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Peterborough Mortgage Information

Average Mortgage Loan in Peterborough: $157,124

Busy Months for Applications within Peterborough

This bar graph represents the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Peterborough usually occur during our second quarter (represented by the green bars) with 30.60% while our slowest is the fourth quarter (represented by the red bars) with 15.09%.

Busy Months Report for Peterborough Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 12.5%
2 January: 9.5%
3 April: 9.5%
4 August: 9.5%
5 February: 9.1%
6 July: 9.1%
RankMonth Percentage of Applications
7 September: 9.1%
8 June: 8.6%
9 March: 8.2%
10 November: 7.3%
11 October: 4.7%
12 December: 3.0%

Busy Days for Mortgages Received within Peterborough

The information below displays the busy days for online mortgage applications that were received by the Super Brokers web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Peterborough the busiest day of the week, with 21.98% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 3.88% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 22.0%
2 Monday: 18.5%
3 Wednesday: 16.4%
4 Thursday: 13.4%
5 Friday: 12.9%
6 Sunday: 12.9%
7 Saturday: 3.9%
Busy Days Report for Peterborough Mortgages

Peak Hours for Mortgages within Peterborough

Applications are received 24 hours a day via the Super Brokers web site. The statistics shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years. Only 39.2% of all mortgages are received before noon, while 58.2% 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: 7.8%
10AM 10:00 to 10:59: 11.6%
11AM 11:00 to 11:59: 5.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.3%
1PM 13:00 to 13:59: 5.2%
2PM 14:00 to 14:59: 4.7%
3PM 15:00 to 15:59: 8.2%
4PM 16:00 to 16:59: 6.0%
5PM 17:00 to 17:59: 5.2%
6PM 18:00 to 18:59: 7.8%
7PM 19:00 to 19:59: 5.6%
8PM 20:00 to 20:59: 5.2%
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: 21.07%
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 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
20BRANTFORD, ON 0.494%
21KINGSTON, ON 0.482%
22MARKHAM, ON 0.439%
23SAULT STE MARIE, ON 0.429%
24SUDBURY, ON 0.401%
25PETERBOROUGH, ON 0.401%
26AJAX, ON 0.399%
27WATERLOO, ON 0.398%
28THUNDER BAY, ON 0.379%
29WHITBY, ON 0.375%
30NIAGARA FALLS, ON 0.323%

Types of Mortgage Inquiries Received from Peterborough


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 17.2%
Mortgage Pre-approval: 16.8%
First-time Home Buyer: 15.5%
No Money Down Mortgage (discontinued): 15.1%
New Home Purchase: 14.7%
Mortgage Renewal: 9.5%
Other: 11.1%
 
Total Application Types Found: 15

Age Demographics for Peterborough Mortgage Applicants

Average age: 37
Oldest age: 67
Youngest age: 20


Incomes for Peterborough Mortgage Applicants

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

Average annual gross income for
mortgage applicants in Peterborough: $51,125.21
applicants within all of Canada: $60,852.54
Difference: ($9,727.33)
  
mortgage co-applicants in Peterborough: $47,828.58
co-applicants within all of Canada: $43,965.51
Difference: $3,863.07

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


Last mortgage report update for Peterborough: 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 Kanata.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt20.00%
Mortgage Pre-approval19.33%
Mortgage Renewal19.33%
New Purchase14.00%
First-time Home Buyer9.33%
No Money Down discontinued8.67%
Other9.35%