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Cochrane Mortgage Information

Average Mortgage Loan in Cochrane: $115,454

Busy Days for Applications within Cochrane

The information listed below plots the busy days for Internet 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 Cochrane the most busy day of the week, with 29.63% of all inquiries, is Wednesday. In comparison, Friday's are the slowest day with only 3.70% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 29.6%
2 Tuesday: 18.5%
3 Thursday: 14.8%
4 Sunday: 14.8%
5 Monday: 11.1%
6 Saturday: 7.4%
7 Friday: 3.7%
Busy Days Report for Cochrane Mortgages

Peak Hours for Originated Mortgages within Cochrane

Mortgage applications are received 24 hours a day via the Super Brokers web site. The information shown below represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 44.4% of all mortgages are received during the morning, while 48.1% arrive in the afternoon.


Peak Hours Graph for Mortgages in Cochrane
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 7.4%
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: 0%
6AM 06:00 to 06:59: 11.1%
7AM 07:00 to 07:59: 14.8%
8AM 08:00 to 08:59: 0%
9AM 09:00 to 09:59: 7.4%
10AM 10:00 to 10:59: 3.7%
11AM 11:00 to 11:59: 7.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 0%
1PM 13:00 to 13:59: 7.4%
2PM 14:00 to 14:59: 3.7%
3PM 15:00 to 15:59: 7.4%
4PM 16:00 to 16:59: 3.7%
5PM 17:00 to 17:59: 7.4%
6PM 18:00 to 18:59: 0%
7PM 19:00 to 19:59: 0%
8PM 20:00 to 20:59: 14.8%
9PM 21:00 to 21:59: 3.7%
10PM 22:00 to 22:59: 0%
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 Cochrane Ranks in Ontario for Mortgage Business

The following table lists how Cochrane 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
133KAPUSKASING, ON 0.048%
134CHELMSFORD, ON 0.048%
135GANANOQUE, ON 0.048%
136NEWCASTLE, ON 0.048%
137PRESCOTT, ON 0.048%
138COCHRANE, ON 0.047%
139FRANKFORD, ON 0.047%
140ESPANOLA, ON 0.047%
141PORT DOVER, ON 0.047%
142ROCKLAND, ON 0.045%
143BLENHEIM, ON 0.045%

Types of Mortgage Inquiries Received from Cochrane


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 25.9%
Mortgage Pre-approval: 25.9%
First-time Home Buyer: 22.2%
New Home Purchase: 11.1%
Mortgage Renewal: 7.4%
Other: 7.4%
 
Total Application Types Found: 7

Age Demographics for Cochrane Applicants

Average age: 36
Oldest age: 55
Youngest age: 21


Incomes for Cochrane Applicants

The information below represents the average income of people living in Cochrane who have applied for a loan using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Cochrane: $59,956.00
applicants within all of Canada: $60,852.54
Difference: ($896.54)
  
mortgage co-applicants in Cochrane: $20,857.14
co-applicants within all of Canada: $43,965.51
Difference: ($23,108.37)

Note: Commercial Mortgage loans were not included for this survey, only home loans from Cochrane, Ontario were used.

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