Mortgage Stats and Info for Ontario, Canada
The graph below illustrates the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest month for mortgages from Ontario occurs in March with 10.5% of applications, while our slowest is December with 5.0%.
The graph listed below illustrates the busy days for online mortgage applications that were received by our web site. Each day is a representation of the combined 5-year total of all instances of that day. In Ontario the busiest day of the week, with approximately 18.0% of all applications, is Monday. In comparison, Saturday is the slowest day with only 9.4% of all inquiries.
In Ontario, mortgages are received 24 hours a day from our web site. The statistics shown below represents the busy hours for mortgage applications over a 24-hour period. 40.2% of all mortgages are received before noon, while 59.8% arrive in the afternoon.
|Midnight - 1 AM||2.1%|
|1 AM - 2 AM||1.2%|
|2 AM - 3 AM||0.7%|
|3 AM - 4 AM||0.5%|
|4 AM - 5 AM||0.3%|
|5 AM - 6 AM||0.4%|
|6 AM - 7 AM||0.7%|
|7 AM - 8 AM||1.5%|
|8 AM - 9 AM||3.0%|
|9 AM - 10 AM||5.0%|
|10 AM - 11 AM||6.5%|
|11 AM - Noon||7.2%|
|Noon - 1 PM||7.3%|
|1 PM - 2 PM||7.2%|
|2 PM - 3 PM||7.2%|
|3 PM - 4 PM||6.8%|
|4 PM - 5 PM||6.5%|
|5 PM - 6 PM||5.5%|
|6 PM - 7 PM||5.0%|
|7 PM - 8 PM||5.5%|
|8 PM - 9 PM||5.9%|
|9 PM - 10 PM||5.6%|
|10 PM - 11 PM||5.0%|
|11 PM - Midnight||3.5%|
The data shown below represents the peak seasons for online mortgage application submissions received by Super Brokers. The busiest season for mortgages within Ontario seems to occur in Spring with 29.7%, while our slow season is Autumn with 21.7%.
|Rank#||City/Town||% of Inquiries||Age||Income||Co-Income||Loan|
|16||St. Catharines, ON||0.54%||37||$50.6K||$38.2K||$154K|
|17||North York, ON||0.53%||38||$65.8K||$46.6K||$283K|
|21||Richmond Hill, ON||0.490%||40||$78.7K||$50.9K||$215K|
|22||Sault Ste. Marie, ON||0.425%||36||$48.4K||$36.9K||$102K|
Age Ranges for Mortgage Applicants
In Ontario, the median age for when folks apply for a mortgage loan is 37. The youngest person to fill out a mortgage application in Ontario was 18 years of age. The oldest was 100 years old.
Marital Status for Mortgage Applicants
When folks in Ontario fill out a mortgage application with Super Brokers, they enter a marital status, and the most popular status' they report are Married with 49.2%, Single with 27.3%, Common Law with 13.8%, Separated with 4.8%, Divorced with 4.0%, Widowed with 0.9%, and No Comment with 0.0%.
Of the many mortgages in Ontario, the 4 most popular mortgage inquiry types are Qualification with 19.6%, First-time Buyer with 17.4%, Refinance with 15.6%, and Purchase with 13.7%.
- First-time Buyer
- No Money Down
|No Money Down||12.2%|
Current Living Arrangement
When asked on a mortgage application if they own or rent and where they currently reside, the residents of Ontario frequently answer: Own with 46.4%, Rent with 41.9%, and Live with parents with 6.3%.