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Monthly Volume History of Mortgage Applications from Ontario

The 6-year bar graph below illustrates the individual monthly volume history for Internet mortgage applications submitted from Ontario.


Monthly Volume Report for Ontario Mortgages

Busy Months for Mortgages in Ontario

This graph shows the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our first quarter (represented by the brown bars) with 30.44% while our slowest is the fourth quarter (represented by the red bars) with 18.50%.

Busy Months Report for Ontario Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 10.9%
2 January: 10.0%
3 April: 9.8%
4 February: 9.6%
5 May: 9.3%
6 July: 8.3%
RankMonth Percentage of Applications
7 June: 8.2%
8 August: 7.9%
9 September: 7.5%
10 October: 7.4%
11 November: 6.4%
12 December: 4.7%

Busy Days for Mortgages in Ontario

The graph listed below shows the busy days for online applications that were received by the CanEquity web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Ontario the busiest day, with 18.11% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 9.37% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Monday: 18.1%
2: Tuesday: 17.9%
3: Wednesday: 16.7%
4: Thursday: 14.7%
5: Friday: 12.1%
6: Sunday: 11.1%
7: Saturday: 9.4%
Busy Days Report for Ontario Mortgages

Peak Hours for Ontario Mortgage Applications

Applications are received 24 hours a day via the CanEquity web site. The information shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 0.0% of all mortgages are received before noon, while 39.1% arrive in the afternoon.


Peak Hours Graph for Mortgages in Ontario
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.7%
1AM 01:00 to 01:59: 0.4%
2AM 02:00 to 02:59: 0.3%
3AM 03:00 to 03:59: 0.4%
4AM 04:00 to 04:59: 0.7%
5AM 05:00 to 05:59: 1.5%
6AM 06:00 to 06:59: 3.0%
7AM 07:00 to 07:59: 4.9%
8AM 08:00 to 08:59: 6.5%
9AM 09:00 to 09:59: 7.2%
10AM 10:00 to 10:59: 7.4%
11AM 11:00 to 11:59: 7.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.2%
1PM 13:00 to 13:59: 6.8%
2PM 14:00 to 14:59: 6.5%
3PM 15:00 to 15:59: 5.3%
4PM 16:00 to 16:59: 5.0%
5PM 17:00 to 17:59: 5.4%
6PM 18:00 to 18:59: 6.0%
7PM 19:00 to 19:59: 5.5%
8PM 20:00 to 20:59: 5.0%
9PM 21:00 to 21:59: 3.5%
10PM 22:00 to 22:59: 2.1%
11PM 23:00 to 23:59: 1.2%

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination for the Province of Percentage in Comparison
Alberta: 43.7%
British Columbia: 21.8%
Manitoba: 4.2%
New Brunswick: 5.3%
Newfoundland and Labrador: 2.7%
Nova Scotia: 6.9%
Northwest Territories: 1.0%
Nunavut: 0.2%
Ontario: 100.0%
Prince Edward Island: 1.1%
Quebec: 8.3%
Saskatchewan: 10.5%
Yukon: 1.0%

