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Essex Mortgage Information

Average Mortgage Loan in Essex: $118,128

Peak Hours for Mortgages within Essex

Applications are received 24 hours a day via the Mortgage Super Brokers web site. The information shown below represents the peak 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: 4.3%
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: 21.07%
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 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 0.041%
152LISTOWEL, ON 0.041%
153SHELBURNE, ON 0.041%
154WALKERTON, ON 0.040%
155ALMONTE, ON 0.040%
156ESSEX, ON 0.040%
157DEEP RIVER, ON 0.038%
158FORT FRANCES, ON 0.038%
159FENELON FALLS, ON 0.038%
160DURHAM, ON 0.038%
161SPENCERVILLE, 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 Mortgages

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


Incomes for Essex Mortgages

The amounts shown below represent the average income of people living in Essex who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Essex: $42,780.55
applicants within all of Canada: $60,852.54
Difference: ($18,072.00)
  
mortgage co-applicants in Essex: $37,193.57
co-applicants within all of Canada: $43,965.51
Difference: ($6,771.94)

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


Last mortgage report update for Essex: Friday, July 1, 2016
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