Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Oshawa Mortgage Information

Average Mortgage Loan in Oshawa: $157,438

Busy Months for Applications within Oshawa

The bar graph below illustrates the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Oshawa usually occur during our first quarter (represented by the brown bars) with 29.58% while our slowest is the fourth quarter (represented by the red bars) with 16.90%.

Busy Months Report for Oshawa Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 13.5%
2 June: 11.3%
3 May: 9.3%
4 September: 9.3%
5 January: 8.2%
6 April: 8.2%
RankMonth Percentage of Applications
7 July: 8.2%
8 February: 7.9%
9 August: 7.3%
10 October: 6.8%
11 November: 5.6%
12 December: 4.5%

Busy Days for Mortgages within Oshawa

The graph listed below illustrates the busy days for Internet applications that were received by the Super Brokers web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Oshawa the busiest day, with approximately 19.72% of all submissions, is Wednesday. In comparison, Saturday's are the slowest day with only 9.86% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 19.7%
2 Monday: 17.5%
3 Thursday: 16.1%
4 Tuesday: 13.5%
5 Friday: 12.1%
6 Sunday: 11.3%
7 Saturday: 9.9%
Busy Days Report for Oshawa Mortgages

Peak Hours for Mortgage Applicants within Oshawa

In Oshawa, mortgages are received 24 hours a day on the Mortgage Super Brokers web site. The report shown below represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 37.2% of all mortgages are received during the morning, while 61.7% arrive in the afternoon.


Peak Hours Graph for Mortgages in Oshawa
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.3%
1AM 01:00 to 01:59: 0.3%
2AM 02:00 to 02:59: 0.6%
3AM 03:00 to 03:59: 0.3%
4AM 04:00 to 04:59: 0.6%
5AM 05:00 to 05:59: 0.6%
6AM 06:00 to 06:59: 2.0%
7AM 07:00 to 07:59: 3.1%
8AM 08:00 to 08:59: 6.8%
9AM 09:00 to 09:59: 8.5%
10AM 10:00 to 10:59: 8.5%
11AM 11:00 to 11:59: 7.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.5%
1PM 13:00 to 13:59: 7.6%
2PM 14:00 to 14:59: 5.9%
3PM 15:00 to 15:59: 3.7%
4PM 16:00 to 16:59: 5.9%
5PM 17:00 to 17:59: 6.5%
6PM 18:00 to 18:59: 6.2%
7PM 19:00 to 19:59: 4.2%
8PM 20:00 to 20:59: 6.8%
9PM 21:00 to 21:59: 3.1%
10PM 22:00 to 22:59: 3.1%
11PM 23:00 to 23:59: 0.3%

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 Oshawa Ranks in Ontario for Mortgage Business

The following table lists how Oshawa 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
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%
19RICHMOND HILL, ON 0.512%
20BRANTFORD, ON 0.494%

Types of Mortgage Inquiries Received from Oshawa


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.3%
Refinance / Debt Consolidation: 18.9%
First-time Home Buyer: 16.9%
Mortgage Renewal: 12.7%
New Home Purchase: 12.1%
No Money Down Mortgage (discontinued): 9.0%
Other: 8.2%
 
Total Application Types Found: 16

Age Demographics for Oshawa Originated Mortgages

Average age: 38
Oldest age: 78
Youngest age: 19


Incomes for Oshawa Originated Mortgages

The information below represents the average income of Canadians living in Oshawa who have applied for a loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Oshawa: $55,235.92
applicants within all of Canada: $60,852.54
Difference: ($5,616.62)
  
mortgage co-applicants in Oshawa: $43,808.97
co-applicants within all of Canada: $43,965.51
Difference: ($156.54)

Note: Commercial Mortgages were not included for this survey, only residential mortgage loans from Oshawa, Ontario were used.


Last mortgage report update for Oshawa: Friday, July 1, 2016
Mortgage Calculator
 
The Greatest Mortgage Calculator
Rejoice! For the greatest mortgage calculator is finally here! Experiment with different mortgage rates, terms, amortizations and payment schedules or compare two different mortgages with automatically generated charts and graphs.
Greatest Mortgage Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Tillsonburg.

Mortgage Product Type Inquiries
No Money Down discontinued19.35%
Refinance/Consolidate Debt19.35%
Mortgage Pre-approval17.74%
First-time Home Buyer14.52%
New Purchase12.90%
Mortgage Renewal6.45%
Commercial Financing4.84%
Other4.83%