Canadian Licensing Info: Alberta Mortgage #MW-0511205,
BC Mortgage #X028169, FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
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Essex Mortgage Information

Average Mortgage Loan in Essex: $116,395

Peak Hours for Mortgage Applicants within Essex

In Essex, mortgage applications are received 24 hours a day from our web site. The information shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Essex
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 4.2%
8AM 08:00 to 08:59: 16.7%
9AM 09:00 to 09:59: 8.3%
10AM 10:00 to 10:59: 12.5%
11AM 11:00 to 11:59: 4.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.2%
1PM 13:00 to 13:59: 4.2%
2PM 14:00 to 14:59: 8.3%
3PM 15:00 to 15:59: 0%
4PM 16:00 to 16:59: 8.3%
5PM 17:00 to 17:59: 8.3%
6PM 18:00 to 18:59: 12.5%
7PM 19:00 to 19:59: 8.3%
8PM 20:00 to 20:59: 0%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 0%

Ontario Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.18%
British Columbia: 10.35%
Manitoba: 2.00%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.48%
Nunavut: 0.09%
Ontario: 47.21%
Prince Edward Island: 0.50%
Quebec: 3.93%
Saskatchewan: 5.06%
Yukon: 0.47%

How Essex Ranks in Ontario for Mortgage Business

The following table lists how Essex 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
148ELMIRA, ON 0.043%
149PORT DOVER, ON 0.043%
150ST MARYS, ON 0.041%
151PENETANGUISHENE, ON 0.041%
152LISTOWEL, ON 0.041%
153ESSEX, ON 0.041%
154SHELBURNE, ON 0.041%
155WALKERTON, ON 0.040%
156ALMONTE, ON 0.040%
157CORUNNA, ON 0.040%
158DURHAM, ON 0.040%

Types of Mortgage Inquiries Received from Essex


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 20.8%
No Money Down Mortgage (discontinued): 20.8%
Mortgage Renewal: 16.7%
First-time Home Buyer: 12.5%
New Home Purchase: 8.3%
Equity Mortgage: 8.3%
Refinance / Debt Consolidation: 8.3%
Pre-approval: 4.2%
 
Total Application Types Found: 8

Age Demographics for Essex Mortgages

Average age: 35
Oldest age: 65
Youngest age: 21


Incomes for Essex Mortgages

The information below represents the average income of applicants living in Essex who have applied for a mortgage loan using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Essex: $41,601.91
applicants within all of Canada: $60,871.80
Difference: ($19,269.89)
  
mortgage co-applicants in Essex: $39,272.25
co-applicants within all of Canada: $44,075.54
Difference: ($4,803.29)

Note: Commercial Mortgage loans were not included for this section, only residential mortgage loan amounts were used.


Last mortgage report update for Essex: Thursday, August 13, 2015
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