Mortgage Stats and Info for London, ON

Busy Months

The bar graph below depicts the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest month for mortgages from London, ON usually occurs in January with 10.7% of applications, while our slowest is December with 5.7%.

JanFebMarAprMayJunJulAugSepOctNovDec0%3%6%9%12%
Busy Months for Mortgages in London
January10.7%
March10.1%
May9.7%
April8.8%
February8.5%
August8.2%
September8.2%
July7.9%
June7.8%
October7.8%
November6.6%
December5.7%

Busy Days

The bar graph listed below compares the busy days for Internet mortgage applications that were received by the Super Brokers web site. A combined total of all occurrences of each day are represented for the past 5 years. In London, ON the busiest day, having more than 19.9% of all submissions, is Tuesday. In comparison, Saturday is the slowest day with only 10.7% of all inquiries.

MonTueWedThuFriSatSun0%5%10%15%20%
Busy Days for Mortgages in London
Tuesday19.9%
Wednesday17.1%
Monday17.0%
Thursday12.4%
Sunday12.0%
Friday10.7%
Saturday10.7%

Peak Hours

Inquiries are received 24 hours a day via the Super Brokers' web site. The time periods below indicates the rush hours in the day. 37.9% of all mortgages are received before noon, while 62.1% arrive in the afternoon.

0%2%4%6%8%Midnight6 AMNoon6 PM
Peak Hours for Mortgages in London
Midnight - 1 AM2.3%
1 AM - 2 AM2.1%
2 AM - 3 AM1.0%
3 AM - 4 AM0.7%
4 AM - 5 AM0.3%
5 AM - 6 AM0.6%
6 AM - 7 AM0.6%
7 AM - 8 AM1.6%
8 AM - 9 AM1.8%
9 AM - 10 AM3.8%
10 AM - 11 AM6.7%
11 AM - Noon6.6%
Noon - 1 PM6.4%
1 PM - 2 PM7.7%
2 PM - 3 PM7.8%
3 PM - 4 PM5.3%
4 PM - 5 PM5.9%
5 PM - 6 PM6.4%
6 PM - 7 PM3.1%
7 PM - 8 PM7.1%
8 PM - 9 PM6.6%
9 PM - 10 PM6.2%
10 PM - 11 PM5.7%
11 PM - Midnight3.6%

Busy Seasons

The chart below depicts the peak seasons for Internet applications received by Super Brokers. The busiest season for mortgage applications in London, ON seems to occur in Spring with 28.6%, while the slow season is Autumn with 22.6%.

25.0%28.6%23.8%22.6%
  • Winter
  • Spring
  • Summer
  • Autumn
Busy Seasons for Mortgages in London
Winter25.0%
Spring28.6%
Summer23.8%
Autumn22.6%

Age Ranges for Mortgage Applicants

In London, ON, the median age for when people apply for a mortgage is 36. The youngest person to apply for a mortgage with SuperBrokers was 18; the oldest was 83 years young.

London0255075100Min Age: 18Median Age: 36Maximum Age: 83

Marital Status for Mortgage Applicants

When people in London, ON apply for a mortgage, they enter a marital status, and the most frequent status' they report are Married with 44.7%, Single with 28.4%, Common Law with 16.7%, Separated with 6.0%, Divorced with 3.4%, and Widowed with 0.9%.

London0306090120

Mortgage Types

Of all of the mortgage applications in London, ON, the 3 most prominent application types are First-time Buyer with 20.3%, Qualification with 19.0%, and No Money Down with 13.7%.

  • First-time Buyer
  • Qualification
  • No Money Down
  • Purchase
  • Refinance
  • Renewal
  • Other
Mortgage Inquiry Types for Mortgages in London
First-time Buyer20.3%
Qualification19.0%
No Money Down13.7%
Purchase13.3%
Refinance13.0%
Renewal11.8%
Other8.8%

Current Living Arrangement

When asked on a mortgage application if they own or rent and where they reside, the people of London, ON commonly say: Rent with 48.0%, Own with 40.9%, and Live with parents with 5.7%.

London0255075100
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