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Ottawa Mortgage Information

Average Mortgage Loan in Ottawa: $214,976

Busy Months for Mortgage Inquiries within Ottawa

The following bar graph displays the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Ottawa happen to occur during our first quarter (represented by the brown bars) with 30.43% while our slowest is the fourth quarter (represented by the red bars) with 16.27%.

Busy Months Report for Ottawa Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 11.4%
2 March: 11.1%
3 February: 9.8%
4 July: 9.8%
5 January: 9.6%
6 May: 9.4%
RankMonth Percentage of Applications
7 June: 8.3%
8 August: 8.0%
9 September: 6.4%
10 October: 6.2%
11 November: 5.1%
12 December: 5.0%

Busy Days for Mortgages Originating within Ottawa

The bar graph below plots the busy days for Internet applications that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Ottawa the busiest day of the week, with 20.75% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 8.79% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 20.8%
2 Tuesday: 17.2%
3 Thursday: 14.9%
4 Wednesday: 14.8%
5 Friday: 12.6%
6 Sunday: 11.0%
7 Saturday: 8.8%
Busy Days Report for Ottawa Mortgages

Peak Hours for Mortgages within Ottawa

In Ottawa, mortgage applications are received 24 hours a day via the Mortgage Super Brokers web site. The following indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 39.1% of all mortgages are received during the morning, while 59.8% arrive in the afternoon.


Peak Hours Graph for Mortgages in Ottawa
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.6%
1AM 01:00 to 01:59: 0.3%
2AM 02:00 to 02:59: 0.2%
3AM 03:00 to 03:59: 0.2%
4AM 04:00 to 04:59: 0.8%
5AM 05:00 to 05:59: 1.1%
6AM 06:00 to 06:59: 3.1%
7AM 07:00 to 07:59: 6.5%
8AM 08:00 to 08:59: 6.7%
9AM 09:00 to 09:59: 6.8%
10AM 10:00 to 10:59: 6.3%
11AM 11:00 to 11:59: 7.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.2%
1PM 13:00 to 13:59: 5.7%
2PM 14:00 to 14:59: 6.3%
3PM 15:00 to 15:59: 5.3%
4PM 16:00 to 16:59: 5.5%
5PM 17:00 to 17:59: 5.6%
6PM 18:00 to 18:59: 4.8%
7PM 19:00 to 19:59: 5.5%
8PM 20:00 to 20:59: 6.0%
9PM 21:00 to 21:59: 4.1%
10PM 22:00 to 22:59: 1.7%
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 Ottawa Ranks in Ontario for Mortgage Business

The following table lists how Ottawa 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
1TORONTO, ON 4.353%
2MISSISSAUGA, ON 2.356%
3OTTAWA, ON 2.125%
4LONDON, ON 1.487%
5BRAMPTON, ON 1.476%
6HAMILTON, ON 1.454%
7KITCHENER, ON 1.029%
8SCARBOROUGH, ON 0.854%

Types of Mortgage Inquiries Received from Ottawa


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 23.2%
First-time Home Buyer: 23.1%
Mortgage Renewal: 13.5%
No Money Down Mortgage (discontinued): 11.1%
New Home Purchase: 10.7%
Refinance / Debt Consolidation: 9.1%
Other: 9.2%
 
Total Application Types Found: 16

Age Demographics for Ottawa Mortgage Applicants

Average age: 37
Oldest age: 77
Youngest age: 19


Incomes for Ottawa Mortgage Applicants

The amounts below are the average income of people living in Ottawa who have applied for a mortgage loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Ottawa: $65,455.66
applicants within all of Canada: $60,852.54
Difference: $4,603.11
  
mortgage co-applicants in Ottawa: $48,841.93
co-applicants within all of Canada: $43,965.51
Difference: $4,876.42

Note: Commercial loan amounts were not included for this report, only residential loans were used.


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

Mortgage Product Type Inquiries
Refinance/Consolidate Debt17.24%
Mortgage Pre-approval16.81%
First-time Home Buyer15.52%
No Money Down discontinued15.09%
New Purchase14.66%
Mortgage Renewal9.48%
Other11.2%