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Oakville Mortgage Information

Average Mortgage Loan in Oakville: $240,602

Busy Months for Online Mortgages within Oakville

This graph depicts the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Oakville occur during our first quarter (represented by the brown bars) with 34.76% while our slowest is the fourth quarter (represented by the red bars) with 16.84%.

Busy Months Report for Oakville Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 12.8%
2 February: 11.5%
3 January: 10.4%
4 April: 10.4%
5 May: 9.9%
6 September: 8.6%
RankMonth Percentage of Applications
7 November: 7.0%
8 August: 7.0%
9 June: 7.0%
10 October: 6.7%
11 July: 5.6%
12 December: 3.2%

Busy Days for Online Applications within Oakville

The bar graph listed below illustrates the busy days for mortgage applications that were received by the Super Brokers web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Oakville the busiest day of the week, with 19.52% of all submissions, is Thursday. In comparison, Saturday's are the slowest day with only 7.49% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Thursday: 19.5%
2 Wednesday: 19.0%
3 Tuesday: 16.6%
4 Monday: 14.4%
5 Friday: 12.3%
6 Sunday: 10.7%
7 Saturday: 7.5%
Busy Days Report for Oakville Mortgages

Peak Hours for Originated Mortgages within Oakville

In Oakville, mortgages are received 24 hours a day from the Super Brokers' web site. The statistics shown below represents the rush hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Oakville
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.5%
1AM 01:00 to 01:59: 0.3%
2AM 02:00 to 02:59: 0.5%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0.5%
5AM 05:00 to 05:59: 1.3%
6AM 06:00 to 06:59: 1.9%
7AM 07:00 to 07:59: 5.9%
8AM 08:00 to 08:59: 5.9%
9AM 09:00 to 09:59: 8.8%
10AM 10:00 to 10:59: 9.9%
11AM 11:00 to 11:59: 6.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.8%
1PM 13:00 to 13:59: 7.5%
2PM 14:00 to 14:59: 7.2%
3PM 15:00 to 15:59: 7.2%
4PM 16:00 to 16:59: 4.0%
5PM 17:00 to 17:59: 4.5%
6PM 18:00 to 18:59: 5.3%
7PM 19:00 to 19:59: 5.3%
8PM 20:00 to 20:59: 5.1%
9PM 21:00 to 21:59: 2.9%
10PM 22:00 to 22:59: 2.7%
11PM 23:00 to 23:59: 1.1%

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 Oakville Ranks in Ontario for Mortgage Business

The following table lists how Oakville 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
8SCARBOROUGH, ON 0.854%
9WINDSOR, ON 0.783%
10BARRIE, ON 0.768%
11BURLINGTON, ON 0.752%
12GUELPH, ON 0.685%
13OAKVILLE, ON 0.647%
14CAMBRIDGE, ON 0.624%
15OSHAWA, ON 0.614%
16ST CATHARINES, ON 0.536%
17NORTH YORK, ON 0.522%
18ETOBICOKE, ON 0.515%

Types of Mortgage Inquiries Received from Oakville


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 21.1%
Mortgage Pre-approval: 19.0%
Refinance / Debt Consolidation: 14.7%
New Home Purchase: 12.8%
First-time Home Buyer: 12.3%
No Money Down Mortgage (discontinued): 8.6%
Other: 11.5%
 
Total Application Types Found: 18

Age Demographics for Oakville Based Mortgages

Average age: 41
Oldest age: 76
Youngest age: 20


Incomes for Oakville Based Mortgages

The amounts below are the average income of people living in Oakville who have applied for a home loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Oakville: $77,757.11
applicants within all of Canada: $60,852.54
Difference: $16,904.57
  
mortgage co-applicants in Oakville: $49,437.78
co-applicants within all of Canada: $43,965.51
Difference: $5,472.27

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loan amounts from Oakville, Ontario were used.


Last mortgage report update for Oakville: 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 Courtice.

Mortgage Product Type Inquiries
Mortgage Pre-approval25.42%
First-time Home Buyer18.64%
Refinance/Consolidate Debt15.25%
Mortgage Renewal10.17%
New Purchase10.17%
No Money Down discontinued8.47%
Other11.85%
 
Did you know? The average home loan in Stouffville is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
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