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Montreal Mortgage Information

Average Mortgage Loan in Montreal: $228,228

Busy Months for Mortgages Originating within Montreal

The 6-year bar graph below displays the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Montreal happen to occur during our first quarter (represented by the brown bars) with 34.39% while our slowest is the fourth quarter (represented by the red bars) with 18.26%.

Busy Months Report for Montreal Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 13.2%
2 January: 11.3%
3 April: 10.8%
4 February: 10.0%
5 May: 9.1%
6 November: 7.6%
RankMonth Percentage of Applications
7 June: 7.4%
8 July: 6.8%
9 September: 6.8%
10 August: 6.4%
11 October: 6.2%
12 December: 4.5%

Busy Days for Mortgages Originating within Montreal

The graph below compares the busy days for online mortgage applications that were received by Super Brokers. Each day is a representation of the combined 6-year total of all instances of that day. In Montreal the busiest day of the week, with 22.51% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 8.92% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 22.5%
2 Thursday: 17.6%
3 Tuesday: 14.2%
4 Friday: 14.0%
5 Wednesday: 12.5%
6 Sunday: 10.2%
7 Saturday: 8.9%
Busy Days Report for Montreal Mortgages

Peak Hours for Mortgage Applicants within Montreal

Inquiries are received 24 hours a day on the Super Brokers web site. The following indicates the busy hours in the day. The data is taken from all days of all years.


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: 2.1%
7AM 07:00 to 07:59: 4.7%
8AM 08:00 to 08:59: 6.2%
9AM 09:00 to 09:59: 7.2%
10AM 10:00 to 10:59: 6.8%
11AM 11:00 to 11:59: 7.6%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.4%
1PM 13:00 to 13:59: 7.4%
2PM 14:00 to 14:59: 7.2%
3PM 15:00 to 15:59: 5.7%
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: 5.9%
9PM 21:00 to 21:59: 4.5%
10PM 22:00 to 22:59: 2.5%
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: 21.18%
British Columbia: 10.35%
Manitoba: 2.00%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.48%
Nunavut: 0.09%
Ontario: 47.21%
Prince Edward Island: 0.50%
Quebec: 3.93%
Saskatchewan: 5.06%
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 0.812%
2GATINEAU, QC 0.443%
3LAVAL, QC 0.210%
4DOLLARD-DES-ORMEAUX, QC 0.112%
5PIERREFONDS, QC 0.100%
6BROSSARD, QC 0.098%

Types of Mortgage Inquiries Received from Montreal


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 22.1%
Mortgage Pre-approval: 20.0%
Mortgage Renewal: 13.2%
No Money Down Mortgage (discontinued): 12.3%
New Home Purchase: 10.0%
Pre-approval: 8.3%
Refinance / Debt Consolidation: 6.4%
Other: 7.7%
 
Total Application Types Found: 15

Age Demographics for Montreal Mortgages

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


Incomes for Montreal Mortgages

The following figures show the average income of Canadians living in Montreal who have applied for a mortgage loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Montreal: $65,464.39
applicants within all of Canada: $60,871.80
Difference: $4,592.58
  
mortgage co-applicants in Montreal: $46,779.22
co-applicants within all of Canada: $44,075.54
Difference: $2,703.69

Note: Commercial loan amounts were not included for this section, only residential mortgage loan amounts were used.


Last mortgage report update for Montreal: Thursday, August 13, 2015
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Quebec
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Brossard.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt22.81%
Mortgage Renewal21.05%
Mortgage Pre-approval17.54%
New Purchase14.04%
First-time Home Buyer7.02%
Pre-approval5.26%
Other12.28%