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St Thomas Mortgage Information

Average Mortgage Loan in St Thomas: $143,310

Busy Months for Applications within St Thomas

This graph represents the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from St Thomas seem to occur during our second quarter (represented by the green bars) with 29.70% while our slowest is the fourth quarter (represented by the red bars) with 20.79%.

Busy Months Report for St Thomas Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 11.9%
2 July: 11.9%
3 May: 10.9%
4 April: 9.9%
5 November: 8.9%
6 June: 8.9%
RankMonth Percentage of Applications
7 August: 7.9%
8 December: 6.9%
9 February: 6.9%
10 September: 6.9%
11 October: 5.0%
12 March: 4.0%

Busy Days for Applications within St Thomas

The bar graph below shows the busy days for mortgage applications that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In St Thomas, the day with the most volume, having more than 23.76% of all applications, is Monday. In comparison, Sunday's are the slowest day with only 9.90% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 23.8%
2 Wednesday: 17.8%
3 Friday: 12.9%
4 Tuesday: 11.9%
5 Thursday: 11.9%
6 Saturday: 11.9%
7 Sunday: 9.9%
Busy Days Report for St Thomas Mortgages

Peak Hours for Mortgage Applicants within St Thomas

Applications are received 24 hours a day via the Super Brokers web site. The following indicates the busy hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in St Thomas
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 1.0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 4.0%
6AM 06:00 to 06:59: 4.0%
7AM 07:00 to 07:59: 3.0%
8AM 08:00 to 08:59: 5.9%
9AM 09:00 to 09:59: 1.0%
10AM 10:00 to 10:59: 8.9%
11AM 11:00 to 11:59: 5.9%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.9%
1PM 13:00 to 13:59: 9.9%
2PM 14:00 to 14:59: 4.0%
3PM 15:00 to 15:59: 4.0%
4PM 16:00 to 16:59: 3.0%
5PM 17:00 to 17:59: 7.9%
6PM 18:00 to 18:59: 13.9%
7PM 19:00 to 19:59: 5.0%
8PM 20:00 to 20:59: 4.0%
9PM 21:00 to 21:59: 1.0%
10PM 22:00 to 22:59: 2.0%
11PM 23:00 to 23:59: 2.0%

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 St Thomas Ranks in Ontario for Mortgage Business

The following table lists how St Thomas 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
45NORTH BAY, ON 0.235%
46WOODBRIDGE, ON 0.207%
47ORILLIA, ON 0.204%
48CHATHAM, ON 0.201%
49AURORA, ON 0.178%
50ST THOMAS, ON 0.175%
51ORANGEVILLE, ON 0.164%
52BROCKVILLE, ON 0.163%
53KESWICK, ON 0.152%
54BOWMANVILLE, ON 0.149%
55GEORGETOWN, ON 0.149%

Types of Mortgage Inquiries Received from St Thomas


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 23.8%
Refinance / Debt Consolidation: 16.8%
No Money Down Mortgage (discontinued): 14.9%
First-time Home Buyer: 14.9%
Mortgage Renewal: 10.9%
New Home Purchase: 10.9%
Other: 8%
 
Total Application Types Found: 12

Age Demographics for St Thomas Originated Mortgages

Average age: 38
Oldest age: 71
Youngest age: 21


Incomes for St Thomas Originated Mortgages

The figures below represent the average income of people living in St Thomas who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in St Thomas: $49,843.91
applicants within all of Canada: $60,852.54
Difference: ($11,008.63)
  
mortgage co-applicants in St Thomas: $36,969.39
co-applicants within all of Canada: $43,965.51
Difference: ($6,996.12)

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


Last mortgage report update for St Thomas: 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 London.

Mortgage Product Type Inquiries
First-time Home Buyer21.28%
Mortgage Pre-approval19.77%
New Purchase13.60%
Refinance/Consolidate Debt12.79%
No Money Down discontinued12.44%
Mortgage Renewal11.98%
Other8.15%
 
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