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Sudbury Mortgage Information

Average Mortgage Loan in Sudbury: $164,498

Busy Months for Mortgages Originating within Sudbury

The graph below represents the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Sudbury usually occur during our second quarter (represented by the green bars) with 31.90% while our slowest is the fourth quarter (represented by the red bars) with 16.81%.

Busy Months Report for Sudbury Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 15.1%
2 January: 10.3%
3 March: 10.3%
4 April: 9.5%
5 July: 9.1%
6 August: 8.6%
RankMonth Percentage of Applications
7 February: 7.3%
8 June: 7.3%
9 November: 6.9%
10 October: 6.0%
11 September: 5.6%
12 December: 3.9%

Busy Days for Mortgage Inquiries within Sudbury

The information listed below compares the busy days for mortgage inquiries that were received by Super Brokers. Each day represents a combined total of all occurrences of that day in the past 5 years. In Sudbury, the day with the most volume, generating 21.98% of all submissions, is Monday. In comparison, Friday's are the slowest day with only 10.78% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 22.0%
2 Wednesday: 17.2%
3 Tuesday: 15.5%
4 Saturday: 12.1%
5 Sunday: 11.2%
6 Thursday: 11.2%
7 Friday: 10.8%
Busy Days Report for Sudbury Mortgages

Peak Hours for Mortgage Applicants within Sudbury

Mortgage applications are received 24 hours a day via the Mortgage Super Brokers web site. The information shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years. Only 42.2% of all mortgages are received during the morning, while 56.5% arrive in the afternoon.


Peak Hours Graph for Mortgages in Sudbury
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.4%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0.9%
3AM 03:00 to 03:59: 1.7%
4AM 04:00 to 04:59: 1.3%
5AM 05:00 to 05:59: 0.9%
6AM 06:00 to 06:59: 3.0%
7AM 07:00 to 07:59: 7.8%
8AM 08:00 to 08:59: 9.9%
9AM 09:00 to 09:59: 6.0%
10AM 10:00 to 10:59: 4.3%
11AM 11:00 to 11:59: 7.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.0%
1PM 13:00 to 13:59: 5.2%
2PM 14:00 to 14:59: 6.0%
3PM 15:00 to 15:59: 6.0%
4PM 16:00 to 16:59: 3.9%
5PM 17:00 to 17:59: 5.6%
6PM 18:00 to 18:59: 6.0%
7PM 19:00 to 19:59: 6.9%
8PM 20:00 to 20:59: 4.3%
9PM 21:00 to 21:59: 4.3%
10PM 22:00 to 22:59: 1.3%
11PM 23:00 to 23:59: 0.9%

Ontario Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.16%
British Columbia: 10.37%
Manitoba: 1.99%
New Brunswick: 2.51%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.28%
Prince Edward Island: 0.50%
Quebec: 3.94%
Saskatchewan: 5.05%
Yukon: 0.47%

How Sudbury Ranks in Ontario for Mortgage Business

The following table lists how Sudbury 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
21KINGSTON, ON 0.482%
22MARKHAM, ON 0.438%
23SAULT STE MARIE, ON 0.433%
24PETERBOROUGH, ON 0.406%
25AJAX, ON 0.404%
26SUDBURY, ON 0.402%
27WATERLOO, ON 0.397%
28THUNDER BAY, ON 0.374%
29WHITBY, ON 0.374%
30NIAGARA FALLS, ON 0.322%
31PICKERING, ON 0.315%

Types of Mortgage Inquiries Received from Sudbury


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 21.6%
First-time Home Buyer: 21.1%
Mortgage Pre-approval: 19.0%
No Money Down Mortgage (discontinued): 12.1%
Refinance / Debt Consolidation: 11.6%
Mortgage Renewal: 6.9%
Other: 7.8%
 
Total Application Types Found: 15

Age Demographics for Sudbury Based Mortgages

Average age: 37
Oldest age: 72
Youngest age: 20


Incomes for Sudbury Based Mortgages

The amounts shown below represent the average income of applicants living in Sudbury who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Sudbury: $63,803.06
applicants within all of Canada: $60,841.69
Difference: $2,961.37
  
mortgage co-applicants in Sudbury: $39,126.51
co-applicants within all of Canada: $44,024.91
Difference: ($4,898.40)

Note: Commercial Mortgage loans were not included for this report, only residential mortgages from Sudbury, Ontario were used.


Last mortgage report update for Sudbury: Wednesday, May 20, 2015
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