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Bancroft Mortgage Information

Average Mortgage Loan in Bancroft: $158,952

Busy Days for Applications within Bancroft

The bar graph below illustrates the busy days for online inquiries that were received by Super Brokers. Each day represents a combined total of all occurrences of that day in the past 5 years. In Bancroft, the day with the most volume, generating 24.24% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 3.03% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 24.2%
2 Friday: 21.2%
3 Tuesday: 15.2%
4 Thursday: 15.2%
5 Sunday: 12.1%
6 Wednesday: 9.1%
7 Saturday: 3.0%
Busy Days Report for Bancroft Mortgages

Peak Hours for Mortgage Applicants within Bancroft

Mortgage applications are received 24 hours a day on the Super Brokers' web site. The report shown below represents the peak hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Bancroft
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 3.0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 12.1%
8AM 08:00 to 08:59: 0%
9AM 09:00 to 09:59: 12.1%
10AM 10:00 to 10:59: 21.2%
11AM 11:00 to 11:59: 9.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 3.0%
1PM 13:00 to 13:59: 6.1%
2PM 14:00 to 14:59: 6.1%
3PM 15:00 to 15:59: 6.1%
4PM 16:00 to 16:59: 0%
5PM 17:00 to 17:59: 3.0%
6PM 18:00 to 18:59: 0%
7PM 19:00 to 19:59: 9.1%
8PM 20:00 to 20:59: 3.0%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 6.1%
11PM 23:00 to 23:59: 0%

Ontario 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 Bancroft Ranks in Ontario for Mortgage Business

The following table lists how Bancroft 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
115BELLE RIVER, ON 0.061%
116CARLETON PLACE, ON 0.061%
117UXBRIDGE, ON 0.059%
118YORK, ON 0.059%
119GODERICH, ON 0.057%
120BANCROFT, ON 0.057%
121STURGEON FALLS, ON 0.055%
122BRIGHTON, ON 0.055%
123ANGUS, ON 0.054%
124HARROW, ON 0.054%
125KIRKLAND LAKE, ON 0.054%

Types of Mortgage Inquiries Received from Bancroft


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 30.3%
Mortgage Renewal: 18.2%
Mortgage Pre-approval: 12.1%
New Home Purchase: 12.1%
No Money Down Mortgage (discontinued): 9.1%
First-time Home Buyer: 6.1%
HELOC: 6.1%
Other: 6%
 
Total Application Types Found: 9

Age Demographics for Bancroft Mortgages

Average age: 39
Oldest age: 64
Youngest age: 22


Incomes for Bancroft Mortgages

The following depicts the average income of people living in Bancroft who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Bancroft: $50,095.85
applicants within all of Canada: $60,852.54
Difference: ($10,756.69)
  
mortgage co-applicants in Bancroft: $37,681.82
co-applicants within all of Canada: $43,965.51
Difference: ($6,283.69)

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


Last mortgage report update for Bancroft: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Mississauga.

Mortgage Product Type Inquiries
First-time Home Buyer20.40%
Mortgage Pre-approval19.74%
New Purchase14.75%
Mortgage Renewal13.87%
Refinance/Consolidate Debt12.77%
No Money Down discontinued7.41%
Other11.07%
 
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