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ToolsOakville Mortgage Information
Average Mortgage Loan in Oakville: $240,602Busy 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%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage 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% |
| Rank | Month | 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% |
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.
| Time | Period (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% |
| Time | Period (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.
| Rank | Location | Contribution |
|---|---|---|
| 8 | SCARBOROUGH, ON | 0.854% |
| 9 | WINDSOR, ON | 0.783% |
| 10 | BARRIE, ON | 0.768% |
| 11 | BURLINGTON, ON | 0.752% |
| 12 | GUELPH, ON | 0.685% |
| 13 | OAKVILLE, ON | 0.647% |
| 14 | CAMBRIDGE, ON | 0.624% |
| 15 | OSHAWA, ON | 0.614% |
| 16 | ST CATHARINES, ON | 0.536% |
| 17 | NORTH YORK, ON | 0.522% |
| 18 | ETOBICOKE, 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 |
Nearest Settlements
- Burlington
- Campbellville
- Carlisle
- Freelton
- Hornby
- Kilbride
- Milton
- Mississauga
- Puslinch
- York
- Compare Interest Rates
- Oakville Broker Contact
Municipal mortgage stats:
Related mortgage information:
| Mortgage Product Type | Inquiries | |
|---|---|---|
| Mortgage Pre-approval | 25.42% | |
| First-time Home Buyer | 18.64% | |
| Refinance/Consolidate Debt | 15.25% | |
| Mortgage Renewal | 10.17% | |
| New Purchase | 10.17% | |
| No Money Down discontinued | 8.47% | |
| Other | 11.85% |
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Tel: Fax: info@superbrokers.ca |