Mortgage Stats and Info for Canada
Busy Months
The bar graph below depicts the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest month for mortgages from Canada seems to occur in March with 10.2% of applications, while our slowest is December with 4.9%.
Busy Days
The bar graph listed below compares the busy days for online mortgage applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Canada the busiest day of the week, having more than 17.9% of all submissions, is Monday. In comparison, Saturday is the slowest day with only 9.4% of all inquiries.
Peak Hours
Inquiries are received 24 hours a day via our web site. The report shown below indicates the busy hours for mortgage applications in the day. 35.7% of all mortgages are received in the morning, while 64.3% arrive in the afternoon.
Busy Seasons
The chart below represents the peak seasons for Internet application submissions received by Super Brokers. The busiest season for mortgages in Canada mostly occurs in Spring with 30.0%, while the slowest season is Autumn with 21.2%.
Top Cities
| Average | |||||||
|---|---|---|---|---|---|---|---|
| Rank# | City/Town | % of Inquiries | Age | Income | Co-Income | Loan | |
| 1 | Calgary, AB | 7.0% | 37 | $69.3K | $46.6K | $226K | |
| 2 | Edmonton, AB | 4.6% | 36 | $60.5K | $40.3K | $191K | |
| 3 | Toronto, ON | 4.3% | 38 | $81.1K | $52.2K | $248K | |
| 4 | Mississauga, ON | 2.29% | 39 | $67.4K | $44.1K | $221K | |
| 5 | Ottawa, ON | 2.12% | 37 | $68.5K | $46.7K | $195K | |
| 6 | Regina, SK | 1.65% | 34 | $63.1K | $33.7K | $136K | |
| 7 | London, ON | 1.49% | 37 | $54.6K | $34.5K | $155K | |
| 8 | Hamilton, ON | 1.48% | 37 | $53.1K | $33.4K | $143K | |
| 9 | Brampton, ON | 1.47% | 38 | $59.9K | $45.3K | $194K | |
| 10 | Winnipeg, MB | 1.16% | 37 | $52.4K | $34.1K | $139K | |
| 11 | Kitchener, ON | 1.01% | 37 | $55K | $41.3K | $166K | |
| 12 | Vancouver, BC | 0.94% | 39 | $72.5K | $44.4K | $279K | |
| 13 | Scarborough, ON | 0.85% | 38 | $56K | $37.6K | $212K | |
| 14 | Windsor, ON | 0.82% | 37 | $65K | $38.2K | $137K | |
| 15 | Montréal, QC | 0.81% | 38 | $66.5K | $44.1K | $223K | |
| 16 | Saskatoon, SK | 0.77% | 36 | $60.1K | $37.1K | $149K | |
| 17 | Barrie, ON | 0.77% | 36 | $56.8K | $34.5K | $155K | |
| 18 | Burlington, ON | 0.72% | 39 | $79.4K | $46.7K | $194K | |
| 19 | Surrey, BC | 0.71% | 39 | $69.4K | $39K | $230K | |
| 20 | Guelph, ON | 0.66% | 37 | $58.6K | $39.8K | $179K | |
| 21 | Victoria, BC | 0.64% | 40 | $65.6K | $38.3K | $240K | |
| 22 | Red Deer, AB | 0.64% | 35 | $62.8K | $34.7K | $181K | |
| 23 | Oakville, ON | 0.63% | 41 | $77.7K | $47.1K | $223K | |
| 24 | Cambridge, ON | 0.62% | 38 | $55.5K | $33.6K | $158K | |
| 25 | Oshawa, ON | 0.62% | 38 | $62.6K | $42.7K | $163K | |
Age Ranges for Mortgage Applicants
In Canada, the median age for when people apply for a mortgage loan is 36. The youngest person to apply for a mortgage was 18 and the oldest was 100 years young.
Marital Status for Mortgage Applicants
When people in Canada apply for a mortgage with Super Brokers, they enter a marital status, and the most frequent status' they report are Married with 47.9%, Single with 28.1%, Common Law with 14.6%, Separated with 4.4%, Divorced with 4.2%, Widowed with 0.8%, and No Comment with 0.0%.
Mortgage Types
Of all of the mortgages in Canada, the 3 most prominent application types are Qualification with 20.8%, First-time Buyer with 16.8%, and Refinance with 14.9%.
Current Living Arrangement
When asked on a mortgage application if they own or rent and where they currently reside, the people of Canada commonly say: Own with 44.4%, Rent with 43.5%, and Live with parents with 5.2%.
