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Thornhill Mortgage Information

Average Mortgage Loan in Thornhill: $272,113

Busy Months for Mortgages Received within Thornhill

The graph below shows the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Thornhill seem to occur during our second quarter (represented by the green bars) with 34.48% while our slowest is the fourth quarter (represented by the red bars) with 14.48%.

Busy Months Report for Thornhill Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 13.8%
2 April: 12.4%
3 February: 11.7%
4 July: 9.0%
5 January: 8.3%
6 June: 8.3%
RankMonth Percentage of Applications
7 March: 7.6%
8 August: 7.6%
9 December: 6.9%
10 September: 6.9%
11 October: 6.2%
12 November: 1.4%

Busy Days for Applications within Thornhill

The information below compares the busy days for mortgage inquiries that were received by Super Brokers' web site. A combined total of all occurrences of each day are represented for the past 5 years. In Thornhill the busiest day, with approximately 21.38% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 8.97% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 21.4%
2 Tuesday: 18.6%
3 Friday: 15.9%
4 Wednesday: 15.9%
5 Thursday: 9.7%
6 Sunday: 9.7%
7 Saturday: 9.0%
Busy Days Report for Thornhill Mortgages

Peak Hours for Mortgages within Thornhill

Applications are received 24 hours a day from the Super Brokers web site. The report shown below indicates the rush hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Thornhill
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0.7%
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: 1.4%
6AM 06:00 to 06:59: 0.7%
7AM 07:00 to 07:59: 4.8%
8AM 08:00 to 08:59: 5.5%
9AM 09:00 to 09:59: 8.3%
10AM 10:00 to 10:59: 7.6%
11AM 11:00 to 11:59: 11.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.3%
1PM 13:00 to 13:59: 11.0%
2PM 14:00 to 14:59: 4.8%
3PM 15:00 to 15:59: 2.8%
4PM 16:00 to 16:59: 4.1%
5PM 17:00 to 17:59: 9.0%
6PM 18:00 to 18:59: 3.4%
7PM 19:00 to 19:59: 5.5%
8PM 20:00 to 20:59: 5.5%
9PM 21:00 to 21:59: 4.8%
10PM 22:00 to 22:59: 0.7%
11PM 23:00 to 23:59: 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 Thornhill Ranks in Ontario for Mortgage Business

The following table lists how Thornhill 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
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%
45NORTH BAY, ON 0.235%

Types of Mortgage Inquiries Received from Thornhill


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 20.7%
New Home Purchase: 19.3%
Mortgage Pre-approval: 17.2%
First-time Home Buyer: 15.2%
Refinance / Debt Consolidation: 9.7%
No Money Down Mortgage (discontinued): 4.1%
Commercial: 4.1%
Other: 9.7%
 
Total Application Types Found: 13

Age Demographics for Thornhill Mortgage Applicants

Average age: 42
Oldest age: 76
Youngest age: 20


Incomes for Thornhill Mortgage Applicants

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

Average annual gross income for
mortgage applicants in Thornhill: $83,168.84
applicants within all of Canada: $60,852.54
Difference: $22,316.30
  
mortgage co-applicants in Thornhill: $48,009.71
co-applicants within all of Canada: $43,965.51
Difference: $4,044.20

Note: Commercial Mortgages were not included for this report, only residential mortgages were used.


Last mortgage report update for Thornhill: Friday, July 1, 2016
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