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Guelph Mortgage Information

Average Mortgage Loan in Guelph: $205,518

Busy Months for Mortgage Applications within Guelph

The 6-year bar graph below represents the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Guelph mostly occur during our first quarter (represented by the brown bars) with 32.32% while our slowest is the fourth quarter (represented by the red bars) with 17.68%.

Busy Months Report for Guelph Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 12.1%
2 May: 11.6%
3 March: 10.6%
4 April: 9.8%
5 February: 9.6%
6 June: 8.1%
RankMonth Percentage of Applications
7 October: 7.8%
8 August: 7.6%
9 September: 6.6%
10 July: 6.3%
11 November: 6.1%
12 December: 3.8%

Busy Days for Mortgages Received within Guelph

The bar graph below plots the busy days for online mortgage applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Guelph the busiest day of the week, with 16.67% of all applications, is Monday. In comparison, Sunday's are the slowest day with only 12.12% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 16.7%
2 Wednesday: 15.7%
3 Friday: 14.7%
4 Tuesday: 14.4%
5 Thursday: 13.9%
6 Saturday: 12.6%
7 Sunday: 12.1%
Busy Days Report for Guelph Mortgages

Peak Hours for Applicants within Guelph

Applications are received 24 hours a day on the Mortgage Super Brokers web site. The graph shown below indicates the peak hours in the day. The data is taken from all days of all years. Only 34.8% of all mortgages are received during the morning, while 63.1% arrive in the afternoon.


Peak Hours Graph for Mortgages in Guelph
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.0%
1AM 01:00 to 01:59: 0.8%
2AM 02:00 to 02:59: 0.3%
3AM 03:00 to 03:59: 0.3%
4AM 04:00 to 04:59: 0.5%
5AM 05:00 to 05:59: 2.0%
6AM 06:00 to 06:59: 2.8%
7AM 07:00 to 07:59: 2.5%
8AM 08:00 to 08:59: 7.1%
9AM 09:00 to 09:59: 6.1%
10AM 10:00 to 10:59: 6.1%
11AM 11:00 to 11:59: 7.6%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.3%
1PM 13:00 to 13:59: 6.3%
2PM 14:00 to 14:59: 6.8%
3PM 15:00 to 15:59: 6.8%
4PM 16:00 to 16:59: 6.1%
5PM 17:00 to 17:59: 3.8%
6PM 18:00 to 18:59: 6.6%
7PM 19:00 to 19:59: 6.6%
8PM 20:00 to 20:59: 5.3%
9PM 21:00 to 21:59: 4.5%
10PM 22:00 to 22:59: 2.0%
11PM 23:00 to 23:59: 1.0%

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 Guelph Ranks in Ontario for Mortgage Business

The following table lists how Guelph 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
7KITCHENER, ON 1.029%
8SCARBOROUGH, ON 0.854%
9WINDSOR, ON 0.783%
10BARRIE, ON 0.768%
11BURLINGTON, ON 0.752%
12GUELPH, ON 0.685%
13OAKVILLE, ON 0.647%
14CAMBRIDGE, ON 0.624%
15OSHAWA, ON 0.614%
16ST CATHARINES, ON 0.536%
17NORTH YORK, ON 0.522%

Types of Mortgage Inquiries Received from Guelph


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 23.5%
First-time Home Buyer: 21.0%
New Home Purchase: 16.4%
Refinance / Debt Consolidation: 11.4%
No Money Down Mortgage (discontinued): 10.4%
Mortgage Renewal: 7.1%
Other: 10.5%
 
Total Application Types Found: 15

Age Demographics for Guelph Mortgage Applicants

Average age: 36
Oldest age: 77
Youngest age: 19


Incomes for Guelph Mortgage Applicants

The information below represents the average income of people living in Guelph who have applied for a loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Guelph: $57,598.35
applicants within all of Canada: $60,852.54
Difference: ($3,254.19)
  
mortgage co-applicants in Guelph: $41,034.08
co-applicants within all of Canada: $43,965.51
Difference: ($2,931.43)

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

Nearest Settlements


1Milton, Ontario
2Hornby, Ontario
3Puslinch, Ontario
4Troy, Ontario
5Campbellville, Ontario
6New Dundee, Ontario
7Kitchener, Ontario
8Carlisle, Ontario
9Acton, Ontario
10Elmira, Ontario
11Waterloo, Ontario
12Cambridge, Ontario
13Fergus, Ontario
14Georgetown, Ontario
15Millgrove, Ontario
16Erin, Ontario
17Freelton, Ontario
18Ayr, Ontario
19Moorefield, Ontario
20Etobicoke, Ontario
21Kilbride, Ontario
22Wellesley, Ontario
23Waterdown, Ontario
24Halton Hills, Ontario
25Rockwood, Ontario
26Millbank, Ontario
27Listowel, Ontario
28Salem, Ontario
29Burlington, Ontario
30Mississauga, Ontario
31Kleinburg, Ontario
32Centre Wellington, Ontario
33Shakespeare, Ontario
34Princeton, Ontario
35Cheltenham, Ontario
36Lynden, Ontario
37St George, Ontario
38Elora, Ontario
39New Hamburg, Ontario
40Thornhill, Ontario
41Dundas, Ontario
42Willowdale, Ontario
43Alton, Ontario
44Baden, Ontario
45Copetown, Ontario
46Hillsburgh, Ontario
47Ancaster, Ontario
48Don Mills, Ontario
49York, Ontario
50Tavistock, Ontario
51North York, Ontario
52Oakville, Ontario
53Vaughan, Ontario
54Brampton, Ontario
55Drayton, Ontario
56Downsview, Ontario
57Bright, Ontario
58Bolton, Ontario
59Stoney Creek, Ontario
60Burford, Ontario
61Scarborough, Ontario
62Unionville, Ontario
63Concord, Ontario
64Woodbridge, Ontario
65Harriston, Ontario
66Toronto, Ontario
67St Marys, Ontario
68Brantford, Ontario
69Schomberg, Ontario
70Palgrave, Ontario
71Innerkip, Ontario
72East York, Ontario
73Caledonia, Ontario
74St George Brant, Ontario
75Arthur, Ontario
76Paris, Ontario
77Hamilton, Ontario
78Orangeville, Ontario
79Ohsweken, Ontario
80Hannon, Ontario
81Stratford, Ontario
82Terra Cotta, Ontario


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