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Kitchener Mortgage Information

Average Mortgage Loan in Kitchener: $183,588

Busy Months for Mortgage Inquiries within Kitchener

The following bar graph shows the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Kitchener happen to occur during our first quarter (represented by the brown bars) with 28.57% while our slowest is the fourth quarter (represented by the red bars) with 20.84%.

Busy Months Report for Kitchener Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 11.1%
2 April: 10.8%
3 January: 10.6%
4 May: 8.9%
5 September: 8.9%
6 November: 8.7%
RankMonth Percentage of Applications
7 June: 8.2%
8 August: 7.6%
9 October: 7.6%
10 February: 6.9%
11 July: 6.2%
12 December: 4.5%

Busy Days for Online Applications within Kitchener

The graph listed below plots the busy days for online 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 Kitchener, the day with the most volume, generating 19.66% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 9.41% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 19.7%
2 Thursday: 17.8%
3 Monday: 15.8%
4 Wednesday: 14.1%
5 Friday: 12.9%
6 Saturday: 10.3%
7 Sunday: 9.4%
Busy Days Report for Kitchener Mortgages

Peak Hours for Mortgages within Kitchener

Mortgage inquiries are received 24 hours a day on the Super Brokers' web site. The statistics shown below indicates the peak hours in the day. The data is taken from all days of all years. Only 36.0% of all mortgages are received before noon, while 61.7% arrive in the afternoon.


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: 1.0%
6AM 06:00 to 06:59: 2.0%
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: 6.4%
11AM 11:00 to 11:59: 7.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.6%
1PM 13:00 to 13:59: 6.1%
2PM 14:00 to 14:59: 7.4%
3PM 15:00 to 15:59: 7.1%
4PM 16:00 to 16:59: 4.5%
5PM 17:00 to 17:59: 5.5%
6PM 18:00 to 18:59: 5.7%
7PM 19:00 to 19:59: 5.4%
8PM 20:00 to 20:59: 5.5%
9PM 21:00 to 21:59: 3.7%
10PM 22:00 to 22:59: 1.8%
11PM 23:00 to 23:59: 2.4%

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 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 2.356%
3OTTAWA, ON 2.125%
4LONDON, ON 1.487%
5BRAMPTON, ON 1.476%
6HAMILTON, ON 1.454%
7KITCHENER, ON 1.029%
8SCARBOROUGH, ON 0.854%
9WINDSOR, ON 0.783%
10BARRIE, ON 0.768%
11BURLINGTON, ON 0.752%
12GUELPH, ON 0.685%

Types of Mortgage Inquiries Received from Kitchener


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 22.4%
Mortgage Pre-approval: 20.2%
New Home Purchase: 14.3%
Refinance / Debt Consolidation: 13.3%
No Money Down Mortgage (discontinued): 11.4%
Mortgage Renewal: 10.4%
Other: 8%
 
Total Application Types Found: 15

Age Demographics for Kitchener Based Mortgages

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


Incomes for Kitchener Based Mortgages

The following depicts the average income of Canadians living in Kitchener who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Kitchener: $56,435.46
applicants within all of Canada: $60,852.54
Difference: ($4,417.08)
  
mortgage co-applicants in Kitchener: $45,508.57
co-applicants within all of Canada: $43,965.51
Difference: $1,543.06

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loan amounts from Kitchener, Ontario were used.


Last mortgage report update for Kitchener: Friday, July 1, 2016
Mortgage Quote - Apply
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Windsor.

Mortgage Product Type Inquiries
Mortgage Pre-approval22.30%
First-time Home Buyer18.32%
New Purchase16.34%
Refinance/Consolidate Debt13.69%
No Money Down discontinued11.26%
Mortgage Renewal11.04%
Other7.05%
 
Mortgage Rate History
Rates are at historic lows. Want to see how the prime and mortgage rates have changed over the last ten years? Find more information with our mortgage rate history tables and graphs.
Mortgage Rates History