Canadian Licensing Info: Alberta Mortgage #MW-0511205,
BC Mortgage #X028169, FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.

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Saskatoon Mortgage Information

Average Mortgage Loan in Saskatoon: $176,576

Busy Months for Mortgage Inquiries within Saskatoon

The 6-year bar graph below displays the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Saskatoon occur during our second quarter (represented by the green bars) with 31.75% while our slowest is the fourth quarter (represented by the red bars) with 15.87%.

Busy Months Report for Saskatoon Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 12.7%
2 April: 11.8%
3 July: 11.1%
4 May: 10.7%
5 June: 9.3%
6 January: 8.2%
RankMonth Percentage of Applications
7 February: 7.0%
8 November: 6.8%
9 September: 6.8%
10 August: 6.6%
11 October: 5.4%
12 December: 3.6%

Busy Days for Online Applications within Saskatoon

The graph listed below shows the busy days for mortgage inquiries that were received by Super Brokers. Each day is a representation of the combined 6-year total of all instances of that day. In Saskatoon, the day with the most volume, generating 18.37% of all submissions, is Monday. In comparison, Friday's are the slowest day with only 9.75% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 18.4%
2 Wednesday: 16.8%
3 Tuesday: 15.7%
4 Sunday: 13.8%
5 Thursday: 12.9%
6 Saturday: 12.7%
7 Friday: 9.8%
Busy Days Report for Saskatoon Mortgages

Peak Hours for Originated Mortgages within Saskatoon

In Saskatoon, mortgages are received 24 hours a day from the Mortgage Super Brokers web site. The information shown below represents the busy hours in the day. The data is taken from all days of all years. Only 23.4% of all mortgages are received before noon, while 71.9% arrive in the afternoon.

Peak Hours Graph for Mortgages in Saskatoon
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.9%
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: 2.7%
9AM 09:00 to 09:59: 4.5%
10AM 10:00 to 10:59: 6.6%
11AM 11:00 to 11:59: 5.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.0%
1PM 13:00 to 13:59: 7.9%
2PM 14:00 to 14:59: 5.7%
3PM 15:00 to 15:59: 8.2%
4PM 16:00 to 16:59: 4.1%
5PM 17:00 to 17:59: 9.8%
6PM 18:00 to 18:59: 4.5%
7PM 19:00 to 19:59: 5.2%
8PM 20:00 to 20:59: 6.6%
9PM 21:00 to 21:59: 5.2%
10PM 22:00 to 22:59: 4.8%
11PM 23:00 to 23:59: 2.9%

Saskatchewan 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 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 1.716%
3MOOSE JAW, SK 0.271%
6ESTEVAN, SK 0.091%
7YORKTON, SK 0.085%

Types of Mortgage Inquiries Received from Saskatoon

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 20.9%
First-time Home Buyer: 19.3%
No Money Down Mortgage (discontinued): 19.0%
New Home Purchase: 14.5%
Mortgage Renewal: 8.8%
Refinance / Debt Consolidation: 6.8%
Other: 10.6%
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 information below represents the average income of Canadians living in Saskatoon who have applied for a mortgage loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Saskatoon: $55,355.84
applicants within all of Canada: $60,871.80
Difference: ($5,515.96)
mortgage co-applicants in Saskatoon: $40,773.72
co-applicants within all of Canada: $44,075.54
Difference: ($3,301.82)

Note: Commercial loan amounts were not included for this survey, only home loans were used.

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

Mortgage Product Type Inquiries
Mortgage Pre-approval20.86%
First-time Home Buyer19.27%
No Money Down discontinued19.05%
New Purchase14.51%
Mortgage Renewal8.84%
Refinance/Consolidate Debt6.80%
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