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Orillia Mortgage Information

Average Mortgage Loan in Orillia: $159,193

Busy Months for Mortgages Received within Orillia

The graph below illustrates the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Orillia mostly occur during our first quarter (represented by the brown bars) with 29.66% while our slowest is the fourth quarter (represented by the red bars) with 20.34%.

Busy Months Report for Orillia Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 11.9%
2 July: 11.0%
3 April: 10.2%
4 March: 10.2%
5 August: 9.3%
6 November: 8.5%
RankMonth Percentage of Applications
7 September: 8.5%
8 February: 7.6%
9 October: 7.6%
10 May: 5.9%
11 June: 5.1%
12 December: 4.2%

Busy Days for Mortgage Applications within Orillia

The information below displays the busy days for online applications that were received by Super Brokers' web site. Each day is a representation of the combined 6-year total of all instances of that day. In Orillia the most busy day of the week, with 19.49% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 7.63% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 19.5%
2 Wednesday: 19.5%
3 Monday: 17.8%
4 Friday: 14.4%
5 Sunday: 11.0%
6 Thursday: 10.2%
7 Saturday: 7.6%
Busy Days Report for Orillia Mortgages

Peak Hours for Applicants within Orillia

Mortgage applications are received 24 hours a day from our web site. The following represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 34.7% of all mortgages are received during the morning, while 64.4% arrive in the afternoon.


Peak Hours Graph for Mortgages in Orillia
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.8%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0.8%
4AM 04:00 to 04:59: 1.7%
5AM 05:00 to 05:59: 1.7%
6AM 06:00 to 06:59: 2.5%
7AM 07:00 to 07:59: 3.4%
8AM 08:00 to 08:59: 9.3%
9AM 09:00 to 09:59: 4.2%
10AM 10:00 to 10:59: 5.9%
11AM 11:00 to 11:59: 5.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.6%
1PM 13:00 to 13:59: 6.8%
2PM 14:00 to 14:59: 6.8%
3PM 15:00 to 15:59: 8.5%
4PM 16:00 to 16:59: 5.1%
5PM 17:00 to 17:59: 2.5%
6PM 18:00 to 18:59: 10.2%
7PM 19:00 to 19:59: 10.2%
8PM 20:00 to 20:59: 0.8%
9PM 21:00 to 21:59: 2.5%
10PM 22:00 to 22:59: 2.5%
11PM 23:00 to 23:59: 0.8%

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 Orillia Ranks in Ontario for Mortgage Business

The following table lists how Orillia 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
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%
51ORANGEVILLE, ON 0.164%
52BROCKVILLE, ON 0.163%

Types of Mortgage Inquiries Received from Orillia


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 22.0%
Mortgage Pre-approval: 21.2%
No Money Down Mortgage (discontinued): 15.3%
New Home Purchase: 14.4%
Refinance / Debt Consolidation: 13.6%
Mortgage Renewal: 7.6%
Other: 5.7%
 
Total Application Types Found: 12

Age Demographics for Orillia Applicants

Average age: 37
Oldest age: 66
Youngest age: 19


Incomes for Orillia Applicants

The following figures show the average income of applicants living in Orillia who have applied for a home loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Orillia: $42,268.81
applicants within all of Canada: $60,852.54
Difference: ($18,583.74)
  
mortgage co-applicants in Orillia: $34,184.87
co-applicants within all of Canada: $43,965.51
Difference: ($9,780.64)

Note: Commercial Mortgage loans were not included for this section, only residential mortgage loans were used.


Last mortgage report update for Orillia: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Orangeville.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt27.37%
Mortgage Pre-approval16.84%
First-time Home Buyer15.79%
Mortgage Renewal15.79%
No Money Down discontinued8.42%
New Purchase7.37%
Commercial Financing4.21%
Other4.2%
 
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