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ToolsNiagara Falls Mortgage Information
Average Mortgage Loan in Niagara Falls: $148,927Busy Months for Mortgage Inquiries within Niagara Falls
The bar graph below represents the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Niagara Falls seem to occur during our third quarter (represented by the blue bars) with 27.81% while our slowest is the fourth quarter (represented by the red bars) with 19.79%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | February: | 11.8% | |
| 2 | July: | 10.7% | |
| 3 | August: | 10.2% | |
| 4 | April: | 9.6% | |
| 5 | October: | 9.1% | |
| 6 | May: | 8.6% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | January: | 7.5% | |
| 8 | March: | 7.5% | |
| 9 | June: | 7.5% | |
| 10 | September: | 7.0% | |
| 11 | November: | 5.3% | |
| 12 | December: | 5.3% |
Busy Days for Online Applications within Niagara Falls
The information listed below shows the busy days for online applications that were received by the Super Brokers web site. A combined total of all occurrences of each day are represented for the past 5 years. In Niagara Falls, the day with the most volume, having more than 20.86% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 8.56% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Tuesday: | 20.9% |
| 2 | Monday: | 17.6% |
| 3 | Wednesday: | 17.6% |
| 4 | Friday: | 12.3% |
| 5 | Thursday: | 11.8% |
| 6 | Saturday: | 11.2% |
| 7 | Sunday: | 8.6% |
Peak Hours for Mortgages within Niagara Falls
Mortgage applications are received 24 hours a day on the Super Brokers web site. The following represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 39.6% of all mortgages are received during the morning, while 58.8% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 1.1% |
| 1AM | 01:00 to 01:59: | 0.5% |
| 2AM | 02:00 to 02:59: | 0% |
| 3AM | 03:00 to 03:59: | 0.5% |
| 4AM | 04:00 to 04:59: | 2.7% |
| 5AM | 05:00 to 05:59: | 0.5% |
| 6AM | 06:00 to 06:59: | 3.2% |
| 7AM | 07:00 to 07:59: | 3.7% |
| 8AM | 08:00 to 08:59: | 3.2% |
| 9AM | 09:00 to 09:59: | 9.6% |
| 10AM | 10:00 to 10:59: | 8.0% |
| 11AM | 11:00 to 11:59: | 8.0% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 9.6% |
| 1PM | 13:00 to 13:59: | 4.8% |
| 2PM | 14:00 to 14:59: | 5.3% |
| 3PM | 15:00 to 15:59: | 4.8% |
| 4PM | 16:00 to 16:59: | 2.7% |
| 5PM | 17:00 to 17:59: | 3.7% |
| 6PM | 18:00 to 18:59: | 9.6% |
| 7PM | 19:00 to 19:59: | 4.8% |
| 8PM | 20:00 to 20:59: | 4.8% |
| 9PM | 21:00 to 21:59: | 2.7% |
| 10PM | 22:00 to 22:59: | 2.1% |
| 11PM | 23:00 to 23:59: | 3.7% |
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 Niagara Falls Ranks in Ontario for Mortgage Business
The following table lists how Niagara Falls 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 |
|---|---|---|
| 25 | PETERBOROUGH, ON | 0.401% |
| 26 | AJAX, ON | 0.399% |
| 27 | WATERLOO, ON | 0.398% |
| 28 | THUNDER BAY, ON | 0.379% |
| 29 | WHITBY, ON | 0.375% |
| 30 | NIAGARA FALLS, ON | 0.323% |
| 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% |
Types of Mortgage Inquiries Received from Niagara Falls
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| First-time Home Buyer: | 24.6% | |
| Mortgage Pre-approval: | 20.9% | |
| Refinance / Debt Consolidation: | 15.5% | |
| New Home Purchase: | 15.0% | |
| No Money Down Mortgage (discontinued): | 9.6% | |
| Mortgage Renewal: | 6.4% | |
| Other: | 8% | |
| Total Application Types Found: 11 | ||
Age Demographics for Niagara Falls Mortgage Applicants
Average age: 36
Oldest age: 83
Youngest age: 19
Incomes for Niagara Falls Mortgage Applicants
The amounts below are the average income of applicants living in Niagara Falls who have applied for a loan using Mortgage Super Brokers' online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Niagara Falls: | $46,631.31 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | ($14,221.23) |
| mortgage co-applicants in Niagara Falls: | $40,145.36 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | ($3,820.15) |
Nearest Settlements
- Crystal Beach
- Fenwick
- Fonthill
- Lowbanks
- Niagara On The Lake
- Port Colborne
- Ridgeville
- St Catharines
- Welland
- Wellandport
- Compare Interest Rates
- Niagara Falls Broker Contact
Municipal mortgage stats:
Related mortgage information:
| Mortgage Product Type | Inquiries | |
|---|---|---|
| First-time Home Buyer | 25.00% | |
| Mortgage Pre-approval | 23.53% | |
| New Purchase | 14.71% | |
| No Money Down discontinued | 9.56% | |
| Refinance/Consolidate Debt | 8.82% | |
| Mortgage Renewal | 8.09% | |
| Commercial Financing | 6.62% | |
| Other | 3.69% |
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Tel: Fax: info@superbrokers.ca |