Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Waterloo Mortgage Information

Average Mortgage Loan in Waterloo: $218,152

Busy Months for Mortgages Received within Waterloo

This bar graph depicts the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Waterloo seem to occur during our second quarter (represented by the green bars) with 26.96% while our slowest is the fourth quarter (represented by the red bars) with 20.87%.

Busy Months Report for Waterloo Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 10.9%
2 February: 10.9%
3 May: 10.0%
4 August: 9.1%
5 October: 9.1%
6 July: 8.3%
RankMonth Percentage of Applications
7 September: 8.3%
8 January: 7.8%
9 March: 7.8%
10 December: 6.5%
11 June: 6.1%
12 November: 5.2%

Busy Days for Mortgages within Waterloo

The information below illustrates the busy days for Internet mortgage applications that were received by the Super Brokers web site. A combined total of all occurrences of each day are represented for the past 5 years. In Waterloo the busiest day, with 20.43% of all inquiries, is Monday. In comparison, Friday's are the slowest day with only 8.70% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 20.4%
2 Tuesday: 18.7%
3 Wednesday: 18.7%
4 Saturday: 11.7%
5 Thursday: 11.3%
6 Sunday: 10.4%
7 Friday: 8.7%
Busy Days Report for Waterloo Mortgages

Peak Hours for Mortgage Applicants within Waterloo

In Waterloo, mortgage applications are received 24 hours a day on the Super Brokers web site. The information shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Waterloo
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: 0.4%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0.4%
6AM 06:00 to 06:59: 2.2%
7AM 07:00 to 07:59: 2.6%
8AM 08:00 to 08:59: 7.4%
9AM 09:00 to 09:59: 7.4%
10AM 10:00 to 10:59: 5.7%
11AM 11:00 to 11:59: 5.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.2%
1PM 13:00 to 13:59: 8.7%
2PM 14:00 to 14:59: 6.5%
3PM 15:00 to 15:59: 3.9%
4PM 16:00 to 16:59: 5.7%
5PM 17:00 to 17:59: 8.3%
6PM 18:00 to 18:59: 7.0%
7PM 19:00 to 19:59: 7.4%
8PM 20:00 to 20:59: 6.1%
9PM 21:00 to 21:59: 4.3%
10PM 22:00 to 22:59: 3.0%
11PM 23:00 to 23:59: 2.2%

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 Waterloo Ranks in Ontario for Mortgage Business

The following table lists how Waterloo 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
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%
30NIAGARA FALLS, ON 0.323%
31PICKERING, ON 0.313%
32NEWMARKET, ON 0.309%

Types of Mortgage Inquiries Received from Waterloo


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.2%
First-time Home Buyer: 22.2%
New Home Purchase: 17.4%
Mortgage Renewal: 10.4%
No Money Down Mortgage (discontinued): 10.0%
Refinance / Debt Consolidation: 10.0%
Other: 7.6%
 
Total Application Types Found: 13

Age Demographics for Waterloo Mortgage Applicants

Average age: 37
Oldest age: 70
Youngest age: 20


Incomes for Waterloo Mortgage Applicants

The information below represents the average income of Canadians living in Waterloo who have submitted a mortgage inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Waterloo: $61,317.02
applicants within all of Canada: $60,852.54
Difference: $464.48
  
mortgage co-applicants in Waterloo: $41,562.23
co-applicants within all of Canada: $43,965.51
Difference: ($2,403.28)

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


Last mortgage report update for Waterloo: Friday, July 1, 2016
Mortgage Calculator
 
Mortgage Rates
Don't just settle for the substandard rate your bank offers you, use a broker and get a fantastic mortgage rate.
Mortgage Rates
 
Mortgage Brokers
Your bank simply isn't in the business of finding you a low mortgage rate. We can beat the banks' rates because we're not beholden to any one lender. We're free agents. We play the field, and if another lender offers us a better mortgage rate, our brokers will take it in a heartbeat and save you money in the process. Our independence lets us be confident that we can provide you with the best mortgage rates in Canada.
Mortgage Brokers Beat Bank Rates