Top Producing Cities / Towns for Mortgages in Ontario

Rank City or Town within
the province of Ontario
Percentage
of Inquiries
Avg
Age
Average
Income
Average
Co-Income
Average
Loan
1:TORONTO, ON 9.260% 38 $73,433 $53,260 $270,729
2:MISSISSAUGA, ON 5.001% 39 $65,854 $45,640 $237,865
3:OTTAWA, ON 4.483% 37 $65,131 $48,926 $214,029
4:LONDON, ON 3.146% 37 $54,264 $41,379 $162,354
5:BRAMPTON, ON 3.117% 38 $57,121 $41,296 $208,820
6:HAMILTON, ON 3.079% 37 $51,927 $38,004 $156,122
7:KITCHENER, ON 2.163% 37 $56,564 $45,539 $183,779
8:SCARBOROUGH, ON 1.798% 38 $55,785 $41,164 $237,038
9:WINDSOR, ON 1.653% 36 $56,724 $41,634 $133,794
10:BARRIE, ON 1.627% 36 $55,742 $37,650 $174,823
11:BURLINGTON, ON 1.597% 39 $69,933 $46,360 $210,226
12:GUELPH, ON 1.463% 36 $57,373 $40,830 $205,136
13:OAKVILLE, ON 1.366% 41 $77,651 $49,386 $238,628
14:CAMBRIDGE, ON 1.329% 37 $56,535 $39,694 $181,969
15:OSHAWA, ON 1.303% 38 $55,160 $43,752 $157,104
16:ST CATHARINES, ON 1.136% 36 $52,037 $36,295 $153,949
17:ETOBICOKE, ON 1.095% 37 $57,035 $45,029 $239,495
18:NORTH YORK, ON 1.087% 38 $59,492 $50,934 $280,226
19:RICHMOND HILL, ON 1.076% 40 $74,155 $55,549 $230,508
20:BRANTFORD, ON 1.043% 36 $49,992 $32,873 $153,786
21:KINGSTON, ON 1.028% 38 $57,234 $45,693 $186,493
22:MARKHAM, ON 0.935% 37 $71,359 $51,967 $248,778
23:SAULT STE MARIE, ON 0.923% 36 $49,296 $41,636 $128,090
24:SUDBURY, ON 0.860% 37 $63,678 $38,850 $164,291
25:AJAX, ON 0.856% 39 $68,822 $44,059 $201,287
26:PETERBOROUGH, ON 0.853% 37 $51,246 $47,314 $156,532
27:WATERLOO, ON 0.845% 37 $61,399 $41,562 $218,071
28:THUNDER BAY, ON 0.801% 37 $54,307 $39,076 $113,703
29:WHITBY, ON 0.793% 38 $63,730 $53,424 $180,182
30:NIAGARA FALLS, ON 0.674% 36 $46,624 $40,061 $148,625
31:PICKERING, ON 0.666% 39 $65,364 $55,236 $181,605
32:NEWMARKET, ON 0.659% 38 $60,165 $52,111 $218,995
33:NEPEAN, ON 0.655% 38 $59,275 $47,032 $197,306
34:CORNWALL, ON 0.592% 35 $46,596 $28,818 $129,947
35:TIMMINS, ON 0.566% 35 $57,841 $37,971 $149,516
36:MILTON, ON 0.551% 36 $60,798 $47,751 $215,198
37:KANATA, ON 0.551% 40 $70,190 $54,882 $185,104
38:WOODSTOCK, ON 0.540% 38 $56,745 $44,814 $156,042
39:SARNIA, ON 0.529% 39 $50,102 $33,636 $124,020
40:BELLEVILLE, ON 0.525% 37 $48,708 $30,455 $155,357
41:THORNHILL, ON 0.521% 42 $83,345 $48,349 $270,374
42:ORLEANS, ON 0.518% 41 $63,541 $51,145 $179,630
43:WELLAND, ON 0.514% 39 $45,538 $36,378 $114,023
44:STONEY CREEK, ON 0.503% 40 $56,743 $44,750 $182,453
45:NORTH BAY, ON 0.503% 38 $48,790 $42,615 $146,309
46:WOODBRIDGE, ON 0.436% 36 $67,305 $52,468 $270,120
47:ORILLIA, ON 0.428% 37 $41,376 $34,184 $156,488
48:CHATHAM, ON 0.421% 36 $45,779 $35,099 $103,867
49:AURORA, ON 0.380% 39 $71,949 $56,562 $217,075
50:ST THOMAS, ON 0.376% 38 $49,843 $36,969 $143,310

Age Demographics for Ontario Mortgage Inquiries

Average age: 38
Oldest age: 89
Youngest age: 19


Incomes for Ontario Mortgage Inquiries

The following depicts the average income of applicants living in Ontario who have applied for a loan using CanEquity's online mortgage application.

Average annual gross income for
mortgage applicants in Ontario: $59,992.45
applicants within all of Canada: $60,593.10
Difference: ($600.65)
  
mortgage co-applicants in Ontario: $44,250.74
co-applicants within all of Canada: $43,761.59
Difference: $489.15

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

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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Kitchener.

Mortgage Product Type Inquiries
First-time Home Buyer22.89%
Mortgage Pre-approval20.65%
New Purchase13.60%
Refinance/Consolidate Debt13.43%
No Money Down discontinued11.70%
Mortgage Renewal10.33%
Other7.38%