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

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Hamilton Mortgage Information

Average Mortgage Loan in Hamilton: $157,267

Busy Months for Mortgage Applications within Hamilton

The following bar graph shows the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Hamilton happen to occur during our first quarter (represented by the brown bars) with 31.62% while our slowest is the fourth quarter (represented by the red bars) with 17.78%.

Busy Months Report for Hamilton Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 February: 11.9%
2 January: 10.0%
3 March: 9.7%
4 June: 9.6%
5 April: 9.3%
6 May: 8.3%
RankMonth Percentage of Applications
7 August: 8.0%
8 September: 7.9%
9 July: 7.5%
10 October: 6.9%
11 November: 6.6%
12 December: 4.3%

Busy Days for Online Mortgages within Hamilton

The bar graph listed below displays the busy days for online mortgage applications that were received by the Super Brokers web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Hamilton, the day with the most volume, having more than 17.18% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 8.35% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 17.2%
2 Wednesday: 16.6%
3 Monday: 16.0%
4 Thursday: 15.5%
5 Sunday: 13.5%
6 Friday: 12.9%
7 Saturday: 8.3%
Busy Days Report for Hamilton Mortgages

Peak Hours for Mortgage Applicants within Hamilton

Mortgage applications are received 24 hours a day via the Super Brokers web site. The graph shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 33.8% of all mortgages are received before noon, while 64.7% arrive in the afternoon.


Peak Hours Graph for Mortgages in Hamilton
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.7%
1AM 01:00 to 01:59: 0.7%
2AM 02:00 to 02:59: 0.1%
3AM 03:00 to 03:59: 0.4%
4AM 04:00 to 04:59: 0.8%
5AM 05:00 to 05:59: 1.6%
6AM 06:00 to 06:59: 2.7%
7AM 07:00 to 07:59: 4.9%
8AM 08:00 to 08:59: 6.0%
9AM 09:00 to 09:59: 6.3%
10AM 10:00 to 10:59: 6.6%
11AM 11:00 to 11:59: 4.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.6%
1PM 13:00 to 13:59: 6.7%
2PM 14:00 to 14:59: 8.1%
3PM 15:00 to 15:59: 4.3%
4PM 16:00 to 16:59: 6.4%
5PM 17:00 to 17:59: 4.9%
6PM 18:00 to 18:59: 6.6%
7PM 19:00 to 19:59: 6.4%
8PM 20:00 to 20:59: 6.1%
9PM 21:00 to 21:59: 3.6%
10PM 22:00 to 22:59: 2.1%
11PM 23:00 to 23:59: 0.8%

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 Hamilton Ranks in Ontario for Mortgage Business

The following table lists how Hamilton 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
1TORONTO, ON 4.346%
2MISSISSAUGA, ON 2.352%
3OTTAWA, ON 2.116%
4LONDON, ON 1.487%
5BRAMPTON, ON 1.468%
6HAMILTON, ON 1.452%
7KITCHENER, ON 1.033%
8SCARBOROUGH, ON 0.856%
9WINDSOR, ON 0.782%
10BARRIE, ON 0.766%
11BURLINGTON, ON 0.750%

Types of Mortgage Inquiries Received from Hamilton


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 20.6%
Refinance / Debt Consolidation: 17.8%
First-time Home Buyer: 16.6%
New Home Purchase: 13.8%
No Money Down Mortgage (discontinued): 12.4%
Mortgage Renewal: 8.5%
Other: 10.3%
 
Total Application Types Found: 19

Age Demographics for Hamilton Applicants

Average age: 37
Oldest age: 86
Youngest age: 19


Incomes for Hamilton Applicants

The following depicts the average income of people living in Hamilton who have submitted an inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Hamilton: $52,096.56
applicants within all of Canada: $60,841.69
Difference: ($8,745.13)
  
mortgage co-applicants in Hamilton: $38,286.93
co-applicants within all of Canada: $44,024.91
Difference: ($5,737.98)

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


Last mortgage report update for Hamilton: Wednesday, May 20, 2015
Mortgage Calculator
 
Did you know? The average home loan in Hamilton is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
Ontario
 
Easy-to-Use Mortgage Calculator
Want to know what your remaining balance is at the end of your mortgage term? Just try our simple to use mortgage calculator and find out.
Pen On Calculator