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Windsor Mortgage Information

Average Mortgage Loan in Windsor: $133,415

Busy Months for Mortgage Applications within Windsor

The graph below shows the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Windsor mostly occur during our first quarter (represented by the brown bars) with 32.45% while our slowest is the fourth quarter (represented by the red bars) with 16.34%.

Busy Months Report for Windsor Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 11.7%
2 February: 11.0%
3 January: 9.7%
4 April: 9.3%
5 July: 9.1%
6 August: 8.8%
RankMonth Percentage of Applications
7 May: 8.6%
8 June: 8.2%
9 September: 7.3%
10 October: 6.8%
11 November: 5.5%
12 December: 4.0%

Busy Days for Mortgages Originating within Windsor

The data below compares the busy days for online mortgage applications that were received by the Super Brokers web site. Each day is a representation of the combined 6-year total of all instances of that day. In Windsor, the day with the most volume, generating 17.88% of all submissions, is Wednesday. In comparison, Sunday's are the slowest day with only 9.27% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 17.9%
2 Tuesday: 17.2%
3 Monday: 17.0%
4 Friday: 14.6%
5 Thursday: 14.4%
6 Saturday: 9.7%
7 Sunday: 9.3%
Busy Days Report for Windsor Mortgages

Peak Hours for Mortgages within Windsor

Applications are received 24 hours a day on the Mortgage Super Brokers web site. The graph shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 33.8% of all mortgages are received during the morning, while 64.5% arrive in the afternoon.


Peak Hours Graph for Mortgages in Windsor
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.4%
1AM 01:00 to 01:59: 1.1%
2AM 02:00 to 02:59: 0.2%
3AM 03:00 to 03:59: 0.2%
4AM 04:00 to 04:59: 0.7%
5AM 05:00 to 05:59: 1.8%
6AM 06:00 to 06:59: 2.6%
7AM 07:00 to 07:59: 4.6%
8AM 08:00 to 08:59: 6.0%
9AM 09:00 to 09:59: 5.5%
10AM 10:00 to 10:59: 6.0%
11AM 11:00 to 11:59: 6.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.6%
1PM 13:00 to 13:59: 7.5%
2PM 14:00 to 14:59: 5.3%
3PM 15:00 to 15:59: 5.3%
4PM 16:00 to 16:59: 6.8%
5PM 17:00 to 17:59: 5.7%
6PM 18:00 to 18:59: 6.6%
7PM 19:00 to 19:59: 5.1%
8PM 20:00 to 20:59: 5.5%
9PM 21:00 to 21:59: 4.0%
10PM 22:00 to 22:59: 2.2%
11PM 23:00 to 23:59: 1.8%

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 Windsor Ranks in Ontario for Mortgage Business

The following table lists how Windsor 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
4LONDON, ON 1.487%
5BRAMPTON, ON 1.476%
6HAMILTON, ON 1.454%
7KITCHENER, ON 1.029%
8SCARBOROUGH, ON 0.854%
9WINDSOR, ON 0.783%
10BARRIE, ON 0.768%
11BURLINGTON, ON 0.752%
12GUELPH, ON 0.685%
13OAKVILLE, ON 0.647%
14CAMBRIDGE, ON 0.624%

Types of Mortgage Inquiries Received from Windsor


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.3%
First-time Home Buyer: 18.3%
New Home Purchase: 16.3%
Refinance / Debt Consolidation: 13.7%
No Money Down Mortgage (discontinued): 11.3%
Mortgage Renewal: 11.0%
Other: 7%
 
Total Application Types Found: 16

Age Demographics for Windsor Mortgages

Average age: 36
Oldest age: 76
Youngest age: 20


Incomes for Windsor Mortgages

The numbers below represent the average income of applicants living in Windsor who have applied for a loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Windsor: $56,555.20
applicants within all of Canada: $60,852.54
Difference: ($4,297.34)
  
mortgage co-applicants in Windsor: $42,087.30
co-applicants within all of Canada: $43,965.51
Difference: ($1,878.21)

Note: Commercial loan amounts were not included for this report, only residential mortgages from Windsor, Ontario were used.


Last mortgage report update for Windsor: 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 Sarnia.

Mortgage Product Type Inquiries
First-time Home Buyer19.86%
Mortgage Pre-approval18.49%
No Money Down discontinued16.44%
Refinance/Consolidate Debt13.70%
New Purchase11.64%
Mortgage Renewal8.90%
Other10.94%
 
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