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Saskatchewan Mortgage #315872, and all other provinces.
 
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Essex Mortgage Information

Average Mortgage Loan in Essex: $118,128

Peak Hours for Based Mortgages within Essex

Inquiries are received 24 hours a day via the Super Brokers' web site. The statistics shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 43.5% of all mortgages are received before noon, while 56.5% arrive in the afternoon.


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: 4.3%
8AM 08:00 to 08:59: 17.4%
9AM 09:00 to 09:59: 8.7%
10AM 10:00 to 10:59: 8.7%
11AM 11:00 to 11:59: 4.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.3%
1PM 13:00 to 13:59: 4.3%
2PM 14:00 to 14:59: 8.7%
3PM 15:00 to 15:59: 0%
4PM 16:00 to 16:59: 8.7%
5PM 17:00 to 17:59: 8.7%
6PM 18:00 to 18:59: 13.0%
7PM 19:00 to 19:59: 8.7%
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: 21.16%
British Columbia: 10.37%
Manitoba: 1.99%
New Brunswick: 2.51%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.28%
Prince Edward Island: 0.50%
Quebec: 3.94%
Saskatchewan: 5.05%
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
151PENETANGUISHENE, ON 0.042%
152LISTOWEL, ON 0.042%
153SHELBURNE, ON 0.042%
154WALKERTON, ON 0.040%
155ALMONTE, ON 0.040%
156ESSEX, ON 0.040%
157CORUNNA, ON 0.040%
158DURHAM, ON 0.040%
159SPENCERVILLE, ON 0.040%
160DEEP RIVER, ON 0.038%
161FORT FRANCES, ON 0.038%

Types of Mortgage Inquiries Received from Essex


Type of Mortgage Application Form Selected  Percentage
of Inquiries
No Money Down Mortgage (discontinued): 21.7%
Mortgage Pre-approval: 17.4%
Mortgage Renewal: 17.4%
First-time Home Buyer: 13.0%
New Home Purchase: 8.7%
Equity Mortgage: 8.7%
Refinance / Debt Consolidation: 8.7%
Pre-approval: 4.3%
 
Total Application Types Found: 8

Age Demographics for Essex Based Mortgages

Average age: 36
Oldest age: 65
Youngest age: 21


Incomes for Essex Based Mortgages

The numbers below represent the average income of applicants living in Essex who have applied for a home loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Essex: $42,780.55
applicants within all of Canada: $60,841.69
Difference: ($18,061.14)
  
mortgage co-applicants in Essex: $37,193.57
co-applicants within all of Canada: $44,024.91
Difference: ($6,831.34)

Note: Commercial loan amounts were not included for this section, only residential mortgages from Essex, Ontario were used.


Last mortgage report update for Essex: Wednesday, May 20, 2015
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Ontario
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Woodbridge.

Mortgage Product Type Inquiries
Mortgage Pre-approval28.57%
First-time Home Buyer14.29%
New Purchase14.29%
Refinance/Consolidate Debt11.76%
Mortgage Renewal10.92%
No Money Down discontinued10.08%
Other10.08%