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FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
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Durham Mortgage Information

Average Mortgage Loan in Durham: $157,901

Peak Hours for Mortgages within Durham

Mortgage applications are received 24 hours a day from our web site. The statistics shown below represents the rush hours in the day. The data is taken from all days of all years. Only 45.5% of all mortgages are received during the morning, while 50.0% arrive in the afternoon.


Peak Hours Graph for Mortgages in Durham
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 4.5%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 4.5%
6AM 06:00 to 06:59: 9.1%
7AM 07:00 to 07:59: 4.5%
8AM 08:00 to 08:59: 9.1%
9AM 09:00 to 09:59: 9.1%
10AM 10:00 to 10:59: 9.1%
11AM 11:00 to 11:59: 0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 13.6%
1PM 13:00 to 13:59: 0%
2PM 14:00 to 14:59: 0%
3PM 15:00 to 15:59: 9.1%
4PM 16:00 to 16:59: 0%
5PM 17:00 to 17:59: 4.5%
6PM 18:00 to 18:59: 9.1%
7PM 19:00 to 19:59: 0%
8PM 20:00 to 20:59: 13.6%
9PM 21:00 to 21:59: 0%
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 Durham Ranks in Ontario for Mortgage Business

The following table lists how Durham 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
155ALMONTE, ON 0.040%
156ESSEX, ON 0.040%
157DEEP RIVER, ON 0.038%
158FORT FRANCES, ON 0.038%
159FENELON FALLS, ON 0.038%
160DURHAM, ON 0.038%
161SPENCERVILLE, ON 0.038%
162ATIKOKAN, ON 0.036%
163WAWA, ON 0.036%
164SIOUX LOOKOUT, ON 0.036%
165GARSON, ON 0.036%

Types of Mortgage Inquiries Received from Durham


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 22.7%
Refinance / Debt Consolidation: 22.7%
First-time Home Buyer: 22.7%
Mortgage Pre-approval: 9.1%
No Money Down Mortgage (discontinued): 9.1%
Commercial: 9.1%
Fixed Rate: 4.5%
 
Total Application Types Found: 7

Age Demographics for Durham Mortgage Applicants

Average age: 43
Oldest age: 67
Youngest age: 20


Incomes for Durham Mortgage Applicants

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

Average annual gross income for
mortgage applicants in Durham: $73,395.22
applicants within all of Canada: $60,852.54
Difference: $12,542.68
  
mortgage co-applicants in Durham: $44,555.56
co-applicants within all of Canada: $43,965.51
Difference: $590.04

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


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