Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Cambridge Mortgage Information

Average Mortgage Loan in Cambridge: $182,535

Busy Months for Online Applications within Cambridge

The bar graph below illustrates the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Cambridge happen to occur during our second quarter (represented by the green bars) with 30.19% while our slowest is the fourth quarter (represented by the red bars) with 15.24%.

Busy Months Report for Cambridge Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 11.6%
2 April: 10.5%
3 March: 10.0%
4 August: 9.7%
5 January: 9.4%
6 February: 8.9%
RankMonth Percentage of Applications
7 July: 8.9%
8 June: 8.0%
9 September: 7.8%
10 October: 6.7%
11 November: 4.7%
12 December: 3.9%

Busy Days for Mortgages Originating within Cambridge

The graph below displays the busy days for online applications that were received by Super Brokers. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Cambridge, the day with the most volume, having more than 17.73% of all submissions, is Wednesday. In comparison, Friday's are the slowest day with only 9.97% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 17.7%
2 Monday: 17.2%
3 Tuesday: 16.6%
4 Thursday: 14.1%
5 Sunday: 13.9%
6 Saturday: 10.5%
7 Friday: 10.0%
Busy Days Report for Cambridge Mortgages

Peak Hours for Originated Mortgages within Cambridge

In Cambridge, mortgage applications are received 24 hours a day via the Super Brokers web site. The following indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 36.3% of all mortgages are received during the morning, while 62.0% arrive in the afternoon.


Peak Hours Graph for Mortgages in Cambridge
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.8%
1AM 01:00 to 01:59: 0.8%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0.3%
4AM 04:00 to 04:59: 0.6%
5AM 05:00 to 05:59: 0.6%
6AM 06:00 to 06:59: 2.2%
7AM 07:00 to 07:59: 5.8%
8AM 08:00 to 08:59: 5.5%
9AM 09:00 to 09:59: 6.9%
10AM 10:00 to 10:59: 8.9%
11AM 11:00 to 11:59: 5.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.1%
1PM 13:00 to 13:59: 6.9%
2PM 14:00 to 14:59: 6.4%
3PM 15:00 to 15:59: 4.7%
4PM 16:00 to 16:59: 3.6%
5PM 17:00 to 17:59: 6.1%
6PM 18:00 to 18:59: 10.2%
7PM 19:00 to 19:59: 7.2%
8PM 20:00 to 20:59: 4.2%
9PM 21:00 to 21:59: 3.0%
10PM 22:00 to 22:59: 1.7%
11PM 23:00 to 23:59: 1.9%

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 Cambridge Ranks in Ontario for Mortgage Business

The following table lists how Cambridge 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
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%
17NORTH YORK, ON 0.522%
18ETOBICOKE, ON 0.515%
19RICHMOND HILL, ON 0.512%

Types of Mortgage Inquiries Received from Cambridge


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 21.9%
Refinance / Debt Consolidation: 18.3%
New Home Purchase: 17.5%
First-time Home Buyer: 13.6%
No Money Down Mortgage (discontinued): 11.9%
Mortgage Renewal: 9.4%
Other: 7.7%
 
Total Application Types Found: 17

Age Demographics for Cambridge Based Mortgages

Average age: 37
Oldest age: 73
Youngest age: 19


Incomes for Cambridge Based Mortgages

The information below represents the average income of Canadians living in Cambridge who have submitted a mortgage inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Cambridge: $56,581.18
applicants within all of Canada: $60,852.54
Difference: ($4,271.36)
  
mortgage co-applicants in Cambridge: $39,786.20
co-applicants within all of Canada: $43,965.51
Difference: ($4,179.31)

Note: Commercial Mortgages were not included for this survey, only residential loans from Cambridge, Ontario were used.


Last mortgage report update for Cambridge: Friday, July 1, 2016
Mortgage Calculator
 
Mortgage Payment Calculator
With our mortgage calculator, you can plug in your information and try different mortgage interest rates, term lengths, and amortization periods in order to determine what kind of home you can afford. How much do you qualify for?
Mortgage Payment Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Richmond Hill.

Mortgage Product Type Inquiries
Mortgage Renewal21.62%
Mortgage Pre-approval20.27%
Refinance/Consolidate Debt13.85%
New Purchase13.18%
First-time Home Buyer11.15%
No Money Down discontinued5.41%
Commercial Financing4.39%
Other10.16%