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Dundas Mortgage Information

Average Mortgage Loan in Dundas: $186,483

Busy Months for Online Mortgages within Dundas

This graph illustrates the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Dundas mostly occur during our first quarter (represented by the brown bars) with 35.44% while our slowest is the third quarter (represented by the blue bars) with 18.99%.

Busy Months Report for Dundas Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 12.7%
2 January: 11.4%
3 February: 11.4%
4 July: 11.4%
5 November: 10.1%
6 May: 10.1%
RankMonth Percentage of Applications
7 October: 10.1%
8 September: 7.6%
9 April: 6.3%
10 December: 5.1%
11 June: 3.8%
12 August: 0.6%

Busy Days for Mortgage Applications within Dundas

The bar graph listed below compares the busy days for online applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Dundas the busiest day, with approximately 20.25% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 7.59% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 20.3%
2 Wednesday: 19.0%
3 Thursday: 16.5%
4 Friday: 12.7%
5 Sunday: 12.7%
6 Monday: 11.4%
7 Saturday: 7.6%
Busy Days Report for Dundas Mortgages

Peak Hours for Mortgages within Dundas

Dundas mortgage applications are received 24 hours a day on the Super Brokers web site. The information shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years. Only 46.8% of all mortgages are received during the morning, while 51.9% arrive in the afternoon.


Peak Hours Graph for Mortgages in Dundas
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.3%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 1.3%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 2.5%
6AM 06:00 to 06:59: 2.5%
7AM 07:00 to 07:59: 5.1%
8AM 08:00 to 08:59: 5.1%
9AM 09:00 to 09:59: 6.3%
10AM 10:00 to 10:59: 7.6%
11AM 11:00 to 11:59: 16.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 3.8%
1PM 13:00 to 13:59: 5.1%
2PM 14:00 to 14:59: 6.3%
3PM 15:00 to 15:59: 6.3%
4PM 16:00 to 16:59: 1.3%
5PM 17:00 to 17:59: 3.8%
6PM 18:00 to 18:59: 5.1%
7PM 19:00 to 19:59: 7.6%
8PM 20:00 to 20:59: 7.6%
9PM 21:00 to 21:59: 1.3%
10PM 22:00 to 22:59: 2.5%
11PM 23:00 to 23:59: 1.3%

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 Dundas Ranks in Ontario for Mortgage Business

The following table lists how Dundas 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
55GEORGETOWN, ON 0.149%
56TRENTON, ON 0.147%
57SIMCOE, ON 0.142%
58COBOURG, ON 0.137%
59STRATFORD, ON 0.137%
60DUNDAS, ON 0.137%
61LINDSAY, ON 0.131%
62MAPLE, ON 0.131%
63STRATHROY, ON 0.123%
64OWEN SOUND, ON 0.123%
65BRADFORD, ON 0.119%

Types of Mortgage Inquiries Received from Dundas


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 25.3%
Mortgage Pre-approval: 16.5%
Refinance / Debt Consolidation: 16.5%
New Home Purchase: 16.5%
Mortgage Renewal: 13.9%
No Money Down Mortgage (discontinued): 6.3%
Other: 5.1%
 
Total Application Types Found: 9

Age Demographics for Dundas Mortgages

Average age: 37
Oldest age: 65
Youngest age: 19


Incomes for Dundas Mortgages

The amounts shown below represent the average income of people living in Dundas who have submitted an inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Dundas: $58,135.76
applicants within all of Canada: $60,852.54
Difference: ($2,716.78)
  
mortgage co-applicants in Dundas: $45,092.38
co-applicants within all of Canada: $43,965.51
Difference: $1,126.87

Note: Commercial loan amounts were not included for this survey, only residential mortgages were used.


Last mortgage report update for Dundas: 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 Stratford.

Mortgage Product Type Inquiries
No Money Down discontinued22.78%
Refinance/Consolidate Debt20.25%
First-time Home Buyer16.46%
Mortgage Pre-approval13.92%
Mortgage Renewal8.86%
New Purchase7.59%
Other10.14%