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Mississauga Mortgage Information

Average Mortgage Loan in Mississauga: $239,395

Busy Months for Mortgage Applications within Mississauga

The following bar 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 Mississauga occur during our first quarter (represented by the brown bars) with 29.71% while our slowest is the fourth quarter (represented by the red bars) with 20.10%.

Busy Months Report for Mississauga Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 10.9%
2 April: 10.2%
3 February: 10.0%
4 May: 9.2%
5 January: 8.9%
6 June: 8.7%
RankMonth Percentage of Applications
7 October: 7.8%
8 August: 7.7%
9 July: 7.6%
10 September: 6.8%
11 November: 6.4%
12 December: 5.9%

Busy Days for Applications within Mississauga

The information listed below plots the busy days for Internet mortgage 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 Mississauga the busiest day, with 18.20% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 9.68% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 18.2%
2 Monday: 18.1%
3 Thursday: 15.9%
4 Wednesday: 15.7%
5 Friday: 11.7%
6 Sunday: 10.7%
7 Saturday: 9.7%
Busy Days Report for Mississauga Mortgages

Peak Hours for Mortgages within Mississauga

Inquiries are received 24 hours a day from the Super Brokers web site. The graph shown below indicates the peak hours in the day. The data is taken from all days of all years.


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: 0.5%
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: 5.1%
9AM 09:00 to 09:59: 7.8%
10AM 10:00 to 10:59: 7.0%
11AM 11:00 to 11:59: 7.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.7%
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: 4.5%
5PM 17:00 to 17:59: 4.8%
6PM 18:00 to 18:59: 5.0%
7PM 19:00 to 19:59: 6.8%
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: 21.07%
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 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 4.353%
2MISSISSAUGA, ON 2.356%
3OTTAWA, ON 2.125%
4LONDON, ON 1.487%
5BRAMPTON, ON 1.476%
6HAMILTON, ON 1.454%
7KITCHENER, ON 1.029%

Types of Mortgage Inquiries Received from Mississauga


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 20.4%
Mortgage Pre-approval: 19.7%
New Home Purchase: 14.7%
Mortgage Renewal: 13.9%
Refinance / Debt Consolidation: 12.8%
No Money Down Mortgage (discontinued): 7.4%
Other: 11.1%
 
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 numbers below represent the average income of Canadians living in Mississauga who have applied for a loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Mississauga: $65,927.68
applicants within all of Canada: $60,852.54
Difference: $5,075.13
  
mortgage co-applicants in Mississauga: $45,712.20
co-applicants within all of Canada: $43,965.51
Difference: $1,746.69

Note: Commercial Mortgage loans were not included for this survey, only home loans from Mississauga, Ontario were used.


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

Mortgage Product Type Inquiries
No Money Down discontinued22.22%
First-time Home Buyer20.37%
Mortgage Pre-approval18.52%
New Purchase15.43%
Refinance/Consolidate Debt12.35%
Mortgage Renewal4.94%
Other6.17%
 
Did you know? The average home loan in Milton is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
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