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ToolsMilton Mortgage Information
Average Mortgage Loan in Milton: $214,799Busy Months for Applications within Milton
This graph displays the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Milton mostly occur during our first quarter (represented by the brown bars) with 40.67% while our slowest is the fourth quarter (represented by the red bars) with 17.33%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | January: | 17.3% | |
| 2 | March: | 13.3% | |
| 3 | February: | 10.0% | |
| 4 | August: | 9.3% | |
| 5 | October: | 8.7% | |
| 6 | June: | 8.7% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | April: | 8.0% | |
| 8 | July: | 6.7% | |
| 9 | September: | 6.0% | |
| 10 | December: | 5.3% | |
| 11 | November: | 3.3% | |
| 12 | May: | 3.3% |
Busy Days for Mortgage Applications within Milton
The data below plots the busy days for Internet applications that were received by the Super Brokers web site. Each day is a representation of the combined 6-year total of all instances of that day. In Milton the busiest day, with 22.00% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 3.33% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Monday: | 22.0% |
| 2 | Tuesday: | 20.0% |
| 3 | Thursday: | 16.0% |
| 4 | Wednesday: | 14.7% |
| 5 | Friday: | 14.0% |
| 6 | Sunday: | 10.0% |
| 7 | Saturday: | 3.3% |
Peak Hours for Applicants within Milton
Mortgage applications are received 24 hours a day from the Mortgage Super Brokers web site. The report shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 36.0% of all mortgages are received before noon, while 61.3% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 1.3% |
| 1AM | 01:00 to 01:59: | 0.7% |
| 2AM | 02:00 to 02:59: | 0.7% |
| 3AM | 03:00 to 03:59: | 0% |
| 4AM | 04:00 to 04:59: | 0% |
| 5AM | 05:00 to 05:59: | 0.7% |
| 6AM | 06:00 to 06:59: | 3.3% |
| 7AM | 07:00 to 07:59: | 2.0% |
| 8AM | 08:00 to 08:59: | 5.3% |
| 9AM | 09:00 to 09:59: | 8.7% |
| 10AM | 10:00 to 10:59: | 8.7% |
| 11AM | 11:00 to 11:59: | 7.3% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 6.7% |
| 1PM | 13:00 to 13:59: | 8.7% |
| 2PM | 14:00 to 14:59: | 10.0% |
| 3PM | 15:00 to 15:59: | 5.3% |
| 4PM | 16:00 to 16:59: | 5.3% |
| 5PM | 17:00 to 17:59: | 4.7% |
| 6PM | 18:00 to 18:59: | 6.7% |
| 7PM | 19:00 to 19:59: | 4.7% |
| 8PM | 20:00 to 20:59: | 2.7% |
| 9PM | 21:00 to 21:59: | 3.3% |
| 10PM | 22:00 to 22:59: | 2.0% |
| 11PM | 23:00 to 23:59: | 1.3% |
Ontario Mortgage Originations Compared to all other Provinces and Territories
| Online Mortgage Origination for the Province or Territory of | Percentage of Applications |
|---|---|
| Alberta: | 21.07% |
| 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 Milton Ranks in Ontario for Mortgage Business
The following table lists how Milton 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.
| Rank | Location | Contribution |
|---|---|---|
| 31 | PICKERING, ON | 0.313% |
| 32 | NEWMARKET, ON | 0.309% |
| 33 | NEPEAN, ON | 0.308% |
| 34 | CORNWALL, ON | 0.280% |
| 35 | TIMMINS, ON | 0.268% |
| 36 | MILTON, ON | 0.259% |
| 37 | KANATA, ON | 0.259% |
| 38 | WOODSTOCK, ON | 0.254% |
| 39 | SARNIA, ON | 0.252% |
| 40 | THORNHILL, ON | 0.251% |
| 41 | BELLEVILLE, ON | 0.249% |
Types of Mortgage Inquiries Received from Milton
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| First-time Home Buyer: | 19.3% | |
| Refinance / Debt Consolidation: | 19.3% | |
| New Home Purchase: | 16.0% | |
| Mortgage Pre-approval: | 15.3% | |
| Mortgage Renewal: | 11.3% | |
| No Money Down Mortgage (discontinued): | 10.7% | |
| Other: | 8% | |
| Total Application Types Found: 14 | ||
Age Demographics for Milton Mortgage Applicants
Average age: 36
Oldest age: 65
Youngest age: 20
Incomes for Milton Mortgage Applicants
The following figures show the average income of people living in Milton who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Milton: | $60,751.71 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | ($100.83) |
| mortgage co-applicants in Milton: | $47,751.15 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | $3,785.64 |
Nearest Settlements
- Campbellville
- Carlisle
- Freelton
- Guelph
- Hornby
- Kilbride
- Kitchener
- New Dundee
- Puslinch
- Troy
- Compare Interest Rates
- Milton Broker Contact
Municipal mortgage stats:
Related mortgage information:
| Mortgage Product Type | Inquiries | |
|---|---|---|
| No Money Down discontinued | 19.35% | |
| Refinance/Consolidate Debt | 19.35% | |
| Mortgage Pre-approval | 17.74% | |
| First-time Home Buyer | 14.52% | |
| New Purchase | 12.90% | |
| Mortgage Renewal | 6.45% | |
| Commercial Financing | 4.84% | |
| Other | 4.83% |
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Tel: Fax: info@superbrokers.ca |