON 0.254%
39SARNIA, 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)

Note: Commercial loans were not included for this section, only residential mortgages from Cornwall, Ontario were used.


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

Mortgage Product Type Inquiries
Mortgage Pre-approval22.95%
Refinance/Consolidate Debt21.31%
No Money Down discontinued14.75%
Mortgage Renewal14.75%
Low Doc6.56%
New Purchase6.56%
Other13.12%
 
Did you know? The average home loan in Pembroke is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
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