Thunder Bay Mortgage Information
Average Mortgage Loan in Thunder Bay: $113,523Busy Months for Mortgages Originating within Thunder Bay
The following bar graph shows the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Thunder Bay seem to occur during our first quarter (represented by the brown bars) with 30.59% while our slowest is the third quarter (represented by the blue bars) with 20.09%.

Rankings for Busy Mortgage Months
Rank | Month | Percentage of Applications | |
---|---|---|---|
1 | January: | 11.4% | |
2 | April: | 11.0% | |
3 | March: | 11.0% | |
4 | November: | 10.1% | |
5 | October: | 8.7% | |
6 | February: | 8.2% |
Rank | Month | Percentage of Applications | |
---|---|---|---|
7 | August: | 8.2% | |
8 | June: | 8.2% | |
9 | May: | 7.8% | |
10 | July: | 6.8% | |
11 | September: | 5.0% | |
12 | December: | 3.6% |
Busy Days for Mortgage Inquiries within Thunder Bay
The data below shows the busy days for online inquiries that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Thunder Bay the most busy day of the week, with 19.18% of all submissions, is Tuesday. In comparison, Sunday's are the slowest day with only 10.05% of all inquiries.
Rank | Day of the Week | Percentage of Applications |
---|---|---|
1 | Tuesday: | 19.2% |
2 | Monday: | 18.7% |
3 | Wednesday: | 16.0% |
4 | Thursday: | 12.8% |
5 | Saturday: | 12.3% |
6 | Friday: | 11.0% |
7 | Sunday: | 10.1% |

Peak Hours for Applicants within Thunder Bay
Mortgage inquiries are received 24 hours a day on our web site. The following indicates the rush hours in the day. The data is taken from all days of all years.

Time | Period (24 Hour) | Percentage of Applications |
---|---|---|
12AM | 00:00 to 00:59: | 0.5% |
1AM | 01:00 to 01:59: | 0% |
2AM | 02:00 to 02:59: | 0% |
3AM | 03:00 to 03:59: | 0% |
4AM | 04:00 to 04:59: | 0.9% |
5AM | 05:00 to 05:59: | 1.8% |
6AM | 06:00 to 06:59: | 1.8% |
7AM | 07:00 to 07:59: | 3.7% |
8AM | 08:00 to 08:59: | 4.6% |
9AM | 09:00 to 09:59: | 7.8% |
10AM | 10:00 to 10:59: | 9.1% |
11AM | 11:00 to 11:59: | 5.0% |
Time | Period (24 Hour) | Percentage of Applications |
---|---|---|
Lunch | 12:00 to 12:59: | 9.6% |
1PM | 13:00 to 13:59: | 6.4% |
2PM | 14:00 to 14:59: | 7.3% |
3PM | 15:00 to 15:59: | 5.0% |
4PM | 16:00 to 16:59: | 5.9% |
5PM | 17:00 to 17:59: | 5.9% |
6PM | 18:00 to 18:59: | 6.8% |
7PM | 19:00 to 19:59: | 7.3% |
8PM | 20:00 to 20:59: | 3.7% |
9PM | 21:00 to 21:59: | 5.0% |
10PM | 22:00 to 22:59: | 0.9% |
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 Thunder Bay Ranks in Ontario for Mortgage Business
The following table lists how Thunder Bay 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.
Rank | Location | Contribution |
---|---|---|
23 | SAULT STE MARIE, ON | 0.429% |
24 | SUDBURY, ON | 0.401% |
25 | PETERBOROUGH, ON | 0.401% |
26 | AJAX, ON | 0.399% |
27 | WATERLOO, ON | 0.398% |
28 | THUNDER BAY, ON | 0.379% |
29 | WHITBY, ON | 0.375% |
30 | NIAGARA FALLS, ON | 0.323% |
31 | PICKERING, ON | 0.313% |
32 | NEWMARKET, ON | 0.309% |
33 | NEPEAN, ON | 0.308% |
Types of Mortgage Inquiries Received from Thunder Bay
Type of Mortgage Application Form Selected | Percentage of Inquiries | |
---|---|---|
First-time Home Buyer: | 19.6% | |
Refinance / Debt Consolidation: | 19.2% | |
Mortgage Pre-approval: | 17.8% | |
New Home Purchase: | 11.9% | |
Mortgage Renewal: | 11.4% | |
No Money Down Mortgage (discontinued): | 11.0% | |
Other: | 9.3% | |
Total Application Types Found: 14 |
Age Demographics for Thunder Bay Mortgage Applicants
Average age: 37
Oldest age: 64
Youngest age: 19
Incomes for Thunder Bay Mortgage Applicants
The numbers below represent the average income of Canadians living in Thunder Bay who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.
Average annual gross income for | |
---|---|
mortgage applicants in Thunder Bay: | $54,119.93 |
applicants within all of Canada: | $60,852.54 |
Difference: | ($6,732.61) |
mortgage co-applicants in Thunder Bay: | $39,076.52 |
co-applicants within all of Canada: | $43,965.51 |
Difference: | ($4,889.00) |