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Mississauga Mortgage Information

Average Mortgage Loan in Mississauga: $239,083

Busy Months for Mortgages within Mississauga

This bar graph shows the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Mississauga seem to occur during our first quarter (represented by the brown bars) with 29.37% while our slowest is the fourth quarter (represented by the red bars) with 20.12%.

Busy Months Report for Mississauga Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 10.6%
2 April: 10.2%
3 February: 10.0%
4 May: 9.3%
5 January: 8.8%
6 June: 8.7%
RankMonth Percentage of Applications
7 October: 7.9%
8 July: 7.8%
9 August: 7.7%
10 September: 6.8%
11 November: 6.4%
12 December: 5.9%

Busy Days for Online Applications within Mississauga

The information below displays the busy days for online mortgage 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 Mississauga, the day with the most volume, having more than 18.21% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 9.62% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 18.2%
2 Tuesday: 18.1%
3 Wednesday: 15.9%
4 Thursday: 15.9%
5 Friday: 11.6%
6 Sunday: 10.8%
7 Saturday: 9.6%
Busy Days Report for Mississauga Mortgages

Peak Hours for Mortgages within Mississauga

Applications are received 24 hours a day via the Mortgage Super Brokers web site. The information shown below indicates the busy hours in the day. The data is taken from all days of all years. Only 37.3% of all mortgages are received before noon, while 60.6% arrive in the afternoon.


Peak Hours Graph for Mortgages in Mississauga
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.8%
1AM 01:00 to 01:59: 0.6%
2AM 02:00 to 02:59: 0.7%
3AM 03:00 to 03:59: 0.2%
4AM 04:00 to 04:59: 0.4%
5AM 05:00 to 05:59: 1.0%
6AM 06:00 to 06:59: 3.4%
7AM 07:00 to 07:59: 4.8%
8AM 08:00 to 08:59: 5.2%
9AM 09:00 to 09:59: 7.8%
10AM 10:00 to 10:59: 7.1%
11AM 11:00 to 11:59: 7.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.6%
1PM 13:00 to 13:59: 7.3%
2PM 14:00 to 14:59: 7.1%
3PM 15:00 to 15:59: 4.8%
4PM 16:00 to 16:59: 4.4%
5PM 17:00 to 17:59: 4.8%
6PM 18:00 to 18:59: 5.0%
7PM 19:00 to 19:59: 6.9%
8PM 20:00 to 20:59: 5.7%
9PM 21:00 to 21:59: 4.3%
10PM 22:00 to 22:59: 2.9%
11PM 23:00 to 23:59: 0.8%

Ontario Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.18%
British Columbia: 10.35%
Manitoba: 2.00%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.48%
Nunavut: 0.09%
Ontario: 47.21%
Prince Edward Island: 0.50%
Quebec: 3.93%
Saskatchewan: 5.06%
Yukon: 0.47%

How Mississauga Ranks in Ontario for Mortgage Business

The following table lists how Mississauga 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
1TORONTO, ON 4.333%
2MISSISSAUGA, ON 2.349%
3OTTAWA, ON 2.115%
4LONDON, ON 1.482%
5BRAMPTON, ON 1.465%
6HAMILTON, ON 1.454%
7KITCHENER, ON 1.028%

Types of Mortgage Inquiries Received from Mississauga


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 20.3%
Mortgage Pre-approval: 19.8%
New Home Purchase: 14.8%
Mortgage Renewal: 13.8%
Refinance / Debt Consolidation: 12.8%
No Money Down Mortgage (discontinued): 7.4%
Other: 11.1%
 
Total Application Types Found: 20

Age Demographics for Mississauga Originated Mortgages

Average age: 39
Oldest age: 89
Youngest age: 19


Incomes for Mississauga Originated Mortgages

The following figures show the average income of people living in Mississauga who have applied for a home loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Mississauga: $66,091.12
applicants within all of Canada: $60,871.80
Difference: $5,219.31
  
mortgage co-applicants in Mississauga: $45,681.81
co-applicants within all of Canada: $44,075.54
Difference: $1,606.27

Note: Commercial loan amounts were not included for this survey, only home loans were used.


Last mortgage report update for Mississauga: Thursday, August 13, 2015
Mortgage Quote
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Pickering.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt20.77%
Mortgage Pre-approval19.67%
Mortgage Renewal14.75%
First-time Home Buyer13.11%
New Purchase11.48%
No Money Down discontinued10.38%
Other9.83%
 
Did you know? The average home loan in Huntsville is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
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