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ToolsRichmond Hill Mortgage Information
Average Mortgage Loan in Richmond Hill: $232,508Busy Months for Mortgages Received within Richmond Hill
The graph below represents the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Richmond Hill happen to occur during our first quarter (represented by the brown bars) with 30.74% while our slowest is the fourth quarter (represented by the red bars) with 18.24%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | May: | 13.2% | |
| 2 | February: | 11.5% | |
| 3 | March: | 10.1% | |
| 4 | October: | 9.8% | |
| 5 | January: | 9.1% | |
| 6 | September: | 9.1% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | June: | 8.4% | |
| 8 | July: | 7.1% | |
| 9 | August: | 6.8% | |
| 10 | April: | 6.4% | |
| 11 | December: | 5.4% | |
| 12 | November: | 3.0% |
Busy Days for Mortgages within Richmond Hill
The graph below displays the busy days for Internet mortgage applications that were received by Super Brokers' web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Richmond Hill the most busy day of the week, with 19.93% of all applications, is Wednesday. In comparison, Sunday's are the slowest day with only 8.11% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Wednesday: | 19.9% |
| 2 | Tuesday: | 19.3% |
| 3 | Monday: | 14.5% |
| 4 | Thursday: | 14.2% |
| 5 | Friday: | 12.8% |
| 6 | Saturday: | 11.2% |
| 7 | Sunday: | 8.1% |
Peak Hours for Mortgage Applicants within Richmond Hill
In Richmond Hill, inquiries are received 24 hours a day via the Super Brokers web site. The information shown below indicates the busy hours in the day. The data is taken from all days of all years.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 0.7% |
| 1AM | 01:00 to 01:59: | 0.3% |
| 2AM | 02:00 to 02:59: | 0.3% |
| 3AM | 03:00 to 03:59: | 0.3% |
| 4AM | 04:00 to 04:59: | 1.0% |
| 5AM | 05:00 to 05:59: | 2.4% |
| 6AM | 06:00 to 06:59: | 4.4% |
| 7AM | 07:00 to 07:59: | 6.1% |
| 8AM | 08:00 to 08:59: | 4.4% |
| 9AM | 09:00 to 09:59: | 8.4% |
| 10AM | 10:00 to 10:59: | 7.8% |
| 11AM | 11:00 to 11:59: | 8.8% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 5.7% |
| 1PM | 13:00 to 13:59: | 6.1% |
| 2PM | 14:00 to 14:59: | 5.4% |
| 3PM | 15:00 to 15:59: | 3.7% |
| 4PM | 16:00 to 16:59: | 4.7% |
| 5PM | 17:00 to 17:59: | 5.1% |
| 6PM | 18:00 to 18:59: | 6.4% |
| 7PM | 19:00 to 19:59: | 5.1% |
| 8PM | 20:00 to 20:59: | 5.1% |
| 9PM | 21:00 to 21:59: | 5.7% |
| 10PM | 22:00 to 22:59: | 1.7% |
| 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 Richmond Hill Ranks in Ontario for Mortgage Business
The following table lists how Richmond Hill 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.
| Rank | Location | Contribution |
|---|---|---|
| 14 | CAMBRIDGE, ON | 0.624% |
| 15 | OSHAWA, ON | 0.614% |
| 16 | ST CATHARINES, ON | 0.536% |
| 17 | NORTH YORK, ON | 0.522% |
| 18 | ETOBICOKE, ON | 0.515% |
| 19 | RICHMOND HILL, ON | 0.512% |
| 20 | BRANTFORD, ON | 0.494% |
| 21 | KINGSTON, ON | 0.482% |
| 22 | MARKHAM, ON | 0.439% |
| 23 | SAULT STE MARIE, ON | 0.429% |
| 24 | SUDBURY, ON | 0.401% |
Types of Mortgage Inquiries Received from Richmond Hill
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| Mortgage Renewal: | 21.6% | |
| Mortgage Pre-approval: | 20.3% | |
| Refinance / Debt Consolidation: | 13.9% | |
| New Home Purchase: | 13.2% | |
| First-time Home Buyer: | 11.1% | |
| No Money Down Mortgage (discontinued): | 5.4% | |
| Commercial: | 4.4% | |
| Other: | 10% | |
| Total Application Types Found: 18 | ||
Age Demographics for Richmond Hill Mortgages
Average age: 40
Oldest age: 80
Youngest age: 21
Incomes for Richmond Hill Mortgages
The following figures show the average income of applicants living in Richmond Hill who have submitted an inquiry using the Super Brokers' mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Richmond Hill: | $74,305.11 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | $13,452.57 |
| mortgage co-applicants in Richmond Hill: | $55,522.60 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | $11,557.08 |
Nearest Settlements
- Aurora
- Bolton
- Concord
- Gormley
- King City
- Maple
- Markham
- Schomberg
- Unionville
- Woodbridge
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Tel: Fax: info@superbrokers.ca |