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Mississauga Mortgage Information

Average Mortgage Loan in Mississauga: $239,245

Busy Months for Online Mortgages within Mississauga

The following displays the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Mississauga usually occur during our first quarter (represented by the brown bars) with 29.48% while our slowest is the fourth quarter (represented by the red bars) with 20.19%.

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: 8.6%
RankMonth Percentage of Applications
7 October: 7.9%
8 August: 7.7%
9 July: 7.6%
10 September: 6.8%
11 November: 6.4%
12 December: 5.9%

Busy Days for Mortgage Inquiries within Mississauga

The graph listed below plots the busy days for online mortgage applications that were received by the Super Brokers web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Mississauga, the day with the most volume, generating 18.20% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 9.58% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 18.2%
2 Tuesday: 18.1%
3 Thursday: 15.9%
4 Wednesday: 15.8%
5 Friday: 11.6%
6 Sunday: 10.7%
7 Saturday: 9.6%
Busy Days Report for Mississauga Mortgages

Peak Hours for Mortgage Applicants within Mississauga

In Mississauga, mortgage applications are received 24 hours a day on the Super Brokers web site. The statistics shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 37.3% of all mortgages are received during the morning, 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: 4.7%
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: 7.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.6%
1PM 13:00 to 13:59: 7.4%
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: 5.6%
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: 21.16%
British Columbia: 10.37%
Manitoba: 1.99%
New Brunswick: 2.51%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.28%
Prince Edward Island: 0.50%
Quebec: 3.94%
Saskatchewan: 5.05%
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 4.346%
2MISSISSAUGA, ON 2.352%
3OTTAWA, ON 2.116%
4LONDON, ON 1.487%
5BRAMPTON, ON 1.468%
6HAMILTON, ON 1.452%
7KITCHENER, ON 1.033%

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: 19.7%
New Home Purchase: 14.8%
Mortgage Renewal: 13.8%
Refinance / Debt Consolidation: 12.7%
No Money Down Mortgage (discontinued): 7.4%
Other: 11.2%
 
Total Application Types Found: 20

Age Demographics for Mississauga Mortgage Applicants

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


Incomes for Mississauga Mortgage Applicants

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

Average annual gross income for
mortgage applicants in Mississauga: $66,084.80
applicants within all of Canada: $60,841.69
Difference: $5,243.12
  
mortgage co-applicants in Mississauga: $45,585.57
co-applicants within all of Canada: $44,024.91
Difference: $1,560.66

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


Last mortgage report update for Mississauga: Wednesday, May 20, 2015
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