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Welland Mortgage Information

Average Mortgage Loan in Welland: $114,023

Busy Months for Mortgages Received within Welland

The 6-year bar graph below depicts the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Welland happen to occur during our first quarter (represented by the brown bars) with 28.99% while our slowest is the third quarter (represented by the blue bars) with 20.29%.

Busy Months Report for Welland Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 15.2%
2 August: 10.1%
3 October: 10.1%
4 June: 10.1%
5 April: 9.4%
6 February: 8.7%
RankMonth Percentage of Applications
7 November: 8.0%
8 July: 8.0%
9 May: 6.5%
10 December: 6.5%
11 March: 5.1%
12 September: 2.2%

Busy Days for Online Applications within Welland

The information listed below illustrates the busy days for online inquiries that were received by Super Brokers' web site. Each day is a representation of the combined 6-year total of all instances of that day. In Welland, the day with the most volume, generating 23.91% of all submissions, is Monday. In comparison, Sunday's are the slowest day with only 10.14% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 23.9%
2 Thursday: 15.9%
3 Tuesday: 13.8%
4 Wednesday: 13.8%
5 Saturday: 11.6%
6 Friday: 10.9%
7 Sunday: 10.1%
Busy Days Report for Welland Mortgages

Peak Hours for Mortgage Applicants within Welland

Inquiries are received 24 hours a day via our 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. Only 29.0% of all mortgages are received before noon, while 70.3% arrive in the afternoon.


Peak Hours Graph for Mortgages in Welland
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.7%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0.7%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 3.6%
6AM 06:00 to 06:59: 2.2%
7AM 07:00 to 07:59: 5.8%
8AM 08:00 to 08:59: 2.9%
9AM 09:00 to 09:59: 5.1%
10AM 10:00 to 10:59: 5.1%
11AM 11:00 to 11:59: 3.6%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.4%
1PM 13:00 to 13:59: 10.1%
2PM 14:00 to 14:59: 2.9%
3PM 15:00 to 15:59: 7.2%
4PM 16:00 to 16:59: 8.0%
5PM 17:00 to 17:59: 8.7%
6PM 18:00 to 18:59: 4.3%
7PM 19:00 to 19:59: 5.8%
8PM 20:00 to 20:59: 6.5%
9PM 21:00 to 21:59: 1.4%
10PM 22:00 to 22:59: 4.3%
11PM 23:00 to 23:59: 1.4%

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 Welland Ranks in Ontario for Mortgage Business

The following table lists how Welland 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
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%
46WOODBRIDGE, ON 0.207%
47ORILLIA, ON 0.204%
48CHATHAM, ON 0.201%
49AURORA, ON 0.178%

Types of Mortgage Inquiries Received from Welland


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 21.7%
Mortgage Pre-approval: 15.2%
First-time Home Buyer: 15.2%
No Money Down Mortgage (discontinued): 14.5%
Mortgage Renewal: 14.5%
New Home Purchase: 11.6%
Other: 7.3%
 
Total Application Types Found: 9

Age Demographics for Welland Mortgages

Average age: 39
Oldest age: 72
Youngest age: 20


Incomes for Welland Mortgages

The figures below represent the average income of people living in Welland who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Welland: $45,538.40
applicants within all of Canada: $60,852.54
Difference: ($15,314.14)
  
mortgage co-applicants in Welland: $36,378.70
co-applicants within all of Canada: $43,965.51
Difference: ($7,586.81)

Note: Commercial Mortgages were not included for this survey, only residential loans amounts from Welland, Ontario were used.


Last mortgage report update for Welland: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Kingston.

Mortgage Product Type Inquiries
Mortgage Pre-approval20.43%
First-time Home Buyer15.41%
No Money Down discontinued15.05%
New Purchase15.05%
Refinance/Consolidate Debt15.05%
Mortgage Renewal9.32%
Other9.68%