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Saskatoon Mortgage Information

Average Mortgage Loan in Saskatoon: $176,553

Busy 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%.

Busy Months Report for Saskatoon Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage 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%
RankMonth 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%
Busy Days Report for Saskatoon Mortgages

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.


Peak Hours Graph for Mortgages in Saskatoon
TimePeriod (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%
TimePeriod (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.

RankLocation Contribution
1REGINA, SK 1.718%
2SASKATOON, SK 0.749%
3MOOSE JAW, SK 0.266%
4PRINCE ALBERT, SK 0.197%
5LLOYDMINSTER, SK 0.135%
6ESTEVAN, SK 0.092%
7YORKTON, 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)

Note: Commercial loans were not included for this section, only home loans from Saskatoon, Saskatchewan were used.


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