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Sudbury Mortgage Information

Average Mortgage Loan in Sudbury: $164,291

Busy Months for Mortgage Inquiries within Sudbury

The following bar graph shows the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Sudbury occur during our second quarter (represented by the green bars) with 32.33% 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 March: 10.3%
3 January: 9.9%
4 April: 9.5%
5 July: 9.1%
6 August: 8.6%
RankMonth Percentage of Applications
7 June: 7.8%
8 February: 7.3%
9 November: 6.9%
10 October: 6.0%
11 September: 5.6%
12 December: 3.9%

Busy Days for Mortgages within Sudbury

The graph below compares the busy days for online 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 Sudbury, the day with the most volume, having more than 21.55% 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: 21.6%
2 Wednesday: 17.2%
3 Tuesday: 15.9%
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

In Sudbury, applications are received 24 hours a day via the Mortgage Super Brokers web site. The statistics shown below represents the rush hours within 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: 7.3%
8AM 08:00 to 08:59: 9.9%
9AM 09:00 to 09:59: 6.0%
10AM 10:00 to 10:59: 4.7%
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: 21.07%
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 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
19RICHMOND HILL, ON 0.512%
20BRANTFORD, ON 0.494%
21KINGSTON, ON 0.482%
22MARKHAM, ON 0.439%
23SAULT STE MARIE, ON 0.429%
24SUDBURY, ON 0.401%
25PETERBOROUGH, ON 0.401%
26AJAX, ON 0.399%
27WATERLOO, ON 0.398%
28THUNDER BAY, ON 0.379%
29WHITBY, ON 0.375%

Types of Mortgage Inquiries Received from Sudbury


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 22.0%
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: 6.5%
Other: 7.8%
 
Total Application Types Found: 15

Age Demographics for Sudbury Mortgages

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


Incomes for Sudbury Mortgages

The following figures show the average income of Canadians living in Sudbury who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Sudbury: $63,551.92
applicants within all of Canada: $60,852.54
Difference: $2,699.38
  
mortgage co-applicants in Sudbury: $38,850.93
co-applicants within all of Canada: $43,965.51
Difference: ($5,114.58)

Note: Commercial loans were not included for this report, only residential mortgage loan amounts from Sudbury, Ontario were used.


Last mortgage report update for Sudbury: 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 Lasalle.

Mortgage Product Type Inquiries
Mortgage Renewal24.00%
Refinance/Consolidate Debt20.00%
Mortgage Pre-approval18.00%
First-time Home Buyer18.00%
New Purchase8.00%
Other12%
 
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