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Barrie Mortgage Information

Average Mortgage Loan in Barrie: $176,886

Busy Months for Mortgage Applications within Barrie

The bar graph below illustrates the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Barrie seem to occur during our first quarter (represented by the brown bars) with 31.53% while our slowest is the fourth quarter (represented by the red bars) with 19.37%.

Busy Months Report for Barrie Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 11.9%
2 January: 11.0%
3 April: 9.7%
4 June: 9.5%
5 February: 8.6%
6 August: 8.6%
RankMonth Percentage of Applications
7 October: 8.1%
8 September: 7.4%
9 May: 7.0%
10 July: 7.0%
11 December: 6.1%
12 November: 5.2%

Busy Days for Mortgages Originating within Barrie

The data below compares the busy days for online inquiries that were received by the Super Brokers web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Barrie the most busy day of the week, with 18.47% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 7.21% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 18.5%
2 Wednesday: 17.6%
3 Monday: 17.3%
4 Thursday: 14.4%
5 Sunday: 12.6%
6 Friday: 12.4%
7 Saturday: 7.2%
Busy Days Report for Barrie Mortgages

Peak Hours for Mortgage Applicants within Barrie

Inquiries are received 24 hours a day on our web site. The graph shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Barrie
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.1%
1AM 01:00 to 01:59: 0.7%
2AM 02:00 to 02:59: 0.2%
3AM 03:00 to 03:59: 0.5%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 2.7%
6AM 06:00 to 06:59: 2.7%
7AM 07:00 to 07:59: 4.7%
8AM 08:00 to 08:59: 7.2%
9AM 09:00 to 09:59: 6.1%
10AM 10:00 to 10:59: 6.8%
11AM 11:00 to 11:59: 8.8%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.6%
1PM 13:00 to 13:59: 5.9%
2PM 14:00 to 14:59: 6.3%
3PM 15:00 to 15:59: 5.4%
4PM 16:00 to 16:59: 4.7%
5PM 17:00 to 17:59: 6.5%
6PM 18:00 to 18:59: 5.2%
7PM 19:00 to 19:59: 5.4%
8PM 20:00 to 20:59: 5.4%
9PM 21:00 to 21:59: 4.1%
10PM 22:00 to 22:59: 2.7%
11PM 23:00 to 23:59: 1.4%

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 Barrie Ranks in Ontario for Mortgage Business

The following table lists how Barrie 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
5BRAMPTON, ON 1.476%
6HAMILTON, ON 1.454%
7KITCHENER, ON 1.029%
8SCARBOROUGH, ON 0.854%
9WINDSOR, ON 0.783%
10BARRIE, ON 0.768%
11BURLINGTON, ON 0.752%
12GUELPH, ON 0.685%
13OAKVILLE, ON 0.647%
14CAMBRIDGE, ON 0.624%
15OSHAWA, ON 0.614%

Types of Mortgage Inquiries Received from Barrie


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 22.5%
Mortgage Pre-approval: 18.2%
First-time Home Buyer: 16.0%
No Money Down Mortgage (discontinued): 11.7%
New Home Purchase: 11.3%
Mortgage Renewal: 11.0%
Other: 9.4%
 
Total Application Types Found: 15

Age Demographics for Barrie Mortgages

Average age: 36
Oldest age: 76
Youngest age: 19


Incomes for Barrie Mortgages

The following depicts the average income of people living in Barrie who have applied for a mortgage loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Barrie: $55,775.52
applicants within all of Canada: $60,852.54
Difference: ($5,077.03)
  
mortgage co-applicants in Barrie: $37,811.85
co-applicants within all of Canada: $43,965.51
Difference: ($6,153.66)

Note: Commercial loans were not included for this section, only residential loans were used.


Last mortgage report update for Barrie: Friday, July 1, 2016
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