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Ottawa Mortgage Information

Average Mortgage Loan in Ottawa: $215,186

Busy Months for Mortgage Inquiries within Ottawa

The bar graph below illustrates the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Ottawa occur during our first quarter (represented by the brown bars) with 30.55% while our slowest is the fourth quarter (represented by the red bars) with 16.38%.

Busy Months Report for Ottawa Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 11.4%
2 March: 11.1%
3 July: 9.8%
4 February: 9.8%
5 January: 9.7%
6 May: 9.1%
RankMonth Percentage of Applications
7 June: 8.3%
8 August: 8.0%
9 September: 6.5%
10 October: 6.2%
11 November: 5.2%
12 December: 5.0%

Busy Days for Mortgage Applications within Ottawa

The bar graph listed below illustrates the busy days for Internet applications that were received by Super Brokers. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Ottawa, the day with the most volume, having more than 20.64% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 8.85% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 20.6%
2 Tuesday: 17.1%
3 Wednesday: 14.8%
4 Thursday: 14.8%
5 Friday: 12.6%
6 Sunday: 11.1%
7 Saturday: 8.8%
Busy Days Report for Ottawa Mortgages

Peak Hours for Mortgages within Ottawa

Mortgage inquiries are received 24 hours a day on our web site. The information shown below indicates the peak hours in the day. The data is taken from all days of all years. Only 39.0% of all mortgages are received before noon, while 60.0% arrive in the afternoon.


Peak Hours Graph for Mortgages in Ottawa
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: 0.2%
3AM 03:00 to 03:59: 0.2%
4AM 04:00 to 04:59: 0.7%
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: 6.4%
11AM 11:00 to 11:59: 7.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.3%
1PM 13:00 to 13:59: 5.8%
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: 5.7%
6PM 18:00 to 18:59: 4.8%
7PM 19:00 to 19:59: 5.2%
8PM 20:00 to 20:59: 6.1%
9PM 21:00 to 21:59: 4.3%
10PM 22:00 to 22:59: 1.7%
11PM 23:00 to 23:59: 1.0%

Ontario Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.16%
British Columbia: 10.37%
Manitoba: 1.99%
New Brunswick: 2.51%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.28%
Prince Edward Island: 0.50%
Quebec: 3.94%
Saskatchewan: 5.05%
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 4.346%
2MISSISSAUGA, ON 2.352%
3OTTAWA, ON 2.116%
4LONDON, ON 1.487%
5BRAMPTON, ON 1.468%
6HAMILTON, ON 1.452%
7KITCHENER, ON 1.033%
8SCARBOROUGH, ON 0.856%

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: 23.0%
Mortgage Renewal: 13.5%
No Money Down Mortgage (discontinued): 11.1%
New Home Purchase: 10.8%
Refinance / Debt Consolidation: 9.1%
Other: 9.1%
 
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 figures below represent the average income of people living in Ottawa 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 Ottawa: $65,371.85
applicants within all of Canada: $60,841.69
Difference: $4,530.16
  
mortgage co-applicants in Ottawa: $48,851.76
co-applicants within all of Canada: $44,024.91
Difference: $4,826.85

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


Last mortgage report update for Ottawa: Wednesday, May 20, 2015
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