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Peterborough Mortgage Information

Average Mortgage Loan in Peterborough: $157,623

Busy Months for Mortgage Inquiries within Peterborough

The graph below illustrates the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Peterborough occur during our second quarter (represented by the green bars) with 30.64% while our slowest is the fourth quarter (represented by the red bars) with 14.89%.

Busy Months Report for Peterborough Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 12.8%
2 January: 9.8%
3 April: 9.4%
4 July: 9.4%
5 August: 9.4%
6 February: 8.9%
RankMonth Percentage of Applications
7 September: 8.9%
8 June: 8.5%
9 March: 8.1%
10 November: 7.2%
11 October: 4.7%
12 December: 3.0%

Busy Days for Mortgages within Peterborough

The data below displays the busy days for mortgage inquiries 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 Peterborough, the day with the most volume, generating 22.13% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 3.83% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 22.1%
2 Monday: 18.3%
3 Wednesday: 16.6%
4 Thursday: 13.2%
5 Sunday: 13.2%
6 Friday: 12.8%
7 Saturday: 3.8%
Busy Days Report for Peterborough Mortgages

Peak Hours for Applicants within Peterborough

Mortgage applications are received 24 hours a day from the Super Brokers' web site. The graph shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years. Only 38.7% of all mortgages are received during the morning, while 58.7% arrive in the afternoon.


Peak Hours Graph for Mortgages in Peterborough
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.9%
1AM 01:00 to 01:59: 0.9%
2AM 02:00 to 02:59: 0.9%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0.4%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 3.4%
7AM 07:00 to 07:59: 4.7%
8AM 08:00 to 08:59: 6.0%
9AM 09:00 to 09:59: 7.7%
10AM 10:00 to 10:59: 11.5%
11AM 11:00 to 11:59: 5.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.3%
1PM 13:00 to 13:59: 5.1%
2PM 14:00 to 14:59: 4.7%
3PM 15:00 to 15:59: 8.5%
4PM 16:00 to 16:59: 6.4%
5PM 17:00 to 17:59: 5.1%
6PM 18:00 to 18:59: 7.7%
7PM 19:00 to 19:59: 5.5%
8PM 20:00 to 20:59: 5.5%
9PM 21:00 to 21:59: 4.7%
10PM 22:00 to 22:59: 1.3%
11PM 23:00 to 23:59: 0%

Ontario Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.18%
British Columbia: 10.35%
Manitoba: 2.00%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.48%
Nunavut: 0.09%
Ontario: 47.21%
Prince Edward Island: 0.50%
Quebec: 3.93%
Saskatchewan: 5.06%
Yukon: 0.47%

How Peterborough Ranks in Ontario for Mortgage Business

The following table lists how Peterborough 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
19RICHMOND HILL, ON 0.507%
20BRANTFORD, ON 0.490%
21KINGSTON, ON 0.480%
22MARKHAM, ON 0.436%
23SAULT STE MARIE, ON 0.431%
24PETERBOROUGH, ON 0.405%
25AJAX, ON 0.402%
26SUDBURY, ON 0.400%
27WATERLOO, ON 0.395%
28THUNDER BAY, ON 0.374%
29WHITBY, ON 0.373%

Types of Mortgage Inquiries Received from Peterborough


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 17.0%
Mortgage Pre-approval: 16.6%
First-time Home Buyer: 15.3%
No Money Down Mortgage (discontinued): 14.9%
New Home Purchase: 14.9%
Mortgage Renewal: 9.4%
Other: 12%
 
Total Application Types Found: 15

Age Demographics for Peterborough Applicants

Average age: 37
Oldest age: 69
Youngest age: 20


Incomes for Peterborough Applicants

The following figures show the average income of Canadians living in Peterborough who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Peterborough: $51,125.21
applicants within all of Canada: $60,871.80
Difference: ($9,746.59)
  
mortgage co-applicants in Peterborough: $47,828.58
co-applicants within all of Canada: $44,075.54
Difference: $3,753.04

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


Last mortgage report update for Peterborough: Thursday, August 13, 2015
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Guelph.

Mortgage Product Type Inquiries
Mortgage Pre-approval23.37%
First-time Home Buyer20.85%
New Purchase16.58%
Refinance/Consolidate Debt11.31%
No Money Down discontinued10.30%
Mortgage Renewal7.04%
Other10.55%