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Markham Mortgage Information

Average Mortgage Loan in Markham: $249,398

Busy Months for Mortgages within Markham

The following displays the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Markham seem to occur during our first quarter (represented by the brown bars) with 37.01% while our slowest is the fourth quarter (represented by the red bars) with 15.75%.

Busy Months Report for Markham Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 15.0%
2 February: 13.4%
3 May: 9.4%
4 April: 9.4%
5 July: 9.4%
6 September: 9.1%
RankMonth Percentage of Applications
7 January: 8.7%
8 October: 6.7%
9 November: 5.5%
10 June: 5.1%
11 August: 4.7%
12 December: 3.5%

Busy Days for Online Mortgages within Markham

The graph listed below displays the busy days for mortgage inquiries that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Markham the busiest day of the week, with 21.65% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 7.48% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 21.6%
2 Tuesday: 21.6%
3 Thursday: 14.6%
4 Wednesday: 14.2%
5 Friday: 11.8%
6 Sunday: 8.7%
7 Saturday: 7.5%
Busy Days Report for Markham Mortgages

Peak Hours for Mortgages within Markham

Mortgage inquiries are received 24 hours a day from our web site. The statistics shown below represents the rush hours within a 24-hour period. The data is taken from all days of all years. Only 39.8% of all mortgages are received during the morning, while 58.3% arrive in the afternoon.


Peak Hours Graph for Mortgages in Markham
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.6%
1AM 01:00 to 01:59: 0.4%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0.4%
5AM 05:00 to 05:59: 1.6%
6AM 06:00 to 06:59: 3.1%
7AM 07:00 to 07:59: 5.5%
8AM 08:00 to 08:59: 7.9%
9AM 09:00 to 09:59: 7.1%
10AM 10:00 to 10:59: 6.7%
11AM 11:00 to 11:59: 7.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.7%
1PM 13:00 to 13:59: 3.1%
2PM 14:00 to 14:59: 9.1%
3PM 15:00 to 15:59: 5.9%
4PM 16:00 to 16:59: 3.9%
5PM 17:00 to 17:59: 3.5%
6PM 18:00 to 18:59: 2.8%
7PM 19:00 to 19:59: 5.9%
8PM 20:00 to 20:59: 5.1%
9PM 21:00 to 21:59: 5.5%
10PM 22:00 to 22:59: 2.8%
11PM 23:00 to 23:59: 2.0%

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 Markham Ranks in Ontario for Mortgage Business

The following table lists how Markham 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
17NORTH YORK, ON 0.522%
18ETOBICOKE, ON 0.515%
19RICHMOND HILL, ON 0.512%
20BRANTFORD, ON 0.494%
21KINGSTON, ON 0.482%
22MARKHAM, ON 0.439%
23SAULT STE MARIE, ON 0.429%
24SUDBURY, ON 0.401%
25PETERBOROUGH, ON 0.401%
26AJAX, ON 0.399%
27WATERLOO, ON 0.398%

Types of Mortgage Inquiries Received from Markham


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 23.2%
First-time Home Buyer: 20.1%
Mortgage Pre-approval: 17.7%
New Home Purchase: 12.6%
Refinance / Debt Consolidation: 7.5%
No Money Down Mortgage (discontinued): 5.5%
Other: 13.5%
 
Total Application Types Found: 14

Age Demographics for Markham Mortgages

Average age: 37
Oldest age: 68
Youngest age: 19


Incomes for Markham Mortgages

The numbers below represent the average income of applicants living in Markham 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 Markham: $71,427.92
applicants within all of Canada: $60,852.54
Difference: $10,575.38
  
mortgage co-applicants in Markham: $51,967.59
co-applicants within all of Canada: $43,965.51
Difference: $8,002.08

Note: Commercial loan amounts were not included for this section, only residential loans from Markham, Ontario were used.

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Last mortgage report update for Markham: Friday, July 1, 2016
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