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Kitchener Mortgage Information

Average Mortgage Loan in Kitchener: $183,430

Busy Months for Mortgage Applications within Kitchener

The bar graph below depicts the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Kitchener mostly occur during our first quarter (represented by the brown bars) with 28.52% while our slowest is the fourth quarter (represented by the red bars) with 20.81%.

Busy Months Report for Kitchener Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 11.1%
2 April: 10.6%
3 March: 10.6%
4 May: 9.2%
5 September: 8.9%
6 November: 8.7%
RankMonth Percentage of Applications
7 June: 8.2%
8 August: 7.5%
9 October: 7.5%
10 February: 6.9%
11 July: 6.2%
12 December: 4.5%

Busy Days for Online Mortgages within Kitchener

The graph below illustrates the busy days for online applications that were received by the Super Brokers web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Kitchener the busiest day, with approximately 19.80% of all inquiries, is Tuesday. In comparison, Sunday's are the slowest day with only 9.40% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 19.8%
2 Thursday: 17.6%
3 Monday: 16.3%
4 Wednesday: 14.1%
5 Friday: 12.6%
6 Saturday: 10.2%
7 Sunday: 9.4%
Busy Days Report for Kitchener Mortgages

Peak Hours for Originated Mortgages within Kitchener

Inquiries are received 24 hours a day from the Mortgage Super Brokers web site. The report shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Kitchener
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.8%
1AM 01:00 to 01:59: 0.8%
2AM 02:00 to 02:59: 0.7%
3AM 03:00 to 03:59: 0.5%
4AM 04:00 to 04:59: 0.8%
5AM 05:00 to 05:59: 1.3%
6AM 06:00 to 06:59: 2.2%
7AM 07:00 to 07:59: 4.9%
8AM 08:00 to 08:59: 6.2%
9AM 09:00 to 09:59: 6.9%
10AM 10:00 to 10:59: 6.2%
11AM 11:00 to 11:59: 7.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.5%
1PM 13:00 to 13:59: 6.0%
2PM 14:00 to 14:59: 7.2%
3PM 15:00 to 15:59: 7.0%
4PM 16:00 to 16:59: 4.5%
5PM 17:00 to 17:59: 5.5%
6PM 18:00 to 18:59: 5.9%
7PM 19:00 to 19:59: 5.4%
8PM 20:00 to 20:59: 5.4%
9PM 21:00 to 21:59: 3.7%
10PM 22:00 to 22:59: 1.8%
11PM 23:00 to 23:59: 2.3%

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 Kitchener Ranks in Ontario for Mortgage Business

The following table lists how Kitchener 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
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%
12GUELPH, ON 0.688%

Types of Mortgage Inquiries Received from Kitchener


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 22.3%
Mortgage Pre-approval: 20.1%
New Home Purchase: 14.9%
Refinance / Debt Consolidation: 13.1%
No Money Down Mortgage (discontinued): 11.4%
Mortgage Renewal: 10.4%
Other: 7.7%
 
Total Application Types Found: 15

Age Demographics for Kitchener Mortgage Applicants

Average age: 37
Oldest age: 78
Youngest age: 19


Incomes for Kitchener Mortgage Applicants

The information below represents the average income of applicants living in Kitchener who have submitted an inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Kitchener: $56,284.91
applicants within all of Canada: $60,841.69
Difference: ($4,556.77)
  
mortgage co-applicants in Kitchener: $45,393.24
co-applicants within all of Canada: $44,024.91
Difference: $1,368.33

Note: Commercial Mortgages were not included for this survey, only home loans from Kitchener, Ontario were used.


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

Mortgage Product Type Inquiries
First-time Home Buyer25.00%
Mortgage Pre-approval23.53%
New Purchase15.44%
No Money Down discontinued9.56%
Refinance/Consolidate Debt8.82%
Mortgage Renewal8.09%
Commercial Financing5.88%
Other3.69%