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ToolsSaskatoon Mortgage Information
Average Mortgage Loan in Saskatoon: $176,553Busy Months for Mortgage Applications within Saskatoon
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 Saskatoon happen to occur during our second quarter (represented by the green bars) with 31.18% while our slowest is the fourth quarter (represented by the red bars) with 16.17%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | March: | 12.0% | |
| 2 | April: | 11.6% | |
| 3 | July: | 10.9% | |
| 4 | May: | 10.4% | |
| 5 | June: | 9.2% | |
| 6 | January: | 8.8% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | February: | 7.4% | |
| 8 | November: | 6.9% | |
| 9 | September: | 6.9% | |
| 10 | August: | 6.7% | |
| 11 | October: | 5.5% | |
| 12 | December: | 3.7% |
Busy Days for Applications within Saskatoon
The bar graph listed below shows the busy days for Internet mortgage applications that were received by Super Brokers. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Saskatoon, the day with the most volume, generating 18.71% of all inquiries, is Monday. In comparison, Friday's are the slowest day with only 9.47% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Monday: | 18.7% |
| 2 | Wednesday: | 16.9% |
| 3 | Tuesday: | 15.5% |
| 4 | Sunday: | 13.9% |
| 5 | Thursday: | 13.2% |
| 6 | Saturday: | 12.5% |
| 7 | Friday: | 9.5% |
Peak Hours for Mortgage Applicants within Saskatoon
In Saskatoon, mortgage applications are received 24 hours a day from the Super Brokers' web site. The report shown below represents the rush hours in the day. The data is taken from all days of all years. Only 23.1% of all mortgages are received before noon, while 72.1% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 3.0% |
| 1AM | 01:00 to 01:59: | 1.4% |
| 2AM | 02:00 to 02:59: | 0.5% |
| 3AM | 03:00 to 03:59: | 0.2% |
| 4AM | 04:00 to 04:59: | 0.2% |
| 5AM | 05:00 to 05:59: | 0.2% |
| 6AM | 06:00 to 06:59: | 0.7% |
| 7AM | 07:00 to 07:59: | 2.5% |
| 8AM | 08:00 to 08:59: | 2.8% |
| 9AM | 09:00 to 09:59: | 4.6% |
| 10AM | 10:00 to 10:59: | 6.2% |
| 11AM | 11:00 to 11:59: | 5.5% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 7.2% |
| 1PM | 13:00 to 13:59: | 8.3% |
| 2PM | 14:00 to 14:59: | 5.5% |
| 3PM | 15:00 to 15:59: | 8.1% |
| 4PM | 16:00 to 16:59: | 4.2% |
| 5PM | 17:00 to 17:59: | 9.7% |
| 6PM | 18:00 to 18:59: | 4.8% |
| 7PM | 19:00 to 19:59: | 5.3% |
| 8PM | 20:00 to 20:59: | 6.5% |
| 9PM | 21:00 to 21:59: | 5.1% |
| 10PM | 22:00 to 22:59: | 4.6% |
| 11PM | 23:00 to 23:59: | 2.8% |
Saskatchewan 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 Saskatoon Ranks in Saskatchewan for Mortgage Business
The following table lists how Saskatoon 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.
| Rank | Location | Contribution |
|---|---|---|
| 1 | REGINA, SK | 1.718% |
| 2 | SASKATOON, SK | 0.749% |
| 3 | MOOSE JAW, SK | 0.266% |
| 4 | PRINCE ALBERT, SK | 0.197% |
| 5 | LLOYDMINSTER, SK | 0.135% |
| 6 | ESTEVAN, SK | 0.092% |
| 7 | YORKTON, SK | 0.086% |
Types of Mortgage Inquiries Received from Saskatoon
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| Mortgage Pre-approval: | 21.5% | |
| First-time Home Buyer: | 19.4% | |
| No Money Down Mortgage (discontinued): | 19.4% | |
| New Home Purchase: | 13.9% | |
| Mortgage Renewal: | 8.8% | |
| Refinance / Debt Consolidation: | 6.9% | |
| Other: | 10.2% | |
| Total Application Types Found: 17 | ||
Age Demographics for Saskatoon Based Mortgages
Average age: 36
Oldest age: 79
Youngest age: 19
Incomes for Saskatoon Based Mortgages
The following depicts the average income of applicants living in Saskatoon who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Saskatoon: | $54,977.74 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | ($5,874.80) |
| mortgage co-applicants in Saskatoon: | $40,945.83 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | ($3,019.68) |
Nearest Settlements
| 1 | Martensville, Saskatchewan |
| 2 | Warman, Saskatchewan |
| 3 | Vonda, Saskatchewan |
| 4 | Dalmeny, Saskatchewan |
- Dalmeny
- Martensville
- Vonda
- Warman
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Municipal mortgage stats:
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#304-3016 5 Ave NE, Calgary, AB T2A 6K4 Tel: Fax: info@superbrokers.ca |