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Sarnia Mortgage Information

Average Mortgage Loan in Sarnia: $127,218

Busy Months for Online Mortgages within Sarnia

The 6-year bar graph below illustrates the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Sarnia usually occur during our second quarter (represented by the green bars) with 32.88% while our slowest is the third quarter (represented by the blue bars) with 17.12%.

Busy Months Report for Sarnia Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 14.4%
2 March: 13.7%
3 June: 9.6%
4 November: 8.9%
5 January: 8.9%
6 May: 8.9%
RankMonth Percentage of Applications
7 October: 8.9%
8 July: 6.2%
9 August: 5.5%
10 September: 5.5%
11 December: 4.8%
12 February: 4.8%

Busy Days for Mortgages Received within Sarnia

The information listed below displays the busy days for mortgage applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Sarnia the most busy day of the week, with 20.55% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 9.59% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 20.6%
2 Wednesday: 19.2%
3 Tuesday: 14.4%
4 Thursday: 13.7%
5 Sunday: 13.0%
6 Friday: 9.6%
7 Saturday: 9.6%
Busy Days Report for Sarnia Mortgages

Peak Hours for Mortgage Applicants within Sarnia

In Sarnia, mortgages are received 24 hours a day on the Mortgage Super Brokers web site. The statistics shown below represents the peak hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Sarnia
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.7%
1AM 01:00 to 01:59: 0.7%
2AM 02:00 to 02:59: 1.4%
3AM 03:00 to 03:59: 1.4%
4AM 04:00 to 04:59: 0.7%
5AM 05:00 to 05:59: 1.4%
6AM 06:00 to 06:59: 2.7%
7AM 07:00 to 07:59: 4.1%
8AM 08:00 to 08:59: 4.8%
9AM 09:00 to 09:59: 4.1%
10AM 10:00 to 10:59: 6.8%
11AM 11:00 to 11:59: 8.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.2%
1PM 13:00 to 13:59: 6.8%
2PM 14:00 to 14:59: 7.5%
3PM 15:00 to 15:59: 5.5%
4PM 16:00 to 16:59: 2.7%
5PM 17:00 to 17:59: 6.8%
6PM 18:00 to 18:59: 7.5%
7PM 19:00 to 19:59: 2.7%
8PM 20:00 to 20:59: 1.4%
9PM 21:00 to 21:59: 6.2%
10PM 22:00 to 22:59: 4.1%
11PM 23:00 to 23:59: 1.4%

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 Sarnia Ranks in Ontario for Mortgage Business

The following table lists how Sarnia 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
34CORNWALL, ON 0.280%
35TIMMINS, ON 0.268%
36MILTON, ON 0.259%
37KANATA, ON 0.259%
38WOODSTOCK, ON 0.254%
39SARNIA, ON 0.252%
40THORNHILL, ON 0.251%
41BELLEVILLE, ON 0.249%
42ORLEANS, ON 0.244%
43STONEY CREEK, ON 0.240%
44WELLAND, ON 0.239%

Types of Mortgage Inquiries Received from Sarnia


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 19.9%
Mortgage Pre-approval: 18.5%
No Money Down Mortgage (discontinued): 16.4%
Refinance / Debt Consolidation: 13.7%
New Home Purchase: 11.6%
Mortgage Renewal: 8.9%
Other: 11.2%
 
Total Application Types Found: 13

Age Demographics for Sarnia Based Mortgages

Average age: 39
Oldest age: 72
Youngest age: 20


Incomes for Sarnia Based Mortgages

The following depicts the average income of people living in Sarnia who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Sarnia: $49,856.92
applicants within all of Canada: $60,852.54
Difference: ($10,995.62)
  
mortgage co-applicants in Sarnia: $34,170.30
co-applicants within all of Canada: $43,965.51
Difference: ($9,795.21)

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


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

Mortgage Product Type Inquiries
Refinance/Consolidate Debt21.74%
Mortgage Pre-approval15.22%
First-time Home Buyer15.22%
No Money Down discontinued14.49%
Mortgage Renewal14.49%
New Purchase11.59%
Other7.24%
 
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