Niagara Falls Mortgages

Variable closed:	2.85%
1 year closed:	2.69%
3 year closed:	2.69%
5 year closed:	2.79%
10 year closed:	3.44%

Busy 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%.

Busy Months Report for Niagara Falls Mortgages

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%

Busy Days Report for Niagara Falls Mortgages

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.

Peak Hours Graph for Mortgages in Niagara Falls

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)

Note: Commercial Mortgages were not included for this report, only residential mortgages were used.

Nearest Settlements

1	Welland, Ontario
2	Fonthill, Ontario
3	Ridgeville, Ontario
4	Fenwick, Ontario
5	Port Colborne, Ontario
6	Wellandport, Ontario
7	Niagara On The Lake, Ontario
8	Lowbanks, Ontario
9	St Catharines, Ontario
10	Crystal Beach, Ontario

11	Fort Erie, Ontario
12	Ridgeway, Ontario
13	Thorold, Ontario
14	Stevensville, Ontario
15	Caistor Centre, Ontario
16	Vineland, Ontario
17	St Anns, Ontario
18	Smithville, Ontario
19	Dunnville, Ontario
20	Grimsby, Ontario

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%

Niagara Falls Mortgage Information