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Burlington Mortgage Information

Average Mortgage Loan in Burlington: $212,441

Busy Months for Online Applications within Burlington

The following depicts the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Burlington mostly occur during our first quarter (represented by the brown bars) with 32.41% while our slowest is the fourth quarter (represented by the red bars) with 19.54%.

Busy Months Report for Burlington Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 February: 12.4%
2 January: 11.5%
3 April: 9.4%
4 May: 9.0%
5 March: 8.5%
6 October: 7.8%
RankMonth Percentage of Applications
7 June: 7.6%
8 July: 7.4%
9 August: 7.4%
10 September: 7.4%
11 November: 6.2%
12 December: 5.5%

Busy Days for Mortgages within Burlington

The bar graph listed below displays the busy days for online applications that were received by the Super Brokers web site. Each day is a representation of the combined 6-year total of all instances of that day. In Burlington the busiest day of the week, with 16.78% of all inquiries, is Monday. In comparison, Sunday's are the slowest day with only 11.26% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 16.8%
2 Tuesday: 16.8%
3 Wednesday: 16.1%
4 Thursday: 15.2%
5 Friday: 12.2%
6 Saturday: 11.7%
7 Sunday: 11.3%
Busy Days Report for Burlington Mortgages

Peak Hours for Mortgages within Burlington

In Burlington, mortgage applications are received 24 hours a day via the Super Brokers web site. The report shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 38.9% of all mortgages are received during the morning, while 60.2% arrive in the afternoon.


Peak Hours Graph for Mortgages in Burlington
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.9%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0.2%
4AM 04:00 to 04:59: 1.1%
5AM 05:00 to 05:59: 2.5%
6AM 06:00 to 06:59: 2.8%
7AM 07:00 to 07:59: 5.5%
8AM 08:00 to 08:59: 7.8%
9AM 09:00 to 09:59: 5.3%
10AM 10:00 to 10:59: 5.5%
11AM 11:00 to 11:59: 8.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.9%
1PM 13:00 to 13:59: 7.4%
2PM 14:00 to 14:59: 6.4%
3PM 15:00 to 15:59: 5.3%
4PM 16:00 to 16:59: 5.3%
5PM 17:00 to 17:59: 6.7%
6PM 18:00 to 18:59: 6.2%
7PM 19:00 to 19:59: 5.3%
8PM 20:00 to 20:59: 5.3%
9PM 21:00 to 21:59: 3.0%
10PM 22:00 to 22:59: 1.4%
11PM 23:00 to 23:59: 1.1%

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 Burlington Ranks in Ontario for Mortgage Business

The following table lists how Burlington 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
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%
16ST CATHARINES, ON 0.536%

Types of Mortgage Inquiries Received from Burlington


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 23.0%
Refinance / Debt Consolidation: 16.8%
Mortgage Renewal: 14.3%
First-time Home Buyer: 12.6%
New Home Purchase: 11.5%
No Money Down Mortgage (discontinued): 10.1%
Other: 11.5%
 
Total Application Types Found: 17

Age Demographics for Burlington Originated Mortgages

Average age: 39
Oldest age: 83
Youngest age: 22


Incomes for Burlington Originated Mortgages

The amounts shown below represent the average income of applicants living in Burlington who have submitted a mortgage inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Burlington: $69,961.06
applicants within all of Canada: $60,852.54
Difference: $9,108.52
  
mortgage co-applicants in Burlington: $46,026.35
co-applicants within all of Canada: $43,965.51
Difference: $2,060.84

Note: Commercial loan amounts were not included for this section, only residential mortgages from Burlington, Ontario were used.


Last mortgage report update for Burlington: 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 Sarnia.

Mortgage Product Type Inquiries
First-time Home Buyer19.86%
Mortgage Pre-approval18.49%
No Money Down discontinued16.44%
Refinance/Consolidate Debt13.70%
New Purchase11.64%
Mortgage Renewal8.90%
Other10.94%