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Montreal Mortgage Information

Average Mortgage Loan in Montreal: $229,945

Busy Months for Online Applications within Montreal

The 6-year bar graph below represents the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Montreal usually occur during our first quarter (represented by the brown bars) with 34.54% while our slowest is the fourth quarter (represented by the red bars) with 18.34%.

Busy Months Report for Montreal Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 13.7%
2 January: 10.9%
3 April: 10.9%
4 February: 10.0%
5 May: 9.2%
6 November: 7.7%
RankMonth Percentage of Applications
7 June: 7.5%
8 September: 6.8%
9 July: 6.6%
10 August: 6.2%
11 October: 6.2%
12 December: 4.5%

Busy Days for Mortgages Received within Montreal

The graph listed below plots the busy days for Internet mortgage applications that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Montreal the busiest day, with approximately 22.60% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 9.17% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 22.6%
2 Thursday: 17.3%
3 Tuesday: 14.3%
4 Friday: 14.3%
5 Wednesday: 12.4%
6 Sunday: 10.0%
7 Saturday: 9.2%
Busy Days Report for Montreal Mortgages

Peak Hours for Based Mortgages within Montreal

Mortgage inquiries are received 24 hours a day on the Super Brokers web site. The following represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 36.0% of all mortgages are received during the morning, while 60.8% arrive in the afternoon.


Peak Hours Graph for Mortgages in Montreal
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.5%
1AM 01:00 to 01:59: 0.6%
2AM 02:00 to 02:59: 0.6%
3AM 03:00 to 03:59: 0.4%
4AM 04:00 to 04:59: 0.4%
5AM 05:00 to 05:59: 1.3%
6AM 06:00 to 06:59: 2.3%
7AM 07:00 to 07:59: 4.5%
8AM 08:00 to 08:59: 6.4%
9AM 09:00 to 09:59: 7.2%
10AM 10:00 to 10:59: 6.6%
11AM 11:00 to 11:59: 7.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.5%
1PM 13:00 to 13:59: 7.5%
2PM 14:00 to 14:59: 7.0%
3PM 15:00 to 15:59: 6.0%
4PM 16:00 to 16:59: 2.8%
5PM 17:00 to 17:59: 3.0%
6PM 18:00 to 18:59: 7.0%
7PM 19:00 to 19:59: 4.9%
8PM 20:00 to 20:59: 6.0%
9PM 21:00 to 21:59: 4.5%
10PM 22:00 to 22:59: 2.6%
11PM 23:00 to 23:59: 2.1%

Quebec 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 Montreal Ranks in Quebec for Mortgage Business

The following table lists how Montreal 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
1MONTREAL, QC 0.811%
2GATINEAU, QC 0.446%
3LAVAL, QC 0.213%
4DOLLARD-DES-ORMEAUX, QC 0.112%
5PIERREFONDS, QC 0.100%
6BROSSARD, QC 0.099%

Types of Mortgage Inquiries Received from Montreal


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 22.4%
Mortgage Pre-approval: 20.0%
Mortgage Renewal: 13.0%
No Money Down Mortgage (discontinued): 12.4%
New Home Purchase: 9.8%
Pre-approval: 8.3%
Refinance / Debt Consolidation: 6.4%
Other: 7.5%
 
Total Application Types Found: 15

Age Demographics for Montreal Mortgage Applicants

Average age: 38
Oldest age: 78
Youngest age: 21


Incomes for Montreal Mortgage Applicants

The following depicts the average income of people living in Montreal who have submitted a mortgage inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Montreal: $65,519.12
applicants within all of Canada: $60,852.54
Difference: $4,666.57
  
mortgage co-applicants in Montreal: $46,562.07
co-applicants within all of Canada: $43,965.51
Difference: $2,596.56

Note: Commercial Mortgage loans were not included for this section, only residential mortgage loan amounts from Montreal, Quebec were used.


Last mortgage report update for Montreal: Friday, July 1, 2016
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