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Sudbury Mortgage Information

Average Mortgage Loan in Sudbury: $164,498

Busy Months for Online Mortgages within Sudbury

The graph below depicts the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Sudbury mostly 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 Mortgages Originating within Sudbury

The data below compares the busy days for online inquiries that were received by Super Brokers. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Sudbury, the day with the most volume, generating 21.98% of all inquiries, 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 Based Mortgages within Sudbury

Mortgage inquiries are received 24 hours a day via the Mortgage Super Brokers web site. The following represents the rush hours over a 24-hour period. The data is taken from all days of all years. Only 42.2% of all mortgages are received before noon, 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: 21.18%
British Columbia: 10.35%
Manitoba: 2.00%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.48%
Nunavut: 0.09%
Ontario: 47.21%
Prince Edward Island: 0.50%
Quebec: 3.93%
Saskatchewan: 5.06%
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 0.480%
22MARKHAM, ON 0.436%
23SAULT STE MARIE, ON 0.431%
24PETERBOROUGH, ON 0.405%
25AJAX, ON 0.402%
26SUDBURY, ON 0.400%
27WATERLOO, ON 0.395%
28THUNDER BAY, ON 0.374%
29WHITBY, ON 0.373%
30NIAGARA FALLS, ON 0.323%
31PICKERING, ON 0.316%

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 Mortgage Applicants

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


Incomes for Sudbury Mortgage Applicants

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

Average annual gross income for
mortgage applicants in Sudbury: $63,803.06
applicants within all of Canada: $60,871.80
Difference: $2,931.26
  
mortgage co-applicants in Sudbury: $39,126.51
co-applicants within all of Canada: $44,075.54
Difference: ($4,949.03)

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


Last mortgage report update for Sudbury: Thursday, August 13, 2015
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