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Milton Mortgage Information

Average Mortgage Loan in Milton: $214,799

Busy 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%.

Busy Months Report for Milton Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage 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%
RankMonth 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%
Busy Days Report for Milton Mortgages

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.


Peak Hours Graph for Mortgages in Milton
TimePeriod (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%
TimePeriod (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.

RankLocation Contribution
31PICKERING, ON 0.313%
32NEWMARKET, ON 0.309%
33NEPEAN, ON 0.308%
34CORNWALL, ON 0.280%
35TIMMINS, ON 0.268%
36MILTON, ON 0.259%
37KANATA, ON 0.259%
38WOODSTOCK, ON 0.254%
39SARNIA, ON 0.252%
40THORNHILL, ON 0.251%
41BELLEVILLE, 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

Note: Commercial loan amounts were not included for this report, only residential loans amounts were used.

Nearest Settlements


1Puslinch, Ontario
2Campbellville, Ontario
3Guelph, Ontario
4Carlisle, Ontario
5Hornby, Ontario
6Troy, Ontario
7New Dundee, Ontario
8Kitchener, Ontario
9Freelton, Ontario
10Kilbride, Ontario
11Acton, Ontario
12Cambridge, Ontario
13Fergus, Ontario
14Burlington, Ontario
15Mississauga, Ontario
16Georgetown, Ontario
17Millgrove, Ontario
18Erin, Ontario
19Ayr, Ontario
20York, Ontario
21Etobicoke, Ontario
22Waterdown, Ontario
23Elmira, Ontario
24Waterloo, Ontario
25Oakville, Ontario
26Halton Hills, Ontario
27Rockwood, Ontario
28Scarborough, Ontario
29Kleinburg, Ontario
30Princeton, Ontario
31Cheltenham, Ontario
32Lynden, Ontario
33St George, Ontario
34Elora, Ontario
35Thornhill, Ontario
36Toronto, Ontario
37Dundas, Ontario
38Willowdale, Ontario
39Alton, Ontario
40Baden, Ontario
41Copetown, Ontario
42Hillsburgh, Ontario
43Ancaster, Ontario
44Moorefield, Ontario
45Don Mills, Ontario
46East York, Ontario
47North York, Ontario
48Hamilton, Ontario
49Wellesley, Ontario
50Hannon, Ontario
51Vaughan, Ontario
52Brampton, Ontario
53Millbank, Ontario
54Listowel, Ontario
55Downsview, Ontario
56Bright, Ontario
57Salem, Ontario
58Bolton, Ontario
59Stoney Creek, Ontario
60Burford, Ontario
61Unionville, Ontario
62Concord, Ontario
63Centre Wellington, Ontario
64Shakespeare, Ontario
65Woodbridge, Ontario
66New Hamburg, Ontario
67Brantford, Ontario
68Schomberg, Ontario
69Palgrave, Ontario
70Innerkip, Ontario
71Tavistock, Ontario
72Caledonia, Ontario
73St George Brant, Ontario
74Arthur, Ontario
75Paris, Ontario
76Orangeville, Ontario
77Ohsweken, Ontario
78Drayton, Ontario
79Terra Cotta, Ontario


Last mortgage report update for Milton: Friday, July 1, 2016
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Mortgage Product Popularity
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Tillsonburg.

Mortgage Product Type Inquiries
No Money Down discontinued19.35%
Refinance/Consolidate Debt19.35%
Mortgage Pre-approval17.74%
First-time Home Buyer14.52%
New Purchase12.90%
Mortgage Renewal6.45%
Commercial Financing4.84%
Other4.83%