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North Bay Mortgage Information

Average Mortgage Loan in North Bay: $146,309

Busy Months for Online Applications within North Bay

The following bar graph depicts the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from North Bay mostly occur during our first quarter (represented by the brown bars) with 34.56% while our slowest is the fourth quarter (represented by the red bars) with 13.24%.

Busy Months Report for North Bay Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 July: 14.0%
2 March: 13.2%
3 January: 12.5%
4 April: 8.8%
5 February: 8.8%
6 June: 8.8%
RankMonth Percentage of Applications
7 May: 8.1%
8 September: 7.3%
9 December: 5.9%
10 August: 5.2%
11 October: 4.4%
12 November: 2.9%

Busy Days for Online Mortgages within North Bay

The bar graph below plots the busy days for online applications that were received by Super Brokers' web site. A combined total of all occurrences of each day are represented for the past 5 years. In North Bay, the day with the most volume, having more than 19.12% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 8.82% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 19.1%
2 Wednesday: 18.4%
3 Monday: 16.2%
4 Thursday: 16.2%
5 Sunday: 11.8%
6 Friday: 9.6%
7 Saturday: 8.8%
Busy Days Report for North Bay Mortgages

Peak Hours for Mortgages within North Bay

Applications are received 24 hours a day on our web site. The report shown below indicates the busy hours in the day. The data is taken from all days of all years. Only 33.1% of all mortgages are received before noon, while 66.9% arrive in the afternoon.


Peak Hours Graph for Mortgages in North Bay
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0.7%
6AM 06:00 to 06:59: 4.4%
7AM 07:00 to 07:59: 3.7%
8AM 08:00 to 08:59: 5.9%
9AM 09:00 to 09:59: 5.9%
10AM 10:00 to 10:59: 3.7%
11AM 11:00 to 11:59: 8.8%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.9%
1PM 13:00 to 13:59: 9.6%
2PM 14:00 to 14:59: 11.0%
3PM 15:00 to 15:59: 7.4%
4PM 16:00 to 16:59: 3.7%
5PM 17:00 to 17:59: 6.6%
6PM 18:00 to 18:59: 6.6%
7PM 19:00 to 19:59: 7.4%
8PM 20:00 to 20:59: 3.7%
9PM 21:00 to 21:59: 3.7%
10PM 22:00 to 22:59: 0.7%
11PM 23:00 to 23:59: 0.7%

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 North Bay Ranks in Ontario for Mortgage Business

The following table lists how North Bay 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
40THORNHILL, ON 0.251%
41BELLEVILLE, ON 0.249%
42ORLEANS, ON 0.244%
43STONEY CREEK, ON 0.240%
44WELLAND, ON 0.239%
45NORTH BAY, ON 0.235%
46WOODBRIDGE, ON 0.207%
47ORILLIA, ON 0.204%
48CHATHAM, ON 0.201%
49AURORA, ON 0.178%
50ST THOMAS, ON 0.175%

Types of Mortgage Inquiries Received from North Bay


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 25.0%
Mortgage Pre-approval: 23.5%
New Home Purchase: 14.7%
No Money Down Mortgage (discontinued): 9.6%
Refinance / Debt Consolidation: 8.8%
Mortgage Renewal: 8.1%
Commercial: 6.6%
Other: 3.6%
 
Total Application Types Found: 11

Age Demographics for North Bay Based Mortgages

Average age: 38
Oldest age: 69
Youngest age: 20


Incomes for North Bay Based Mortgages

The following figures show the average income of people living in North Bay who have submitted a mortgage inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in North Bay: $48,790.46
applicants within all of Canada: $60,852.54
Difference: ($12,062.08)
  
mortgage co-applicants in North Bay: $42,615.57
co-applicants within all of Canada: $43,965.51
Difference: ($1,349.94)

Note: Commercial Mortgages were not included for this report, only residential mortgage loans from North Bay, Ontario were used.


Last mortgage report update for North Bay: Friday, July 1, 2016
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