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Kitchener Mortgage Information

Average Mortgage Loan in Kitchener: $183,430

Busy Months for Applications within Kitchener

This graph illustrates the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Kitchener seem to 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 listed below displays the busy days for mortgage inquiries 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 Kitchener the busiest day, with approximately 19.80% of all submissions, 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 Mortgages within Kitchener

Mortgage applications are received 24 hours a day on the Mortgage Super Brokers web site. The graph shown below indicates the rush hours in the day. 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: 21.18%
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 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 2.349%
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%
12GUELPH, ON 0.687%

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 Mortgages

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


Incomes for Kitchener Mortgages

The amounts below are the average income of Canadians living in Kitchener who have submitted an inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Kitchener: $56,284.91
applicants within all of Canada: $60,871.80
Difference: ($4,586.89)
  
mortgage co-applicants in Kitchener: $45,393.24
co-applicants within all of Canada: $44,075.54
Difference: $1,317.71

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


Last mortgage report update for Kitchener: Thursday, August 13, 2015
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Ontario
 
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 Buyer25.55%
Mortgage Pre-approval23.36%
New Purchase15.33%
No Money Down discontinued9.49%
Refinance/Consolidate Debt8.76%
Mortgage Renewal8.03%
Commercial Financing5.84%
Other3.65%