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: $157,311

Busy Months for Online Mortgages within Hamilton

The graph below shows the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Hamilton occur during our first quarter (represented by the brown bars) with 31.44% while our slowest is the fourth quarter (represented by the red bars) with 17.67%.

Busy Months Report for Hamilton Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 February: 11.9%
2 January: 10.0%
3 June: 10.0%
4 March: 9.6%
5 April: 9.3%
6 May: 8.4%
RankMonth Percentage of Applications
7 August: 8.0%
8 September: 7.8%
9 July: 7.5%
10 October: 6.9%
11 November: 6.5%
12 December: 4.3%

Busy Days for Mortgage Applications within Hamilton

The bar graph below plots 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, generating 17.20% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 8.30% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 17.2%
2 Wednesday: 16.5%
3 Monday: 16.0%
4 Thursday: 15.4%
5 Sunday: 13.5%
6 Friday: 13.1%
7 Saturday: 8.3%
Busy Days Report for Hamilton Mortgages

Peak Hours for Mortgage Applicants within Hamilton

In Hamilton, inquiries are received 24 hours a day on the Mortgage Super Brokers 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 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: 1.5%
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: 4.6%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.7%
1PM 13:00 to 13:59: 6.6%
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: 5.0%
6PM 18:00 to 18:59: 6.5%
7PM 19:00 to 19:59: 6.4%
8PM 20:00 to 20:59: 6.0%
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: 21.18%
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 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 4.333%
2MISSISSAUGA, ON 2.349%
3OTTAWA, ON 2.115%
4LONDON, ON 1.482%
5BRAMPTON, ON 1.465%
6HAMILTON, ON 1.454%
7KITCHENER, ON 1.028%
8SCARBOROUGH, ON 0.852%
9WINDSOR, ON 0.780%
10BARRIE, ON 0.762%
11BURLINGTON, ON 0.752%

Types of Mortgage Inquiries Received from Hamilton


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 20.5%
Refinance / Debt Consolidation: 17.7%
First-time Home Buyer: 16.5%
New Home Purchase: 14.2%
No Money Down Mortgage (discontinued): 12.3%
Mortgage Renewal: 8.4%
Other: 10.2%
 
Total Application Types Found: 19

Age Demographics for Hamilton Mortgage Applicants

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


Incomes for Hamilton Mortgage Applicants

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

Average annual gross income for
mortgage applicants in Hamilton: $52,036.65
applicants within all of Canada: $60,871.80
Difference: ($8,835.15)
  
mortgage co-applicants in Hamilton: $38,325.53
co-applicants within all of Canada: $44,075.54
Difference: ($5,750.01)

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


Last mortgage report update for Hamilton: Thursday, August 13, 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
When Canadians buy their homes, they'll renew on average four times before the house is completely paid off. Want to see what your balance is at the end of your mortgage term? Just use our mortgage calculator to find out.
Pen On Calculator