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Whitby Mortgage Information

Average Mortgage Loan in Whitby: $184,060

Busy Months for Online Applications within Whitby

The bar graph below illustrates the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Whitby mostly occur during our first quarter (represented by the brown bars) with 27.65% while our slowest is the fourth quarter (represented by the red bars) with 20.28%.

Busy Months Report for Whitby Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 September: 12.0%
2 March: 11.5%
3 January: 10.6%
4 April: 10.1%
5 July: 9.2%
6 May: 8.8%
RankMonth Percentage of Applications
7 October: 8.8%
8 June: 6.5%
9 November: 6.0%
10 December: 5.5%
11 February: 5.5%
12 August: 5.5%

Busy Days for Mortgage Inquiries within Whitby

The information below shows the busy days for mortgage 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 Whitby the busiest day, with approximately 19.35% of all inquiries, is Monday. In comparison, Sunday's are the slowest day with only 8.76% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 19.4%
2 Tuesday: 18.9%
3 Thursday: 15.7%
4 Wednesday: 15.2%
5 Friday: 11.1%
6 Saturday: 11.1%
7 Sunday: 8.8%
Busy Days Report for Whitby Mortgages

Peak Hours for Based Mortgages within Whitby

Whitby mortgage applications are received 24 hours a day on the Mortgage 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 Whitby
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.9%
1AM 01:00 to 01:59: 0.9%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0.5%
4AM 04:00 to 04:59: 0.5%
5AM 05:00 to 05:59: 1.4%
6AM 06:00 to 06:59: 1.8%
7AM 07:00 to 07:59: 3.2%
8AM 08:00 to 08:59: 11.1%
9AM 09:00 to 09:59: 6.9%
10AM 10:00 to 10:59: 7.8%
11AM 11:00 to 11:59: 9.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.1%
1PM 13:00 to 13:59: 6.5%
2PM 14:00 to 14:59: 5.5%
3PM 15:00 to 15:59: 7.8%
4PM 16:00 to 16:59: 5.1%
5PM 17:00 to 17:59: 6.0%
6PM 18:00 to 18:59: 4.6%
7PM 19:00 to 19:59: 4.6%
8PM 20:00 to 20:59: 5.1%
9PM 21:00 to 21:59: 3.2%
10PM 22:00 to 22:59: 1.8%
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 Whitby Ranks in Ontario for Mortgage Business

The following table lists how Whitby 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
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%
33NEPEAN, ON 0.308%
34CORNWALL, ON 0.280%

Types of Mortgage Inquiries Received from Whitby


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 21.7%
Mortgage Pre-approval: 18.9%
Mortgage Renewal: 15.7%
First-time Home Buyer: 12.9%
New Home Purchase: 12.9%
No Money Down Mortgage (discontinued): 10.1%
Other: 8%
 
Total Application Types Found: 13

Age Demographics for Whitby Mortgage Applicants

Average age: 38
Oldest age: 67
Youngest age: 21


Incomes for Whitby Mortgage Applicants

The figures below represent the average income of Canadians living in Whitby who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Whitby: $64,143.30
applicants within all of Canada: $60,852.54
Difference: $3,290.76
  
mortgage co-applicants in Whitby: $53,115.97
co-applicants within all of Canada: $43,965.51
Difference: $9,150.46

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


Last mortgage report update for Whitby: 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 Bolton.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt25.00%
Mortgage Pre-approval17.86%
First-time Home Buyer14.29%
No Money Down discontinued12.50%
Mortgage Renewal12.50%
New Purchase7.14%
Other10.74%